Mizuho Securities Acquires Stake in Avendus Capital, Deal Gets CCI Greenlight in Major Financial Infusion

Mizuho Securities Acquires Stake in Avendus Capital, Deal Gets CCI Greenlight in Major Financial Infusion​

Mizuho Securities Co., Ltd. is set to significantly expand its presence in India following the Competition Commission of India's (CCI) approval for a major acquisition. The landmark approval permits Mizuho Securities to acquire certain equity share capital of Avendus Capital Private Limited (ACPL).

This strategic corporate transaction involves the entry of the global Japanese financial powerhouse, Mizuho Securities, into the Indian advisory space via ACPL. The acquisition was approved by the CCI on April 28, 2026, following review of the proposed fully diluted basis transaction.

Strategic Expansion into Indian Advisory Sector​

The CCI's approval paves the way for a deeper collaboration between two major players in the financial services ecosystem. Mizuho Securities, which belongs to the global Mizuho Financial Group, solidifies its advisory and market reach in India.

ACPL remains a leading SEBI-registered merchant banker with extensive advisory capabilities. The infusion of capital from a global giant like Mizuho is expected to bolster ACPL's capacity and market influence in India.

Deep Dive into the Involved Financial Giants​

Mizuho Securities boasts a formidable global presence, operating through 20 offices across multiple countries worldwide. Its operations are segmented across four key business areas: global investment banking, global markets business, research, and retail and business banking.

In India, Mizuho Securities is already operational through its subsidiary, Mizuho Securities India Private Limited. Established in 2010, Mizuho India is registered with the Securities and Exchange Board of India (SEBI) as a merchant banker, lending credibility to the expanding relationship.

Avendus Capital’s Advisory Footprint​

ACPL is a well-established advisory firm with operational footprints across India, Singapore, the United States of America, and the United Kingdom. It serves as a critical advisory resource across diverse industrial sectors.

In India, ACPL provides expert solutions encompassing mergers and acquisitions advisory and private equity syndication services. Its services are specifically tailored for six key sectors, including digital technology & consumer, financial institutions group, healthcare, industrial, enterprise technology & services, and infrastructure.

The CCI order confirms the path for this combination, signaling renewed confidence and deep foreign investment interest in India's rapidly evolving capital markets and advisory sector. Full details regarding the operational implementation of the order are expected to follow from the Commission.