Baird's Investment Banking Group is pleased to announce the following transaction:

Date:
August 2021
Company:
Nothing Bundt Cakes
Description:
Sale to Roark Capital
Sector(s):
Consumer
Baird served as an advisor to Nothing Bundt Cakes on this transaction

Nothing Bundt Cakes (the “Company”), a portfolio company of Levine Leichtman Capital Partners (“LLCP”), has been acquired by an affiliate of Roark Capital (“Roark”). The terms of the transaction were not disclosed.

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.

For additional information about this transaction, please contact:

Chris Sciortino +1-312-609-4923
Ryan Brunker +1-312-609-4679
Tom Lacy +1-414-298-7648
Brian McDonagh +1-704-553-6611
Brendan Driscoll +1-312-609-3332
Robert Foster +44-20-7667-8309