European Amber Center's stock price soars due to the privatization deal of General Atlantic

LootboxPhobia · 2026-02-12T06:41:35+00:00

European Amber Center's stock price rose 43.3% as the company reached a cash privatization agreement with General Atlantic, with a transaction value of approximately $330 million. Shareholders will receive $5.80 in cash per share. The deal is subject to shareholder and regulatory approval, with completion expected by mid-2026.

LootboxPhobia

2026-02-12 06:41:35

Abstract generation in progress

Investing.com – European Wax Center Inc (NASDAQ:EWCZ) saw its stock surge 43.3% on Tuesday after the company announced it had reached a definitive agreement with General Atlantic to go private through a all-cash transaction valued at approximately $330 million.

Under the terms of the agreement, General Atlantic will acquire all outstanding Class A common shares not already owned. Shareholders will receive $5.80 per share in cash, a 45% premium over European Wax Center’s closing price on February 9, 2026, and a 51% premium over its 90-day volume-weighted average price.

General Atlantic currently owns about 42% of European Wax Center’s outstanding common stock and has been a strategic partner since its initial investment in 2018. The transaction has been unanimously approved by the special committee of the European Wax Center board of directors, which is composed entirely of independent directors.

The deal is expected to close in mid-2026, subject to approval by a majority of shareholders unaffiliated with General Atlantic and regulatory approvals. Upon completion, European Wax Center will become a privately held company, and its Class A common shares will no longer be publicly traded.

European Wax Center is a leading non-family owned franchise and operator of waxing services in the United States, with over 23 million services provided annually.

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