Nothing Bundt Cakes Sells Nine San Diego Bakeries to FS Investors

Sweetmore Bakeries Acquires Fantasy Baking Co.

August 25, 2026

Food & Beverage

Sweetmore Bakeries acquired Fantasy Baking Co., adding its first West Coast facility and expanding its cookie, baked-bar, protein-snack, and ice-cream-inclusion capabilities. The acquisition supports Sweetmore’s coast-to-coast expansion and its broader reach into better-for-you products; Encore Consumer Capital is identified in the coverage as Fantasy’s backer and seller-side party.

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.

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.

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.

Nothing Bundt Cakes Acquires Six San Diego Franchisee Bakeries

November 25, 2019

Food & Beverage

Nothing Bundt Cakes, a portfolio company of Levine Leichtman Capital Partners, acquired six Nothing Bundt Cakes franchisee bakeries in the San Diego market, converting them to company-owned operations. The acquisition expands NBC's West Coast footprint, provides a training and R&D base for the region, and strengthens support for local franchisees.