Roark Capital Sweetens Portfolio With Acquisition of Bakeries

Nothing Bundt Cakes has been acquired by private equity firm Roark Capital.

It is the firm’s 29^th restaurant investment—others include Inspire Brands, CKE Restaurants, Focus Brands, Culver’s and The Cheesecake Factory—and 92^nd overall brand. Two months ago, Roark broke ties with Naf Naf Grill; the firm also formerly had a stake in Corner Bakery, Il Fornaio and Wingstop.

“We look forward to working with [Roark] 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,” Nothing Bundt Cakes CEO Kyle Smith said in a press release.

Nothing Bundt Cakes, founded in 1997, has 390 locations across the U.S. and Canada.