Advent International to exit snacks maker DFM Foods

US private equity firm Advent International has initiated talks to sell its 96.63% stake in Noida-based DFM Foods . It has engaged Avendus Capital and EY to act as advisors for the potential sale. Interested parties in discussions with Adventninclude consumer goods firms such as ITC, Marico, Britannia, Lotte and Liwayway Foods, as well as private equity firms Kedaara Capital and CVC Capital Partners.Established in 1984, DFM Foods produces a variety of snacks, including Curls, Fritts, and Natkhat, alongside its flagship brand, Crax. The company operates manufacturing facilities in Ghaziabad, Greater Noida, Kashipur, and Howrah.Advent acquired a majority stake in the firm from WestBridge Capital in 2019 for $118.8-M and subsequently delisted the company in January 2023.DFM Foods reported a 27.5% rise in total sales to Rs.705.8-Cr in FY25.