Latest news with #ManuelBaigorri
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Business Standard
a day ago
- Business
- Business Standard
Mizuho on verge of buying majority stake in investment bank Avendus
Executives are hammering out details of a transaction that could be finalised as soon as this month and value Avendus at about $800 million Bloomberg By Baiju Kalesh, Manuel Baigorri and Hideki Suzuki Mizuho Financial Group Inc. is on the verge of buying a majority stake in investment bank Avendus Capital Pvt, people familiar with the matter said, in what would be the latest acquisition by a Japanese bank in India. Mizuho, Japan's third-largest lender, plans to acquire KKR & Co.'s 63 per cent stake in Avendus and may also buy shares from minority investors, bringing its total holding to about 70 per cent, the people added. Representatives for Mizuho and KKR declined to comment. Avendus didn't immediately respond to a request for comment. Bloomberg News reported in February that Mizuho was working on a deal to buy a majority stake in Avendus. In another example of a Japanese bank turning to India, Sumitomo Mitsui Financial Group Inc.'s banking unit last month agreed to buy a 20 per cent stake in Yes Bank Ltd. for about Rs 135 billion ($1.6 billion). Mizuho is seeking to replicate its US playbook by leaning on the experience and connections of a local partner to grow its dealmaking business. In 2023, it bought US investment bank Greenhill & Co. to boost its presence in advisory for mergers and acquisitions in the Americas. An Avendus acquisition would bolster Miuzho's presence in India, which has become a hotspot for initial public offerings and M&A. Chief Executive Officer Masahiro Kihara has said the lender isn't interested in traditional retail banking assets in Asia.
Bloomberg
06-05-2025
- Business
- Bloomberg
Asia-Focused Hopu Sees New Golden Age for Buyouts
Hi, it's Manuel Baigorri in Hong Kong, where I've just sat down with a senior executive at Hopu Investments to discuss the firm's strategy and the right time for popping champagne. Also today, DoorDash is hungry for deals. Today's top stories
Bloomberg
05-03-2025
- Business
- Bloomberg
Hungry Investors Set to Feast on Deals in Asia Pacific
Hi, it's Manuel Baigorri and Pei Li in Hong Kong, where we sat down with Bank of America's Adnan Meraj to talk about private equity deals in APAC. Also today, Aramco weighs a bid for BP's Castrol and more on BlackRock's acquisition of ports in the Panama Canal. Today's top stories
Bloomberg
14-02-2025
- Business
- Bloomberg
Hong Kong Dealmakers Poised to Strike in Year of the Snake
Hi, it's Dong Cao and Manuel Baigorri in Hong Kong, where we've been chatting with Alex Bidlake, a partner at Clifford Chance (and a champion rower), about the outlook for M&A in the financial hub. Also today, Italy seeks an alternative Telecom Italia deal. Today's top stories The strong dealmaking momentum in Hong Kong toward the end of 2024 should swing through 2025, the year of the snake—regarded in Chinese tradition as a symbol of intelligence and intuition, which are good traits to have in making deals.
Bloomberg
28-01-2025
- Business
- Bloomberg
SoftBank-Backed Lenskart Said to Tap Banks for $1 Billion IPO
By and Manuel Baigorri Save Indian eyewear company Lenskart Solutions Pvt is poised to hire arrangers including Kotak Mahindra Bank Ltd. and Morgan Stanley for an initial public offering in Mumbai this year, people familiar with the matter said. Other banks may join to work on a share sale that could help the SoftBank Group Corp. -backed company raise about $1 billion, according to the people, who asked not to be identified because the deliberations are private. Lenskart may seek a valuation of about $8 billion in a potential offering, the people said.
