Core Viewpoint - Mizuho Securities has agreed to acquire over 60% of Avendus Capital, enhancing its presence in India's financial services market and establishing a strategic partnership for growth [1][2][3]. Group 1: Acquisition Details - Mizuho will purchase shares from Avendus Capital's majority shareholder, Redpoint Investments, and co-founder Ranu Vohra [1]. - The transaction is subject to regulatory approvals and will result in Avendus becoming a consolidated subsidiary of Mizuho upon completion [2]. - Avendus founders and existing leadership will continue to manage the firm, maintaining its strategy and brand identity [2][4]. Group 2: Strategic Implications - The acquisition will provide Mizuho access to Avendus's operational identity and brand while leveraging its institutional network and global scale [5]. - Mizuho Financial serves over 20 million retail clients in Japan and operates more than 100 offices globally, offering a range of corporate and investment banking services [5]. - This move is expected to strengthen Mizuho's position in India's capital markets and support clients' interests in expanding into the Indian market [6]. Group 3: Future Outlook - Avendus co-founder and CEO Gaurav Deepak expressed optimism about the long-term strategic partnership with Mizuho, aiming to bring innovative capital solutions to the Indian ecosystem [3]. - Mizuho is actively assessing opportunities to expand its investment banking operations in India, leveraging its corporate advisory and finance experience from other regions [7].