Advent Eyes DFM Foods Exit at $500-800M, 4-7x Return on Crax Maker
Six years after acquiring DFM Foods for ~$120M, Advent International is sounding out buyers for the Crax snacks maker at a $500-800M valuation. The PE firm is leveraging 27.5% FY revenue growth and a refreshed product portfolio to pitch a sale that could mark one of India's larger packaged-foods exits.
Advent International is exploring a sale of DFM Foods, maker of Crax snacks, six years after acquiring it for ~$120M. PE firm seeks $500-800M valuation following 27.5% revenue growth and new product launches.
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