Latham & Watkins Advises on European Wax Center, Inc.’s Public Offering of Class A Common Stock

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.

Latham & Watkins LLP represented the underwriters in the offering with a corporate team led by partners Marc Jaffe, 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.