Private equity firm BIP Opportunities Fund has bought a controlling interest in Tropical Smoothie Café, a 315-unit quick-service franchise serving smoothies, sandwiches and salad on a better-for-you marketing platform. Exact terms of the deal were not disclosed. Founder Erich Jenrich and David Walker, the former owners of Tropical Smoothie Café, remain on the board of directors, and former chief operating officer Mike Rotondo has been promoted to replace Jenrich as chief ...
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