Deal Roundup: Levine Leichtman to sell Tropical Smoothie Cafe to Blackstone, Astatine acquires NRG Riverside

Levine Leichtman Capital Partners has agreed to sell Tropical Smoothie Cafe to fellow private equity major Blackstone, after four years of ownership in which the company has more than doubled its unit count. The fast casual restaurant chain now has more than 1,400 locations across 44 US states. Matthew Frankel, managing partner of LLCP, said, …