Mizuho Acquires Avendus Capital: Founders Rake in $35M Each in $520M Deal

• Mizuho Financial Group Inc. is acquiring KKR & Co.'s majority stake in Avendus Capital, aiming for 78.3% for $520 million.
• Avendus founders Ranu Vohra, Kaushal Aggarwal, and Gaurav Deepak will each net approximately $35 million from their 5.5% stakes.
• The deal highlights India's booming financial sector, attracting significant foreign investment and enriching local founders.
• Avendus Capital, founded in 1999, has grown from M&A advisory to a major player in equity capital markets, alternative investments, and wealth management.
• While Aggarwal and Deepak remain shareholders, founder Ranu Vohra is selling his stake and will depart post-transaction.

Why It Matters: Avendus Capital's $520M sale to Mizuho enriches founders, signals India's finance boom.