Announced
Completed
Financials
Sources
Tags
alternative asset management
India
Private
Completed
Private Equity
Acquisition
Asset Managers and Custodians
Single Bidder
Majority
Friendly
Synopsis
KKR, a global investment firm, completed the investment in Avendus Capital, a pre-eminent Indian financial services firm. Financial terms were not disclosed. "India is witnessing unprecedented demand for innovative and integrated financial services products as a result of rising entrepreneurship across sectors. Avendus is a world-class firm built and run by three visionary founders which delivers solutions to meet this demand by offering diverse alternative investment products and wealth advisory services," Sanjay Nayar, KKR Member and KKR India CEO.
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