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Story summary
- KKR & Co. Inc., a global investment firm, is set to acquire Nothing Bundt Cakes for over $2 billion.
- The deal follows Roark Capital, a private equity firm, completing its 2021 acquisition of the bakery chain.
- Nothing Bundt Cakes, founded in 1997, now operates more than 643 locations, nearly doubling since Roark's purchase.
- Typical locations generate about $1.4 million in annual revenue.
- The deal reflects ongoing private equity interest in franchised companies.
