Tabhi Acquires Mondee Holdings Out of Chapter 11 Restructuring
April 4, 2025
Tabhi Inc. acquired substantially all assets of Mondee Holdings, Inc. as part of Mondee's Chapter 11 restructuring, with new equity and credit support from affiliates of TCW Asset Management, Morgan Stanley Investment Management and Wingspire Capital. The transaction reduced Mondee's debt, strengthened liquidity, and resulted in Prasad Gundumogula taking a majority equity stake while Tabhi named Kumar R. Parakala CEO of North America to accelerate AI-powered travel offerings.
- Buyers
- Tabhi Inc., TCW Asset Management Company LLC, Morgan Stanley Investment Management, Wingspire Capital LLC, Prasad Gundumogula
- Targets
- Mondee Holdings, Inc.
- Sellers
- Mondee Holdings, Inc.
- Industry
- AI & Machine Learning
- Location
- Texas, United States
- Transaction Type
- Buyout
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.