/PRNewswire/ Levine Leichtman Capital Partners ("LLCP"), a Los Angeles-based private equity firm, announced today that it has sold its portfolio company NBC.
Levine Leichtman Capital Partners, a Los Angeles-based private equity firm, announced today that it has sold its portfolio company NBC Holdings, LLC to Roark Capital.
Nothing Bundt Cakes is the market-leading franchisor and operator of gourmet bakeries offering specialty Bundt cakes and retail gift items. The Company s products are handcrafted and baked on-site daily with high quality ingredients and proprietary formulations distributed by its in-house facilities. Nothing Bundt Cakes currently has nearly 400 locations in the U.S. and Canada. The Company was founded in 1997 and is headquartered in Addison, Texas.
Matthew Frankel, Managing Partner of LLCP, says, Kyle Smith and the entire Nothing Bundt Cakes team have built a truly unique business that is positioned for continued growth, with an incredible culture built around great people. The Nothing Bundt Cakes investment has been very successful for LLCP, with exceptional same-store sales growth and robust franchise development
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FBI agents were at a large Hindu temple in New Jersey May 11 as a new lawsuit claimed it was built by workers from marginalized communities in India who were lured to the U.S. and forced to work long hours for just a few dollars per day.
The lawsuit accuses the leaders of the Hindu organization known as Bochasanwasi Akshar Purushottam Swaminarayan Sanstha, or BAPS, of human trafficking and wage law violations.
An FBI spokesperson confirmed that agents were at the temple on âcourt-authorized law enforcement activity,â but wouldnât elaborate. One of the attorneys who filed the suit said some workers had been removed from the site May 11.
Six Indian men filed suit against a large Hindu temple in New Jersey on Tuesday, alleging that the prominent sect in charge of the facility lured them halfway around the world with promises of well-paying jobs, only to confine them to the premises to work 80-hour weeks of manual labor.