WeddingWire Secures $350 Million Investment from Permira Funds

On May 22, 2018, WeddingWire, a leading global online marketplace connecting engaged couples with wedding professionals, and Permira, a global private equity firm, announced that they have entered into a definitive agreement whereby a company backed by the Permira funds will invest $350 million in WeddingWire, becoming the company's majority shareholder. Wilson Sonsini Goodrich & Rosati is representing WeddingWire in the transaction.

As part of the transaction, WeddingWire's management team and existing investor Spectrum Equity will maintain a significant minority ownership in the company. The new investment will support WeddingWire as it continues to expand in the U.S. and internationally, launch new innovations, and leverage the industry's ongoing shift to online advertising. The transaction is expected to close by the third quarter of 2018, subject to customary closing conditions, including regulatory review.

The WSGR team representing WeddingWire in the transaction includes:

Mike Ringler
Rich Mullen
Jake Werrett

Adam Bloom
Nikkisha Smith
Peter Wu
Ivan Au

Myra Sutanto Shen

Employee Benefits and Compensation:
Brandon Gantus
Lucericia Messiah
Austin Holt

Technology Transactions:
Manja Sachet
Chi-Fei Wang
Jared Miller
Tiffany Georgievski

Matt Staples

Scott Sher
Jamillia Ferris
Roisin Comerford
Elizabeth Giordano

Real Estate:
James McCann
Lee Cumberland

Martin Sul

Employment Law:
Briza Sanchez
Nedim Novakovic

For additional information, please see WeddingWire's press release.