Blackstone in Deal to Acquire Franchiser Tropical Smoothie Cafe
Provided by
Dow Jones
By Sabela Ojea
Blackstone said it is acquiring acquire Tropical Smoothie Cafe, an Atlanta-based franchiser with over 1,400 locations in 44 states, from Leichtman Capital Partners.
The private-equity company's announcement regarding its definitive takeover agreement comes shortly after The Wall Street Journal reported the deal and said the firm would be paying nearly $2 billion for the company, including debt.
Blackstone didn't disclose financial details of the agreement.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
April 24, 2024 17:46 ET (21:46 GMT)
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