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February 23, 2026
General Atlantic to Acquire European Wax Center

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AI-made summary
- • Paul, Weiss is advising General Atlantic in its all-cash take-private acquisition of European Wax Center, Inc. • General Atlantic will acquire all outstanding shares of Class A common stock it does not already own for $5.80 per share in cash. • The transaction values European Wax Center at approximately $330 million and is expected to close in mid-2026, subject to customary conditions. • The Paul, Weiss team includes partners and counsel from corporate, tax, executive compensation, antitrust, and litigation practices.
Paul, Weiss is advising General Atlantic in its all-cash take-private acquisition of European Wax Center, Inc., a leading franchisor and operator of out-of-home body waxing services in the United States. Under the agreement, General Atlantic, which initially invested in European Wax Center in 2018 and owns 42% of its common stock, will acquire all outstanding shares of Class A common stock that it doesn’t already own. European Wax Center shareholders will receive $5.80 per share in cash for an implied equity value of approximately $330 million. The transaction, announced on February 10, is expected to close in mid-2026, subject to customary closing conditions. The Paul, Weiss team is led by corporate partners Matthew Abbott and Cullen Sinclair, and includes partners Suhan Shim, Charles Pesant, Chris Cummings, Conrad van Loggerenberg and David Sobel, and counsel Bathiya Sheriffdeen and Matthew Burton; tax partner Lindsay Parks; executive compensation partner Jarrett Hoffman; antitrust partner Ross Ferguson and counsel Todd Hahn; and litigation partners Andre Bouchard and Andrew Gordon, and counsel Audrey Paquet.
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