Investment Summary

Pencarrow Private Equity Invests In Avanti Finance

On January 30, 2019, private equity firm Pencarrow Private Equity invested in financial services company Avanti Finance

Investment Highlights
  • This is Pencarrow Private Equity’s 2nd transaction in the Financial Services sector.
  • This is Pencarrow Private Equity’s 16th transaction in New Zealand.

Investment Summary
Date 2019-01-30
Target Avanti Finance
Sector Financial Services
Investor(s) Pencarrow Private Equity
Deal Type Growth Capital

Target

Avanti Finance

Auckland, New Zealand
Avanti Finance is a non-bank lending institution that provides a range of consumer loan products. Avanti provides secured personal and motor vehicle loans and, more recently, has diversified into providing first residential mortgages and small-to-medium enterprise loans. Avanti Finance was established in 1989 and is based in Auckland, New Zealand.

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Investor(S) 1

Investor

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 17 of 24
Sector (Financial Services) 2 of 2
Type (Growth Capital) 7 of 9
Country (New Zealand) 16 of 23
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-02 The Collective

London, United Kingdom

The Collective is a manufacturer and distributor of gourmet yoghurt and related products through the grocery channel. The Collective is positioned as a premium brand centred on high-quality fresh and natural ingredients and has significant operations in New Zealand and the United Kingdom. The Collective was established in 2011 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-17 RedShield Security

Wellington, New Zealand

RedShield Security is a provider of advanced shielding and protection for web applications and application programming interfaces. The software product is easily deployed over the top of an entity's existing code base to rapidly protect against cyber threats. RedShield sells to a range of customers located in New Zealand, Australia, the United States, and the United Kingdom. RedShield Security was established in 2008 and is based in Wellington, New Zealand.

Buy -
Mergr

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