Monday, June 2, 2014

PayLease Finds Funding From Francisco Partners

San Diego-based PayLease, which provides online payments for the property management industry, has scored a round of private equity funding from Francisco Partners. Size of the investment was not announced. PayLease, which is led by Dave Dutch, lets multi-family, single family, HOA, and commercial property managers accept online payments. PayLease said its existing investor, Mainsale Partners--plus its founders and management--will continue to hold an ownership stake in the company. PayLease was advised by Raymond James & Associates and Wilson, Sonsini, Goodrich & Rosati in the deal; Francisco Partners was advised by Deutsche Bank Securities and Morris, Manning & Martin, LLP. More information »