, opens new tab has agreed to buy Tropical Smoothie Cafe, the private equity firm said on Wednesday, in a deal that a source said valued the restaurant chain at $2 billion. The Atlanta-based ...
New York City-based private equity firm Blackstone announced Wednesday that it was entering into an agreement to purchase Tropical Smoothie Cafe, for what has been reported to be a $2 billion deal.
The firm is paying nearly $2 billion, including debt, for the company, which is currently owned by private-equity firm Levine Leichtman Capital Partners, according to people familiar with the matter.