News

Pencarrow V Fund closes at hard cap of $250 million

Pencarrow Private Equity has just completed a first and final close on its latest fund, Pencarrow V, at the hard cap of $250 million. The fund closed significantly above its target of $200 million, and is more than double the size of its previous largest fund, Pencarrow IV.

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Media Release

solarcity wins top innovation and leadership awards

Auckland - 27 November 2017. solarcity, the nation’s leading solar energy services company, won the top innovation award and its founder, Andrew Booth, was named Industry Person of the Year...

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News

VF Corporation to acquire 100% of Icebreaker Limited

We are delighted to announce that Pencarrow Private Equity (“Pencarrow” or the “Fund”) has accepted an offer by VF Corporation (NYSE:VFC) to acquire 100% of Icebreaker Limited.

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Media Release

ARANZ Geo announces company name change to Seequent, reflects vision for the future

CHRISTCHURCH, NZ – November 2, 2017 - ARANZ Geo announced today that the company is changing its name to Seequent.

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Media Release

ARANZ Geo Continues Geothermal Focus

CHRISTCHURCH, NZ – September 20, 2017 – ARANZ Geo, developer of Leapfrog® 3D geological modelling, has released Leapfrog Geothermal 3.4.

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Media Release

solarcity selected as Tesla Powerwall Certified Installer

21 September 2017 - New Zealand's leading solar energy service company, solarcity, is pleased to announce it has been selected as a Tesla Powerwall Certified Installer.

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Media Release

solarcity teams up with Vodafone to transform Kiwi houses into smart homes

4 September 2017 - Kiwis can now save on powerbills and turn their houses into smart homes thanks to a new app launched by solar power company solarcity.

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Media Release

Adding value through private equity

ARANZ Geo (AGL) is a unique software business which started out making a diagnostic aid for wound care before being adapted for use by Weta Workshop technicians to generate some...

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Market Update

June 2017

During the past quarter there was some good news for the neoliberal economic establishment with the resounding win of Emmanuel Macron in the French presidential and parliamentary elections, a counter...

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Market Update

December 2016

The most recent quarter coincided with the election of Donald Trump as President of the United States. As with the Brexit news initially there was a negative market reaction but in less than a day this had turned to a significantly positive upswing in global equity markets which continued through the end of calendar year 2016.

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Media Release

Local private equity investor partners with MMC

NZ private equity investor, Pencarrow, has taken a 50 per cent stake in Auckland-based fund administration firm MMC via a new investment vehicle.In a deal confirmed last week, the Pencarrow...

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Market Update

September 2016

 New Zealand has one of the strongest performing economies in the western world with current year-on-year GDP growth of 3.6% driven by particularly strong growth in construction and tourism along...

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Media Release

Leading global coffee company JDE conditionally acquires BrewGroup

Pencarrow Private Equity (“Pencarrow” or the “Fund”) has accepted an unsolicited offer by global beverage leader, Jacobs Douwe Egberts (“JDE”), to acquire 100% of BrewGroup, formerly Bell Tea & Coffee Company Limited.

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Market Update

June 2016

In response to the most unexpected Brexit result, there was the initial high market volatility with significant downward movements in the pound and sharemarkets.

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Media Release

Rishworth sale announcement

Through the AMP Pencarrow Fund (Fund III), Pencarrow Private Equity is pleased to have accepted an offer to acquire Rishworth Aviation by Empresaria Group plc, a LSE-listed international specialist staffing group.

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