Financing Event: Acquisition
PNC Deal Leader: Steve Buckmaster
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.
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.
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
*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.
Neither PNC Financial Services UK Ltd. nor PNC Bank Canada Branch provides legal, tax or accounting advice.
Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.
©2023 The PNC Financial Services Group, Inc. All Rights Reserved.