Levine Leichtman Capital Partners Sells Tropical Smoothie Cafe

LOS ANGELES--(BUSINESS WIRE)--Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced today that it has entered into a definitive agreement to sell its portfolio company TSC Intermediate, Inc. (“Tropical Smoothie Cafe” or the “Company”) to private equity funds managed by Blackstone (“Blackstone”). Tropical Smoothie Cafe is a leading franchisor of fast casual restaurants built on a mission to Inspire Better® with more than 1,400 locations across 44 states.