M&A Deal Summary

Pencarrow Private Equity Acquires Shoof International

On March 2, 2023, private equity firm Pencarrow Private Equity acquired consumer products company Shoof International

Acquisition Highlights
  • This is Pencarrow Private Equity’s 3rd transaction in the Consumer Products sector.
  • This is Pencarrow Private Equity’s 22nd transaction in New Zealand.

M&A Deal Summary

Date 2023-03-02
Target Shoof International
Sector Consumer Products
Buyer(s) Pencarrow Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Shoof International

Cambridge, New Zealand
Shoof International is an importer, manufacturer, and distributor of farming and animal equipment across farm animal and maintenance, home and hobby, companion animal and vet professional product groups. Shoof International was founded in 1973 and is based in Cambridge, 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 23 of 24
Sector (Consumer Products) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 11 of 11
Country (New Zealand) 22 of 23
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Umbrellar

Auckland, New Zealand

Umbrellar is a provider of cloud hosting, domain name services, and e-commerce payment services across New Zealand and Australia. The Group operates a network of data centres providing distributed high availability and fault tolerant cloud services. Umbrellar was established in 1997 and is based in Auckland, New Zealand.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-28 Petdirect

Auckland, New Zealand

Petdirect is an online retailer of third-party branded pet specialty products, including food, health, toys and accessories. Petdirect was founded in 2020 and is based in Auckland, New Zealand.

Buy -