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Done Deal: Jigsaw24
The ABL Piece
a portfolio company of
Alcuin Capital Partners
£17,000,000
Revolving Line of Credit & Term Loan
IT Solutions & Services
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.
Neither PNC Financial Services UK Ltd. nor PNC Bank Canada Branch provides legal, tax or accounting advice.
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