PE Firm Catalyst Buys Stake In Wedding Website For $11M

Law360, New York (December 16, 2011, 6:45 PM EST) -- Private equity firm Catalyst Investors has taken a prominent stake in online wedding marketplace WeddingWire Inc., buying out Martha Stewart Living Omnimedia Inc. for $11 million, WeddingWire announced Friday.

Growth investor Catalyst is now the largest nonfounder shareholder in WeddingWire, acquiring 8.4 million shares of Series A preferred stock from Martha Stewart Living, according to WeddingWire’s recent 8-K filing. The private equity firm is appointing two partners to the technology company’s board to help steer its continued expansion.

“WeddingWire is a very attractive investment opportunity," Catalyst...
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