Funds managed by Blackstone Group have agreed to acquire Tropical Smoothie Cafe from Levine Leichtman Capital Partners. Financial terms were not disclosed. New York-based Blackstone was advised by a Simpson Thacher & Bartlett team led by partners Elizabeth Cooper, Jonathan Goldstein and Gregory Grogan. Tropical Smoothie, which is based in Atlanta, was represented by Kirkland & Ellis.
Banking & Financial Services
April 25, 2024, 1:15 PM