Wedgewood Weddings Sold to TJC
Deal News | Jun 24, 2025 | Prospect Partners LLC
Prospect Partners LLC, a prominent private equity firm, announced the sale of its majority stake in Wedgewood Weddings to TJC, L.P. The transaction marks a divestment as Prospect exits its investment in Wedgewood, a company known for its superior wedding planning and venue management services. TJC's acquisition is anticipated to strengthen Wedgewood’s market positioning and expand its operational capabilities. The deal is a strategic decision by Prospect Partners to capitalize on the success and growth achieved during their ownership and to recalibrate their investment portfolio.
Sectors
- Private Equity
- Events Management
Geography
- United States – Prospect Partners is based in Chicago, Illinois, and the transaction involves an American company, Wedgewood Weddings.
Industry
- Private Equity – The article involves Prospect Partners, a private equity firm, exiting an investment.
- Events Management – Wedgewood Weddings is a company specializing in wedding planning and venue management.
Financials
- Not Disclosed – The financial terms of the transaction between Prospect Partners and TJC were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Prospect Partners LLC | Selling Company | Company | A leading private equity firm investing in pre-middle market companies. |
| Wedgewood Weddings | Target Company | Company | Company specializing in wedding planning and venue management services. |
| TJC, L.P. | Bidding Company | Company | The firm that acquired Wedgewood Weddings from Prospect Partners. |