KKR to acquire Nothing Bundt Cakes in $2bn-plus deal – report

Private equity company KKR has finalised a deal to purchase US bakery chain Nothing Bundt Cakes from Roark Capital in a transaction valued at more than $2bn, The Wall Street Journal (WSJ) reported, citing people familiar with the matter. Founded in 1997, Nothing Bundt Cakes has grown from a single bakery into a network of hundreds of outlets across the US. According to the company’s LinkedIn profile, Nothing Bundt Cakes has more than 500 corporate and franchised bakeries in 40 US states and Canada. Roa ...