BERLIN, March 18, 2025 /PRNewswire/ — AirHelp Inc. (“AirHelp”), the global leader in air passenger rights and compensation claims management, is excited to announce a significant minority investment from Abry Partners (“Abry”), a leading North American private equity firm. Abry will acquire a minority stake in AirHelp through a secondary investment, allowing AirHelp to return capital to its long-time supportive shareholders.

Empowering Air Passengers Worldwide

AirHelp has been at the forefront of advocating for air passenger rights, helping millions of travelers secure compensation for flight disruptions. The fight for air passenger rights has never been more important as most passengers still don’t know their rights and airlines continue to wrongfully reject millions of claims. With this new investment from Abry, AirHelp aims to continue the fight by making it easier for passengers to know their rights and claim and receive the compensation they deserve.

A Strategic Partnership

The investment from Abry Partners marks a significant milestone for AirHelp. This partnership will provide AirHelp with valuable resources and expertise to strengthen its presence in the US market and explore new revenue opportunities. Abry’s extensive experience in insurance, media, communications, and business services will be instrumental in driving AirHelp’s growth and innovation.

“A decade ago, we entered uncharted territory to help air passengers with flight disruptions—there was no established model, no market awareness, and no existing solutions. We built everything from scratch, overcoming countless challenges to become the global leader in air passenger rights. Over the past 10 years, we’ve proudly transformed the customer rights space, empowering millions of travelers. Today, we’re excited to welcome Abry Partners on this journey. Their investment validates our vision and will accelerate our mission to better serve travelers worldwide,” said Henrik Zillmer, Founder and Chairman of the Board of AirHelp.

“We are thrilled to welcome Abry Partners as a key investor in AirHelp. This partnership will enable us to accelerate our growth and continue to provide exceptional service to air passengers worldwide. Abry’s expertise and resources will be invaluable as we potentially expand our presence in the US market and explore new opportunities for innovation. As a profitable company for several years, this investment aligns with our objective to reward investors who have supported us through various stages of growth,” said Tomasz Pawliszyn, CEO of AirHelp.

“AirHelp has established itself as a leader in the air passenger rights space, and we are excited to support their mission to make air travel more transparent and fairer for everyone. We look forward to working closely with the AirHelp team to drive growth and create value for all stakeholders,” said Anders Bjork, Partner at Abry Partners.

In connection with the transaction, AirHelp was assisted by UBS AG London Branch as exclusive financial advisor and by White & Case LLP and Piciocchi Legal PLLC as legal advisors. Abry was assisted by Nomura International plc and Kirkland & Ellis LLP.

About AirHelp Inc.

Advertisement

AirHelp is the world’s largest air passenger rights organization. Since its founding in 2013, the company has helped travelers enforce compensation for delayed or cancelled flights, as well as in the event of denied boarding. In addition, AirHelp takes legal and political action to further strengthen the rights of air passengers worldwide. More information about AirHelp can be found at: https://www.airhelp.com/ 

The current AirHelp investors include Nordic Eye, Khosla Ventures, TempoCap, as well as private individuals and business angels.

About Abry Partners

Abry Partners is one of the most experienced and successful sector-focused private equity investment firms in North America. Since its founding in 1989, the firm has completed over $90 billion of leveraged transactions and other private equity or preferred equity placements. Currently, the firm manages over $5.0 billion of capital across its active funds. For more information about Abry Partners, visit www.abry.com.

Contact Information

For further information, please contact:

Tomasz Pawliszyn
CEO
AirHelp Inc.
tomasz.pawliszyn@airhelp.com

View original content:https://www.prnewswire.co.uk/news-releases/airhelp-secures-significant-minority-investment-from-abry-partners-302404789.html

FLORIDA COMPLAINT OUTLINES A PREMEDITATED AND MASSIVE FRAUD PERPETRATED BY BRECKA AND WORKINGER OVER AN 18 MONTH PERIOD, AND INCLUDES CLAIMS FOR FRAUDULENT INDUCEMENT, UNFAIR COMPETITION, BREACHES OF EXECUTIVE SERVICES AGREEMENTS, MISAPPROPRIATING COMPANY RESOURCES, BREACHES OF FIDUCIARY DUTIES, AND FOR A CONSTRUCTIVE TRUST OVER ALL SIDE BUSINESSES AND ASSOCIATED PROFITS

MIAMI, March 18, 2025 /PRNewswire/ — Following three months of additional investigation after the original filing of its federal trademark lawsuit against the Gary Brecka-managed entity “The Ultimate Human, LLC,” Cardone Ventures LLC and its subsidiary 10X Health Ventures LLC filed two additional multi-million-dollar lawsuits on March 17, 2025.

A new complaint filed in Miami-Dade County, Florida state court, sets forth how 10X Health ex-senior executives, Gary Brecka and Sage Workinger, allegedly perpetrated a massive fraud against 10X Health and its majority owner, Cardone Ventures.

As detailed in the Florida complaint, Brecka was a relatively unknown “biohacker” with a history of broken business relationships, running an underperforming strip mall operation with his then-partner/now wife, Sage Workinger, before presented with the opportunity to align with Grant Cardone and Brandon Dawson in a new venture, 10X Health. With Cardone’s relationships and marketing, along with Dawson’s savvy business building and scaling system, revenues skyrocketed in the succeeding three years from $4 million to $120 million, while Brecka’s and Workinger’s combined net income catapulted from just hundreds of thousands of dollars per year to $11.2 million.

However, the relationship soon soured in early 2023 when 10X Health removed Brecka’s daughter from certain patient-facing activities for compliance-related reasons. With Brecka’s backing, his daughter resigned from 10X Health and opened a business to which Brecka would funnel 10X Health clients. Brecka then forced his daughter to share between 50-100% of transactional revenue with him, threatening that he would report her new entity to the authorities for providing services without a license unless she capitulated.

At the same time, some 18 months before 10X Health was forced to terminate them, Brecka and Workinger retained a law firm to advise them in “NON-COMPETE LITIGATION,” and covertly established a competing business structure. At the very time their contracts dictated they devote “substantially all” of their time to 10X Health, Brecka and Workinger used 10X Health assets and personnel to secretly build multiple, unauthorized side businesses, partnerships, and co-marketing and equity arrangements that they allegedly value at $100 million, from which they earned over $13 million in 2024 alone.

The complaint summarizes revelations from a recent resignation letter authored by Ultimate Human’s own CFO, in which he states:

• At your direction, business and ownership arrangements were structured specifically to circumvent the non-compete provisions of the 10X Health business, a practice I am uncomfortable participating in.

The Complaint’s allegations recount instances where persons other than partners and family members were victimized and villainized. In one more example from the resignation letter of Ultimate Human’s CFO, he describes how Brecka berated employees and threatened to “burn” the CFO and his family to the ground:

• I have on several occasions witnessed extremely volatile behavior, including threats toward employees and partners over perceived injustices or mistakes. On the evening Akemi was terminated you told me that “you would burn me and my family to the ground.” Last week on 2/28/25 you told the entire team that you had the wrong management team in place and “didn’t know what the fuck we do all day” after a word was omitted from a slide in your presentation. In this manner, individuals have been villainized to fit the level of anger displayed, which has created an unstable work environment.

In the Florida lawsuit, Cardone Ventures and 10X Health seek a clawback of more than $15 million paid to Brecka and Workinger, the disgorgement of all profits from their unauthorized activities, an assignment of all rights and profit interests arising from the side businesses and other relationships formed during the term of their agreements, an injunction against further breach of their non-competition clauses, and additional damages and relief under Florida law.

In the Delaware lawsuit, Cardone Ventures and 10X Health allege that IJS Presentations, LLC and Turning Point Holdings, LLC (the companies through which Brecka and Workinger hold their minority ownership interests in 10X Health) breached the 10X Health operating agreement by actively competing with 10X Health, both during and after Brecka’s and Workinger’s tenure at 10X Health, and by publicly disparaging 10X Health and its products. Cardone Ventures and 10X Health seek damages, declaratory relief, and an injunction. 

Cardone Ventures’ previous lawsuit against Ultimate Human, LLC for infringement of the mark ULTIMATE HUMAN ANALYSIS® is entering the discovery phase in the U.S. District Court for the Southern District of Florida (Miami). In its Amended Complaint filed on February 6, 2025, Cardone Ventures asserts claims of trademark infringement and unfair competition, and seeks cancellation of the ULTIMATE HUMAN trademark.

Businesses and individuals who may have experienced circumstances with Gary Brecka similar to those alleged in the above Complaints may leave confidential information for the legal team to review at legal@cardoneventures.com. The legal team can also supply copies of the Complaints upon request.

Advertisement

Contact Media@CardoneVentures.com

View original content:https://www.prnewswire.co.uk/news-releases/cardone-ventures–10x-health-ventures-file-two-additional-lawsuits-in-florida-and-delaware-state-courts-against-gary-brecka-sage-workinger-and-their-affiliated-companies-302404710.html

BERLIN, March 18, 2025 /PRNewswire/ — From March 4-6, 2025, ITB Berlin, the world’s leading travel trade show—kicked off in Germany, gathering over 5800 exhibitors and industry leaders from 170 countries. This year’s theme, “The World of Travel Lives Here” highlighted the digital transformation shaping the future of global tourism. As a leading enterprise payment provider in the airline and travel industry, YeePay showcased its one-stop global enterprise account solution, demonstrating how seamless payments are at the heart of a connected global travel ecosystem.

At ITB Berlin, Hua Lei, Senior Vice President and Head of International Business at YeePay, shared insights into how evolving visa-free policies are boosting inbound tourism to China, unlocking new business opportunities.

“Payments serve as the bridge, connecting businesses, distributors, and travelers. We are dedicated to creating efficient and secure payment solutions that facilitate seamless transactions between China and global travelers, as well as between Chinese and international businesses,” said Hua Lei.

During the event, YeePay engaged with global airline and travel companies, system providers, and payment technology firms, exploring collaborations to drive digital transformation across the travel industry. YeePay introduced its one-stop global enterprise account solution, designed to streamline complex cross-border transactions with low costs, competitive exchange rates, and fast processing speeds. By leveraging a comprehensive global collection, payment, and FX management system, YeePay enables travel businesses to efficiently handle international payments, foreign exchange management, and financial settlements. All within a single account.

As the travel industry embraces digitalization and globalization, YeePay is accelerating its global expansion to further enhance collaboration and co-innovation with travel businesses worldwide. The company remains committed to driving the evolution of global payment services, making transactions smarter, more seamless, and more efficient.

At ITB Berlin, YeePay not only showcased the strength of China’s payment technology but also reinforced its vision of fostering open, collaborative, and innovative partnerships to support the global travel industry. As the event’s theme suggests, “The World of Travel Lives Here”and YeePay is helping connect the world’s travel ecosystem through payments.

About YeePay

Founded in 2003, YeePay is a leading enterprise payment service provider in China, offering secure, innovative, and intelligent transaction solutions across industries such as airlines & travel, retail, fintech, and cross-border commerce. With a focus on financial inclusion and technological innovation, YeePay empowers businesses with seamless digital financial services.

For more information on YeePay, visit https://global.yeepay.com.

Photo – https://mma.prnewswire.com/media/2642820/Hua_Lei_Senior_Vice_President_Head_International_Business_YeePay.jpg

Advertisement

View original content:https://www.prnewswire.co.uk/news-releases/yeepay-at-itb-berlin-2025-building-a-digital-bridge-for-global-travel-through-payments-302403791.html