KKR to acquire majority stake in Avendus Capital

Q.  KKR will acquire a majority stake in which 15 year old advisory asset and wealth management firm?
- Published on 22 Sep 15

a. Avendus Capital
b. Morgan and Chase
c. Goldman Sachs
d. Barclays Capital

ANSWER: Avendus Capital
 
KKR, a US PE group is set to acquire a majority stale in asset and wealth management firm Avengers. Proposed deal will be around USD 100 million and will be a combination of shares and exits. Avenues Capital was founded by Gaurav Deepak, Kaushal Aggarwal and Ranu Vohra. Eastgate Capital, PE arm of NCB Capital Saudi Arabia had earlier picked up a 26% stake in the firm for INR 100 crore.KKR, with over $101 billion is backing local financial services players like Magma and Au Financiers. Avendus was started in 1999 as a catalyst for major VCs.

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