Mizuho Acquires Avendus Stake as KKR Exits; Ranu Vohra Also Divests

• Japan's Mizuho Financial Group will acquire a stake in institutional financial services firm Avendus.
• KKR, an investor for nearly a decade, will sell its shareholding to Mizuho Securities Co. Ltd.
• Avendus Co-founder Ranu Vohra will also divest his stake and exit post-transaction, subject to approvals.
• The deal is valued at up to 81 billion yen ($523 million), as reported by Reuters.
• Avendus will retain its brand and leadership, gaining access to Mizuho's global network to expand M&A and capital markets capabilities.

Why It Matters: Mizuho expands India presence by acquiring Avendus, marking KKR and Ranu Vohra's exit.