M&A - Jamf Holding Corp.

Form Type: 8-K

Filing Date: 2025-05-27

Corporate Action: Acquisition

Type: New

Accession Number: 000162828025027919

Filing Summary: On May 21, 2025, Jamf Holding Corp. entered into an Incremental Facility Amendment No. 1 with JPMorgan Chase Bank, amending its existing Credit Agreement to provide a new term loan facility of $400 million. The proceeds will be used to finance the deferred purchase price related to the acquisition of Identity Automation Systems, LLC, as well as to repurchase convertible senior notes due 2026 and for general corporate purposes. The new facility includes amortization payments and various applicable interest rates based on leverage ratios, with a maturity date set for May 3, 2029. This filing indicates a significant financial maneuver to support Jamf's strategic acquisition and manage existing debt obligations.

Form Type: 8-K

Filing Date: 2025-04-02

Corporate Action: Acquisition

Type: New

Accession Number: 000162828025016191

Filing Summary: On April 1, 2025, Jamf Holding Corp. announced the completion of an acquisition as part of a Unit Purchase Agreement entered into on March 3, 2025, with JAMF Software, LLC and sellers from Identity Automation Systems, LLC. The agreement involved the sale of all membership interests of Identity Automation to Jamf's subsidiary, Buyer. The transaction was finalized on April 1, 2025, and the company released a press announcement regarding this completion on the same day, detailing the significance of this acquisition for Jamf.

Form Type: 8-K

Filing Date: 2025-03-04

Corporate Action: Acquisition

Type: New

Accession Number: 000162828025009863

Filing Summary: On March 3, 2025, Jamf Holding Corp. entered into a Unit Purchase Agreement to acquire all membership interests of Identity Automation Systems, LLC for $215.0 million in cash, with certain adjustments. The transaction includes an immediate cash payment component and an additional payment of $40.0 million due by October 1, 2025. The agreement stipulates that Jamf will also provide at least $10.0 million in restricted stock units to continuing employees of Identity Automation after closing. Additionally, $1.0 million of the Purchase Price is subject to escrow for potential post-closing adjustments. The closing is contingent upon customary conditions including antitrust approval and adherence to all agreed representations and covenants. The Purchase Agreement includes customary termination rights, allowing either party to exit if the transaction is not closed by May 30, 2025. Jamf has also obtained representation and warranty insurance to cover potential breaches of the agreement.