European Wax Center(US:EWCZ) Globenewswire·2026-02-19 15:57Core Viewpoint - Julie & Holleman LLP is investigating the proposed $330 million acquisition of European Wax Center, Inc. by General Atlantic, highlighting concerns over conflicts of interest and the perceived undervaluation of the deal at $5.80 per share [1][5]. Group 1: Company Overview - European Wax Center is a leading franchisor and operator of waxing services, making significant progress on its business priorities throughout 2025, which has established a stronger foundation for future growth [3]. - The company's Chairman and CEO, Chris Morris, expressed "tremendous optimism" regarding the company's prospects in November 2025 [3]. Group 2: Acquisition Details - General Atlantic, which already owns 40% of European Wax Center, announced on February 10, 2026, that it would acquire the remaining shares for $5.80 per share, with the deal expected to close in mid-2026 [4]. - The acquisition has raised concerns from Julie & Holleman regarding the fairness of the deal, particularly as key insiders will remain with the company while public shareholders may be receiving a price below the company's true value [5].