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Advent International is buying a majority stake in DFM Foods Ltd from its promoters and existing investors, including WestBridge Crossover Fund for an estimated Rs. 940 crore ($130 million).
J.Sagar Associates (JSA) advised Advent International and the team was led by Partners Vikram Raghani and Anand Lakra along with Associates Ami Shah and Khamir Kamdar.
AZB & Partners acted for DFM Foods and its promoters and the team was led by Partners Gautam Saha, Sachin Mehta, and Dushyant Bagga along with Senior Associates Harshit Chandra and Punita Gupta.
Cyril Amarchand Mangaldas advised Westbridge and the team included Partner Nivedita Rao.