Advent scouts buyers for Crax-maker DFM Foods; ITC, Marico, Britannia among suitors
Advent International looks to exit its 96.63% stake in DFM Foods, acquired for $118.8M in 2019, targeting a December close. Strategics ITC, Marico and Britannia plus PE firms are circling as India's ₹50,590 crore snacks market races toward ₹103,556 crore by 2034 at 8.28% CAGR.
Advent International seeks to exit Crax-maker DFM Foods, selling its 96.63% stake to strategics like ITC, Marico, Britannia or PE firms, targeting December close amid surging M&A in India's packaged snacks market.