European Wax Center acquired by General Atlantic

General Atlantic, a global private equity firm with a history of investing in growth companies, completed its acquisition of European Wax Center, taking the personal care services franchisor private. This all-cash transaction saw General Atlantic purchase all outstanding Class A common stock of the company that it did not already own. The move delisted European Wax Center from the Nasdaq stock exchange, allowing its management to pursue long-term strategic initiatives without the pressures of quarterly public reporting and market fluctuations. The take-private is intended to provide the company with greater operational flexibility and access to capital to accelerate its growth, optimize its franchise network, and enhance its service offerings. The acquisition price represented a significant premium over the company’s recent trading prices, signaling the acquirer's strong conviction in the brand's market position and future potential. The deal was managed by a special committee of European Wax Center’s board of directors, which was formed to evaluate the proposal and ensure the best interests of all stockholders were represented throughout the process.

By taking control of European Wax Center, General Atlantic continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Planetart in 2025.