Jamf, the Minneapolis-based company specialising in managing and securing Apple devices in enterprise, education, and government environments, has agreed to be acquired by Francisco Partners in a deal valued at approximately $2.2bn.
The all-cash transaction represents a 50% premium to the company’s 90-day volume-weighted average share price prior to 11 September 2025.
Under the agreement, Jamf will transition to a privately held company, retaining its brand and headquarters in Minneapolis. The transaction has been unanimously approved by Jamf’s board and is expected to close in the first quarter of 2026, subject to stockholder and regulatory approvals. Vista Equity Partners, which currently owns a 34% stake, will exit its investment upon completion.
Jamf CEO John Strosahl said the deal will provide “greater financial flexibility and strategic alignment to accelerate growth, expand through innovation and M&A, and strengthen market leadership.” Francisco Partners sees “tremendous opportunity” to grow Jamf’s platform and broaden its suite of secure products for enterprise Apple deployments.
Financially, Jamf expects its Q3 2025 results to exceed the high end of guidance, with revenue projected between $176m–$178m and non-GAAP operating income of $41.5m–$42.5m.
Citi served as exclusive financial advisor to Jamf, with Kirkland & Ellis LLP providing legal counsel. RBC is lead advisor to Francisco Partners, with Goldman Sachs and Deutsche Bank also advising, and Simpson Thacher + Bartlett acting as legal counsel.
