MBO completed at Nottingham IT supplier

Wed, 07 Mar 2018 | MBO/MBI

A Nottingham-based firm that provides IT solutions to a range of organisations has successfully changed ownership after a secondary management buy-out (MBO) was carried out.

Jigsaw24 provides many technological services to the corporate, creative and education sectors, as well as being a licensed installer and reseller of Apple, Adobe and Avid products.

The company has worked with firms including Barclays, Disney, Channel 4, BBC Sport and News UK since it was founded over 25 years ago. As a result Jigsaw24 has enjoyed a sales growth of over 120 per cent, racking up £125 million in the year up to May 2017, thanks to the stewardship of its former owners NorthEdge Capital.

Through a secondary MBO, NorthEdge have sold the IT firm onto private equity firm Alcuin Capital Partners, spearheaded by a management team led by Jigsaw24 managing director and founder Roger Whittle and its finance and operations director John Hughes.

NorthEdge first backed Jigsaw24 in April 2013, backing a team lead by outgoing chief executive Martin Balaam and enabling the firm to grow to meet burgeoning demand for creative technology in the corporate world.

Balaam described his time at Jigsaw24 as “an incredible five years”, and thanked his management team, partners and NorthEdge for its support. He will exit the firm along with NorthEdge.

Balaam added: “We are only at the start of the adoption of Apple and creative technology not only within the Creative Industry but also the broader Commercial & Enterprise business as “mobile first” is now reality and businesses have digital transformation at the top of their strategies.”

The deal was carried out with the support of Alcuin and PNC Financial Services.


Share this article



Latest Businesses for Sale

Fibre Optic & IT Cabling Solutions
South East, UK

Designs, supplies and installs fibre optic and IT cabling solutions for clients throughout the UK and Europe. Offers electrical, structured cabling and network/Wi-Fi solutions, AV equipment and LAN/ethernet, in addition to project management, consult...

Asking Price: Offers Invited
Turnover: £2,247,561

LEASEHOLD


Telecoms & IT Services Provider
London, UK

An opportunity to acquire a UK-based telecoms and IT multi-layered services provider delivering leading edge services to contracted telecoms partners. Successful model operating for over 17 years, in 3 different countries. Significant professional fr...

Asking Price: Offers Invited
Turnover: £2,700,000

Integrated Gas Chromatography Solutions
Aberdeenshire, Scotland, UK

Offers innovative solutions to optimise gas chromatography, including consultancy and training services, in addition to supplying condition-based monitoring software to clients in the upstream oil and gas sector. Operates from leasehold premises in S...

Asking Price: Offers Invited
Turnover: £733,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
14
 
Jul
 

Huddersfield retail park acquired out of administration | COMMERCIAL PROPERTY

Huddersfield’s Gallagher Retail Park has been acquired...

 
14
 
Jul
 

Directors of distressed companies get more breathing space | BUSINESS NEWS

The temporary suspension of wrongful trading provisions intr...

 
13
 
Jul
 

Yorkshire retailer Peter Jones enters administration | ADMINISTRATION

Well-known Wakefield-based retailer Peter Jones has entered ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
14
 
Oct
 

PE firm snaps up independent video game firm | BUSINESS SALE

Private equity firm NorthEdge Capital has successfully acqui...

 
20
 
Mar
 

Warrington construction company enters administration | ADMINISTRATION

A prominent construction business headquartered in Orford Gr...

 
22
 
Jun
 

Offers invited for sale of luxury spa in Bath | BUSINESS SALE

The Green Street House spa in Bath is set to close, allowing...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources