investments buildings3

Investments

A summary of our investments is provided below.

Pencarrow is currently investing from the Pencarrow VI Investment Fund LP. Please visit the About page for a full history of our firm. 

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Pet Direct

Pet Direct is an online retailer of third-party branded pet specialty products, including food, health, toys and accessories. Founded in 2020, Pet Direct has grown to be the leading online platform in the pet specialty market in New Zealand.

Website
Investment date

2024

Investment status

Current

Headquarters

Auckland

Sector

Pet Products

Shoof International

Shoof International is New Zealand’s leading importer, manufacturer, and distributor of farming and animal equipment across farm animal and maintenance, home and hobby, companion animal and vet professional product groups. Founded in Cambridge, Shoof has established operations in New Zealand, Australia and Chile.

Website
Investment date

2023

Investment status

Current

Headquarters

Cambridge

Sector

Animal Products

Pacific Clinical Research Network

Pacific Clinical Research Network (PCRN) comprises two leading clinical trials businesses (Lakeland Clinical Trials Group and Southern Clinical Trials Group) that perform the administration of new pharmaceuticals and medical devices under controlled conditions as part of a clinical trial, with a focus on phase 1b to 4 clinical trials. PCRN operates two sites directly, in Rotorua and Christchurch, and has a separate franchise network of ten additional sites across New Zealand.

Website
Investment date

2021

Investment status

Current

Headquarters

Christchurch and Rotorua

Sector

Healthcare

The Interiors Group

The Interiors Group is New Zealand’s largest specialist provider of flooring and window furnishings operating through both company owned and franchised stores. The Interiors Group operates through the Carpet Court, CurtainStudio and The Floor Store brands, and offers a wide range of exclusive and own branded products.

Website
Investment date

2021

Investment status

Current

Headquarters

Auckland

Sector

Home Furnishings

Skin Institute

Skin Institute is New Zealand's leading provider of dermatological, skin cancer, cosmetic surgery, vein and appearance medicine services and treatments. Established in 1994, the Skin Institute now has 12 multi-disciplinary specialist medical clinics throughout New Zealand.

Website
Investment date

2020

Investment status

Current

Headquarters

Auckland

Sector

Healthcare

New Zealand Frost Fans

New Zealand Frost Fans designs and manufactures frost protection solutions for a wide range of crops, including grapes, nuts, apples, citrus and avocados. New Zealand Frost Fans is the leading supplier of frost fans in Australia and New Zealand as well as selling to overseas markets including Turkey and Chile.

Website
Investment date

2019

Investment status

Current

Headquarters

Hawke's Bay

Sector

Manufacturing

RedShield

RedShield 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.

Website
Investment date

2019

Investment status

Current

Headquarters

Wellington

Sector

Software and Services

Avanti Finance

Avanti is a leading New Zealand non-bank lending institution that provides a range of consumer loan products. Since its establishment in 1989 the company has provided secured personal and motor vehicle loans and, more recently, has diversified into providing first residential mortgages and small-to-medium enterprise loans.

Website
Investment date

2019

Investment status

Current

Headquarters

Auckland

Sector

Financial Services

The Collective

The Collective is a leading 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.

Website
Investment date

2018

Investment status

Current

Headquarters

Auckland

Sector

Premium Dairy Products

Netlogix

Netlogix is a technology-enabled freight logistics company that connects independently contracted freight carriers with customer freight demand. Netlogix has a 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.

Website
Investment date

2017

Investment status

Current

Headquarters

Auckland

Sector

Freight Logistics

Essano

Essano is a leading 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, New Zealand and the United States.

Website
Investment date

2017

Investment status

Current

Headquarters

Auckland

Sector

Personal Care

MMC

MMC is New Zealand’s leading provider of full outsourced investment administration services. MMC provides investment administration services for more than 30 investment managers and product providers, and more than 70 groups of investment professionals with funds under administration in excess of NZ$85 billion.

Website
Investment date

2016

Investment status

Prior

Headquarters

Auckland

Sector

Financial Services

Icebreaker

Icebreaker is a premium outdoor activewear company that prides itself on using natural fibres and adhering to environmental and social ethics. Icebreaker is a multi-channel distribution business that includes a global wholesale platform, e-commerce platform and company owned-retail stores across the United States, Europe, Canada, New Zealand and Australia.

Website
Investment date

2015

Investment status

Prior

Headquarters

Auckland

Sector

Apparel

BeGroup

BeGroup provides affordable and modern retirement villages with a full range of care options, strong ties to the local community and an emphasis on helping residents enjoy life to the fullest extent possible.

Website
Investment date

2014

Investment status

Prior

Headquarters

Auckland

Sector

Aged Care

Seequent

Seequent is a world leader in the visualisation and interpretation of geological data for applications in the mining, minerals, energy, civil and environmental industries. Seequent provides software and consultancy solutions and has received wide acclaim for its flagship product, Leapfrog.

Website
Investment date

2014

Investment status

Prior

Headquarters

Christchurch

Sector

Software

Umbrellar

Umbrellar is New Zealand’s largest domain name registrar and cloud hosting company. The Group operates a network of data centres providing distributed high availability and fault tolerant cloud services. Umbrellar has more than 75,000 customers.

Website
Investment date

2014

Investment status

Prior

Headquarters

Auckland

Sector

Domain and Cloud Services

SolarZero

Founded in 1974, solarZero is New Zealand’s leading solar power company. solarZero has provided more solar systems to New Zealanders than any other operator and was the first solar company in the world to achieve CarboNZero accreditation. solarZero's service provides home owners with the benefits of battery storage and solar technology, but without the capital costs, a first for New Zealand.

Website
Investment date

2014

Investment status

Prior

Headquarters

Auckland

Sector

Energy Services

BrewGroup

BrewGroup, formerly the Bell Tea & Coffee Company, was founded in Dunedin in 1898. Today it is a market leader in the New Zealand hot beverage industry, with a portfolio consisting of coffee and tea products and coffee equipment brands. Pencarrow supported management to acquire the company from previous owner Foodstuffs in 2013.

Investment date

2013

Investment status

Prior

Headquarters

Auckland

Sector

Hot beverages

BJ Ball

BJ Ball has over 90 years' experience providing fine paper to a wide range of customers across Oceania and Asia. It is the market leader in Australasia having grown its distribution network organically and via a series of targeted acquisitions.

Website
Investment date

2008

Investment status

Prior

Headquarters

Auckland

Sector

Paper Merchant

phil&teds

phil&teds is a world-leading inventor, designer and marketer of juvenile products. With a reputation for innovation and quality phil&teds products are now marketed in over 40 countries and 1,000 stores worldwide.

Website
Investment date

2006

Investment status

Prior

Headquarters

Wellington

Sector

Juvenile Products

Home Ideas

Home Ideas operates exhibitor centres in New Zealand offering space for companies to display a range of home products and services to home owners, builders and renovators.

Website
Investment date

2006

Investment status

Prior

Headquarters

Auckland

Sector

Exhibition Centres

NZ Crane Hire

NZ Crane Hire owns and operates mobile cranes, tower cranes and access equipment.

Website
Investment date

2005

Investment status

Prior

Headquarters

Auckland

Sector

Industrial Services

Rishworth Aviation

Rishworth is a world-leading aviation crew leasing and recruitment business providing services to around 90,000 aviation professionals from 150 countries.

Website
Investment date

2005

Investment status

Prior

Headquarters

Auckland

Sector

Recruitment

CS Company

CS Company is New Zealand’s leading multi-brand distributor of cosmetics, fragrances, skincare and haircare brands.

Website
Investment date

2005

Investment status

Prior

Headquarters

Auckland

Sector

Personal Care