European Wax Center’s $96,7 Common Stock Offering

Latham & Watkins represented the underwriters in the offering.

European Wax Center, Inc. (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, closed on May 24, 2022 a public offering of 4,500,000 shares of its Class A common stock by selling stockholders, including stockholders affiliated with General Atlantic, L.P. (the “Selling Stockholders”), at a price to the public of US$21.50 per share. In addition, the underwriters exercised their option to purchase a total of 675,000 additional shares of Class A common stock from the Selling Stockholders at a price to the public of US$21.50 per share, less underwriting discounts and commissions. The Company will not receive any proceeds from the sale of the shares being offered by the Selling Stockholders.

Morgan Stanley, BofA Securities and Jefferies acted as the joint book-running managers and underwriters for the offering. Citigroup, Guggenheim Securities, Truist Securities and Baird served as bookrunners for the offering. Telsey Advisory Group, Academy Securities, Penserra Securities LLC and R. Seelaus & Co., LLC served as co-managers for the offering.

European Wax Center, Inc. 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, Inc. and themselves.

Latham & Watkins represented the underwriters in the offering with a corporate team led by partners Marc Jaffe (Picture), Ian Schuman, and Alison Haggerty, with associates Shawn Quinn, Alexandra Kustra, and Kevin Zhang. Advice was also provided on tax matters by partner Jocelyn Noll, with associate Ted Gkoo; on benefits & compensation matters by partner Bradd Williamson, with associate Max Raskin; and on IP matters by partner Jeffrey Tochner.

Involved fees earner: Ted Gkoo – Latham & Watkins; Alison Haggerty – Latham & Watkins; Marc Jaffe – Latham & Watkins; Alexandra Kustra – Latham & Watkins; Jocelyn Noll – Latham & Watkins; Shawn Quinn – Latham & Watkins; Max Raskin – Latham & Watkins; Ian Schuman – Latham & Watkins; Jeffrey Tochner – Latham & Watkins; Bradd Williamson – Latham & Watkins; Kevin Zhang – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Academy Securities; Baird Capital Partners; Bank of America Securities; Citigroup Inc.; Guggenheim Securities; Morgan Stanley; Penserra Securities; R. Seelaus & Co.; Telsey Advisory Group LLC; Truist Securities Inc. ;