PROJECTS
Livestock Improvement Corporation, New Zealand
The problem
New Zealand’s Livestock Improvement Corporation (LIC) is a farmer-owned and controlled biotechnology business that uses sophisticated breeding techniques to increase agricultural productivity. As LIC wanted to apply its expertise in new markets, it needed additional capital, but wanted to maintain farmer control.
How we helped
Castalia developed a hybrid share structure for LIC that retained the co-operative structure of farmer ownership and control but introduced an investment share. This allowed the farmer-customers of the business to retain control of governance, while each individual farmer could decide on his or her financial investment in the business, with a defined range. To enable farmers to trade with each other, we helped LIC to list on the New Zealand Stock Exchange.
Impact
The LIC investment shares are actively trading on the New Zealand stock exchange. LIC’s hybrid share structure has become a model for other dairy co-operatives seeking to combine their co-operative business structure with increased finance for new ventures.
The client
Our team
How can we help you?
How can we help you?
WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America
SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia
AUCKLAND
+64 (4) 913 2800
Sinclair House, 3 Glenside Crescent
New Zealand
WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand
PARIS
+33 (0)1 85 64 10 22
3B Rue Taylor
France
BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-121
Colombia
Thinking for a better world.
WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America
SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia
AUCKLAND
+64 (4) 913 2800
74D France Street, Newton South
New Zealand
WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand
PARIS
+33 (1) 73 44 26 97
6 Rue Duret
France
BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-127
Colombia
Thinking for a better world.