Mizuho to Acquire Shares of Avendus Capital Private Limited
Mizuho Securities, a consolidated subsidiary of Mizuho Financial Group, has entered into an agreement with the majority shareholder of Avendus Capital Private Limited to acquire over 60% of the shares of Avendus, subject to regulatory approvals. After completion of the acquisition, Avendus will become a consolidated subsidiary of Mizuho Securities.
Avendus is a leading financial services firm built on a strong foundation of entrepreneurship, talent, and deep relationships across India’s business ecosystem. With a profound understanding of Indian entrepreneurs and the markets they operate in, the firm has cultivated a culture of innovation, agility, and excellence. As India’s largest investment bank and a full-service financial services firm, Avendus offers services in institutional equities, wealth management, and asset management, bringing together a comprehensive suite of capabilities to serve clients throughout their financial journey.
Strategic significance of this acquisition
Mizuho has positioned global Corporate & Investment Banking (CIB) as one of its business focus areas and has been building a unique CIB business model, leveraging its global client base in banking and securities. Mizuho has also been broadening its business base through acquisitions, such as its 2023 acquisition of Greenhill & Co.
By welcoming Avendus, a leading player in the Indian M&A market, as a strategic platform, Mizuho will further strengthen its business foundation in India’s rapidly developing and maturing capital markets.
Mizuho’s clients have shown significant interest in expanding into the Indian market, and this collaboration will enable Mizuho to provide robust support in this regard right from the conceptual stage. By combining its global expertise with Avendus’ deep knowledge of the market, Mizuho will continue to innovate together with clients as a trusted partner in their corporate business strategies.
Norbert Gehrke
