LWBJ advises China’s Ningbo Tech-Bank Co., Ltd, on its first U.S. acquisition
WEST DES MOINES, February 26, 2017 – Ningbo Tech-Bank Co., Ltd, of Shanghai, China, has completed its purchase of Texas Primo Broodstock, Inc. LWBJ was the advisor to Ningbo Tech-Bank on the transaction.
Ningbo Tech-Bank is a leader in China’s growing agriculture, aquaculture and animal husbandry
industries and is traded on the Shanghai Exchange. The company recently celebrated its 20th anniversary and is growing worldwide. Texas Primo Broodstock, Inc., is a global provider of disease-tolerant breeding stock to commercial shrimp producers.
“This was our first acquisition in the United States,” said Daniel Yu Zhang, Ningbo Tech-Bank Vice President of Mergers and Acquisitions, “and we had few proprietary resources available. As a result, we relied on the extensive M&A and business experience of LWBJ to help us analyze, negotiate and close the transaction, and we look forward to working with them on future transactions.”
“Our M&A, animal life science and international experience positioned us well to advise on this
transaction,” noted LWBJ Managing Partner Paul Juffer. “We enjoyed working with the Ningbo TechBank leadership team and look forward to serving their needs again in the future.”