{"id":95472,"date":"2026-08-19T09:54:15","date_gmt":"2026-08-19T13:54:15","guid":{"rendered":"https:\/\/hedgeco.net\/news\/08\/2026\/francisco-partners-takes-weave-private-at-7-40-a-650-million-equity-check.html"},"modified":"2026-08-19T09:54:15","modified_gmt":"2026-08-19T13:54:15","slug":"francisco-partners-takes-weave-private-at-7-40-a-650-million-equity-check","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2026\/francisco-partners-takes-weave-private-at-7-40-a-650-million-equity-check.html","title":{"rendered":"Francisco Partners Takes Weave Private at $7.40, a $650 Million Equity Check:"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2026\/08\/2026-08-19-weave-hero.jpg\" alt=\"Francisco Partners Takes Weave Private at $7.40, a $650 Million Equity Check:\" \/><\/p>\n<p>HedgeCo.Net \u2014 Weave Communications (NYSE: WEAV) and Francisco Partners announced a definitive all-cash agreement on August 18 for Francisco Partners to acquire Weave at $7.40 a share, an approximately 34% premium to the August 17 close. The companies put the aggregate equity valuation at about $650 million. That is equity value, not enterprise value. The board approved the deal unanimously. Close is targeted for the fourth quarter of 2026, subject to stockholder and regulatory approvals.<\/p>\n<p>Weave, founded in 2008, is an AI-powered patient-engagement and payments platform for healthcare practices. It will keep the Weave name and its Lehi, Utah headquarters after close. More than 40,000 customer locations sit on the platform. As of the agreement date, no executive has agreed to roll equity, invest alongside Francisco Partners, or take an equity interest in the surviving company. Jefferies advised Weave. Kirkland &#038; Ellis advised Francisco Partners.<\/p>\n<p>A take-private with no management rollover is the allocator fact. The cash is $7.40 a share if the deal closes. The operating team has not, on the disclosed agreement date, committed capital next to the sponsor. That is cleaner for public holders who want a full cash exit. It is also a signal that the sponsor is not buying a locked-in management co-invest at signing.<\/p>\n<p>For private-equity LPs the diligence is the vertical, not the premium. A 34% cash markup on an unaffected close is the public-market print. The book is healthcare practice software\u2014communications, scheduling, and payments\u2014at more than 40,000 locations. The fourth-quarter 2026 close still needs a stockholder vote and regulatory clearance. Until those land, WEAV remains a listed company with a signed merger agreement, not a Francisco Partners portfolio company.<\/p>\n<p>The second-order read is how tech sponsors are taking vertical healthcare software private without a signed management rollover. Francisco Partners is buying the equity. It is not announcing a C-suite co-invest. Allocators should mark the $650 million as equity valuation and wait for the vote, not treat the premium as a completed take-private or recast the check as enterprise value.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HedgeCo.Net \u2014 Weave Communications (NYSE: WEAV) and Francisco Partners announced a definitive all-cash agreement on August 18 for Francisco Partners to acquire Weave at $7.40 a sha\u2026 <a class=\"continue_reading_link btn btn-mini\" href=\"https:\/\/hedgeco.net\/news\/08\/2026\/francisco-partners-takes-weave-private-at-7-40-a-650-million-equity-check.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":95471,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[19027,19030,18870,19031,19029,19028],"class_list":["post-95472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-private-equity","tag-francisco-partners","tag-healthcare-software","tag-take-private","tag-vertical-saas","tag-weav","tag-weave-communications"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/95472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=95472"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/95472\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media\/95471"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=95472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=95472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=95472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}