Jamf jumps after it confirms deal to go private in $2.2B transaction

[Flat Lay of different apple products on a grey background.]
Shahid Jamil

Jamf (JAMF [https://seekingalpha.com/symbol/JAMF]) shares jumped 15% in premarket trading on Wednesday after it confirmed that it had agreed to a deal with private equity firm Francisco Partners to be acquired for $2.2B.

Under terms of the agreement, Francisco Partners will purchase all the outstanding shares of Jamf common stock at $13.05 per share, all in cash. That is roughly a 50% premium over the volume weighted average closing share price for the 90 days prior to Sept. 11, 2025, when reports first emerged [https://seekingalpha.com/news/4494552-jamf-seesaws-on-report-its-exploring-a-sale] the company was exploring a sale.

Jamf CEO John Strosahl said the deal to bring the company private will “provide greater financial flexibility and strategic alignment to accelerate growth, expand through innovation and M&A, and strengthen our market leadership.”

Jamf provides enterprise support for Apple (AAPL [https://seekingalpha.com/symbol/AAPL]) devices.

“We have long admired Jamf and its commitment to providing customers with best-in-class products that are absolutely beloved in the Apple community,” said Francisco Partners executives Brian Decker and Karl Shum in a statement [https://seekingalpha.com/pr/20283828-jamf-enters-into-definitive-agreement-to-be-acquired-by-francisco-partners-in-2_2-billion].

Private equity firm Vista Equity Partners, which owns 34% of Jamf and was instrumental in its 2020 initial public offering, said it has agreed to vote in favor of the deal. As part of the deal, Vista will end its investment in Jamf. Former Jamf CEO and current CEO Strosahl, who own 1.1% and 0.2% of Jamf, also said they will vote in favor of the deal.

The deal is expected to close in the first-quarter of 2026, and is subject to customary closing conditions, including approval by Jamf stockholders and regulatory approvals.

Citi is serving as financial advisor to Jamf, while law firm Kirkland & Ellis LLP is acting as legal counsel. RBC Capital Markets is serving as lead financial advisor to Francisco Partners, while Goldman Sachs and Deutsche Bank also serve as advisors. Simpson Thacher & Bartlett LLP is serving as legal counsel to the private equity firm.

In conjunction with the deal, Jamf said it had canceled its upcoming third-quarter earnings call and will release the results after the close of trading on Nov. 10. The company added that it expects to exceed the high end of its previously issued guidance, when it forecast revenue between $176M and $178M and adjusted operating income of $41.5M to $42.5M.

MORE ON JAMF HOLDING

* Jamf: Great Growth At A Reasonable Price As Security ARR Grows [https://seekingalpha.com/article/4820923-jamf-great-growth-at-a-reasonable-price-as-security-arr-grows]
* Jamf Holding Corp. (JAMF) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4811304-jamf-holding-corp-jamf-q2-2025-earnings-call-transcript]
* Jamf seesaws on report it's exploring a sale [https://seekingalpha.com/news/4494552-jamf-seesaws-on-report-its-exploring-a-sale]
* Jamf raises 2025 revenue outlook to up to $704M amid strong platform adoption and AI investments [https://seekingalpha.com/news/4482768-jamf-raises-2025-revenue-outlook-to-up-to-704m-amid-strong-platform-adoption-and-ai]
* Seeking Alpha’s Quant Rating on Jamf Holding [https://seekingalpha.com/symbol/JAMF/ratings/quant-ratings]