An affiliate of Fort Worth-based private-equity group FundCorp, Thursday said it has acquired Tennessee-based Gigi's Cupcakes, the largest cupcake franchise in the U.S. with more than 100 locations nationwide. Terms of the deal were not disclosed.
The chain has more than a dozen locations in Texas including three in North Texas. Founded in 2008 by entrepreneur Gina "Gigi" Butler as a local boutique bakery in Nashville, Tennessee, Gigi's Cupcakes offers a variety of freshly baked goods, including cupcakes, cakes and cookies.
We are excited that we have found the perfect partner to lead Gigi's through its next phase of growth," said Oklahoma-born Butler, who will remain as the face of the brand and spokeswoman. "Sales are at an all-time high and we have new franchisees interested in joining our family, so it was critical that we find someone that not only had the resources and the expertise to take Gigi's to the next level, but also reflected our Christian values. We found that with FundCorp.
