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KKR to Buy 700-Unit Nothing Bundt Cakes for $2 Billion
KKR is set to acquire Nothing Bundt Cakes from Roark Capital for approximately $2 billion. This acquisition follows significant growth for Nothing Bundt Cakes under Roark Capital’s ownership, expanding to 700 locations by May 2025. Roark Capital, a major player in restaurant franchises, also owns Inspire Brands and is reportedly exploring an IPO for it this year.