Investments

A summary of our recent investments is provided below.

Pencarrow is currently investing from the Pencarrow Bridge Fund LP. Please visit the About page for a full history of our firm. 

Clear

Netlogix

Netlogix is a technology-enabled freight logistics company that connects independently contracted freight carriers with customer freight demand. Netlogix has a highly specialised offering that optimises a freight customer’s transport and logistics costs by finding the most efficient route and rate card across a network of carriers.

Website
INVESTMENT PERIOD

2017 - Present

HEADQUARTERS

Auckland

SECTOR

Freight Logistics

Mix

Mix is a leading producer of personal products including natural skincare and haircare. Mix has a certified organic laboratory in New Zealand and supplies its products through pharmacy and grocery channels in Australia and New Zealand, Hong Kong and the United States.

Website
INVESTMENT PERIOD

2017 - Present

HEADQUARTERS

Auckland

SECTOR

Personal Care

MMC

MMC is a specialist fund and investment administration business. The company provides fund accounting and unit pricing services for over 210 investment funds and has over $30 billion of clients' funds under its administration. It also offers settlement functions, registry services, trade matching plus valuation, returns and accounting services.

Website
INVESTMENT PERIOD

2016 - Present

HEADQUARTERS

Auckland

SECTOR

Financial Services

Icebreaker

Icebreaker is a premium outdoor activewear company that prides itself on using natural fibres and adhering to environmental and social ethics. Icebreaker is a multi-channel distribution business that includes a global wholesale platform, e-commerce platform and company owned-retail stores across the United States, Europe, Canada, New Zealand and Australia.

Website
INVESTMENT PERIOD

2015 - Present

HEADQUARTERS

Auckland

SECTOR

Apparel

BeGroup

BeGroup provides affordable and modern retirement villages with a full range of care options, strong ties to the local community and an emphasis on helping residents enjoy life to the fullest extent possible. BeGroup currently has three estates, The Falls in Whangarei, Rawhiti in Remuera and Half Moon Bay.

Website
INVESTMENT PERIOD

2014 – Present

HEADQUARTERS

Auckland

SECTOR

Aged Care

Seequent

Seequent (previously called ARANZ Geo) is a world leader in the visualisation and interpretation of geological data for applications in the mining, minerals, energy, civil and environmental industries. Seequent provides software and consultancy solutions and has received wide acclaim for its flagship product, Leapfrog.

Website
INVESTMENT PERIOD

2014 – Present

HEADQUARTERS

Christchurch

SECTOR

Software

Umbrellar

Umbrellar is New Zealand’s largest domain name registrar and cloud hosting company. The Group operates a network of data centres providing distributed high availability and fault tolerant cloud services. Umbrellar has more than 75,000 customers.

Website
INVESTMENT PERIOD

2014 - Present

HEADQUARTERS

Auckland

SECTOR

Domain and Cloud Services

solarcity

Founded in 1974, solarcity is New Zealand’s leading solar power company. solarcity has provided more solar systems to New Zealanders than any other operator and was the first solar company in the world to achieve CarboNZero accreditation. solarcity has recently launched solarZero+, a service that provides home owners with the benefits of battery storage and solar technology, but without the capital costs, a first for New Zealand.

Website
INVESTMENT PERIOD

2014 – Present

HEADQUARTERS

Auckland

SECTOR

Energy Services

BrewGroup

BrewGroup, formerly the Bell Tea & Coffee Company, was founded in Dunedin in 1898. Today it is a market leader in the New Zealand hot beverage industry, with a portfolio consisting of coffee and tea products and coffee equipment brands. Pencarrow supported management to acquire the company from previous owner Foodstuffs in 2013.

Website
INVESTMENT PERIOD

2013 – 2016

HEADQUARTERS

Auckland

SECTOR

Hot beverages

BJ Ball

BJ Ball has over 90 years' experience providing fine paper to a wide range of customers across Oceania and Asia. It is the market leader in Australasia having grown its distribution network organically and via a series of targeted acquisitions. Pencarrow sold its stake in BJ Ball to Maui Capital in October 2010.

Website
INVESTMENT PERIOD

2008 – 2010

HEADQUARTERS

Auckland

SECTOR

Paper Merchant

phil&teds

phil&teds is a world-leading inventor, designer and marketer of juvenile products. With a reputation for innovation and quality phil&teds products are now marketed in over 40 countries and 1,000 stores worldwide.

Website
INVESTMENT PERIOD

2006 - 2010

HEADQUARTERS

Wellington

SECTOR

Juvenile Products

Home Ideas

Home Ideas operates exhibitor centres in New Zealand offering space for companies to display a range of home products and services to home owners, builders and renovators. Pencarrow sold its stake in Home Ideas in 2011.

Website
INVESTMENT PERIOD

2006 – 2011

HEADQUARTERS

Auckland

SECTOR

Exhibition Centres

NZ Crane Hire

NZ Crane Hire owns and operates mobile cranes, tower cranes and access equipment. Pencarrow sold its stake in the company in 2015.

Website
INVESTMENT PERIOD

2005 – 2015

HEADQUARTERS

Auckland

SECTOR

Industrial Services

Rishworth Aviation

Rishworth is a world-leading aviation crew leasing and recruitment business providing services to around 90,000 aviation professionals from 150 countries. In 2016 Pencarrow sold its shareholding to the Empresaria Group which is listed on the London Stock Exchange AIM market.

Website
INVESTMENT PERIOD

2005 – 2016

HEADQUARTERS

Auckland

SECTOR

Recruitment

CS Company

CS Company is New Zealand’s leading multi-brand distributor of cosmetics, fragrances, skincare and haircare brands.
Pencarrow sold its stake in 2010.

Website
INVESTMENT PERIOD

2005 – 2010

HEADQUARTERS

Auckland

SECTOR

Personal Care