European Wax Center to Be Taken Private by General Atlantic in All-Cash Transaction

Core Viewpoint - European Wax Center, Inc. has entered into a definitive agreement to be taken private by General Atlantic in an all-cash transaction valued at approximately $330 million, with stockholders receiving $5.80 per share in cash, representing significant premiums over recent stock prices [1][3]. Company Overview - European Wax Center, Inc. is a leading franchisor and operator of out-of-home waxing services in the United States, performing over 23 million services annually and generating sales of $951 million in fiscal 2024 [7]. - The company was founded in 2004 and is headquartered in Plano, Texas, with a network of more than 1,000 centers across 44 states [7]. Transaction Details - General Atlantic, a strategic partner since 2018, currently owns approximately 42% of the company's outstanding shares and will acquire the remaining shares in this transaction [2][3]. - The transaction has been unanimously approved by a Special Committee of the Board of Directors and is expected to close in mid-2026, pending certain conditions including stockholder approval and regulatory approvals [4][5]. Financial Aspects - The purchase price of $5.80 per share represents a 45% premium to the closing stock price on February 9, 2026, and a 51% premium to the 90-day volume-weighted average share price for the same period [3]. Advisory Information - Moelis & Company LLC is serving as the exclusive financial advisor for the Special Committee, while Ropes & Gray LLP is providing legal counsel [6].