US-based private equity firm Advent International is acquiring about 68 per cent stake from promoters and WestBridge Capital in Indian snacks maker DFM Foods for about $118.2 million (Rs 851.67 crores). With the sale of shares, DFM’s promoters and WestBridge will fully exit their investments in the company.
Advent to acquire controlling stake in WestBridge-backed DFM Foods for $118m
Date posted: Tuesday 10 September 2019