KKR Acquires Nothing Bundt Cakes for Over $2 Billion

Inc. has finalized a deal to acquire the U.S. bakery chain Nothing Bundt Cakes from Roark Capital for a reported sum exceeding $2 billion, which includes assumed debt, according to a Reuters source.

This significant transaction, announced on March 25, 2026, marks a notable private equity investment in the consumer discretionary sector. Nothing Bundt Cakes, a popular U.S. bakery chain, transitions ownership from Roark Capital, which previously held the asset.

For KKR, a prominent investment management firm, this acquisition represents a strategic deployment of capital into a well-established brand with a strong market presence. The deal underscores KKR's continued interest in consumer-facing businesses that offer growth potential and stable revenue streams.

The financial details, including the over $2 billion valuation, highlight the robust appetite for proven brands within the private equity landscape.