Done Deal: Jigsaw24

The ABL Piece

 

FairWarning logo

a portfolio company of

Alcuin Capital Partners

£17,000,000

Revolving Line of Credit & Term Loan

IT Solutions & Services Provider

Financing Event: Acquisition
PNC Deal Leader: Steve Buckmaster

The Company: Leading Apple Authorised Reseller

With a customer base in excess of 25,000, Nottingham headquartered Jigsaw24 is the UK’s leading IT solutions provider to creative organisations and counts News UK and The Guardian amongst its client base. 

The company was the UK's first Apple Authorised Enterprise Reseller and one of only 14 Apple Solution Experts for education.

The Deal: Growth

Jigsaw24 has invested extensively in recent years to grow its customer base across large businesses, creative professionals, media companies and education, as well as expanding its IT services solutions capability.

The Achievement: The ABL Piece

PNC supported the acquisition of the company by Alcuin Capital Partners, with the facility providing ongoing headroom for growth as all the pieces now fall into place for the company to continue along its growth trajectory.

John Hughes, Chief Operating Officer, Jigsaw24, said: “We started working with PNC quite late on in the process of the acquisition. They reacted very quickly and were very professional. The speed of their decision-making and implementation was hugely impressive.

Jigsaw24 started working with PNC quite late on in the process of the acquisition. They reacted very quickly and were very professional. The speed of their decision making and implementation was hugely impressive.

John Hughes | Chief Operating Officer, Jigsaw24

Important Legal Disclosures & Information

*A portion of the funding provided by Steel City Capital Funding, a division of PNC Bank. Steel City Capital Funding provides Cash flow-based senior debt, junior secured and second lien loans for sponsored and non-sponsored transactions. 

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