Advent hunts buyers for Crax maker DFM Foods, targeting December close
Advent International is seeking an exit from its 96.63% stake in DFM Foods, maker of Crax snacks, courting strategic and PE bidders including ITC, Marico and Britannia. The deal rides surging M&A in India's Rs 50,590-crore snacks market, with DFM posting FY25 sales of Rs 705.8 crore, up 27.5%.
Advent International is seeking to exit DFM Foods, maker of Crax snacks, selling its 96.63% stake to strategic or PE buyers including ITC, Marico and Britannia, targeting December close amid surging Indian packaged-snacks M&A activity.
Why this matters
Reinforces the emerging pattern around Advent's exit search for Crax-maker DFM Foods, with ITC, Marico and Britannia repeatedly named as leading suitors in India's fast-consolidating snacks market.
Retail-company signals accelerating, up 699000% QoQ.