Avendus Capital

Packaging industry growing at 9% CAGR, to reach $92 billion by FY30: Avendus

India is now the world’s fastest growing packaging market, projected to outpace GDP growth by 1.3x, driven by rising demand from segments such as food and beverages, pharmaceuticals, personal care and e-commerce, an Avendus Capital report says

Boutique bankers build a fortune on sale of Avendus Capital

On Wednesday, Mizuho Financial Group Inc. said it will acquire KKR & Co’s more than 60% stake in the Mumbai-based investment bank

Avendus sale faces delay as KKR, Gaja Capital squabble over exit premium

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.