Nothing Bundt Cakes may soon have a new owner.
Private equity firm Roark Capital, which currently owns the rapidly expanding Dallas-based bakery chain, has reportedly enlisted North Point and Bank of America to manage a potential sale, according to Reuters.
The company could be valued at more than $2 billion if a deal goes ahead.
The bakery brand has been growing at a brisk pace, celebrating the opening of its 700th location in Rosenberg, Texas, in May.
It is expected to add more than 100 new stores this year, with ambitions to reach 1,000 locations by 2027.
Roark Capital acquired Nothing Bundt Cakes in 2021 from Levine Leichtman Capital Partners.
The firm has been active in the food and restaurant sector, purchasing Dave’s Hot Chicken for around $1 billion earlier this year and completing a $9.6 billion acquisition of Subway in 2024.
Founded in 1997, Nothing Bundt Cakes is known for its hand-crafted bundt cakes available in a range of flavors and sizes, and has become a popular player in the U.S. bakery market.
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