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Knighthead Capital Management, Llc Announces Shelby Companies Limited Has Been Approved To Acquire Birmingham City Women F.C.

Jun 07, 2023•over 2 years ago

Acquiring Company

Knighthead Capital Management

Acquired Company

Birmingham City Women F.C

FinanceFinancial ServicesLendingReal Estate

Description

Knighthead Capital Management, LLC ("Knighthead") is pleased to announce that Shelby Companies Limited ("Shelby") has been approved by the Barclays Women's Super League ("WSL") and Barclays Women's Championship ("WC") Board to acquire Birmingham City Women F.C. ("Birmingham City Women") as part of the proposed acquisition of 45% of Birmingham City Football Club and no conditions will be placed on Birmingham City Women's ongoing membership of the leagues.

Company Information

Company

Knighthead Capital Management

About

Knighthead Capital Management, LLC ("Knighthead") was co-founded in 2008 by Ara Cohen and Tom Wagner and currently has approximately $9.5 billion of assets under management. Knighthead is an event driven and deep value focused SEC registered investment advisor that specializes in investing in companies that need financial and operational restructuring. Knighthead has worked to create a diversified credit platform with an experienced team of investment professionals, specializing in credit analysis, sourcing, trading, and restructuring. Knighthead's long-term objective is to generate attractive risk-adjusted returns for its clients while emphasizing the preservation of capital. Knighthead manages assets across a variety of investment vehicles including a long/short Evergreen Hedge Fund, a number of Closed-End Credit Vehicles, a dedicated Real Estate Lending business, and a sizable Insurance Asset Management business.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed