News

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...

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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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Media Release

solarcity and Westpac NZ Collaboration Wins INFINZ Award

Westpac NZ earned recognition for its contribution to making solar power more affordable and accessible to New Zealand homeowners when it won The Business Institutional Banking Innovation Award at the...

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Market Update

December 2015

The most recent quarter continued to see interesting economic developments around the globe. The US Federal Reserve raised interest rates from zero for the first time in around seven years...

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Market Update

September 2015

In the most recent quarter, the dairy prices appear to have stabilised and partially reversed their decline from the previous quarter, resulting in a slight firming of the New Zealand dollars.

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Market Update

June 2015

The most recent quarter has seen some interesting economic developments both within NZ and further afield.

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Market Update

March 2015

New Zealand’s economy is continuing to exhibit strong growth particularly in comparison to Australia which has caused the exchange rate to rise to near parity against the Australian dollar for...

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Market Update

December 2014

Equity markets, particularly in New Zealand and the US, were relatively strong during the quarter rising by between 5% and 7% though there was also a high level of volatility...

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Media Release

World-class entrepreneur joins ARANZ Geo Board of Directors

Scott Houston joins ARANZ Geo’s Board of Directors as company focuses on pushing innovation boundaries and global expansion

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Market Update

September 2014

Over the past quarter sentiment in financial markets and the general economy has flattened compared to the relative buoyancy over the previous 12 months.

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Media Release

Pencarrow IV Fund acquires Digiweb Holdings

Pencarrow has invested in Digiweb to acquire the company and support its acquisition of Web Drive to create a leading New Zealand domain name and web hosting business.

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