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Addison-based Nothing Bundt Cakes sells to an Atlanta firm that's buying up food brands

Addison-based Nothing Bundt Cakes sells to an Atlanta firm that’s buying up food brands The popular bakery chain moved its corporate headquarters to North Texas in 2015. Nothing Bundt Cakes has 390 locations in the U.S. and Canada and annual sales of $470 million.(Agent485) 8:15 PM on May 15, 2021 CDT Addison-based gourmet bakery chain Nothing Bundt Cakes is being sold to an Atlanta firm making its 29th food industry investment. Levine Leichtman Capital Partners, the Los Angeles-based private equity firm that owned the popular bakery, reached the deal Friday with Roark Capital. Terms weren’t disclosed. Nothing Bundt Cakes becomes Roark’s 92nd franchise or multi-location brand. The investment firm’s current portfolio includes Arby’s, Baskin Robbins, Culver’s, Frisco-based Jamba, Dallas-born Rusty Taco, Sonic and the Cheesecake Factory.

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AQR's Comeback Came Too Late for Florida SBA | Institutional Investor

Florida’s $245.8 billion state investment office has terminated another of its investments with AQR Capital Management, despite the quant firm’s improving performance. The Florida State Board of Administration shared its first-quarter manager commitments and terminations on Tuesday, revealing that had it ended a commitment of $375 million to AQR at the beginning of February. This follows the investment office’s 2019 decision to terminate a separate U.S. equity investment with AQR worth $163 million.   AQR would go on to post strong performance for the first quarter, as  Institutional Investor recently reported. Through April 23, the firm’s AQR Style Premia Alternative Fund has gained 19.3 percent for the year. This is compared to 2020 when the fund fell 19.23 percent.  

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Riverside - Mergers & Acquisitions

Riverside April 29, 2021 March 26, 2020 May 07, 2019 April 16, 2019 November 20, 2018 Get M&A news and analysis delivered daily to your inbox.

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Gi Partners - Mergers & Acquisitions

Gi Partners - Mergers & Acquisitions
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