General Atlantic to Acquire European Wax Center for $5.80

European Wax Center, Inc. has filed a preliminary proxy statement for a special stockholder meeting to vote on a merger agreement dated February 9, 2026. The transaction is structured through affiliates of General Atlantic, L.P., including Glow Midco, LLC as parent and two merger subsidiaries.

Under the agreement, each share of European Wax Center Class A common stock is cancelled and converted into the right to receive cash equal to $5.80 per share at the effective time of the corporate merger. The filing also describes a parallel LLC merger in which Merger Sub LLC merges with and into EWC Ventures, LLC, with Opco surviving.

The proxy states that certain affiliated investment funds of General Atlantic hold approximately 42% of the voting power of European Wax Center’s outstanding capital stock.