Ballard Spahr Advises Tenura Holdings on New Partnership
A Ballard Spahr deal team, led by Travis J. Leach and John D. Socknat, advised private investment company Tenura Holdings on a new partnership it formed in conjunction with private equity firm Panorama Point Partners and Robert Jackson, an industry-leading title insurance executive, to create an independent title and escrow platform company called Nerio Group.
Nerio Group will serve a diverse group of financial institutions, real estate agents, and mortgage companies. It has invested in Vantage Point Title, Vantage Point Escrow, Reliant Title, and AmeriFirst Insurance. Together, this group of growing companies is active in 43 states across the country.
The Nerio Companies aim to create the leading technology-centric and customer-focused title platform serving all facets of the mortgage loan cycle—from residential purchase, refinancing, home equity, default and curative services, and commercial services.
Mr. Leach, based in the firm's Phoenix office, focuses on merger and acquisition transactions and is a member of the firm's Mortgage Banking Group and leader of the firm's Emerging Growth and Venture Capital Group and its Sports Practice.
Mr. Socknat, who is based in Washington, D.C., co-leads the firm's Mortgage Banking Group and advises clients on compliance and licensing matters under state and federal law.