KKR is set to acquire the American bakery brand Nothing Bundt Cakes from Roark Capital in a deal valued at more than $2 billion, including debt, according to a report by the Wall Street Journal citing unnamed sources familiar with the transaction.
Founded in 1997 by two mothers, Nothing Bundt Cakes has grown into a national chain offering customisable Bundt cakes in various sizes and flavours, from red velvet to confetti and banana pudding. The brand operates primarily through franchising, a mod...
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