The Telegraph has reported that private equity group NorthEdge Capital is seeking a buyer for the Nottingham-based outfit. It has a 2016 turnover of £86.9 million which is not to be sneezed at.
The report claimed NorthEdge Capital, which bought a majority stake in Jigsaw24 in 2013, has hired Clearwater Corporate Finance to approach buyers for the business.
The Telegraph concluded that a deal is expected to be announced at the end of this year or early next, with the paper’s sources insisting the move was not linked to concerns that Apple iPhone sales had peaked and it products were on a slow slide to oblivion.
Jigsaw24, one of Britian’s largest Apple resellers, has major clients including Channel 4, BBC Sport and News UK.