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00:02KKR has agreed to acquire Nothing Bunt Cakes from Rourke Capital for over $2 billion,
00:07including debt, according to the Wall Street Journal.
00:10Founded in 1997, the bakery chain sells customizable Bunt Cakes in multiple sizes and flavors,
00:16and has expanded to hundreds of U.S. locations.
00:19Rourke acquired the Dallas-based chain in 2021.
00:22The business operates largely through a franchised model that offers predictable revenue streams.
00:27Private equity firms have increased deal-making in the restaurant sector in recent years.
00:32Rourke previously acquired Subway in 2023 and owns several restaurant brands.
00:38KKR has had limited restaurant activity and invested in Rebel Foods in 2024.
00:43For all things money, visit Benzinga.com.
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