Alston & Bird advised TrueCar, a nationally recognized digital automotive marketplace, on its recently announced agreement to be acquired by Fair Holdings Inc., an entity led by TrueCar founder Scott Painter, in an all-cash, go-private transaction valued at approximately $227 million. The transaction is expected to close in the fourth quarter of 2025 or early 2026, subject to customary closing conditions and regulatory conditions.
Representing TrueCar was an Alston & Bird team led by partners Justin Howard and Rebecca Valentino. The team also included partners Scott Ortwein and Brittany Raway, senior associates Jonathan DiChiara and Robyn Downing, and associates Crawford Lewis and Katie Maye (Corporate & Business Transactions); partner Chuck Cox (Securities Litigation); partner Chris Gegg and senior associate Killian Steer (Intellectual Property); partners Adam Biegel and John Snyder and counsel Abigail Cessna (Antitrust); partner Scott Harty and senior associate John Harden (Federal & International Tax); partner Kyle Woods, counsel Kerry Wenzel, and senior associate Cremeithius Riggins (Employee Benefits & Executive Compensation); partner Cara Peterman (Privacy, Cyber & Data Strategy); and senior associate Dorian Simmons (Technology).