Announced
Completed
Financials
Sources
Tags
Private
Friendly
Single Bidder
restaurant chain
Domestic
Restaurants and Bars
Mbo
Majority
Acquisition
Completed
United States
Private Equity
Synopsis
Levine Leichtman Capital Partners, a Los Angeles-based private equity firm, completed an investment in Tropical Smoothie Cafe, a franchisor of fast casual cafes with over 870 units across 44 states. Financial terms were not disclosed. "We are excited to partner with Charles and the rest of the management team who have led the tremendous growth of Tropical Smoothie Cafe. We look forward to working with them as they continue to increase system-wide sales, improve franchisee unit economics and expand unit count in the significant remaining whitespace," Matthew Frankel, LLCP Managing Partner.
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