General Atlantic to Buy Remaining 58% of European Wax Center

General Atlantic Service Company, L.P. has entered into a definitive agreement to acquire the remaining 58% stake in European Wax Center, Inc. The deal is structured as an ownership buyout of the rest of the company rather than a new platform entry.

The transaction is described as an add-on within General Atlantic’s consumer and fitness-wellness investing focus. The announcement does not disclose financial terms.