Advent International Backs Iscon Balaji Foods with $150-Million Investment.

Advent International will invest $150 million for a significant minority stake in Iscon Balaji Foods, an Indian manufacturer and exporter of processed frozen potato products.

The investment forms part of Iscon Balaji Foods’ $215-million Series A funding round, which also includes participation from 360 ONE WAM Ltd.

Founded in 2012, Iscon Balaji Foods manufactures a wide range of frozen potato products, including French fries, hash browns, coated fries and other speciality offerings. The company caters to both domestic and international markets in the processed food segment.