Knighthead Capital Management

Knighthead Capital Management, LLC is a New York-based investment adviser established in 2008. The firm is registered with the SEC and focuses on long-short investments, specializing in event-driven, distressed credit, and unique situation opportunities across various industries. By providing tailored investment services, Knighthead aims to enable corporations to achieve growth through strategic funding solutions.

Ara Cohen

Co-Founder and Managing Partner

Michael Friedberg

CFO

Andrew Shannahan

Partner and Head of Research

Thomas Wagner

Founder

Adam Zirkin

Partner and Senior Credit Analyst

6 past transactions

Wheels Up Partners

Post in 2023
Wheels Up is a membership-based private aviation company that specializes in on-demand flight services in the United States. By leveraging data and technology, it connects consumers with safety-vetted private aircraft, offering both programmatic and charter options. The company aims to reduce the upfront costs associated with private flying while providing flexibility, service, and safety to its members. Through its mobile app, users can easily book flights, manage accounts, and access ride-share opportunities. Additionally, members participate in the Wheels Down program, which enhances their travel experiences. Wheels Up operates a diverse fleet, utilizing owned, leased, and chartered aircraft to provide a wide range of global travel alternatives.

Birmingham City FC

Acquisition in 2023
Birmingham City FC is a sports club that provides tickets, hospitality services and state of the art football information online.

Revel

Series B in 2022
Revel is a company focused on promoting electric vehicle (EV) adoption in urban environments through its all-electric rideshare service and a network of fast-charging stations. The company operates a fleet of easily recognizable blue, all-electric vehicles that provide a cleaner and safer rideshare experience. Revel emphasizes affordability, safety, and cleanliness, featuring vetted drivers and regularly detailed cars. Users can conveniently request rides via the Revel app, available on both iOS and Android platforms. Additionally, Revel offers shared electric mopeds, allowing customers to easily locate and book a ride through the mobile application, which also facilitates access to charging stations for immediate energy replenishment.

UFODRIVE

Series A in 2022
UFODRIVE S.A., based in Capellen, Luxembourg, specializes in electric car rental services that prioritize convenience and environmental sustainability. The company aims to enhance the car rental experience by eliminating traditional hassles such as keys, paperwork, and queues, allowing customers to book, unlock, and drive vehicles directly through their smartphones. With a presence in major cities like London, New York, and Paris, UFODRIVE offers a fully digital and on-demand service for both city and airport locations throughout Europe. Additionally, UFODRIVE provides its technology, branded as UFOFLEET, to major mobility brands, enabling them to automate complex rental ecosystems and improve their service offerings. The company's commitment to electric vehicles ensures a focus on reducing emissions while delivering a streamlined rental experience.

Breeze Airways

Series B in 2021
Breeze Airways is a new airline in the United States, founded by David Neeleman, who has a history of co-founding several successful airlines. Initially named Moxy Airways, it aims to provide affordable travel experiences with a focus on customer convenience. Breeze Airways offers seamless booking through a user-friendly application, eliminating change or cancellation fees, and allowing passengers to customize their flight features. The airline began operations in 2021 and is designed to create a unique and enjoyable travel experience for its guests.

Professional Fighters League

Venture Round in 2021
Professional Fighters League (PFL) operates as a mixed martial arts (MMA) organization that provides a structured platform for individual fighters. Founded in 2017 and based in McLean, Virginia, PFL organizes competitions featuring a regular season, playoffs, and championship events, allowing athletes to earn bonuses and participate in pay-per-view experiences. The league engages in three main business segments: media, live events, and consumer products. The media segment focuses on producing and monetizing content across various platforms, including traditional television and digital channels. The live events segment handles ticket sales, event services, and travel packages related to its competitions. PFL's events are broadcast live in primetime on ESPN2 and ESPN+, reaching audiences in the United States and over 160 countries globally.
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