Pencarrow Private Equity Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Pencarrow Private Equity has acquired 1 company.

Pencarrow Private Equity’s most common sectors for investment areconsumer products (10%) and financial services (10%) . The Firm’s most common investment types include growth capital (45%) and buyout (lbo, mbo, mbi) (40%). In total, Pencarrow Private Equity has invested in 2 different countries.

In the last 3 years, Pencarrow Private Equity has exited 2 companies. The Firm’s most common exit type is trade sale (45%). Pencarrow Private Equity’s largest (disclosed) exit occurred in 2021 when it sold Seequent for $1.1B.

Join Mergr to view Pencarrow Private Equity’s full profile and discover more middle-market private equity firm investors just like it.

M&A Summary

  • M&A Total Activity29
    • M&A Buy Activity20
    • M&A Sell Activity9
  • Total Sectors Invested 17
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6

Pencarrow Private Equity

Level 14, Pencarrow House, 1-3 Willeston Street,
Wellington, 6143
New Zealand
+64 4 499 9190
www.pencarrowpe.co.nz
reception@pencarrowpe.co.nz

Pencarrow Private Equity is a private equity firm focused on investing in New Zealand owned and operated businesses. Pencarrow looks to support management buyouts, management buy-ins, and provide expansion capital for companies operating in a variety of sectors. Areas of interest include building materials, distribution, manufacturing, consumer products, business services, and capital equipment. Target companies are typically valued between NZ$20 and $100 million where the Firm can commit $10 to $30 million in equity capital. Pencarrow Private Equity was formed in 1993 and is based in Wellington, New Zealand.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Beverages, Building Materials, Business Services, Consumer Products, Consumer Services, Distribution, Financial Services, Food, Healthcare Services, Information Technology, Internet Software and Services, Machinery, Manufacturing, Renewable Energy, Retail, Staffing, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Stake Purchase

Geographic Preferences: Australia/New Zealand

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 10 30
Enterprise Value 20 100
values in millions of NZD

M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.8/yr) # 16 3 1 - - - 20
Sell (0.4/yr) # 7 - - 1 1 - 9
vol $1.1B $1.1B
  29

Most Recent M&A

Company Date Value Type
Umbrellar Ltd. 2022-08-01 - Trade Sale
Auckland, New Zealand · www.umbrellar.com
Seequent Ltd. 2021-03-11 1.1B USD Trade Sale
Canterbury, New Zealand · www.seequent.com
Skin Institute 2020-01-01 - Buyout (LBO, MBO, MBI)
Auckland, New Zealand · www.skininstitute.co.nz
New Zealand Frost Fans Ltd. 2019-11-16 - Growth Capital
Hawke's Bay, New Zealand · www.nzfrostfans.com
RedShield Security Ltd. 2019-09-17 - Growth Capital
Wellington, New Zealand · www.redshield.co
Avanti Finance Ltd. 2019-01-30 - Growth Capital
Auckland, New Zealand · www.avantifinance.co.nz
Epicurean Dairy UK Ltd. 2018-05-02 - Stake Purchase
London, United Kingdom · www.thecollectivedairy.com
Icebreaker New Zealand Ltd. 2018-04-03 - Trade Sale
Auckland, New Zealand · www.icebreaker.com
Netlogix Ltd. 2017-01-01 - Buyout (LBO, MBO, MBI)
Auckland, New Zealand · www.netlogix.co.nz
Mix Ltd. 2017-01-01 - Buyout (LBO, MBO, MBI)
Auckland, New Zealand · www.mixlimited.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Consumer Products 1 (10%) - 2 (10%) -
Financial Services 2 (20%) - 2 (10%) -
Internet Software and Services 1 (10%) - 2 (10%) -
Apparel/Textiles - - 1 (5%) -
Beverages - - 1 (5%) -
Building Materials - - 1 (5%) -
Business Services - - 1 (5%) -
Consumer Services 1 (10%) - 1 (5%) -
Distribution - - 1 (5%) -
Food 1 (10%) - 1 (5%) -
Healthcare Services 1 (10%) - 1 (5%) -
Information Technology - - 1 (5%) -
Manufacturing 1 (10%) - 1 (5%) -
Renewable Energy 1 (10%) - 1 (5%) -
Retail - - 1 (5%) -
Staffing - - 1 (5%) -
Transportation 1 (10%) - 1 (5%) -
Total 10 - 20 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
New Zealand 9 (90%) - 19 (95%) -
United Kingdom 1 (10%) - 1 (5%) -
Domestic 9 (90%) - 19 (95%) -
Cross-border 1 (10%) - 1 (5%) -
Total 10 - 20 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 5 (50%) - 9 (45%) -
Buyout (LBO, MBO, MBI) 4 (40%) - 8 (40%) -
Stake Purchase 1 (10%) - 2 (10%) -
Divestiture - - 1 (5%) -
Total 10 - 20 -

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 2 (22%) 1.1B (100%)
Sold to Management 2 (22%) -
Trade Sale 2 (22%) -
Unknown 2 (22%) -
Secondary Sale 1 (11%) -
Total 9 $1.1B

Deal Values

sell # Total
> $1B 1 $1.1B
TOTAL $1.1B
Largest Seequent Ltd.
$1.1B (2021-03-11)

M&A Connections

Deals
Acquired from
Strategic(s)
5%
1 (5%)
Exited to
Investor(s)
11%
1 (11%)
Strategic(s)
44%
4 (44%)

FAQ

When was Pencarrow Private Equity founded?

Pencarrow Private Equity was founded in 1993.

What type of investor is Pencarrow Private Equity?

Pencarrow Private Equity is a private equity firm.

Where is Pencarrow Private Equity headquartered?

Pencarrow Private Equity is headquartered in Wellington, New Zealand.

How much capital does Pencarrow Private Equity have under management?

Pencarrow Private Equity has 692M NZD under management.

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