ASAQ

Unit Split

Atlantic Avenue Acquisition Corp

Raised
$250M
CIK
1819510
SPAC Ticker
ASAQ.U
Focus
Technology, Media, Telecommunications, Healthcare, FinTech, Financial Services, Consumer
External link: SEC Filings

SPAC Team

Leadership

Ashok Nayyar has been our Chief Executive Officer and has served as our Chairman of our board of directors since our inception in July 2020. Mr. Nayyar is the Founder and has served as the Managing Director and Chief Investment Officer of MC since May 2013. Mr. Nayyar has over 18 years of bulge-bracket finance experience. He was the co-head of Global Leveraged Finance at Morgan Stanley & Co. LLC (“Morgan Stanley”) from 2006 to 2008 where he had responsibility for leveraged loans, high yield bonds, asset-based loans, debtor-in-possession lending, non-investment grade and investment grade acquisition finance and syndication of all non-investment grade debt transactions. Mr. Nayyar joined Salomon Brothers in 1989 and was a Managing Director in the Leveraged Finance group at Citigroup from 1997 to 2006. He served as co-head of the North American Leveraged Finance group at Citigroup from 2003 to 2006. Under his leadership, Citigroup moved from the number four ranked high yield underwriter to number one. Mr. Nayyar was a member of the Debt Capital Markets Management Committee at Citigroup and a member of the Investment Banking Management Committee and the Global Capital Markets Management Committee at Morgan Stanley. In addition to his responsibility for supervising all leveraged capital raising as group head at Citigroup and Morgan Stanley, Mr. Nayyar has worked on and overseen transactions which raised in excess of $250 billion in leveraged loans, bridge loans, high yield bonds and mezzanine debt. Mr. Nayyar serves on the board of directors of Ryan, LLC and formerly served on the board of Endeavor International Corporation. Mr. Nayyar holds an M.B.A. from the University of Chicago Graduate School of Business and a B.A. from Columbia University. Mr. Nayyar’s significant investment and financial expertise make him well qualified to serve as a member of our board of directors.

David Gelobter has been our Co-President and Secretary since our inception in July 2020. Mr. Gelobter has served as a Managing Director of MC since October 2015. Prior to joining MC, Mr. Gelobter was the Managing Principal of Emerson Capital, LP, a hedge fund which he founded in 2006 that focused on consumer and services companies as well as special situations, from June 2007 to September 2015. From 2003 to 2005, Mr. Gelobter was an Analyst at Tremblant Capital Group (“Tremblant”), a hedge fund focused on the consumer industry. Prior to Tremblant, he was a Director in the Financial Sponsors Group at Citigroup and Salomon Brothers from 1993 to 2002. Mr. Gelobter started his career in operational and investment roles at General Electric and GE Capital Inc. He is currently a member of the board of trustees for New York Public Radio and a member of the board of directors of Mobile Technologies Inc. Mr. Gelobter holds an M.B.A. from the Harvard Business School and a B.A. from Williams College.

Michael Zimmerman has been our Co-President since our inception in July 2020. Mr. Zimmerman is a Co-Founder and has served as Managing Director of MC since May 2013. Prior to joining MC, Mr. Zimmerman was a Senior Managing Director of Cyan Partners, LP and from 2004 to 2011 served as President of Tower Capital, LLC, a hedge fund of funds providing manager selection, portfolio management, hedging, risk management and monitoring services. From 1994 to 2003, he was a Managing Director in Investment Banking at Salomon Brothers and then the Global Head of Private Equity at Citigroup. Mr. Zimmerman managed the firm’s relationships with many of the industry’s largest private equity franchises. He also provided strategic advisory services to multiple sponsors. Additionally, he ran capital raising for PIPEs, private equity and mezzanine capital raising for corporate clients. Previously, Mr. Zimmerman was a Managing Director at CS First Boston Group. During his seventeen-year tenure, Mr. Zimmerman was a senior member of the Financial Buyer’s Group, providing investment banking services to private equity clients of the firm. For the first ten years of his career, he was a senior member of the Private Finance Group, and before that was in the Debt Capital Markets Group. Mr. Zimmerman holds an M.B.A. from Columbia University Graduate School of Business and a B.A. from the University of North Carolina at Chapel Hill.

Barry Best has been our Chief Financial Officer since our inception in July 2020. Mr. Best has served as a Director of MC since April 2016. Mr. Best has more than 25 years of investment management, investment banking and capital markets experience. He was previously the President of AEG Capital, LLC, a Chicago-based investment banking firm focused on advising middle market companies in connection with mergers and acquisitions and capital raising from October 2012 to March 2016. From 2006 to 2009, Mr. Best was the head of Sagent Advisors, LLC’s Private Capital Markets Group. Prior to that he held several senior positions at Citigroup (including its predecessor firms, Salomon Brothers and Salomon Smith Barney) in the Mergers and Acquisitions and Financial Entrepreneurs Groups. Mr. Best began his career in 1989 as a member of Salomon Brothers’ Mergers and Acquisitions Group, where he was a co-founder of the Financial Sponsors Group. He is a member of the board of directors of Mobile Technologies Inc. and Precision Spine, Inc. Mr. Best holds an M.B.A. from the University of Chicago Graduated School of Business and a B.A. from the University of Illinois.

Mark Field has served on our board of directors since our inception in July 2020. Mr. Field has served as a Managing Director of MC since July 2013. Mr. Field brings over forty years of experience in fixed income and high yield sales and trading to MC. Mr. Field was most recently the Co-Head of High Yield and a Senior Managing Director at Guggenheim Securities, LLC (“Guggenheim Securities���) from 2010 to 2013. Prior to Guggenheim Securities, Mr. Field was the Co-Founder, Principal and President of Summit Securities Group (“Summit Securities”), a boutique high yield sales and trading broker dealer. Prior to co-founding Summit Securities, Mr. Field was the Head of Fixed Income and a member of the Executive and Operating Committees of Schroder Investment Management North America Inc. (“Schroders”) from 1996 to 2000. Before Schroders, Mr. Field spent 23 years at Salomon Brothers where he was the Branch Manager of Chicago, Salomon’s largest regional office, the Head of Chicago Taxable Fixed Income Sales and ultimately the Head of High Yield. Mr. Field earned a M.S. in Finance from the University of California at Los Angeles and a B.S.B.A. from the University of Denver. Mr. Field’s significant financial and investment expertise makes him well qualified to serve as a member of our board of directors.

James Dubin has agreed to serve on our board of directors following the completion of this offering. Mr. Dubin has served as the Executive Chairman of Conair Corporation, a global manufacturer and distributor of hair fashion and kitchen appliances and accessories since January 2018. Mr. Dubin has also served as the Managing Partner of Madison Place Partners, LLC, a financial and organizational consulting firm, and as the Chairman of Lighthouse Guild International, a non-profit devoted to vision rehabilitation and advocacy for the blind and visually impaired, both since 2012. Prior to that, Mr. Dubin served as a senior partner of Paul, Weiss, Rifkind, Wharton & Garrison LLP, where he served as chair of the firm’s Corporate Department, a member of its Management Committee and chair of its Finance Committee. Mr. Dubin is a member of the board of directors of Conair Corporation, Emmis Communications Corporation, where he also serves as a member of the executive, audit, compensation and governance committees since 2012, and Omega Flex, Inc., where he also services as a member of the executive, audit and corporate governance committees since February 2019. Mr. Dubin has also served as a member of the board of directors of Carnival Corporation and Carnival plc. Mr. Dubin is Vice Chairman of the Board of Governors of Tel Aviv University from 2004 and a past chair of its Buchmann Faculty of Law. Mr. Dubin has served as Treasurer of the Friends of Neuberger Museum of Art since 2020. Mr. Dubin is a former Chairman of The National Foundation for Advancement in the Arts (now Young Arts) and a former President of the Board of Trustees of Williston Northampton School. Further, Mr. Dubin has served as a member of the Board of Trustees of the American Ballet Theatre, the Miami City Ballet, the Presidential Scholars Foundation, the Jewish Home Lifecare System and as Vice Chair of the Board of Trustees of the Solomon Schechter School of Westchester. Mr. Dubin received a Bachelor of Arts Degree from the University of Pennsylvania and a Juris Doctor from Columbia University School of Law. Mr. Dubin’s significant legal, financial and investment expertise makes him well qualified to serve as a member of our board of directors.

Thomas Neff has agreed to serve on our board of directors following the completion of this offering. Since 1976, Mr. Neff has served in various roles at Spencer Stuart Management Consultants, N.A., the global executive search and leadership advisory firm. Mr. Neff currently serves as Chairman of Spencer Stuart, U.S. and previously managed the worldwide firm from 1979 to 1987. Previously, Mr. Neff was a Principal with Booz Allen & Hamilton, the consulting firm. Earlier, Mr. Neff was CEO of Hospital Data Sciences, an information systems company. Mr. Neff began his career as a consultant with McKinsey & Company, the global consulting firm, and worked in both New York and Australia. After McKinsey, Mr. Neff held a senior marketing position with TWA, the global airline. Mr. Neff currently serves on the board of Accolade, Inc., the publicly traded health, fitness and wellness company, and is chair of the compensation committee and also sits on the nominating and governance committee. Previously, Mr. Neff served for 16 years on the board of directors of ACE Limited, which was renamed Chubb, a Zurich-based global insurance company which now has in excess of $30 billion in revenues, as well as three other public companies. Hewitt Associates, Macmillan and Exult, until they were acquired. In each case, he chaired the compensation and/or nominating committees. Mr. Neff also previously served on the board of Lord Abbett Mutual Funds, with assets in excess of $150 billion. Mr. Neff is a Trustee Emeritus of Lafayette College and past Chairman of the Board of Trustees of Brunswick School in Greenwich, CT. Previously, Mr. Neff served on the board of directors of Greenwich Hospital and the Stanwich Club. Mr. Neff holds an M.B.A. from Lehigh University and a B.S. in Industrial Engineering from Lafayette College. Mr. Neff served as an officer and aide de camp in the U.S. Army. Mr. Neff’s significant experience in leadership and board consulting and his extensive experience serving on public boards and his experience serving as chairman of multiple committees makes him well qualified to serve as a member of our board of directors.

Robert Halmi has agreed to serve on our board of directors following the completion of this offering. Mr. Halmi is currently the Chairman and majority shareholder of Great Point Media, a U.K.-based media fund, as well as CEO of Great Point Capital, a U.S. private equity fund that invests in television and film infrastructure. Prior to Great Point Media, he was the President and CEO of RHI Entertainment, Inc., which was the successor to Hallmark Entertainment, LLC (a wholly-owned subsidiary of Hallmark Cards), which Mr. Halmi and members of senior management and affiliates acquired in 2006. Under Mr. Halmi’s leadership, Hallmark Entertainment was one of the largest suppliers of movies and miniseries in the television industry. Prior to that, Mr. Halmi was instrumental in the formation of Crown Media Holdings, where he founded the Hallmark Channel. He is also an accomplished and prolific film and television producer. He has produced more than 50 theatrical motion pictures and more than 350 movies and miniseries for television, including Lonesome Dove, which earned seven Emmy Awards and a Golden Globe for Best Miniseries. Mr. Halmi’s productions have earned 76 Emmy Awards and were nominated for over 300 Emmy Awards. His career as a film producer began in 1980 with Wilson's Reward, which garnered numerous awards, including a gold medal at the Houston Film Festival. He has produced many award-winning television “events,” including Dreamkeeper, Dinotopia, Arabian Nights, The 10th Kingdom, Cleopatra, Alice in Wonderland, Supernova, Neverland, Treasure Island, Tin Man, Mitch Albom's The Five People You Meet in Heaven and King Solomon's Mines. Mr. Halmi’s significant private equity and investment experience and public and private company leadership roles make him well qualified to serve as a member of our board of directors.