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Private equity firm Francisco Partners has agreed to acquire Jamf (NASDAQ: JAMF), a leading Apple device management software provider, in a $2.2 billion all-cash deal, sending Jamf’s shares up more than 15% in premarket trading. The transaction values Jamf at $13.05 per share, representing a 24% premium to its September 11 closing price, just before reports of the potential sale surfaced.
Current majority owner Vista Equity Partners, which first invested in 2017 and holds about 34% of Jamf, will fully exit its position once the transaction closes. Despite 15% year-over-year revenue growth to $176.5 million in the second quarter and raised annual guidance, Jamf has struggled to achieve consistent profitability since its 2020 IPO.
The Minneapolis-based firm provides remote device management and security solutions for Apple products, including MacBooks, iPads, and iPhones, serving enterprise clients across the globe. Citi is acting as Jamf’s exclusive financial adviser, and the deal is expected to close in the first quarter of 2026.
Source: Reuters
