Advent Eyes DFM Foods Exit at $500-800M, 4-7x Return on Crax Maker

Six years after acquiring DFM Foods for ~$120M, Advent International is sounding out buyers for the Crax snacks maker at a $500-800M valuation. The PE firm is leveraging 27.5% FY revenue growth and a refreshed product portfolio to pitch a sale that could mark one of India's larger packaged-foods exits.

— FiledFri, 19 Jun, 2026, 18:49 IST·First seen Fri, 19 Jun, 2026, 18:48 IST·Source Moneycontrol · News Web

What happened

Advent International is exploring a sale of DFM Foods, maker of Crax snacks, six years after acquiring it for ~$120M. PE firm seeks $500-800M valuation

Key facts

  • $118-120M acquisition 2019
  • $500-800M target valuation
  • 27.5% revenue growth FY

Why this matters

DFM Foods coming to market at $500-800M is a rare scaled entry point into Indian extruded snacks, and strategics should engage early before sponsor-to-sponsor dynamics set the price.

Also reported by