Francisco Partners to buy Jamf for $2.2B at $13.05 a share in Q1.

Jamf has agreed to be taken private in a deal valued at $2.2 billion, with Francisco Partners offering $13.05 per share in cash. The transaction, announced late October, values Jamf at roughly a 50% premium to its 90‑day volume‑weighted average price before September 11, 2025 and marks another sizeable buyout in enterprise software this year.

The board of Jamf unanimously approved the agreement and the parties expect the transaction to close in Q1 2026, subject to shareholder and regulatory sign‑offs. If the deal completes as planned, Jamf’s common stock will be delisted and the company will operate privately out of its Minneapolis headquarters.

Management framed the move as a way to accelerate product investment and strategic M&A. CEO John Strosahl said moving off the public markets will provide more “financial flexibility and strategic alignment” to expand the company’s footprint in Apple device management and security. Francisco Partners’ team — represented in commentary by Brian Decker, Karl Shum and Cherry Zou — highlighted Jamf’s strong position in an Apple‑centric niche and said the firm plans to back growth and R&D.

From an ownership perspective, private equity investor Vista Equity Partners (which owned roughly 34.0% of Jamf at the end of October), alongside insiders including former CEO Dean Hager and Mr Strosahl, have agreed to vote in favour of the transaction. Vista has confirmed it will end its investment on closing.

Jamf sits at the intersection of endpoint management, security and Apple enterprise support — a segment of the broader unified endpoint management (UEM) and enterprise mobility market that has expanded with hybrid working and stricter device security rules. Analysts estimate the UEM/EMM market has been growing in double digits annually, with demand for Apple‑specific tooling remaining robust as organisations standardise on iOS and macOS fleets.

The deal follows a steady flow of mid‑to‑large take‑privates in software as private capital seeks stable recurring revenue and product platforms to scale. For Jamf, private ownership under a tech‑focused buyer could accelerate M&A activity and longer‑term product investments that are harder to pursue under quarterly public market pressures. Risks include regulatory approval timing and the integration of any future bolt‑on acquisitions.