Weil is advising PSG Equity L.L.C. in its growth equity investment in HeroDevs, Inc., a developer of open-source software designed to offer web development services. As part of the transaction, HeroDevs is allocating $20 million to the HeroDevs Open Source Sustainability Fund, aimed at supporting maintainers and projects aligned with responsible end-of-life software practices.

The investment, one of the largest in Utah this year, will enable HeroDevs to scale its efforts to secure and modernize legacy enterprise systems while ensuring ongoing compliance and protection.

The Weil team was led by Private Equity partner David Gail and included Private Equity associates Madeleine Carpenter, Patrick Hosch and Sam Rosenbloom; Banking & Finance partner Benton Lewis and associate Katharine Pacoli; Executive Compensation & Benefits partner Jennifer Britz and associate Emily Warren; Employment partner Peter Mee and associate Sidney Parodie; U.S. Privacy & Cybersecurity Head Olivia Greer; Technology & IP Transactions partner Max Scott and associates Jeeyoon Chung and Kristen Pavlounis; and Tax partner Jonathan Macke and associate Josh Schonfeld.