Deal Details

European Wax Center Completes $158 Million Follow-On Offering

Consumer

European Wax Center follow-on offering

Summary

European Wax Center, Inc. (“European Wax Center” or the “Company”) (NASDAQ: EWCZ), a portfolio company of General Atlantic, recently completed a follow-on offering of 5,999,523 shares of Class A common stock, including 782,546 shares sold pursuant to the underwriters’ overallotment option, at a price of $26.25 per share, generating gross proceeds of approximately $157.5 million. The Company did not receive any proceeds from the shares sold by the selling stockholders.

Baird served as a bookrunner on this offering.

About

European Wax Center is a leading personal care franchise brand founded in 2004. The Company offers expert wax services from certified Wax Specialists, ensuring that every guest who walks through the door leaves feeling confident—in European Wax Center and themselves. European Wax Center provides guests with a first class, professional waxing experience by the most highly trained estheticians in the industry, within the privacy of clean, individual waxing suites. European Wax Center continues to revolutionize the waxing category through innovation. To help enhance and extend waxing services after leaving the center, European Wax Center offers a full collection of proprietary products in the skincare, body, and brow categories. The Company’s network currently includes 833 centers in the United States. European Wax Center is headquartered in Plano, Texas.

General Atlantic is a leading global growth equity firm providing capital and strategic support for over 440 growth companies throughout its history. General Atlantic combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with entrepreneurs and management teams to scale innovative businesses. General Atlantic currently has over $78 billion in assets under management and more than 220 investment professionals.

Consumer

European Wax Center follow-on offering