Walkers Acts on Holisto and Moringa Proposed Merger

Walkers' London team is acting as Cayman counsel to Holisto Ltd. in relation to its proposed merger with Moringa Acquisition Corp (Nasdaq: MACA), a special purpose acquisition company (SPAC). 

The merger will result in Holisto becoming publicly listed on the Nasdaq and values Holisto at approximately US$405 million.

The Walkers' London team is led by partner, Neil McDonald, with assistance from senior counsel James Denham, senior associate Tom Esler, and associate Catherine Outerbridge.

Neil McDonald said:  "We are delighted to be assisting Holisto in this exciting merger with Moringa.  The global online hotel booking market is forecasted to continue to grow and this transaction will enable Holisto to further scale and expand their business."

Walkers is working alongside Israeli law firm, Shibolet & Co, and US law firm, Ellenoff Grossman & Schole LLP.  The transaction is expected to close in Q4 2022.

LONDON
Neil McDonaldPartnerT +44 (0)20 7220 4990neil.mcdonald@walkersglobal.com
James DenhamSenior CounselT +44 (0)20 7220 4978james.denham@walkersglobal.com
Tom EslerSenior AssociateT +44 (0)20 7220 4971tom.esler@walkersglobal.com
Catherine OuterbridgeAssociateT +44 (0) 20 7903 8705catherine.outerbridge@walkersglobal.com

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