Nothing Bundt Cakes Sells Nine San Diego Bakeries to FS Investors

Roark Capital Acquires Nothing Bundt Cakes from Levine Leichtman Capital Partners

May 14, 2021

Food & Beverage

Roark Capital, via an affiliate, has acquired Nothing Bundt Cakes from Levine Leichtman Capital Partners. Nothing Bundt Cakes is a franchisor and operator of gourmet bundt cake bakeries with roughly 390 locations and about $470 million in system sales; Roark said it will support continued franchise growth and operational support for bakery owners.

Private Investor Acquires Icing on the Cake

April 19, 2024

Food & Beverage

Generational Group advised Icing on the Cake, an ultra-premium retail dessert bakery in Los Gatos, California, on its sale to a private investor. The transaction closed April 19, 2024 and transfers ownership from founder Lynn after nearly 40 years, with the buyer (unnamed) expected to continue the bakery's traditions and local presence.

San Francisco Equity Partners Acquires Majority Stake in Rustic Bakery

December 21, 2021

Food & Beverage

San Francisco Equity Partners (SFEP) has acquired a majority stake in Rustic Bakery, a Petaluma, California-based specialty foods and cracker manufacturer; terms were not disclosed. Northstar Capital provided junior capital as a co-investor to help finance the transaction; SFEP said it will work with management to expand the brand's product portfolio, distribution and customer base.

Cotton Creek Capital Acquires Ne-Mo's Bakery

October 29, 2025

Food & Beverage

Cotton Creek Capital has made a strategic investment to acquire Ne-Mo's Bakery, a San Diego–based producer of individually wrapped cakes and baked goods. The investment is intended to accelerate growth through expanded manufacturing capacity, product innovation, and commercial investment to broaden the company's retail and convenience-store distribution.

Chicken Salad Chick Acquires Piece of Cake

November 4, 2023

Food & Beverage

Atlanta-based Chicken Salad Chick has acquired Piece of Cake, an iconic local bakery, to expand and standardize its dessert offering across the chain's ~245 restaurants in 18 states. Piece of Cake's ten metro-Atlanta locations (including the airport) will continue operating as usual, founder Melissa Jernigan will remain involved, and roughly 120 Atlanta-area employees will retain their positions.

Café Valley Acquires Freed's Bakery

January 5, 2023

Food & Beverage

Café Valley Inc., an Swander Pace Capital portfolio company, acquired the assets of Freed's Bakery, a manufacturer of iced mini cupcakes that supplies national and regional retailers. The deal is an add-on acquisition intended to expand Café Valley's product offering in mini iced cupcakes, drive synergies and economies of scale across its bakery platform.