On November 5, 2009, AGG Partner Tycho Stahl was interviewed for a piece in the Daily Report’s Deal Watch section titled, “AGG Advises German Company on U.S. Affiliate.” The author explores the significant cross-border transactional work that Tycho is leading. One such transaction is a $9 million deal to bring the U.S. affiliate of a German client that makes components used in steel manufacturing to the Meriwether County, Georgia. The client, Gustav Wiegard Maschinenfabrik GmbH & Co., is a fourth-generation family business based in Witten, Germany, and its U.S. affiliate, Gustav Wiegard North America LP, is financed by a number of investors from around the globe. Mr. Stahl, who worked on the deal with about a dozen other Arnall Golden Gregory lawyers including John L. Gornall, Steven A. Kay, John G. Spinrad and Stephen P. Pocalyko, said the team’s work included negotiating and drafting project agreements and contracts, handling employment-related legal work, real estate issues, environmental matters and permits and financing for construction and suppliers.
Overall, Mr. Stahl is seeing a trend whereby European companies – many of which are family-owned and able to fund transactions with their own cash rather than financing – are looking for opportunities in the United States because they have clients here. “Georgia has some pretty amazing [incentive programs], as do other states. All of those things help reduce the risk to foreign companies entering the U.S. market.”