LLCP completed an investment in Tropical Smoothie Cafe.

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.