Francisco Partners Backs PayLease

San Francisco-based private equity firm Francisco Partners has made an investment in online, lease payments firm PayLease. Financial terms of the deal were not annonunced. PayLease said its existing investor, Mainsale Partners--plus its founders and management--will continue to hold an ownership stake in the company. PayLease provides financial services to property managers, allowing them to accept online payments for leases on multi-family, single family, HOA, and commercial property. Francisco Partners was advised by Deutsche Bank Securities and Morris, Manning & Martin, LLP in the transaction. More information »