Roark Capital to acquire Nothing Bundt Cakes from Levine Leichtman Capital Partners.

Roark Capital, a private equity firm, agreed to acquire Nothing Bundt Cakes, an operator of gourmet bakeries, from Levine Leichtman Capital Partners, a private equity firm. Financial terms were not disclosed. "Today marks an important milestone for the Company, and we would like to thank LLCP for their close relationship with our team and for their valuable contributions and strategic insight over the years. LLCP's deep expertise in franchising combined with their management-centric approach made for the perfect partner in scaling our business and further developing our one-of-a-kind brand," Nothing Bundt Cakes, Kyle Smith, President and CEO.