Blackstone Completes Acquisition of Tropical Smoothie Cafe

6/19/2024

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Retail & Restaurant Facility Business

• Subcategory: Retail: Restaurant

• Tag: Closing | Investment | Press Release | Sale

• Additional Filters-Subcategory: Retail: QSR

• Additional Filters-Tags: Sale: Ownership Interest

• Company: Blackstone Group (NYSE: BX)

Private equity funds managed by Blackstone have completed the acquisition of Tropical Smoothie Cafe, a leading franchisor of fast-casual restaurants, from Levine Leichtman Capital Partners. This marks the first transaction in Blackstone’s most recent vintage of its flagship private equity vehicle.