Investments
A summary of our recent investments is provided below.
Pencarrow is currently investing from the Pencarrow V Investment Fund LP. Please visit the About page for a full history of our firm.
New Zealand Frost Fans
New Zealand Frost Fans designs and manufactures frost protection solutions for a wide range of crops, including grapes, nuts, apples, citrus and avocados. New Zealand Frost Fans is the leading supplier of frost fans in Australia and New Zealand as well as selling to overseas markets including Turkey and Chile.
WebsiteInvestment date
2019
Headquarters
Hawke's Bay
Sector
Manufacturing
RedShield
RedShield is a provider of advanced shielding and protection for web applications and application programming interfaces. The software product is easily deployed over the top of an entity's existing code base to rapidly protect against cyber threats. RedShield sells to a range of customers located in New Zealand, Australia, the United States and the United Kingdom.
WebsiteInvestment date
2019
Headquarters
Wellington
Sector
Software and Services
Avanti Finance
Avanti is a leading New Zealand non-bank lending institution that provides a range of consumer loan products. Since its establishment in 1989 the company has provided secured personal and motor vehicle loans and, more recently, has diversified into providing first residential mortgages and small-to-medium enterprise loans.
WebsiteInvestment date
2019
Headquarters
Auckland
Sector
Financial Services
The Collective
The Collective is a leading manufacturer and distributor of gourmet yoghurt and related products through the grocery channel. The Collective is positioned as a premium brand centred on high-quality fresh and natural ingredients and has significant operations in New Zealand and the United Kingdom.
WebsiteInvestment date
2018
Headquarters
Auckland
Sector
Premium Dairy Products
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.
WebsiteInvestment date
2017
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.
WebsiteInvestment date
2017
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.
WebsiteInvestment date
2016
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.
WebsiteInvestment date
2015
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.
WebsiteInvestment date
2014
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.
WebsiteInvestment date
2014
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.
WebsiteInvestment date
2014
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.
WebsiteInvestment date
2014
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.
Investment date
2013
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.
WebsiteInvestment date
2008
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.
WebsiteInvestment date
2006
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.
WebsiteInvestment date
2006
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.
WebsiteInvestment date
2005
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.
WebsiteInvestment date
2005
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.
Investment date
2005
Headquarters
Auckland
Sector
Personal Care