mynth
← DATABASE
05/2026

EUROPEAN WAX CENTER acquired by GENERAL ATLANTIC

UNITED STATES Retail / Specialized Retail / Beauty & Cosmetics EV 500M - 1.5b USD

Context

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.

EUROPEAN WAX CENTER, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (11.0x).

-> Deep-dive in Retail & Consumer market trends

Target

European Wax Center, Inc. is a prominent American franchisor and operator specializing in out-of-home waxing services. Founded in 2004 and headquartered in Plano, Texas, the company has established a significant footprint across the United States. As of 2025, its network consisted of over 1,000 centers located in 44 states. The company's business model is centered on providing a professional and high-quality personal care experience. Services are performed by extensively trained wax specialists in private, clean suites, ensuring guest comfort and privacy. A key differentiator for the brand is its proprietary Comfort Wax®, a unique hard wax formulation designed to provide a more efficient and less painful experience for clients. In addition to its core waxing services, which amounted to approximately 23 million individual services per year, the company offers a complementary line of proprietary skincare and beauty products designed to enhance and prolong waxing results. The corporation fosters a strong set of values—We Care About Each Other, We Do the Right Thing, We Delight Our Guests, and We Have Fun While Being Awesome—and has been certified as a Great Place to Work®.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2025
2024

Similar deals in Retail

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
06/2026PAI PARTNERSARLETTIEFRANCESpecialized Retail
06/2026GROUPE LFPII-RUNFRANCESport
03/2026MR PRICE GROUPNKD GROUPGERMANYFashion & Apparel
02/2026CREDIT MUTUEL EQUITYLA VIE CLAIREFRANCEFine Food / Organic
02/2026NORD CAPITAL PARTENAIRESLE PETIT SOUKFRANCEHome & DIY
01/2026UI INVESTISSEMENTMAISON ALSACIENNE DE BISCUITERIEFRANCEFine Food / Organic
12/2025APOLLO GLOBAL MANAGEMENTPROSOLFRANCEGeneral Grocery
07/2025NEWPRINCES GROUPCARREFOUR ITALIAITALYGeneral Grocery
07/2025OUEST CROISSANCE / MULTICROISSANCE / OCÉAN PARTICIPATIONSEASY CASHFRANCESecond-hand Goods
05/2025ODDO BHFBRICONORDFRANCEHome & DIY

REFERENCES

Valuation range: EV 500M - 1.5b USD

Revenue range: 150M - 250M USD

EBITDA range: 50M - 100M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EUROPEAN WAX CENTER by GENERAL ATLANTIC are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: european wax center

Acquirer: general atlantic