M&A Deal Summary

Pencarrow Private Equity Acquires Essano

On January 1, 2017, private equity firm Pencarrow Private Equity acquired consumer products company Essano

Acquisition Highlights
  • This is Pencarrow Private Equity’s 2nd transaction in the Consumer Products sector.
  • This is Pencarrow Private Equity’s 15th transaction in New Zealand.

M&A Deal Summary

Date 2017-01-01
Target Essano
Sector Consumer Products
Buyer(s) Pencarrow Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Essano

Auckland, New Zealand
Essano is a producer of personal products including natural skincare and haircare. Essano 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. Essano was established in 2000 and is based in Auckland, New Zealand.

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Buyer(S) 1

Buyer

Pencarrow Private Equity

Wellington, New Zealand

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 692M NZD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

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 $150 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.


DEAL STATS #
Overall 15 of 24
Sector: Consumer Products M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 11
Country: New Zealand M&A 15 of 23
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Netlogix

Auckland, New Zealand

Netlogix Ltd. is a technology-enabled freight logistics company that connects independently contracted freight carriers with customer freight demand. Netlogix 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. Netlogix was established in 2013 and is based in Auckland, New Zeland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-03 Icebreaker New Zealand

Auckland, New Zealand

Icebreaker New Zealand Ltd. is a producer of merino clothing for outdoors, technical sports, and lifestyle for men, women, and kids. Icebreaker was founded in 1995 and is based in Auckland, New Zealand.

Sell -