Roark Capital, an Atlanta-based private equity firm focused on investing in franchised and multi-location businesses, announced today that its affiliate has acquired Nothing Bundt Cakes.
Founded in 1997, Nothing Bundt Cakes is a market leading franchisor and operator of gourmet bakeries offering specialty bundt cakes in 390 locations that generate ~$470 million of system sales across the U.S. and Canada. Nothing Bundt Cakes’ products are hand-crafted and baked on-site, with high-quality ingredients and proprietary formulations.
“Roark is a best-in-class partner that shares our values of transparency and excellence and has deep expertise with its incredible portfolio of brands,” said Nothing Bundt Cakes CEO Kyle Smith. “We look forward to working with them to enhance support for our bakery owners and continue growing our system while maintaining the joy-giving experience our brand has offered guests for nearly 25 years.”
Clay Harmon, Managing Director at Roark, said, “Nothing Bundt Cakes is a special brand with delicious products that are beloved by guests. We have great admiration for what Kyle and his team have accomplished, and are excited to partner with them.”
Nothing Bundt Cakes is Roark’s 29th restaurant investment and 92nd franchise/multi-location brand.
May 14, 2021