European Wax Center to go private in $330M all-cash deal; shares up

European Wax Center to go private in $330M all-cash deal; shares up

Plano-Based European Wax Center To Be Taken Private by General Atlantic in $330M Deal

Dallas Innovates, Every Day: Here's what's new + next in North Texas. European Wax Center(Nasdaq: EWCZ)—a Plano-based franchisor and operator of more than 1,000 waxing services locations across the U.S.—will be dropping that ticker symbol according to an announcement released today. NYC-based global investor General Atlantic, an existing investor in the company since 2018, is taking the company private in an all-cash deal valued at around $330 m…

European Wax Center To Go Private in $330 Million Deal

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 al…