Francisco Partners has agreed to acquire Jamf for $2.2 billion in an all-cash deal, reflecting strong investor confidence in the demand for Apple device management solutions.

Target Information

Jamf (NASDAQ: JAMF), a prominent Apple device management software provider, has entered into an agreement with private equity firm Francisco Partners for a comprehensive acquisition valued at $2.2 billion in an all-cash transaction. This agreement led to a significant increase of over 15% in Jamf’s stock price during premarket trading. The acquisition price is set at $13.05 per share, representing a substantial 24% premium over its closing price on September 11, just before the news of the potential sale emerged.

Currently, Jamf is under the majority ownership of Vista Equity Partners, which invested in the company in 2017 and holds approximately 34% of its shares. Following the completion of this acquisition, Vista is set to fully exit its investment. Despite showing a year-over-year revenue growth of 15%, reaching $176.5 million in the second quarter, Jamf has faced challenges in attaining consistent profitability since going public in 2020.

Industry Overview

In the United States, the demand for Apple device management solutions has been steadily rising, driven by the increasing adoption of Apple products in corporate settings. As organizations seek to streamline operations and e