Simpson Thacher represented Blackstone in connection with its acquisition of Tropical Smoothie Café, a leading franchisor of fast casual restaurants. Terms of the transaction were not disclosed.
Tropical Smoothie Café is a national fast-casual restaurant brand built on a mission to Inspire Better®, a commitment that starts with our better-for-you food and smoothies and extends to inspiring better in the communities they serve. Born on a beach in 1997, today Tropical Smoothie Café has more than 1,400 locations in 44 states.
The Simpson Thacher team included Elizabeth Cooper, Michael Chao, Erica Egenes and Haley O’Connor (M&A); Greg Grogan and Ryan Stott (Executive Compensation and Employee Benefits); Jonathan Goldstein and Emma Wang (Tax); Brian Gluck, Adam Moss and Alexander Kleinhaus-Resisi (Banking and Credit); Lori Lesser, Bobbie Burrows, Kate Mirino, and Eliza Holland (Intellectual Property); Toby Chun and Deepa Sarkar (Environmental); and Leah Malone, Emily Holland, Lauren Gluzman and Courtney Kobren (ESG).