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.
Turnover of £1.69m in YE20 with an EBITDA of £628k. YE21 forecast turnover of £1.7m. Offers a comprehensive range of services to help clients build and position their brands, engage with their customers and drive their internal objectives. Captures a...
LEASEHOLD
Offers a first-class service in smart meter installations. Has completed over 500,000 meter installations at a completion rate of 85%, higher than the national average. Has the experience required to manage complex projects for clients and boasts a s...
RELOCATABLE
A highly reputable business operating for over four years and on an international basis. Provides comprehensive drop shipping services and helps clients across the world succeed in the e-commerce sector.
RELOCATABLE
|
07
|
|
May
|
Kerv makes fifth acquisition with cloudThing takeover | BUSINESS SALE
Managed services provider Kerv Group has completed the acqui...
|
06
|
|
May
|
Business travel firm acquires Leeds-based counterpart as sector eyes recovery | BUSINESS SALE
Business travel management firm Good Travel Management has a...
|
05
|
|
May
|
Software company to be acquired at 11.5x multiple | BUSINESS SALE
Listed software firm Proactis Holdings has agreed to be acqu...
Sign up to receive our acquisition alert emails to get your FREE guide
|
25
|
|
Aug
|
Coventry-based bus company enters administration | ADMINISTRATION
Coventry-based bus operator Travel de Courcey has entered ad...
|
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...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources