By Sabela Ojea

Blackstone said it is acquiring acquire Tropical Smoothie Cafe, an Atlanta-based franchiser with over 1,400 locations in 44 states, from Leichtman Capital Partners.

The private-equity company's announcement regarding its definitive takeover agreement comes shortly after The Wall Street Journal reported the deal and said the firm would be paying nearly $2 billion for the company, including debt.

Blackstone didn't disclose financial details of the agreement.

Write to Sabela Ojea at

(END) Dow Jones Newswires

04-24-24 1746ET