🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Mizuho Financial’s AC Deal Could Net Founders $35 Mn Each

StartupTalky

StartupTalky · 1h ago

Mizuho Financial’s AC Deal Could Net Founders $35 Mn Each

Mizuho Financial Group plans to acquire a 78.3% stake in Avendus Capital, buying KKR & Co.'s over 60% share for $520 million. Avendus founders Gaurav Deepak, Kaushal Aggarwal, and Ranu Vohra, each owning a 5.5% stake, will see their shares valued at about $35 million each post-deal. This transaction highlights India's financial sector growth, with Avendus leading in private equity and M&A transactions, and signals significant Japanese investment in India’s finance industry.

Related News

Japan’s Mizuho set to acquire Avendus Capital for $700 Mn: Report

Entrackr

Entrackr · 6m ago

Japan’s Mizuho set to acquire Avendus Capital for $700 Mn: Report

Japan’s Mizuho set to acquire Avendus Capital for $700 Mn: Report Japanese financial major Mizuho Financial Group is reportedly set to acquire KKR-backed Avendus Capital in a deal valuing the Indian investment bank at Rs 6,000 crore ($700 million). The Economic Times, which first reported the development, said the agreement comes after months of negotiations and will mark Mizuho’s largest investment in India. The deal includes KKR exiting its 60%, along with early investors and co-founder Ranu Vohra. The remaining founders, Kaushal Aggarwal and Gaurav Deepak, will stay on to lead operations, though Mizuho will have veto rights. Mizuho is likely to own up to 70% of Avendus post-deal. Established in 1999, Avendus operates across investment banking, credit solutions, institutional equities, wealth, and asset management. Its acquisition of Spark in 2022 bolstered its capital markets presence. For the nine months ending December 2024, the firm reported Rs 1,035 crore in revenue and Rs 170 crore in net profit. KKR, which invested Rs 950-1,000 crore in Avendus in 2015, is expected to make a 3.5x return. Other bidders like Carlyle and Nomura were in contention, but Mizuho emerged the frontrunner due to strategic alignment and cross-border synergy potential. Recently, SMBC invested in Yes Bank and Mizuho took a 15% stake in Kisetsu Saison Finance. With five branches in India, Mizuho has already infused $500 million into its operations and appointed KKR’s former India head Sanjay Nayar as an advisor.

Mizuho Financial Group buys out KKR stake in Avendus to take charge

Economic Times

Economic Times · 3d ago

Mizuho Financial Group buys out KKR stake in Avendus to take charge

Mizuho Financial Group is acquiring a controlling stake in Avendus, marking KKR's exit from a nine-year investment. This transaction underscores the strategic interest of Japanese financial institutions in India, with Mizuho set to own up to 70% of Avendus. The deal faced delays due to valuation disagreements among shareholders but ultimately valued Avendus at Rs 5900 crore. Avendus co-founders retain operational control, with the acquisition highlighting Mizuho’s commitment to expanding its financial services in India.

SEBI Cracks Down On DroneAcharya, Founders Over IPO Fraud, Revenue Inflation

Inc42 · 22d ago

SEBI Cracks Down On DroneAcharya, Founders Over IPO Fraud, Revenue Inflation

SEBI has fined DroneAcharya and its founders INR 75 Lakh and barred them from the securities market for up to two years due to IPO fraud and revenue inflation. The company's assets are frozen amidst ongoing investigations. SEBI alleges that DroneAcharya fabricated around 35% of its FY24 revenue and misled investors with promises of high returns. The penalties include INR 10 Lakh on the company, INR 20 Lakh each on the founders, and INR 10 Lakh on related advisors.

InMobi founders buy back $250-million stake from SoftBank; company valued at about $1 billion - The Economic Times

Economic Times

Economic Times · 16d ago

InMobi founders buy back $250-million stake from SoftBank; company valued at about $1 billion - The Economic Times

InMobi's founders have repurchased a 25-30% stake from SoftBank for $250 million, reducing SoftBank's holdings from 35% to 5-7%. Initially invested in 2011, SoftBank's buyback deal is under $1 billion. To finance this, InMobi's founders pledged shares for debt, following a trend seen in other startups. The buyback occurs as InMobi prepares an IPO, distancing SoftBank from a promoter tag. They recently raised $350 million in debt from various partners.

Adani in talks with banks for $3.5 billion loan in one of top Asia loans in 2023

Livemint

Livemint · 2y ago

Adani in talks with banks for $3.5 billion loan in one of top Asia loans in 2023

The Adani Group is reportedly in advanced talks with several international banks, including DBS Group Holdings Ltd., First Abu Dhabi Bank PJSC, Mizuho Financial Group Inc, Mitsubishi UFJ Financial Group, Inc., and Sumitomo Mitsui Banking Corp., to secure loans totaling around $2.5 billion. The group intends to use these funds for refinancing debt taken for its Ambuja acquisition. The negotiations indicate the group's return to regular operations after allegations of stock price manipulation earlier this year. While the deal has not been finalized, it could become one of the largest loans in Asia, excluding Japan, this year.

Capital One Is Buying Discover Financial

Livemint

Livemint · 1y ago

Capital One Is Buying Discover Financial

Capital One is set to acquire Discover Financial Services in a deal worth over $35 billion, uniting two major credit-card companies in the US. The all-stock deal would provide Discover shareholders with 1.0192 Capital One shares for each Discover share, representing a premium of approximately 27%. The acquisition would give Capital One a larger presence in the payments industry, enabling it to leverage Discover's payments network. While Discover is smaller than Visa and Mastercard, it is one of the few US competitors to these dominant players. The deal is subject to regulatory approval.

Peak XV invests $35 Mn in wealth and asset management firm Neo

Entrackr

Entrackr · 2y ago

Peak XV invests $35 Mn in wealth and asset management firm Neo

Wealth and asset management firm Neo has secured a $35 million growth investment from Peak XV Partners. The funds will be used to enhance Neo's wealth management business, expand its asset management franchise, and bring in new talent. Neo serves a wide range of clients, including high-net-worth individuals, ultra-high-net-worth individuals, and global institutions. With over $3 billion in assets under advisement, the two-year-old company has established itself as a significant player in the industry.

Exclusive: Neo kicks off Series B with $26.5 Mn

Entrackr

Entrackr · 1y ago

Exclusive: Neo kicks off Series B with $26.5 Mn

Wealth and asset management company Neo has raised Rs 220 crore or $26.5 million in its Series B led by Crystal Investment. This is the second significant round for the Mumbai-based company in the past 9 months. The board at Neo has approved issuing Series B preference shares at an issue price of Rs 3,12,421 each to raise $26.5 million, its regulatory filing accessed from the Registrar of Companies (RoC) shows. Crystal investments pumped in Rs 140 crore (approximately $16.8 million) while Mufg Bank and individual investor Deepak Agarwal participated with Rs 78 crore and Rs 2 crore, respectively. This seems to be part of an ongoing round and the firm may raise more funds.. As per TheKredible’s estimates, the company has been valued at around Rs 1,920 crore or $231 million post-allotment. Neo has raised around $104 million to date including its $35 million Series B round led by Peak XV in October last year. According to the startup data intelligence platform TheKredible, Peak VV was the largest external shareholder, holding 22.22% of the company. Meanwhile, its co-founders—Nitin Jain, Varun Bajpai, and Hemant Dogra—collectively held 63.81% prior to this funding round. Neo provides advisory and yield-based investment solutions to high and ultra-high net worth individuals including indigenous family offices. The three-year-old firm demonstrated supper growth in the fiscal year ending March 2023 as its revenue ballooned 9X to Rs 65.1 crore. Neo achieved such growth with a mere loss of Rs 3.6 crore during FY23. The company is yet to disclose its FY24 results.

Morgan Stanley Offloads PB Fintech Shares Worth INR 19.1 Cr

Inc42 · 5m ago

Morgan Stanley Offloads PB Fintech Shares Worth INR 19.1 Cr

Morgan Stanley Asia (Singapore) Pte sold 99,994 shares of PB Fintech in a block deal valued at INR 18.19 crore. The shares were sold for INR 1,819 each, slightly below the previous closing price of INR 1,823.7 on the BSE. BNP Paribas Financial Markets purchased the shares. This transaction follows PB Fintech co-founders Yashish Dahiya and Alok Bansal selling a significant portion of their holdings for INR 920 crore.

Truecaller spends $140 mn on dividends, buybacks amid share slump

The Arc Web

The Arc Web · 1y ago

Truecaller spends $140 mn on dividends, buybacks amid share slump

Caller ID app Truecaller has spent $141 million on dividends and share buybacks over the past 18 months during a period of business slowdown. The company recently announced a special dividend of $54.4 million (SEK 590 million) for its shareholders, along with plans to give 25% of its profit after tax as dividends each year. Additionally, Truecaller has completed a share buyback, spending $86.5 million (SEK 940 million) to cancel a 7.5% stake. Despite the positive news, Truecaller's market capitalisation has dropped to $1 billion, and its shares are currently 35% lower than the IPO price in 2021.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Sept 2025

Your Health, Simplified with Smart Care

An ecosystem for curated creative partnerships

Your Health our Priority.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Ola Electric rival Ather Energy e ...

Spacetech startup EtherealX in ta ...

Mizuho Financial’s AC Deal Could ...

Download the medial app to read full posts, comements and news.