KarpReilly Sprinkles Growth Capital on Cupcake Company
January 22, 2013
Sprinkles Cupcakes, a Beverly Hills-based cupcake bakery, has received an investment from private equity firm KarpReilly. Sprinkles owns and operates eleven cupcake bakeries nationwide, and plans to add more locations this year in new and existing markets. KarpReilly has some experience in the chain restaurant space, with recent investments made in Burger Lounge, Hooters and The Habit Burger, among others. ORIX Leveraged Finance provided debt financing for the transaction, and North Point Advisors served as Sprinkles' financial advisor.