M&A · Tech · Services-Prepackaged Software
Francisco Partners to acquire Jamf Holding Corp.
Announced Oct 29, 2025 · Closed Feb 2, 2026
Deal value$2.20BEV $1.62B
Premium17.0%To unaffected price
EV / Adj. EBITDA—2.4x EV / Revenue
ConsiderationAll cash$13.05 per share
Transaction
- Acquirer
- Francisco Partners
- Target
- Jamf Holding Corp. (JAMF)
- Buyer type
- Private equity
- Offer price per share
- $13.05
- Enterprise value
- $1.62B
- Status
- Closed Feb 2, 2026
Deal protections
- Break fee (target pays)
- $68.1M · 3.1%
- Reverse fee (buyer pays)
- $136M · 6.2%
- Go-shop
- No-shop
- Financing
- Committed · Citigroup
Advisors
- To the acquirer
- RBC Capital Markets
- To the target
- Citigroup
- Citigroup fee
- $32.0M
Sector context · Tech
- Comparable deals
- 65 in the prior 24 months
- Premium
- 17.0% vs. 37.0% sector median
- EV / Adj. EBITDA
- Sector median 16.7x
- Break fee
- 3.1% vs. 3.0% sector median
Timeline
- AnnouncedOct 29, 2025
- Proxy filedNov 28, 2025
- Definitive proxyDec 10, 2025
- Shareholder voteJan 8, 2026
- ClosedJan 30, 2026
Valuation · fairness opinions
Trading comparables$6.75$22.00
Trading comparables$7.00$24.00
Trading comparables$8.50$24.50
Trading comparables$9.00$25.00
Trading comparables$9.00$13.50
Offer $13.05
Implied value per Jamf Holding Corp. share by analysis, from Citigroup.