Corridor Capital’s Investment in World Wide Land Transfer

Blank Rome LLP advised World Wide Land Transfer on the deal.

Corridor Capital announced an investment in World Wide Land Transfer (“World Wide” or the “Company”) in partnership with management to support the Company’s strong growth trajectory and dedication to providing critical value-added services for its clients. This is the firm’s fourth platform investment from Corridor Capital III, L.P. and Corridor’s second foray in real estate tech-enabled business process outsourcing.

World Wide is a tech-enabled, leading, full-service, independent title and settlement services agency with offices in Pennsylvania, New York, New Jersey, and Florida and headquarters just outside Philadelphia. The Company’s commitment to consistent, time-sensitive, excellent service coupled with the highest business and ethical standards set it apart and have helped World Wide evolve into one of the Northeast region’s largest title insurance agencies. World Wide was founded in 2004 by CEO Marc Shaw, who will continue as CEO and remain a material owner of the business. Jeff Lender will continue as President of World Wide’s New York operations.

World Wide has grown rapidly, driven by the Company’s differentiated operating model, and that growth is expected to further accelerate upon Corridor’s investment into the business. Through World Wide’s current leadership combined with Corridor’s deep strategic, operational, and financial support, the Company is poised to execute on strategic M&A to broaden its geographic reach and expand its capabilities, invest in new and existing business relationships, and further improve its technology platform to continue to deliver best-in-class service to its distribution partners, underwriters, and clients.

Southfield Mezzanine Capital, a private investment firm which provides flexible capital to middle-market companies in the U.S., provided debt and equity financing in support of the investment. This marks Southfield’s second such facility alongside Corridor Capital.

Blank Rome LLP served as legal advisor to the Company. Crowe provided the Company with financial consulting services. Morgan, Lewis & Bockius served as legal advisor to Corridor. Duff & Phelps provided Corridor with financial diligence support.

The Blank Rome team was led by Lou Rappaport (Picture), Cory Jacobs, Jeffrey Rosenfeld, Rachel Packer, and Riley Bauer, and included Linsey Bozzelli, Shaun Bockert, Jonathan Clark, Jennifer Daniels, Stephanie Kaplan, Benjamin Brownstein, and Carol Buckalew.

 

Involved fees earner: Riley Bauer – Blank Rome LLP; Shaun Bockert – Blank Rome LLP; Linsey Bozzelli – Blank Rome LLP; Benjamin Brownstein – Blank Rome LLP; Jonathan Clark – Blank Rome LLP; Jennifer Daniels – Blank Rome LLP; Cory Jacobs – Blank Rome LLP; Stephanie Kaplan – Blank Rome LLP; Rachel Packer – Blank Rome LLP; Louis Rappaport – Blank Rome LLP; Jeffrey Rosenfeld – Blank Rome LLP;

Law Firms: Blank Rome LLP;

Clients: World Wide Land Transfer;

Author: Martina Bellini