Press Release

Kirkland Advises Mondee on Combination with ITHAX; Combined Company Valued at $1 Billion

Kirkland & Ellis counseled Mondee Inc., a rapid growth, technology-first travel marketplace with a portfolio of globally recognized brands in the leisure, retail and corporate travel sectors, on its decision to enter into a business combination agreement with ITHAX Acquisition Corp. (NASDAQ: ITHX). Upon completion of the transaction, which is expected to occur in the first half of 2022, the combined company will retain the Mondee name and is expected to be traded on The Nasdaq Stock Market, LLC under the new ticker symbol “MOND.” Post-closing, the combined company is expected to have an implied pro forma equity value of approximately $1 billion; all proceeds are expected to primarily implement an accretive M&A strategy and optimize the company’s capital structure.

Read Mondee’s press release

The Kirkland team was led by corporate partners Michael Considine and Michele Cumpston and associates Allison Lancaster, Sara Phipps, Alan Radegan and Michael Lunzer; capital markets partner Alex Lloyd and associate Aubrey Trudeau; and tax partners Vincent Thorn and Liam Murphy and associate Aime Salazar; and included support from corporate partner Sean Kramer and debt finance partner Ranesh Ramanathan.