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M&A Deal Summary

Advent International Acquires DFM Foods

On September 9, 2019, private equity firm Advent International acquired food company DFM Foods

Acquisition Highlights
  • This is Advent International’s 10th transaction in the Food sector.
  • This is Advent International’s 8th transaction in India.

M&A Deal Summary
Date 2019-09-09
Target DFM Foods
Sector Food
Buyer(s) Advent International
Deal Type Going Private
Advisor(s) KPMG Corporate Finance (Financial)

Target

DFM Foods

New Delhi, India
DFM Foods is a manufacturer, marketer, and seller of products such as corn rings, corn puffs, wheat puffs, and crispy sticks under the “CRAX,” “CURLS,” “NATKHAT” and “FRITTS” brand names, respectively. It also offers a range of traditional “namkeens,” or savory snack foods. DFM Foods was founded in 1984 and is based in New Delhi, India.

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Buyer(S) 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 280 of 353
Sector: Food M&A 10 of 12
Type: Going Private M&A Deals 13 of 23
Country: India M&A 8 of 16
Year: 2019 M&A 13 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Aditya Birla Capital

Mumbai, India

Aditya Birla Capital is a holding company for the financial services businesses of the Aditya Birla Group. With subsidiaries that have a strong presence across Protecting, Investing, and Financing solutions, ABCL is a financial solutions group that caters to the diverse needs of its customers across their life cycle. Aditya Birla Capital is based in Mumbai, India.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-30 ICE Group

Reggio Emilia, Italy

ICE Group is a manufacturer of Ursodeoxycholic Acid (UDCA), an active pharmaceutical ingredient (API), sourced from bile, primarily used in drugs treating liver diseases and gallstones. ICE Group was founded in 1949 and is based in Reggio Emilia, Italy.

Buy -
Mergr

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