Blackstone Inc. (NYSE:BX) entered into a definitive agreement to acquire Tropical Smoothie Cafe, LLC from Levine Leichtman Capital Partners VI, L.P. managed by Levine Leichtman Capital Partners, LLC on April 24, 2024. Barclays acted as financial advisor to Blackstone. Elizabeth Cooper, Michael Chao, Greg Grogan, Jonathan Goldstein, Brian Gluck, Adam Moss, Lori Lesser, Toby Chun, Deepa Sarkar, Leah Malone and Emily Holland of Simpson Thacher & Bartlett LLP acted as legal advisor to Blackstone. Chris Sciortino, Ryan Brunker, Scott Ehlen, Brian McDonagh, Tom Lacy and Jared Berk of Robert W. Baird & Co. Incorporated acted as lead financial advisor to Tropical Smoothie Cafe. North Point Mergers and Acquisitions, Inc. acted as financial advisor to Tropical Smoothie Cafe. BofA Securities, Inc. acted as financial advisor to Tropical Smoothie Cafe. Kirkland & Ellis LLP acted as legal advisor to Tropical Smoothie Cafe.

Blackstone Inc. (NYSE:BX) completed the acquisition of Tropical Smoothie Cafe, LLC from Levine Leichtman Capital Partners VI, L.P. managed by Levine Leichtman Capital Partners, LLC on June 10, 2024.