PRESS RELEASE
6 August 2022

Ogier Advises ITHAX Acquisition Corp. On Its Business Combination With Mondee Inc.

O
Ogier

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Ogier provides legal advice on BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg law. Our network of locations also includes Beijing, Hong Kong, London, Shanghai, Singapore and Tokyo. Legal services for the corporate and financial sectors form the core of our business, principally in the areas of banking and finance, corporate, investment funds, dispute resolution, private equity and private wealth. We also have strong practices in the areas of employee benefits and incentives, employment law, regulatory, restructuring and corporate recovery and property. Our corporate administration business, Ogier Global, works closely with Ogier's partner-led legal teams to incorporate and administer a wide variety of vehicles, offering clients integrated legal and corporate administration services. We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients.
Ogier's Cayman Islands team has advised ITHAX Acquisition Corp. (ITHAX), a special purpose acquisition company (SPAC), on its business combination with Mondee Inc...
Cayman Islands

Ogier's Cayman Islands team has advised ITHAX Acquisition Corp. (ITHAX), a special purpose acquisition company (SPAC), on its business combination with Mondee Inc., a high-growth, technology-first travel marketplace with a portfolio of leading global brands in the leisure, retail, and corporate travel sectors.

The business combination involved ITHAX re-domiciling as a Delaware corporation. As a result of the merger transactions, which closed on 18 July 2022, the combined company is now known as Mondee Holdings, Inc. (Mondee) and its Class A common stock and warrants trade on the Nasdaq Global Market under the ticker symbols "MOND" and "MONDW", respectively.

Mondee debuted on Nasdaq with a market capitalisation of approximately US$740 million and it will collect around US$77 million in funding from the transaction.

The Ogier team was led by corporate partner Bradley Kruger and associate Caroline Dekker.

Reed Smith was US legal counsel for ITHAX, and Kirkland & Ellis counselled Mondee Inc.

Bradley said: "We're delighted to have worked with ITHAX and offer our expertise on such a significant transaction. Despite volatile market conditions, it's great to see this and a number of other de-SPAC business combinations proceeding successfully."

Contributor

Ogier  logo
Ogier provides legal advice on BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg law. Our network of locations also includes Beijing, Hong Kong, London, Shanghai, Singapore and Tokyo. Legal services for the corporate and financial sectors form the core of our business, principally in the areas of banking and finance, corporate, investment funds, dispute resolution, private equity and private wealth. We also have strong practices in the areas of employee benefits and incentives, employment law, regulatory, restructuring and corporate recovery and property. Our corporate administration business, Ogier Global, works closely with Ogier's partner-led legal teams to incorporate and administer a wide variety of vehicles, offering clients integrated legal and corporate administration services. We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients.

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