Investment Summary

Pencarrow Private Equity Invests In Icebreaker New Zealand

On November 20, 2015, private equity firm Pencarrow Private Equity invested in apparel/textiles company Icebreaker New Zealand

Investment Highlights
  • This is Pencarrow Private Equity’s 1st transaction in the Apparel/Textiles sector.
  • This is Pencarrow Private Equity’s 12th transaction in New Zealand.
Investment Fate
  • Icebreaker New Zealand was sold to a publicly-traded strategic buyer in 2018.

Investment Summary

Date 2015-11-20
Target Icebreaker New Zealand
Sector Apparel/Textiles
Investor(s) Pencarrow Private Equity
Deal Type Stake Purchase

Target

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.

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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 12 of 24
Sector: Apparel/Textiles M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 2
Country: New Zealand M&A 12 of 23
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 NZ Crane Hire

Auckland, New Zealand

New Zealand Crane Group (NZ Crane) is a mobile crane hire company.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-17 Bell Tea

Auckland, New Zealand

BrewGroup is a national coffee and tea business. The company has over a century of expertise in coffee and tea buying and blending. BrewGroup was established in 1898 and is based in Auckland, New Zealand.

Sell -