Pencarrow takes 38% stake in Icebreaker, appoints two directors

Pencarrow takes 38% stake in Icebreaker, appoints two directors
Paul McBeth
By Paul McBeth Nov. 20 (BusinessDesk) - Pencarrow Private Equity, whose past investments have included paper merchant BJ Ball and buggy maker Phil & Teds, has taken a 38 percent stake in merino wool clothing company Icebreaker. The Wellington-based private equity firm has taken the stake in Icebreaker via two holding companies, with Pencarrow executive director Rod Gethen and investment director Jonathan Goldstone joining the clothing maker's board, according to documents lodged with the Companies Office. Pencarrow executive director N...