"Deloitte Corporate Finance provided invaluable support and advice throughout a complex, yet rewarding, transaction process," said Debbie Shwetz, co-founder, Nothing Bundt Cakes. "They effectively navigated the intricacies associated with a quickly growing franchise and helped to position Nothing Bundt Cakes as a true leader in the specialty dessert retail space."
"DCF assisted us in finding a fantastic partner that will enable our continued growth and build upon the successes we have had over the past two decades," said Dena Tripp, co-founder and chairperson, Nothing Bundt Cakes. "We are thrilled to be taking this next step in the evolution of our company."
"Nothing Bundt Cakes' founders and management team have successfully executed on a significant growth plan, establishing a leading brand with loyal customers across the country," said Lorin DeMordaunt, managing director and consumer and retail group leader, Deloitte Corporate Finance LLC. "We were excited to assist them throughout the process and to help the team realize an important and gratifying outcome."
About Nothing Bundt Franchising LLC
Nothing Bundt Franchising LLC operates as a leading franchisor and distributor of premium-quality, specialty desserts across the country. Nothing Bundt Cakes has developed a loyal consumer base as a result of the gourmet quality and versatility of its product portfolio, as well as the unique gift food association with the brand. With its corporate headquarters in Addison, Texas, Nothing Bundt Cakes currently has 195 franchise locations across the United States. For more information, visit www.nothingbundtcakes.com.
About Levine Leichtman Capital Partners
Established in California in 1984 by Arthur Levine and Lauren Leichtman, Levine Leichtman Capital Partners (LLCP) has managed roughly $7.5 billion of institutional capital since inception. LLCP focuses investments in middle market companies throughout the United States and Europe and employs a philosophy of investing alongside entrepreneurs and founders who have a long-term stake in their company and desire substantial continued equity ownership. The firm has offices in Los Angeles, Dallas, Chicago, New York, London and The Hague. For more information, visit www.llcp.com.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC (DCF) provides strategic advisory services and M&A advice that help corporate, entrepreneurial, and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.
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