Deal Roundup: Blackstone completes Tropical Smoothie buyout from Levine Leichtman, GA buys Sustainable Development Capital stake

Blackstone has completed the acquisition of Tropical Smoothie Cafe from Levine Leichtman Capital Partners, in a deal believed to value the company at up to $2bn. The deal is the firest from Blackstone’s latest flagship PE fund, which is expected to close in the low $20bn range. A statement from Blackstone’s Peter Wallace and Michael …