US private equity firm, KKR, is set to acquire a majority stake in Wealth Management firm, Avendus Capital for around $100m. Such dominance has forced many Wall Street giants to tweak their India strategy to focus on mid-market transactions and chase smaller ticket size digital deals. The deal will see the firm become part of the wealth management arm of KKR and its investment banking arm, which has been renamed as KKR’s Private Equity Group.
US private equity firm, KKR, is set to acquire a majority stake in Wealth Management firm, Avendus Capital for around $100m. The deal will see the firm become part of the wealth management arm of KKR and its investment banking arm, which has been renamed as KKR’s Private Equity Group.