Private equity giant KKR & Co L.P. has reached a definitive agreement with Roark Capital to acquire the well-known US bakery chain Nothing Bundt Cakes for a price exceeding $2 billions, including debt.
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This transaction marks an important strategic move by KKR in the food retail sector and highlights the tremendous potential of specialty bakery chain brands in the consumer market. After the transaction is completed, Nothing Bundt Cakes will leverage KKR's global resource network to accelerate its expansion and further enhance its competitiveness in the North American bakery market.
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