Levine Leichtman Capital Partners sells Nothing Bundt Cakes
Levine Leichtman Capital Partners ("LLCP"), a Los Angeles-based private equity firm, announced that that it has sold its portfolio company NBC Holdings, LLC ("Nothing Bundt Cakes" or the "Company") to Roark Capital ("Roark").
Nothing Bundt Cakes is the 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 in the U.S. and Canada. The Company was founded in 1997 and is headquartered in Addison, Texas.