CHARLOTTE, N.C., Nov. 17, 2016 /PRNewswire/ -- Deloitte Corporate Finance LLC (DCF) acted as the exclusive financial advisor to Nothing Bundt Franchising LLC (Nothing Bundt Cakes), a leading franchisor and distributor of specialty desserts, in its sale to Levine Leichtman Capital Partners (LLCP). The transaction closed on Sept. 30, 2016.
Founded in 1997, Nothing Bundt Cakes established an innovative, specialty retail concept featuring handmade, premium-quality bundt cakes. With a variety of desserts and products presented to consumers through a retail format that emphasizes nostalgic origins and homespun goodness, the company's unique approach has enabled them to grow into a nationwide franchise with nearly 200 locations. The acquisition will enable Nothing Bundt Cakes to leverage LLCP's extensive experience in the franchising space and continue expanding the concept's geographic footprint and consumer reach.