KKR Acquires Nothing Bundt Cakes From Roark Capital For $2 Billion

KKR & Co Inc (NYSE:KKR) is acquiring Nothing Bundt Cakes from private equity firm Roark Capital for more than $2 billion. The company added 390 locations since Roark acquired the chain in 2021. The private equity firm has been looking for a buyer for the U.S. bakery chain since last year, Restaurant Business reported. • KKR shares are advancing steadily. Why are KKR shares climbing?Nothing Bundt Cakes was founded in 1997 by Dena Trip and Debbie Shwetz. The bakery makes customizable bundt cakes for all occas ...