Roark Capital Acquires Nothing Bundt Cakes from Levine Leichtman Capital Partners

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.

Nothing Bundt Cakes Sells Nine San Diego Bakeries to FS Investors

May 6, 2025

Restaurants & Hospitality

Nothing Bundt Cakes sold nine company-owned bakeries in the San Diego market to FS Investors, which also signed a development agreement to build 16 additional bakeries in the region. The transaction is part of Nothing Bundt Cakes' strategy to accelerate regional expansion and leverage local operators to scale presence in a high-growth market.

One Rock Capital Partners Makes Strategic Investment in Lewis Brothers Bakeries

October 7, 2024

Food & Beverage

One Rock Capital Partners (through an affiliate) completed a strategic growth investment in Lewis Brothers Bakeries, a third-generation, family-owned wholesale bakery headquartered in Evansville, Indiana. The Lewis family remains invested, management (led by H. Dean Short) will continue to run the business, and One Rock said it will support geographic and product expansion as well as potential accretive acquisitions.

New Water Capital Acquires Klosterman Baking Company

July 27, 2022

Food & Beverage

An affiliate of New Water Capital Partners II L.P. has acquired Klosterman Baking Company, a long-standing producer of fresh and frozen baked goods serving grocers, restaurants and institutional customers. New Water said it will partner with management to expand Klosterman's product portfolio and geographic distribution footprint through organic and inorganic growth initiatives.

Bain Capital Acquires Dessert Holdings from Gryphon Investors

April 26, 2021

Food & Beverage

Bain Capital Private Equity has entered into a definitive agreement to acquire Dessert Holdings, a St. Paul–based premium dessert platform that includes The Original Cakerie, Lawler’s Desserts, and Atlanta Cheesecake Company. The acquisition from Gryphon Investors will support Dessert Holdings’ next stage of growth—pursuing product innovation, organic expansion and add-on opportunities—and is expected to close in Q2 2021 (debt financing led by Antares Capital).

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.