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
04-24-24 1746ET