PLANO, Texas, May  08, 2026  (GLOBE NEWSWIRE) -- European Wax Center, Inc. (the &#34;Company&#34; or &#34;European Wax Center&#34;), a leading franchisor and operator of out-of-home waxing services in the United States, today announced

EWCZ

European Wax Center Announces Completion of Take-Private by General Atlantic

General Atlantic Completes Take-Private of European Wax Center for $640 Million

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>PLANO, Texas, May  08, 2026  (GLOBE NEWSWIRE) -- European Wax Center, Inc. (the &amp;#34;Company&amp;#34; or &amp;#34;European Wax Center&amp;#34;), a leading franchisor and operator of out-of-home waxing services in the United States, today announced</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>European Wax Center has been taken private by General Atlantic in an all-cash deal valued at $640 million. As a result, the stock will no longer trade publicly, providing a cash return of $5.80 per share to existing stockholders, which may affect investor sentiment and liquidity in the waxing services sector.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>European Wax Center is taken private by General Atlantic for $640 million.</li><li>Stockholders will receive $5.80 in cash per share.</li><li>European Wax Center&#039;s stock will cease trading on Nasdaq.</li><li>Company generated $947 million in sales in fiscal 2025.</li><li>General Atlantic manages approximately $126 billion in assets.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>European Wax Center (EWCZ)</strong>: The company is now private, impacting stock liquidity and trading strategies.</li><li><strong>General Atlantic (GA)</strong>: As the buyer, it may influence EWC&#039;s operational strategy moving forward.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news falls under Corporate Developments as it signals a significant ownership change that could enhance or disrupt European Wax Center&#039;s business strategy and market position.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Transition to private ownership may eliminate volatility for EWCZ shareholders.</li><li>Probable increase in focus on operational efficiencies under General Atlantic.</li><li>Possible expansion or rebranding initiatives might enhance future growth.</li><li>Investors now have a guaranteed cash exit at $5.80 per share.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Transaction completed on May 8, 2026.</li><li>General Atlantic now owns 100% of European Wax Center.</li><li>EWC sales reached $947 million in fiscal 2025.</li><li>Class A common stock ceased trading post-transaction.</li><li>General Atlantic&#039;s assets under management total $126 billion.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider reducing short-term positions in EWCZ as it transitions to private ownership.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>PLANO, Texas, May  08, 2026  (GLOBE NEWSWIRE) -- European Wax Center, Inc. (the "Company" or "European Wax Center"), a leading franchisor and operator of out-of-home waxing services in the United States, today announced the successful completion of its take-private by General Atlantic, a leading global investor, in an all-cash transaction with an implied enterprise value of approximately $640 million.<br></br>        <br></br>With the completion of the transaction, General Atlantic acquired 100% of the outstanding shares in European Wax Center it did not already own. European Wax Center stockholders (other than affiliates of General Atlantic) are entitled to receive $5.80 in cash for each share of European Wax Center class A common stock they owned as of the closing date. European Wax Center's class A common stock has ceased trading and will no longer be listed on the Nasdaq Stock Market.</p>  <p><strong>Advisors</strong><br></br>Moelis &amp; Company LLC is acting as exclusive financial advisor and Ropes &amp; Gray LLP is acting as legal counsel to the Special Committee of the European Wax Center Board of Directors. Edelman Smithfield is acting as strategic communications advisor to European Wax Center.</p>  <p>BofA Securities and Guggenheim Securities are acting as financial advisors and Paul, Weiss, Rifkind, Wharton &amp; Garrison LLP is acting as legal counsel to General Atlantic.</p>  <p><strong><u>About European Wax Center, Inc.</u></strong><br></br>European Wax Center, Inc. is the leading franchisor and operator of out-of-home waxing services in the United States. European Wax Center locations perform approximately 23 million services per year, providing guests with an unparalleled, professional personal care experience administered by highly trained wax specialists within the privacy of clean, individual waxing suites. The Company continues to revolutionize the waxing industry with its innovative Comfort Wax&#xAE; formulated with the highest quality ingredients to make waxing a more efficient and relatively painless experience, along with its collection of proprietary products to help enhance and extend waxing results. By leading with its values – We Care About Each Other, We Do the Right Thing, We Delight Our Guests, and We Have Fun While Being Awesome – the Company is proud to be Certified&#x2122; by Great Place to Work&#xAE;. European Wax Center, Inc. was founded in 2004 and is headquartered in Plano, Texas. Its network, which includes more than 1,000 centers in 44 states, generated sales of $947 million in fiscal 2025. For more information, including how to receive your first wax free, please visit: <a href="https://www.globenewswire.com/Tracker?data=WEWYQ3lM79qLifJf7q5j2ExHexGHrRDuVE4UjxryCjM7GEfv5r4rBvGDCLcsSa7UNxHJLcp5QNHX3YdyQO8l7cpSO_GzatiC7LPw3wR_YQH0ccKGt78zxpNVUzMlUAixoyOdS6_b671LZ5Qy_RyzU_hU37X8C-XvTCTNOpETXkoYqiLIfnwg1znH7ry1IGGXrMRUxn7wLw-9kdgKP0r4hhaC3dGbZmxjJeZePWCv3Rse2MNgtfnQ2NIyweOWG8B1GbD0usmW3ySNeN7mL_8AWg==" rel="nofollow" target="_blank">https://waxcenter.com</a>.</p>  <p><strong><u>About General Atlantic</u></strong><br></br>General Atlantic is a leading global investor with more than four and a half decades of experience providing capital and strategic support for over 885 companies throughout its history. Established in 1980, General Atlantic continues to be a dedicated partner to visionary founders and investors seeking to build dynamic businesses and create long-term value. Guided by the conviction that entrepreneurs can be incredible agents of transformational change, the firm combines a collaborative global approach, sector specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with and scale innovative businesses around the world. The firm leverages its patient capital, operational expertise, and global platform to support a diversified investment platform spanning Growth Equity, Credit, Energy Transition, and Sustainable Infrastructure strategies. General Atlantic manages approximately $126 billion in assets under management, inclusive of all strategies, as of December 31, 2025, with more than 900 professionals in 20 countries across five regions. For more information on General Atlantic, please visit: <a href="https://www.globenewswire.com/Tracker?data=7tkvpsY7ohzg2PgaWlIllYJ_6EvAzR4DgvKtO_ObFqtp3o4LUQSGGygvNd_BfTCV3Px2Mldbw-E8RIrHD41alM6n5yGauvKryg9WJnXHPrM=" rel="nofollow" target="_blank">www.generalatlantic.com</a>.</p>  <p><strong><u>Contacts</u></strong></p>  <p><strong>Edelman Smithfield for European Wax Center</strong><br></br><a href="https://www.globenewswire.com/Tracker?data=amqkxhxYXBaQ0KQg7tiyeyOwYlRXP8NLgGvTLGbAh8iohcVJkEYd-1AuH16CkBo-3LCxyYwe4bJa0eLizkPZc98wHsB0shPQvFrDtNSsacE=" rel="nofollow" target="_blank">EWCIR@edelman.com</a></p>  <p><strong>General Atlantic</strong><br></br>Emily Japlon<br></br><a href="https://www.globenewswire.com/Tracker?data=i13PmiPIZUGqJ7b7QTpjkkC8h_JMHB9PwCRYn29o65_U1UptNm2KSOHrKsOIZZ7EZmr5qzhn1yl_xTyYfo4dOYa2o4wv-XUAzLNv0NrkcrQmESnErBYGEm_5aLMiHfQY" rel="nofollow" target="_blank">media@generalatlantic.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcxNjQzMyM3NTkxMzg0IzIyMTEwNjQ="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MjJmZGJiZmQtYTFhZS00NTdhLWJhNjgtYTVjMWE4ZjU5YmRiLTEyMjI2MTctMjAyNi0wNS0wOC1lbg==/tiny/European-Wax-Center-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/482a71a3-d9f7-43ca-9264-1668e6e6310f"><img src="https://ml.globenewswire.com/media/482a71a3-d9f7-43ca-9264-1668e6e6310f/small/ewc-logo-rgb-red-png.png" border="0" width="150" height="150" alt="Primary Logo"></img></a></p>

European Wax Center has been taken private by General Atlantic in an all-cash deal valued at $640 million. As a result, the stock will no longer trade publicly, providing a cash return of $5.80 per share to existing stockholders, which may affect investor sentiment and liquidity in the waxing services sector.

European Wax Center Announces Completion of Take-Private by General Atlantic

AI Summary

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Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

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