GlobeNewswirePLANO, Texas, Feb. 10, 2026 (GLOBE NEWSWIRE) — European Wax Center, Inc. (EWCZ) (the “Company” or “European Wax Center”), a leading franchisor and operator of out-of-home waxing services in the United States, today announced that it has entered into a definitive agreement to be taken private by General Atlantic, a leading global investor, in an all-cash transaction with an implied equity value of approximately $330 million.

General Atlantic has been a strategic partner to the Company since its initial investment in 2018 and is currently the beneficial owner of approximately 42% of the Company’s outstanding shares of the Company’s common stock.

Under the terms of the agreement, General Atlantic will acquire 100% of the outstanding shares of class A common stock that it does not already own. European Wax Center stockholders (other than affiliates of General Atlantic) will receive $5.80 per share in cash for each share of European Wax Center class A common stock they own. The purchase price represents a 45% premium to European Wax Center’s closing stock price on February 9, 2026, the last full trading day prior to the transaction announcement, and a 51% premium to the Company’s 90-day volume-weighted average share price for the period ended February 9, 2026.