Deloitte Corporate Finance acted as the exclusive financial advisor to Nothing Bundt Franchising, a franchisor and distributor of specialty desserts, in its sale to Levine Leichtman Capital Partners (LLCP). The transaction closed on September 30, 2016.

Founded in 1997, Nothing Bundt Cakes established a specialty retail concept featuring bundt cakes. With a variety of desserts and products, the company’s approach has enabled it to grow into a nationwide franchise with nearly 200 locations. The acquisition will enable Nothing Bundt Cakes to leverage LLCP’s extensive experience in the franchising space and continue expanding the concept’s geographic footprint and consumer reach.

“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.”

Nothing Bundt Franchising operates as a franchisor and distributor of specialty desserts across the country.

Established in California in 1984, Levine Leichtman Capital Partners (LLCP) has managed roughly $7.5 billion of institutional capital since inception.