KKR Seeks Advisers to Sell Stake in Avendus Capital
- PE firm is in talks to appoint two banks to manage the deal
- US company is seeking a valuation of $500 million for Avendus
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KKR & Co. is in talks with advisers to sell its stake in Avendus Capital Ltd., valuing the financial services provider at more than $500 million, people familiar with the matter said.
The private equity titan is close to appointing two banks to manage the formal process for the transaction, the people said, asking not to be named as the information is not public. Other investors in the Mumbai-based firm might also join KKR in the deal, taking the stake for sale to about 80% of the company, they said, without providing specific details.