Knighthead Capital completed the acquisition of a stake in Birmingham Panthers.

Knighthead Capital, an investment adviser, completed the acquisition of a stake in Birmingham Panthers, a professional basketball club. Financial terms were not disclosed. "Our operations in Birmingham and the West Midlands are guided by the core principle that sport has a unique ability to bring people together. Netball is a sport on the rise and adding it to our portfolio is another step towards our ultimate ambition, a Sports Quarter that will promote investment and create jobs, growth and opportunities at an unprecedented scale in East Birmingham," Thomas Wagner, Knighthead Capital Co-Founder and Co-Managing Member.