European Wax Center(US:EWCZ) Globenewswire·2026-02-10 18:12Core Viewpoint - Julie & Holleman LLP is investigating the proposed $330 million acquisition of European Wax Center, Inc. by General Atlantic, citing concerns over conflicts of interest and the perceived undervaluation of the deal at $5.80 per share [1][5]. Company Overview - European Wax Center is the leading franchisor and operator of out-of-home waxing services in the United States [3]. - The company made significant progress on its key business priorities throughout 2025, establishing a stronger foundation for future growth [3]. - Chairman and CEO Chris Morris expressed "tremendous optimism" regarding the company's prospects in November 2025 [3]. Acquisition Details - General Atlantic, which already owns 40% of European Wax Center, has decided to acquire the remaining shares for $5.80 per share, with the deal expected to close in mid-2026 [4]. - The acquisition price has raised concerns about its fairness, as insiders will remain with the company while public shareholders may be cashed out at a price below the company's true value [5].