Zukin Partners Launches Zukin Certification Services to Support High Quality SPACs
“Leave it to
“Until today, there has been no external validation of the quality of a SPAC’s preparation, no certification of readiness, but we endeavor to change that,” says
“I have such confidence in the quality of everything Jim does that as part of our D&O insurance program for SPACs we plan to charge significantly lower premiums for SPACs with a Z-SPAC Readiness Certification than we will for SPACs without one,” said
“Readiness has often been viewed as a secondary priority,” Zukin says. “We are here to place readiness on the third rail of the De-SPAC process. I expect SPAC readiness certification to become a core market service in 2022, as this IPO-alternative market develops its own self-regulatory standards. The Z-SPAC Readiness Certification will allow high-quality SPAC sponsors to differentiate themselves from uncertified SPACs in an increasingly competitive marketplace where sponsors will also benefit from the protection it offers them and the warm reception they will receive from D&O providers because they can rely on the certification.”
ZCS employs proprietary rapid-sequencing techniques—first developed to simultaneously resolve issues encountered in financial restructurings—to identify gaps among the 30 components of readiness and to highlight “red-flag” issues that have plagued other SPACs, so they can identify and avoid them before the business combination.
“Our role is laser-focused on oversight and on serving high-quality SPACs during their readiness preparation,” Zukin says. “When we issue our certification, we fully stand behind our assessment of their readiness.”
ZCS has assembled a world-class team of leaders in the financial community who share Zukin’s focus and ethos, including:
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Matt McGuire , former Executive Director at theWorld Bank -
Rajit Malhotra , former McKinsey Managing Partner in theLos Angeles region -
Tim Maness , CPA, Chief Accountant at Zukin Certification Services -
Ari Schottenstein , Partner atZukin Partners -
Joe Chang , formerHoulihan Lokey investment banker -
Jacob Salk , formerHoulihan Lokey investment banker -
Thomas Waldman , former Managing Director, Legal atThe Gores Group
The team is rounded out by other experts in finance, accounting, corporate governance, public company compliance, and the SPAC/De-SPAC process.
About Zukin Certification Services
Zukin Certification Services was founded by
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