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JSA, AZB, CAM act on Advent’s $130m open offer takeover of Crax, Natkhat-maker DFM

US-based private equity firm Advent International Corporation is set to acquire a controlling stake in home-grown snacks maker DFM Foods Pvt Ltd that owns brands such as Crax and Natkhat.

Hindu Business Line

J Sagar Associates (JSA) advised Advent International led by a team of partners Vikram Raghani and Anand Lakra, associates Ami Shah and Khamir Kamdar.

AZB & Partners advised DFM Foods and its promoters.

Cyril Amarchand Mangaldas advised WestBridge, Aravali Investment Holdings and Jwalamukhi Investment Holdings led by a team including partner Nivedita Rao and partner Anand Jayachandran.


Deal value: USD 130 million

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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