Adriana Lima splits from husband Marko Jaric

Adriana Lima and the father of her two children Marko Jaric have split.

The Victoria's Secret model and former NBA player Marko have released a joined statement confirming that they have decided to go their separate ways after five years of marriage.

"After long and careful consideration, we have decided to separate after five years of marriage," the couple told PEOPLE. "We are grateful to be the parents of two incredible young daughters that we will continue to co-parent.

Adriana Lima and Marko Jaric

"We would greatly appreciate your respect for our family's privacy as we begin this delicate next chapter for all members of our family."

Adriana, 32, met 35-year-old Serbian native Jaric back in 2006 at a party in LA.

In 2009, on the Brazilian beauty's 27th birthday, the pair became engaged and later eloped.

Adriana Lima and Marko Jaric

The couple said 'I do' in a private ceremony held in Jackson Hole, Wyoming, on Valentine's Day.

Marital bliss came as a surprise to Adriana, who previously said "I never saw myself being married. But after I met him everything changed."

The duo have daughters Valentina, four, and 19-month-old Sienna.

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