– Property Finder raised $90 million in debt financing from Francisco Partners, a technology-focused investment firm with offices in San Francisco, New York, and London.
– The proceeds were used to repurchase BECO Capital’s entire stake, the company’s first institutional investor, with J.P. Morgan and White & Case advising on the transaction.
– CEO Michael Lahyani emphasized the importance of BECO Capital’s early trust and reaffirmed Property Finder’s commitment to driving strong returns in the real estate market.
Property Finder successfully raised $90 million in debt financing and bought back shares from BECO Capital.
Francisco Partners, an investment firm with offices in San Francisco, New York, and London, provided debt financing. The firm specializes in partnering with technology businesses.
Property Finder used the proceeds to complete the buyback of BECO Capital’s entire stake, the first institutional investor in the company. J.P. Morgan and White & Case advised Property Finder on the transaction.
Michael Lahyani, CEO and founder of Property Finder, said: “The trust that the BECO Capital team and Dany Farha invested in us, since backing us 11 years ago, underscores the quality of our operations and the resulting outcomes. Our commitment to the real estate market stands firm, as we aim to continue to drive strong returns for our ecosystem.
“BECO Capital was the first venture capital company to launch in the UAE. It was a key investor in Property Finder’s early-stage funding round. The share buyback program sees BECO Capital exit with a strong return on its investment.
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