M&A
confidence high
sentiment neutral
materiality 0.85
European Wax Center to be acquired by General Atlantic for $5.80/share in all-cash deal
European Wax Center, Inc.
- Class A stockholders to receive $5.80 per share in cash; Class B holders receive $0.00001/share.
- Deal financed with $74M debt from HPS Investment Partners and $110M equity commitment from General Atlantic.
- Company pays $6.6M termination fee if it accepts a superior proposal; reverse termination fee of $19M payable by Parent.
- Merger requires majority vote of Class A stockholders and separate disinterested stockholder vote; expected close by Aug 9, 2026.
- GA Stockholders, holding a significant stake, have agreed to support the transaction via a Support Agreement.