MKH Capital Partners Launches Wax Center Partners and Acquires 11 European Wax Center Locations

Wax Center Partners Acquires Six European Wax Center Locations in Dallas Metro Area

August 20, 2021

Retail

Wax Center Partners — a platform formed by MKH Capital Partners in partnership with the Stieber European Wax Center franchise — acquired six European Wax Center locations in the Dallas metro area (Allen, Arlington, Fort Worth, Frisco, Las Colinas, and Mansfield). The add-on expands Wax Center Partners' footprint to 18 centers and reflects the platform's strategy of growth through both new development and acquisitions.

Wax Center Partners Acquires Four European Wax Center Locations in Las Vegas

December 1, 2021

Retail

Wax Center Partners (WCP), a European Wax Center platform backed by MKH Capital Partners, acquired four European Wax Center locations in the Las Vegas area (Centennial Hills, Henderson, Rainbow and Summerlin). The transaction expands WCP’s footprint into Nevada and adds to the platform’s multi-state roll-up of EWC franchise centers as it continues pursuing new development and acquisition opportunities.

Exaltare Capital Management Acquires Uni K Wax

June 6, 2023

Retail

Exaltare Capital Management, a Boston-based private equity firm, acquired UKW Holding Company (Uni K Wax), a franchisor and operator of waxing studios headquartered in Aventura, Florida. Capitala Group provided debt and equity financing for the transaction; Heather Elrod joined as Executive Chair and founder Noemi Grupenmager remains a significant shareholder as the company pursues franchise system expansion.

EP Wealth Advisors Acquires Wacker Wealth Partners

April 2, 2024

Financial Services

EP Wealth Advisors has acquired Wacker Wealth Partners, a San Luis Obispo, California-based registered investment adviser, adding nearly $1.2 billion in assets under management and 22 team members to EP's platform. The Wacker leadership team will join EP in regional roles to expand the firm's presence on California's Central Coast; financial terms were not disclosed.

Prelude Growth Partners Invests $15 Million in The Center

December 8, 2021

Consumer Products

Prelude Growth Partners made a $15 million minority growth equity investment in The Center, a Los Angeles-based multi-brand beauty and wellness platform founded by Ben Bennett. The capital will be used to accelerate expansion of The Center's in-house brands (including Naturium, MAKE Beauty, and Phlur) while Prelude provides operational support and category expertise.

AWAX Group Acquires Sasol Wax GmbH

March 1, 2022

Manufacturing

AWAX s.p.a. has acquired Sasol's European wax business (Sasol Wax GmbH), which will operate as Hywax GmbH effective March 1, 2022. The transaction transfers two production facilities in Hamburg (plus sites in Linz, Austria and Birkenhead, UK) to AWAX as Sasol streamlines its portfolio to focus on core assets.