ITHAX Acquisition Corp. (Nasdaq: “ITHX”) is a special purpose acquisition company (SPAC) formed by the founder of Ithaca Capital Partners and the principals of AXIA Ventures Group.
We are focused on identifying a business combination within the leisure, hospitality, travel, and related technology and services sectors, with a targeted enterprise value in excess of $600m. Geographically, our primary focus in the United States and secondary in Europe, Asia and Latin America.
We believe that the travel, leisure and entertainment industry is ripe for technological disruption. The COVID pandemic has acted as catalyst and an opportunity for disruptors who are reinventing the sector and thriving to become the new champions.
The founder of Ithaca Capital Partners, a real estate private equity fund and the principals of AXIA Ventures, a leading boutique investment bank, are uniquely positioned to capitalize on this opportunity:
- Deep knowledge of the sector to identify the trends and macro dynamics that will transform the industry.
- Direct access to the founders, CEOs, private equity and venture capital backers of the future sector champions.
Sector specific expertise
Our team has over 40 years of combined sector-specific experience, including more than 280 hotels and resorts with an aggregate transaction volume of over $4bn. We also have general deal-making experience with over 70 years’ combined experience in transaction, finance, and investment advisory with a combined value of over $33 billion.
Speed to market
We target dynamic companies that are mature and large enough, with visionary management teams and ready for a transition to the public markets.
Investment professionals and back office support
Our team has the resources in place to execute on our investment strategy. We have combined access to unique resources of 50+ professionals in 6 offices; Miami, New York, London, Milan, Athens and Nicosia.
Long term Value creation
We have the resources and networks to optimize capital structure, provide strategic board oversight, complement management team, enhance revenues/bottom line, source accretive ad-on acquisitions, diversify shareholder base and create a larger and more profitable combined entity with a more liquid share price.