M&A Deal Summary

KKR Acquires Avendus

On November 17, 2015, private equity firm KKR acquired financial services company Avendus from Eastgate Capital Group for 115M USD

Acquisition Highlights
  • This is KKR’s 10th transaction in the Financial Services sector.
  • This is KKR’s 103rd largest (disclosed) transaction.
  • This is KKR’s 9th transaction in India.

M&A Deal Summary

Date 2015-11-17
Target Avendus
Sector Financial Services
Buyer(s) KKR
Sellers(s) Eastgate Capital Group
Deal Type Secondary Buyout
Deal Value 115M USD

Target

Avendus

Mumbai, India
Avendus is a provider of financial services and lays emphasis on creating customized solutions in the areas of asset management, credit solutions, investment banking, and wealth management. Avendus was formed in 1999 and is based in Mumbai, India.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 192 of 484
Sector (Financial Services) 10 of 21
Type (Secondary Buyout) 37 of 107
Country (India) 9 of 27
Year (2015) 27 of 29
Size (of disclosed) 103 of 104
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-16 Yuehai Feed

Zhanjiang City, China

Yuehai Feed is a manufacturer of Aquatic feed company in China focused on providing feed and nutrition solutions for shrimp and seawater fish farming. Yuehai Feed was formed in 1994 and is based in Zhanjiang City, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-29 Webhelp S.A.

Paris, France

Webhelp S.A.is a global business process outsourcer (BPO), specializing in customer experience and payment services in addition to sales and marketing services across voice, social and digital channels.

Buy -

Seller(S) 1

SELLER

Eastgate Capital Group

Dubai, United Arab Emirates

Category Private Equity Firm
Founded 2006
PE ASSETS 650M USD
Size Large
Type Sector Agnostic
DESCRIPTION

Eastgate Capital Group is a private equity group focused on opportunities across the Middle East and North Africa. In addition to investing in real estate, Eastgate will consider private equity transactions in a variety of sectors. Eastgate was formed in 2006 and is a unity of NCB Capital. The Firm is based in Dubai.


DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (India) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-17 L azurde

Riyadh, Saudi Arabia

L'azurde is designer, manufacturer and distributor of gold jewelry for the premium mass market, and the fourth largest gold jewelry manufacturer globally. L'azurde was established in 1982 and is based in Riyadh, Saudi Arabia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-29 L azurde

Riyadh, Saudi Arabia

L'azurde is designer, manufacturer and distributor of gold jewelry for the premium mass market, and the fourth largest gold jewelry manufacturer globally. L'azurde was established in 1982 and is based in Riyadh, Saudi Arabia.

Sell -