Weil has advised General Atlantic on the partial sale of their holding in Property Finder, a leading property portal in the Middle East and North Africa. The investment of $525 million in Property Finder is led by funds advised by Permira with funds managed by Blackstone Growth also investing significant capital into the transaction. General Atlantic, which has been a cornerstone shareholder of Property Finder since 2018, retains a significant minority shareholding. The transaction remains subject to customary approvals.

Permira, Blackstone and General Atlantic are global investors with strong track records in online classifieds, with Weil advising General Atlantic on its original minority investment in Property Finder in 2018 and its investment in the Permira and Blackstone-led take-private of Oslo-listed Adevinta, the global online-classifieds specialist, in 2023.

Property Finder operates the MENA region’s largest and most preferred property portal. The UAE property market, the largest market for Property Finder, is worth c.$160 billion in 2024 and is projected to grow c.13% over the next five years. Property Finder has consistently transformed and improved how people buy, sell, and rent homes in the region through its comprehensive listings inventory, trusted user experience, and suite of innovative products powered by technology and AI.

The Weil team was led by Private Equity partner Max Oppenheimer, assisted by counsel Jack Gray, associates Priya Shah, Melanie Yu and Xavier Khan. The wider team included Antitrust partner Neil Rigby and associate Robert Eyres; and Tax partner Oliver Walker, counsel Eithne Bloice-Sanders and associate Sean Wright.