AcquisitionsMay 8, 2026, 08:57 AM
European Wax Center Completes $640M Take-Private by General Atlantic
AI Summary
European Wax Center, Inc. announced the successful completion of its take-private by General Atlantic, a leading global investor. The all-cash transaction implies an enterprise value of approximately $640 million. European Wax Center stockholders received $5.80 in cash for each share of Class A common stock they owned. Following the completion, the company's Class A common stock has ceased trading and will no longer be listed on the Nasdaq Stock Market.
Key Highlights
- European Wax Center completed its take-private by General Atlantic.
- The all-cash transaction has an implied enterprise value of approximately $640 million.
- Stockholders received $5.80 in cash for each Class A common stock.
- General Atlantic acquired 100% of outstanding shares it did not already own.
- European Wax Center's Class A common stock ceased trading and delisted from Nasdaq.
- Moelis & Company LLC acted as financial advisor to the Special Committee.
- BofA Securities and Guggenheim Securities advised General Atlantic.