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Global law firm Walkers advised Property Finder on buyout of first investor and debut financing provided by Francisco Partners

May 16, 2024

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Walkers acted as British Virgin Islands law counsel to Dubai-based Property Finder, an online real estate platform in the United Arab Emirates, in raising $90 million in debt from Francisco Partners, to finance the buyout of BECO Capital, its first institutional investor.

The transaction represented Francisco Partners' first investment into the UAE and highlights the growing importance of private credit within the Middle East.

Walkers' assistance included support from Walkers' corporate and finance teams on the two distinct elements of the transaction. Walkers' corporate team was led by partner, Daniel Wood, with support from senior associate, Reghard Smith, with the finance team being led by partner, Ciaran Bohnacker, as supported by associate Szymon Durlo.

Ciaran Bohnacker said: "This is a remarkable transaction for Property Finder, and we are pleased to have been able to support them. It has allowed us the opportunity to demonstrate our team's strengths in advising on private credit transactions in the region." 

Media contact

Emily Hirsch

Communications and Digital Marketing Manager - Americas/Cayman Islands

/+1 345 814 6805
/+1 345 936 6805

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