Blackstone, through its private equity funds, has successfully acquired Tropical Smoothie Cafe from Levine Leichtman Capital Partners. Tropical Smoothie Cafe is a leading franchisor in the fast casual restaurant sector. This acquisition is notable as it is the first transaction in the newest vintage of Blackstone’s flagship private equity vehicle.

Private Equity, Food and Beverage, Franchising,United States

Blackstone Completes Acquisition of Tropical Smoothie Cafe