GREENVILLE, S.C.--Given such recent developments as Brexit and US President Donald Trump's "America First" agenda, one might think that the cross-border transaction market might be hurt by a rising tide of nationalism and anti-globalism. However, Womble Bond Dickinson's Melinda Davis Lux says that hasn't been the case.
Davis Lux discussed the current cross-border M&A climate with the South Carolina Business Review on South Carolina Public Radio.
"When companies have a compelling business justification to expand globally, they are willing to do it, she said. "From the M&A side...companies are more and more willing to do business abroad."
In South Carolina, Davis Lux said manufacturing and distribution companies, including those in the automotive and chemical sectors, are leading the cross-border charge.
"As more and more companies have international operations, more M&A deals have cross-border elements," she said.
Davis Lux said the new US tax law hasn't had an impact yet, but she believes it may help loosen cash flow and boost an already strong cross-border market.
She noted that the recent creation of Womble Bond Dickinson, with its transatlantic capabilities and offices in both the US and UK, is well-equipped to handle these types of deals.
"We are doing a lot of business with companies that are operating around the globe, including in Europe and the UK," she said. "We are doing a lot of cross-border transactions." For example, Davis Lux recently completed a transaction for an automotive industry client involving eight countries.
Click here to listen to Melinda Davis Lux on the South Carolina Business Review.
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