Deal Details

Nothing Bundt Cakes Sold to Roark

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Summary

About

Nothing Bundt Cakes is the market-leading franchisor and operator of gourmet bakeries offering specialty Bundt Cakes and retail gift items. The Company’s products are handcrafted and baked on-site daily with high-quality ingredients and proprietary formulations distributed by its in-house facilities. Nothing Bundt Cakes currently has nearly 400 locations across the United States. The Company was founded in 1997 and is headquartered in Addison, Texas.

LLCP is a middle-market private equity firm with a 38-year track record of investing across various targeted sectors, including franchising, professional services, education and engineered products. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. Since inception, LLCP has managed approximately $12.1 billion of institutional capital across 15 investment funds and has invested in over 90 portfolio companies. LLCP currently manages approximately $8.5 billion of assets – including its most recent flagship fund, Levine Leichtman Capital Partners VI, L.P., which closed in 2018 with $2.5 billion of committed capital – and has offices in Los Angeles, New York, Chicago, Charlotte, Miami, London, Stockholm and The Hague.

Roark is private equity firm with $25 billion in assets under management. Roark focuses on investments in consumer and business service companies, with a specialization in franchised and multi-location business models in the restaurant, specialty retail, consumer and business services, and health, wellness and beauty sectors. Since inception, affiliates of Roark have invested in 94 franchise/multi-location brands which generate approximately $54 billion in annual system revenues from 63,000 locations in 50 states and 89 countries. Roark is headquartered in Atlanta, Georgia.

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