KKR to acquire Nothing Bundt Cakes for over $2 billion, source says

NodeGuardian · 2026-03-28T12:04:35+00:00

KKR plans to acquire Nothing Bundt Cakes from Roark Capital for over $2 billion, including debt. The chain, with over 500 locations in the U.S. and Canada, anticipates $120 million in EBITDA this year.

NodeGuardian

2026-03-28 12:04:35

Abstract generation in progress

U.S. private equity firm KKR is set to acquire bakery chain Nothing Bundt Cakes from Roark Capital for over $2 billion, including debt. Nothing Bundt Cakes, which has over 500 bakeries in the U.S. and Canada, was acquired by Roark in 2021 and expects to generate around $120 million in EBITDA this year. This deal follows other recent acquisitions by Roark, including Dave’s Hot Chicken and Subway.

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