Mark-Paul Gosselaar Is Engaged

Mark-Paul Gosselaar Engaged to Catriona McGinn
Mark-Paul Gosselaar and Catriona McGinn
Michael Bezjian/WireImage

updated 08/10/2011 AT 07:30 PM EDT

originally published 08/10/2011 AT 03:30 PM EDT

Mark-Paul Gosselaar has found a new love and is getting married to advertising executive Catriona McGinn, PEOPLE has exclusively learned.

Gosselaar, 36, whose divorce from Lisa Ann Russell was finalized in May, proposed recently with a 5 carat cushion-cut diamond ring, custom designed by his friend, jeweler Neil Lane.

"He couldn't wait to propose," Lane tells PEOPLE. "He was so excited to have found the woman of his dreams."

The former star of Saved by the Bell and current star of Franklin & Bash has two children, son Michael, 7, and daughter Ava, 5, from his marriage to Russell.

No wedding date has been set.
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