KKR Invests in Avendus Capital; Details Not Disclosed

Leading global investment firm KKR and Avendus Capital ("Avendus" or "the Company"), a pre-eminent Indian financial services firm providing customized solutions in the areas of financial advisory and wealth management, today announced the signing of a definitive agreement under which KKR will invest in Avendus to fund the company's foray into the credit solutions business and to grow its wealth and alternative asset management solutions offerings to its customers. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20151116006693/en/ KKR is making its investment from its Asian Fund II. As a part of this transaction, KKR is purchasing shares from Eastgate Capital and Americorp Ventures, an early investor in Avendus. Further details of the transaction were not disclosed. The transaction See full press release