Partners Group, ChrysCapital, EQT, others in fray for Advent’s 97% stake in DFM Foods at Rs.4,200-Cr

Private equity firm Advent International has shortlisted Partners Group, ChrysCapital, and EQT Group as potential buyers for its 96.63% stake in Noida-based DFM Foods , the maker of Crax snacks. Consumer goods company ITC and financial services firm Goldman Sachs are also in contention for the stake. Talks regarding the sale are ongoing, with the valuation of the firm pegged between INR 4,000-Cr and INR 4,200-Cr.Advent International originally acquired the stake in DFM Foods from WestBridge Capital in 2019 for USD 118.8-M and subsequently delisted the company in January 2023.Rajkot-based ethnic snacks food maker Balaji Wafers, till recently a top contender for DFM Foods, has exited. Other potential buyers, including Britannia, Marico and Lotte, which had been tapped by Advent, too are not in the fray now.