Avendus Capital

The deal, valued at approximately $700 million, will mark Mizuho's biggest investment in India, reflecting a major commitment to the Indian market

Cliffhanger sale of KKR - backed Avendus Capital: Carlyle back in fray as talks with Mizuho slow down

On February 20 , 2024, Moneycontrol was the first to report that KKR had revived the process to exit the leading home-grown firm.  Slowing down of discussions between Mizuho Financial Group and KKR backed Avendus Capital over "softer deal terms" do not necessarily mean that the Japanese group is out of the race, sources said.

Mizuho and KKR chalk out at final deal terms for Avendus Capital

With a valuation upwards of Rs 6,000 crore, Mizuho Financial Group is the clear frontrunner to pick up controlling stake in India’s homegrown investment banking business, Avendus Capital.

Mizuho makes a binding bid for Avendus Capital

On December 18, Moneycontrol reported that Nomura has placed its final bid for the homegrown investment banking firm. Bid from Carlyle is expected around the first week of January 2025

Final binding bids for Avendus Capital come through

Nomura has bid for complete acquisition of Avendus Capital, while bids from Mizuho and other interested investors expected later this week, sources have told Moneycontrol

Mizuho leads race for acquiring Avendus, but other options remain in play

Avendus Capital co-founder Gaurav Deepak is putting together a counteroffer to challenge Mizuho and Nomura’s preliminary bids, but valuation differences and unclear exit paths for potential investors may hinder his efforts.

Nomura, Mizuho leading bidders for KKR-backed Avendus Capital

The two Japanese firms have made the highest preliminary bids for KKR’s 63% stake in Avendus Capital Pvt., said the people, who asked not to be identified as the discussions are private

Nomura jumps into fray to acquire Avendus in a shift of role from adviser to bidder: Report

Initially appointed the sell-side adviser for the deal, Nomura has emerged a third potential buyer for the homegrown investment bank. It will be up against Mizuho and Carlyle

Carlyle group, Premji Invest, Mizuho in race to acquire controlling stake in KKR-backed Avendus Capital: Report

The three have cleared the first round of screening and are expected to make their final offers by month-end

AI-led demand for data centres may add 500 MW of capacity in 4 years, projects report

According to the report, the sector doubled from approximately 540 MW in 2019 to around 1,011 MW in 2023, making India among the fastest-growing data centres markets globally. 

KKR revives process to exit Avendus Capital; onboards Nomura as advisor

In November 2015, KKR picked up a controlling stake in Avendus Capital from existing investors

Pharma looks attractive due to valuations but isn’t a long-term play: Andrew Holland, CEO, Avendus Capital

He isn't impressed by defensive bets, FMCG, or IT either. While he doesn't see any catalyst to move the needle for the former, he feels the high interest rates in the US could impact the recovery of IT companies.

India ‘best-loved’ Asian market in absence of China stimulus: Avendus Capital’s Andrew Holland

In terms of financials and growth in India, Holland said there will be a few downgrades, likely in metals, banking and IT, before there are upgrades.

Growing at a 40% CAGR, Indian data centre market to reach 1700 MW capacity by 2025

Seven cities contribute 92 percent of the total capacity in India. Delhi, Chennai, Hyderabad and Kolkata have the largest total DC capacity currently under construction.

Citi's Anshul Gupta may join Avendus Capital to replace Chintan Kothari who heads to VC firm

On February 16, investment firm Eight Roads Ventures announced that Kothari had joined its healthcare team in India as a Partner.

Software consulting startup Celebal Technologies raises $32 million from Norwest Venture Partners

The funds will be used to strengthen its foothold in markets across India, North America and Asia Pacific and to expand to new territories in Europe, West Asia and Japan, the company said

Too many negative moving parts, best trade is the reopening one: Avendus’ Andrew Holland

Domestic fund inflows may fall by a lesser degree when compared to global markets but will fall by 5%

Avendus appoints Gaurav Sood as equity capital markets head

Prior to joining Avendus, Sood was the co-head of equity capital markets business at ICICI Securities. He has also worked with institutions like Kotak Securities, ICICI Bank and Morgan Stanley.

Fairfax-backed IIFL Finance looks to sell stake in Housing Finance unit

Canadian billionaire Prem Watsa-backed Fairfax Group and the UK government’s development finance institution CDC Group plc are key investors in IIFL Finance, holding 22.3 percent stake and 7.7 percent stake, respectively. With over 2,563 branches, IIFL Finance and its subsidiaries, IIFL Home Finance Limited and Samasta Microfinance, are focussed on retail lending.

EV market likely to be Rs 50,000-crore opportunity in India by 2025: Avendus Capital

The report also said it expects 9 percent penetration by 2024-25 in the two-wheeler segment and with the right macroeconomic environment, the number can further go up to 16 percent and while the segment could grow to Rs 12,000 crore by 2024-25.

Exclusive: Poonawalla family's Serum Institute looks to raise $1 billion for big-ticket COVID-19 vaccine project

Investment banks Goldman Sachs, Citi and Avendus Capital have been engaged as advisors for the process by the privately held vaccine manufacturer, say sources.

LOGOS India acquires two logistics parks in Chennai

The transaction worth Rs 700 crore includes two fully leased warehousing assets - Mappedu Logistics Park and Mahindra World City.

Avendus Capital seeks deep valuation cut in IDFC MF: Report

An acquisition of IDFC's mutual fund business would help Avendus Capital deepen its presence in the asset management business as IDFC would offer it a ready platform.

Avendus Capital arm to launch environment-focused impact fund

To spearhead the initiative, Avendus has tied up with Institutional Investor Advisory Services (IiAS), which will supply a ranking framework covering ESG principles, the company added.

Bangalore based Portea raises $26 million led by Sabre Partners

Existing investors Accel Partners, International Finance Corporation (IFC), a member of the World Bank Group and Qualcomm Ventures also participated in this round.