KKR has reached an agreement to acquire Nothing Bundt Cakes, the popular U.S. bakery chain known for its bundt cakes and cream cheese frosting. The private-equity giant is purchasing the company from Roark Capital, which also owns Dunkin' and other restaurant brands. This marks KKR's latest move into the restaurant and bakery sector as it expands its portfolio of food service businesses.

Nothing Bundt Cakes has grown to become a beloved bakery chain with locations across the United States, specializing in made-from-scratch bundt cakes in various sizes and flavors. The acquisition comes as Roark Capital continues to streamline its portfolio, having previously sold other restaurant concepts. KKR's investment strategy often targets established brands with strong customer loyalty and growth potential in the food and beverage industry.

The deal represents another significant transaction in the restaurant sector as private equity firms continue to consolidate popular dining concepts. KKR's acquisition of Nothing Bundt Cakes adds to its growing list of restaurant investments, positioning the firm to benefit from the bakery chain's expansion plans and brand recognition. The transaction underscores the ongoing interest in casual dining and specialty food concepts among private equity investors.