Dessert Holdings acquisition signals fresh start for bakery-to-go and eat-in Bain is reportedly betting $1bn on high-end desserts. Pic: GettyImages/CircleCreativeStudio The North American producer of chef-inspired cakes and desserts for the retail and foodservice sectors has been acquired by private equity firm Bain Capital Private Equity for an undisclosed amount. The deal – pegged at $1bn by DealBook – is indicative that prospects for the bakery-to-go and eat-in space are starting to look rosy again. St. Paul, Minnesota-based Dessert Holdings is an umbrella organisation of three premium dessert companies that service more than 250 customers in the foodservice and retail channels in the US, Canada, Mexico, the Caribbean, South America and Asia.