NorthEdge makes Square Group first piece in the Jigsaw24

The deal will enable Nottingham-based Jigsaw24 to increase its presence in London, with a particular focus on the media, entertainment and education sectors. It will also open a flagship support centre in London later this year.

Square Group's management team will remain in place following the acquisition, which will see Jigsaw24's total turnover exceed the £80m mark.

Jigsaw24 supplies Apple products and Adobe software to the creative and education industries.

NorthEdge acquired a majority stake in the company in April last year, with a view to undertaking an organic and acquisitive growth strategy. Capital for the original transaction was drawn from the GP's maiden fund, NorthEdge Capital Fund I, which closed on £225m in the same month.

Company
Founded in 1987, Square Group is a B2B supplier of Apple products, as well as their integration and support services. It has more than 85 employees and achieved Apple accreditation in 1994.

People
Martin Balaam is CEO of Jigsaw24. Tom Rowley is an investment manager at NorthEdge Capital and currently has a seat on the board at Jigsaw24.

Advisers
Company (Jigsaw24) – FieldFisher, Matt Fleetwood (Legal); BDO (Financial due diligence, tax). 

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• NorthEdge Capital