CVC enters race to acquire Avendus Capital from KKR – report

CVC Capital Partners is currently evaluating the possibility of purchasing a “majority” share of India-based Avendus Capital, a stake presently owned by KKR & Co, reported Bloomberg. The early-stage discussions involve a thorough assessment of Avendus' business operations and financial health. Bloomberg noted that “CVC could still walk away”, citing sources. This move by the Luxembourg-based alternative asset manager could potentially infuse Avendus with the global support required to increase its marke ...