Shoosmiths partner advises on NorthEdge’s acquisition of Jigsaw24 stake

Shoosmiths’ Shaun McCabe has acted as part of a team of experts advising on NorthEdge Capital’s acquisition of a majority stake in Jigsaw24.

Partner and banking specialist McCabe advised Nottingham-based Lloyds Corporate bank and Lloyds Commercial finance on the provision of senior debt and invoice finance facilities to NorthEdge to fund the acquisition and working capital.

NorthEdge Capital, an independently owned equity house targeting businesses in the north of England, took a majority stake in the £60m-turnover business — a broadcast kit and IT provider headquartered in Nottingham with a service operation at MediaCity.

Cooper Parry and Transend provided corporate finance advice. Deloitte and PwC provided due diligence to NorthEdge and management.