RedBirds founder, Gerry Cardinale, has been invested in Blade since 2016, and collectively the RedBird and Blade teams have closely collaborated as each has built out its respective aviation business. The process took 1 day. The partnership will also allow us to build our fast-growing organ transplant flight business and source acquisitions that can benefit from our global brand, infrastructure and tech platform ultimately accelerating our timeline to achieving profitability while enhancing our growth trajectory., Blade is an integral part of our broader aviation investment strategy which looks to benefit from current aviation market growth as well as future disruption from the transition of helicopters to Electric Vertical Aircraft, said Gerry Cardinale, RedBird Founder and Managing Partner. For more information, please go towww.redbirdcap.com, We use cookies to personalize content and ads, to provide social media features and to analyse our traffic. The venture, called RedBird IMI, will launch with initial committed capital of $1 billion and Zucker will serve as CEO. Other investments include the private-jet business Jet Linx Aviation, the short-haul private-jet operator Verijet Inc. and the airport hangar and fueling operator Aero Centers. With over three decades of business and Resources Announces Resignation of Director, Inspirato Announces Plan to Streamline Operations. RedBird Capital Partners is a private investment firm that builds high-growth companies and provides strategic capital solutions to founders and entrepreneurs. This combination includes the ability to provide short-distance air travel to large concerts and sporting events. Founded in 2014, RedBird Capital Partners is a growth equity firm based in New York. NEW YORK, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Blade Air Mobility, Inc. (Nasdaq:BLDE, Blade or the Company), a technology-powered global air mobility platform and RedBird Capital Partners (RedBird) announced today that RedBird has increased its ownership in Blade to more than 5% and that RedBird partner Andrew Lauck will become a board observer. All rights reserved. Today, the Company predominantly uses helicopters and amphibious aircraft for its passenger routes and is also one of the largest air medical transporters of human organs for transplant in the world. William Blair served as financial advisor to Talent Systems, and Morgan Lewis & Bockius LLP served as legal advisor to the company. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include: risks associated with the ability to consummate the Trinity transaction and the timing of the closing of the transaction; the ability to successfully integrate Blade and Trinity operations and employees; the ability to realize anticipated benefits and synergies of the Trinity transaction; the potential impact of the announcement of the Trinity transaction or consummation of the transaction on relationships, including with employees, customers and competitors; the ability to retain key Trinity personnel; the ability to achieve performance targets; loss of our customers; decreases in our existing market share; effects of competition; effects of pricing pressure; the inability of our customers to pay for our services; the loss of our existing relationships with operators; the loss of key members of our management team; changes in our regulatory environment, including aviation law and FAA regulations; the inability to implement information systems or expand our workforce; changes in our industry; heightened enforcement activity by government agencies; interruptions or security breaches of our information technology systems; the expansion of privacy and security laws; our ability to expand our infrastructure network; our ability to identify, complete and successfully integrate future acquisitions; our ability to remediate any material weaknesses or maintain effective internal controls over financial reporting; the ability to continue to meet applicable listing standards; costs related to our business combination; the possibility that we may be adversely affected by other political, economic, business and/or competitive factors; the impact of COVID-19 and its related effects on our results of operations, financial performance or other financial metrics; the inability or unavailability to use or take advantage of the shift, or lack thereof, to EVA technology; pending or potential litigation; and other factors beyond our control. Additional factors can be found in our Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (SEC). REDBIRD WILL A Team ofLeaders. Blades core operations in last mile air mobility, jet charter, and organ transplant flights overlap with RedBirds existing aviation portfolio, and both companies expect to be leading supporters of aviations eventual transition towards Electric Vertical Aircraft (EVA or eVTOL) technology. See the complete profile on LinkedIn and discover Tuckers connections and jobs at similar companies. This press release contains forward-looking statements” within the meaning of the safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The private-equity firm RedBird Capital Partners has amassed a more than 5% stake in the air-transportation provider Blade Air Mobility Inc., according to the investment firms founder. Not a whole lot. in Geosystems Engineering & Hydrogeology from the University of Texas at Austin. OneTeam Valued at $1.9 Billion as RedBird Sells Stake to Private Equity. RedBird Capital Partners is a private investment firm that builds high-growth companies and provides strategic capital solutions to founders and entrepreneurs. Its asset-light model, coupled with its exclusive passenger terminal infrastructure, is designed to facilitate a seamless transition to Electric Vertical Aircraft (EVA” or eVTOL”), enabling lower cost air mobility to the public that is both quiet and emission-free. All content is We believe that our team is the most important part our success so here at RedBird, we make sure that we offer cutting-edge skills and techniques that ensure that our Throughout his 30-year career, Cardinale has partnered with founders and entrepreneurs to build some of the most iconic platform companies in these industry verticals. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Blades control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Website: www.redbirdcap.com Headquarters: New York, NY Size: 1 to 50 Employees Type: Company - Private Revenue: Unknown / Non-Applicable Competitors: Unknown RedBird The company is the largest dedicated air transporter of human organs for transplant in the U.S., he said. Legal Statement. We have wide a network of offices in all major locations to help you with the services we offer, With the help of our worldwide partners we provide you with all sanitation and cleaning needs. Blade Air Mobility provides short-distance passenger flights throughout the U.S., Canada, Europe and India. Throughout his 30-year career, Cardinale has partnered with founders and entrepreneurs to build some of the most iconic platform companies in these industry verticals. He holds a B.S. These statements are based on managements current expectations and beliefs, as well as a number of assumptions concerning future events. Blade is a technology-powered, global air mobility platform committed to reducing travel friction by providing cost-effective air transportation alternatives to some of the most congested ground routes in the U.S. and abroad. LOS ANGELES, CA & NEW YORK, NY - July 19, 2022 - RedBird Capital Partners (RedBird), along with private markets investment firm StepStone Group (Nasdaq: STEP), Our clients, our priority. Please check back at a later date. This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Gerry has developed some of the most exciting platforms in aviation, sports and entertainment and the strengthening of our partnership with RedBird will allow us to supercharge our offerings to Blade fliers in the U.S and Europe, said Rob Wiesenthal, Blades CEO. The firm participated in a private investment in public equity at that time, alongside Blades merger with a special-purpose acquisition company, or SPAC, sponsored by the travel - and leisure-focused firm KSL Capital Partners. Gerry has developed some of the most exciting platforms in aviation, sports and entertainment and the strengthening of our partnership with RedBird will allow us to supercharge our offerings to Blade fliers in the U.S and Europe, said Rob Wiesenthal, Blades CEO. These statements are based on managements current expectations and beliefs, as well as a number of assumptions concerning future events. The firm currently manages over $7.5 billion in assets on behalf of a global group of blue chip institutional and family office investors. We will not release or resell your information to third parties without your permission. Investors@Blade.com, RedBird Media Relations Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Commercial Real Estate Analyst at Beacon Capital Partners Burlington, All rights reserved. The partnership will also allow us to build our fast-growing organ transplant flight business and source acquisitions that can benefit from our global brand, infrastructure and tech platform ultimately accelerating our timeline to achieving profitability while enhancing our growth trajectory.” Blade is an integral part of our broader aviation investment strategy which looks to benefit from current aviation market growth as well as future disruption from the transition of helicopters to Electric Vertical Aircraft,” said Gerry Cardinale, RedBird Founder and Managing Partner. Glassdoor gives you an inside look at what it's like to work at RedBird, including salaries, reviews, office photos, and more. WebSupport Contact. All rights reserved. Blade is a technology-powered, global air mobility platform committed to reducing travel friction by providing cost-effective air transportation alternatives to some of the most congested ground routes in the U.S. and abroad. WORK AT REDBIRD. Very relaxed. The firm currently manages over $7.5 billion in assets on behalf of a global group of blue chip institutional and family office investors. This is the RedBird company profile. RedBird Capital is nearing a deal to acquire more than 10% of Fenway Sports Group for approximately $750 million, according to individuals familiar with the matter. RedBird Capital Partners - Funding, Financials, Valuation & Investors Investment Firm RedBird Capital Partners Connect to CRM Summary Financials Investments People Technology Signals & News Similar Companies Highlights Funding Rounds 1 Funds 4 Funding RedBird Capital Partners has raised a total of in funding If you change your Facebook permissions to restrict Stockhouse from receiving your email while joining or signing in to Stockhouse then it will fail. RedBird, best known for its investments in media companies and pro sports teams including the Boston Red Sox and AC Milan, has built the stake since originally taking a 1% Delayed Nasdaq LOS ANGELES, CA & NEW YORK, NY - July 19, 2022 - RedBird Capital Partners (RedBird), along with private markets investment firm StepStone Group (Nasdaq: STEP), today announced a definitive agreement to acquire a majority stake in Talent Systems, the preeminent casting software and talent marketplace for the entertainment industry. RedBird, best known for its investments in media companies and pro sports teams including the Boston Red Sox and AC Milan, has built the stake since originally taking a 1% position in Blade in 2021, according to the firms founder and managing partner, Gerry Cardinale. The investment is one of several aviation deals for RedBird, which has invested around $200 million across these businesses, according to Mr. Cardinale. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. In the case of Blade, we will look to leverage the breadth and depth of our aviation, sports, media and experiential consumer properties to further Blade’s strategic growth objectives and continue to provide premium offerings to its end users consistent with the Blade brand.” Blade is a technology-powered, global air mobility platform committed to reducing travel friction by providing cost-effective air transportation alternatives to some of the most congested ground routes in the U.S. and abroad. 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This information is available in the PitchBook Platform. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Steven Loh Chief Financial Officer RedBird’s founder, Gerry Cardinale, has been invested in Blade since 2016, and collectively the RedBird and Blade teams have closely collaborated as each has built out its respective aviation business. Powered and implemented byFactSet Digital Solutions. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. RedBird and Blade will also leverage tactical alliances across RedBirds portfolio to accelerate Blade's growth objectives across all of its business lines. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and Blade undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The deal values the owner of the Boston Red Sox and Liverpool FC at more than $7 billion, according the people, who were granted anonymity because the matter is private. Quotes displayed in real-time or delayed by at least 15 minutes. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and Blade undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include: risks associated with the ability to consummate the Trinity transaction and the timing of the closing of the transaction; the ability to successfully integrate Blade and Trinity operations and employees; the ability to realize anticipated benefits and synergies of the Trinity transaction; the potential impact of the announcement of the Trinity transaction or consummation of the transaction on relationships, including with employees, customers and competitors; the ability to retain key Trinity personnel; the ability to achieve performance targets; loss of our customers; decreases in our existing market share; effects of competition; effects of pricing pressure; the inability of our customers to pay for our services; the loss of our existing relationships with operators; the loss of key members of our management team; changes in our regulatory environment, including aviation law and FAA regulations; the inability to implement information systems or expand our workforce; changes in our industry; heightened enforcement activity by government agencies; interruptions or security breaches of our information technology systems; the expansion of privacy and security laws; our ability to expand our infrastructure network; our ability to identify, complete and successfully integrate future acquisitions; our ability to remediate any material weaknesses or maintain effective internal controls over financial reporting; the ability to continue to meet applicable listing standards; costs related to our business combination; the possibility that we may be adversely affected by other political, economic, business and/or competitive factors; the impact of COVID-19 and its related effects on our results of operations, financial performance or other financial metrics; the inability or unavailability to use or take advantage of the shift, or lack thereof, to EVA technology; pending or potential litigation; and other factors beyond our control.
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