M&A Deal Summary

Roark Capital Group Acquires Nothing Bundt Cakes

On May 14, 2021, private equity firm Roark Capital Group acquired franchising company Nothing Bundt Cakes from Levine Leichtman Capital Partners

Acquisition Highlights
  • This is Roark Capital Group’s 11th transaction in the Franchising sector.
  • This is Roark Capital Group’s 39th transaction in the United States.
  • This is Roark Capital Group’s 4th transaction in Texas.

M&A Deal Summary
Date 2021-05-14
Target Nothing Bundt Cakes
Sector Franchising
Buyer(s) Roark Capital Group
Sellers(s) Levine Leichtman Capital Partners
Deal Type Secondary Buyout
Advisor(s) Robert W. Baird & Co., Inc. (Financial)

Target

Nothing Bundt Cakes

Addison, Texas, United States
Nothing Bundt Cakes is a franchisor of gourmet bakeries offering specialty Bundt cakes and related merchandise items in over 175 locations in the United States and Canada. The Company's products are hand-crafted and baked on-site. Nothing Bundt Cakes was founded in 1997 and is based in Addison, Texas.

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Buyer(S) 1

Buyer

Roark Capital Group

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 33.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Roark Capital Group is a private equity firm that focuses on middle-market investment opportunities. The Firm targets family-owned business transfers, management/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. Roark Capital Group pursues companies with revenues between $20 million and $5 billion, and EBITDA of $10 to $500 million. Roark Capital primarily invests in consumer and business services companies, with a particular interest in the franchise, food and restaurant, specialty retail, direct marketing and financial services sectors. Roark Capital Group was formed in 2001 and is headquartered in Atlanta, Georgia.

DEAL STATS #
Overall 41 of 44
Sector (Franchising) 11 of 12
Type (Secondary Buyout) 20 of 20
State (Texas) 4 of 4
Country (United States) 39 of 42
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-17 Naf Naf

Chicago, Illinois, United States

Naf Naf Grill is an emerging, on-trend fast casual brand serving high quality, authentic Middle Eastern cuisine in an Americanized format.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 Pet Valu

Markham, Ontario, Canada

Pet Valu is Canada's leading retailer of pet food and pet-related supplies with over 600 corporate-owned or franchised locations across the country. For more than 40 years, Pet Valu has earned the trust and loyalty of pet parents by offering knowledgeable customer service, a premium product offering and engaging in-store services. Pet Valu's neighbourhood stores offer more than 7,000 competitively-priced products, including a broad assortment of premium, super premium, holistic and award-winning proprietary brands. Pet Valu was incorporated in 1976 and is based in Markham, Ontario.

Sell -

Seller(S) 1

SELLER

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.

DEAL STATS #
Overall 42 of 57
Sector (Franchising) 4 of 4
Type (Secondary Buyout) 21 of 30
State (Texas) 5 of 9
Country (United States) 39 of 51
Year (2021) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Prime Global

London, United Kingdom

Prime Global is a global medical communications and market access group that provides biotech, pharmaceutical and healthcare businesses with full-service professional communications, including healthcare strategy and consultancy, scientific and medical communications, consumer health, patient-integrated science, and market access. The Company is an active player in a market that is poised for rapid growth as a result of increased spending on pharmaceutical research and development and outsourcing by pharmaceutical and biotechnology companies. Prime Global was founded in 1997 and is based in Knutsford, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Trinity Consultants

Dallas, Texas, United States

Trinity Consultants is a provider of air quality consulting and compliance services in the United States. Trinity’s deep experience in consulting, technology, training, and staffing across environmental, health and safety, engineering, and science helps organizations effectively overcome complex, mission-critical challenges. Trinity Consultants was founded in 1974 and is based in Dallas, Texas.

Sell -
Mergr

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