International legal practice Osborne Clarke has advised private equity firm, Alcuin Capital Partners, on the acquisition of Jigsaw24, a leading provider of IT solutions to the corporate, creative and education sectors. The sellers were NorthEdge Capital.
Based in Nottingham, Jigsaw24 is a B2B reseller, integrator and managed service provider of Apple technology, Adobe and Avid software. The company, which counts Barclays, Disney, Channel 4, BBC Sport and News UK amongst its clients, has achieved sales growth of over 120 per cent under NorthEdge ownership with the support of a 25 year relationship with Apple, and recently announced sales of £125m in May 2017.
The secondary management buyout was led by Jigsaw24 Managing Director & Founder Roger Whittle and Finance & Operations Director John Hughes, with the support of Alcuin and PNC Financial Services. Jigsaw24’s CEO, Martin Balaam, will exit the business with NorthEdge.
The Osborne Clarke team who advised on the transaction was led by Partner Russell Van Praagh. He was supported by Senior Associate Sarah Crabtree and Associate Seamus McKimm from the Corporate team, Legal Director Rebecca Scott and Associate Laura Hanley in the Banking team and Legal Director David Nisbet and Associate Hugo Holmes in the Tax team. Associate Director Olivia Sinfield and Associate Rachael Oakley advised on employment matters.
Osborne Clarke’s corporate team is considered a go-to practice for many companies in the tech, media and comms sector, working with global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.