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Blackstone to acquire Tropical Smoothie Cafe restaurant chain

By Sabela Ojea

Blackstone (BX) 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.

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(END) Dow Jones Newswires

04-24-24 1740ET

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