San Francisco, CA. Nixon Peabody advised Market Scan Information Systems, Inc., a leading automotive pricing and incentive intelligence company, on its sale to S&P Global Mobility, a division of S&P Global (NYSE: SPGI).
The addition of Market Scan will further strengthen S&P Global Mobility’s automotive commerce platform with its industry leading automotive payment calculator engine and dynamic database of lender programs, original equipment manufacturer (OEM) rebates and incentives, municipality taxes and fees, and dealership terms and conditions for transacting.
“We congratulate the Market Scan team on joining a powerful global brand in S&P Global Mobility,” said Lior Zorea, Nixon Peabody partner and leader of the firm’s West Coast Emerging Companies and Venture Capital team. “Our Bay Area Emerging Companies and Venture Capital team is strongly focused on advising technology-based clients, from start-ups to later stage companies, like Market Scan, and it gives us great pleasure in seeing those clients achieve successful exit outcomes. The Market Scan transaction reflects our commitment and the deep cross practice capabilities our technology clients need to execute ‘bet-the-company’ transactions.”
In addition to Zorea, the core Nixon Peabody team who advised Market Scan on this transaction included counsel Michael Fitzpatrick and associate Robert Pethick, and partners Christian Hancey, Shahzad Malik, Ian O’Banion, and Alison Torbitt; counsels Jenny Holmes and Brian Whittaker; and associates Brian Kenney and Martha Medina.
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