Mizuho nears majority stake acquisition in Avendus

Japanese banking giant Mizuho is set to take over most of Avendus Capital, a leading Indian investment bank, in a deal valuing Avendus at around $700 million. They're picking up KKR's 60% share and could go up to 70%. The original founders will still run things day-to-day, but Mizuho gets final say on big decisions.