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The Business Magazine May 2024
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Tillo acquires Jigsaw Business Solutions

Tillo, a rewards and incentives platform, has announced the acquisition of Jigsaw Business Solutions, a provider of gift card programs for more than 20 retailers such as ASOS, Costa,

This £3.6m acquisition marks a pivotal moment in Tillo’s growth trajectory, signalling a new era of expanded capabilities and enhanced customer offerings that firmly place Tillo at the forefront of the global gift card industry. It brings together Tillo’s robust technology infrastructure and customer-centric approach with Jigsaw’s extensive experience in full-program gift-card management, enhancing Tillo’s business offering for both existing and prospective customers.

Alex Preece, CEO and co-Founder of Tillo says: “We are immensely proud to announce Tillo’s acquisition of Jigsaw Business Solutions. By integrating Jigsaw’s extensive experience in managing high-profile retailer gift card programs into Tillo’s innovative platform and overall service offering, we can offer more tailored, competitive solutions to our customers and strengthen our unique position as leaders in the global gift card market.

“I’d like to thank Ryan and the EMC team for their support throughout the process. Their commercial insight and transaction expertise were invaluable in helping us complete our first acquisition.”

The EMC Corporate Finance team, led by Ryan Smith, provided lead advisory and buy-side support to Tillo.

Ryan Smith, Director at EMC added: “This is an exciting time for Tillo and it was a pleasure to work with Alex and the team on delivering this transformative acquisition. This deal again demonstrates the capabilities of EMC working on behalf of buy-side clients to support their growth strategies. We look forward to continuing to support Tillo as the business moves into this next phase of growth.”

Legal advice was provided by Irwin Mitchell with Crowe providing FDD and Tax advice.

Gaby Hardwicke provided legal advice to Jigsaw Business Solutions.

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