Mizuho to acquire a majority stake in Avendus from KKR and Ranu Vohra.

Mizuho, a full-service financial institution, agreed to acquire a majority stake in Avendus, an institutional financial services firm, from KKR, a global investment firm, and Ranu Vohra. Financial terms were not disclosed. “As we build on the foundation we’ve laid over the last 26 years, we are delighted to announce a long-term strategic partnership with Mizuho in our next phase of growth. Mizuho mirrors our values, vision, and ambition to shape the future of financial services with purpose and impact. Together, we look forward to bringing innovative capital solutions to the Indian ecosystem, and leveraging our complementary strengths to create deeper financial and economic flows between India and Japan. Ranu has been an integral part of building Avendus. All of us at Avendus are deeply grateful for his contributions and wish him the best as he moves into his next chapter. We also thank KKR for their decade-long partnership and unwavering support in Avendus’ transformation," Gaurav Deepak, Avendus Co-founder and CEO.