Veteran Bankers Worth $35 Million Each on Mizuho Buyout

Avendus Capital has advised on hundreds of transactions since 1999, lately turning into one of India’s fastest growing dealmakers by helping emerging tech tycoons to raise money.

Now, founders Ranu Vohra, Kaushal Aggarwal and Gaurav Deepak have made a fortune themselves. On Wednesday, Mizuho Financial Group Inc. said it will acquire KKR & Co’s more than 60% stake in the Mumbai-based investment bank, and is seeking approval from other holders to increase that to 78.3%, for 47 billion rupees ($520 million) overall.