European Wax Center is stepping off the public stage and back into private hands.
The Plano, Texas-based waxing services chain announced Tuesday that it has agreed to be acquired by longtime investor General Atlantic in an all-cash transaction valued at approximately $330 million — a move that will take the beauty brand private after years on the Nasdaq.
A 45% Premium for Public Shareholders
Under the agreement, General Atlantic will purchase all outstanding Class A common shares it does not already own for $5.80 per share in cash, according to the company’s statement. The offer reflects a 45% premium over Monday’s closing price — the last full trading session before the announcement.
Once the deal closes, expected in mid-2026 and subject to customary closing conditions, European Wax Center will delist its shares from the Nasdaq exchange.
In short: the curtain will fall on its public chapter.
From 2004 Startup to 1,000+ Centers
Founded in 2004, European Wax Center has grown from a single concept into a national network of more than 1,000 franchised and company-operated locations across the United States. The company reported $951 million in sales for 2024.
Beyond its core out-of-home waxing services, the company markets a proprietary line of beauty products spanning skin care, body and eyebrow categories, according to its website.
The brand’s expansion over two decades has made it one of the most recognizable names in specialty personal care — a scale that likely factored into the buyout calculus.
