Julie & Holleman LLP, a top-tier stockholder rights firm, is investigating the proposed $330 million acquisition of European Wax Center, Inc. (NASDAQ: EWCZ) by private equity firm General Atlantic, the company's largest stockholder. Julie & Holleman has already uncovered conflicts of interest and believes the $5.80 per share deal price is too low.
Additional Information
European Wax is the leading franchisor and operator of out-of-home waxing services in the United States. Throughout 2025, the company made substantial progress on its key business priorities, which helped establish a stronger foundation for the future. In November, Chairman and CEO Chris Morris expressed "tremendous optimism" regarding the company's prospects.
Private equity firm General Atlantic — which already owns 40% of the company and has placed multiple people on its board of directors — also appears to have taken note of the company's promise and decided to buy out the rest of the company.
On February 10, 2026, European Wax Center announced that General Atlantic would buy the shares of stock it does not already own for $5.80 per share. The deal is expected to close in mid-2026.
Julie & Holleman, whose attorneys have helped secure hundreds of millions of dollars in prior cases, is pursuing potential legal claims based on the apparent unfairness of the deal. The firm is concerned about conflicts arising from the fact that key insiders are continuing on with the company while public stockholders are being cashed out for a price that may be well below the company's true value.