NewSpring Adds Experienced Technology Professional, Bob Valvano
November 12, 2018
November 12, 2018
NewSpring (the “Firm”), a family of private equity strategies, today announced that Bob Valvano has joined NewSpring Holdings, the dedicated diversified holding company within NewSpring. Valvano will be based in the Firm’s Radnor office, where he will provide operational and financial oversight and assistance to help enhance performance for NewSpring Holdings’ platform companies.
Valvano brings nearly 20 years of corporate development, business strategy and operational experience to NewSpring, including 17 years as a Vice President with SunGard (now part of FIS). In this role, Valvano worked with its operating executives on over 75 acquisitions evaluating, driving, and helping to deploy over $1 billion in capital and growing the Company from approximately $1 billion to nearly $5 billion in annual revenue at its peak. Following the sale of SunGard to FIS, Valvano became the CFO of the $240 million revenue public sector and education software subsidiary that was sold to Vista Equity Partners for $850 million. Valvano then worked closely with the Vista team to carve out the business from FIS and build out a value creation plan.
“I am excited to be joining NewSpring, a firm with a proven track record of success," said Bob Valvano, Principal, NewSpring. “I look forward to working with the NewSpring team as a true partner to our platform companies to drive long-term growth initiatives.”
Prior to NewSpring, Valvano was an executive advisor to the CEO at Vitus Partners, where he was responsible for providing advisory assistance on business portfolio review and strategy, capital structure and financing, and other operational finance initiatives. Valvano earned a B.S. in Meteorology from Pennsylvania State University and an M.B.A. in Finance from Drexel University. He also earned a Chartered Financial Analyst (CFA) credential (non-active).
“We are thrilled to welcome Bob to the team. He has strong business acumen and his extensive experience is invaluable,” said Skip Maner, General Partner, NewSpring. “I'm confident that he will be a tremendous resource to our platform leadership teams and will help to position NewSpring Holdings for continued growth moving forward.”
Launched in 2013, NewSpring Holdings has built a diversified holding company in tech-enabled services with operating businesses across a variety of sectors. Through a control buyout acquisition strategy, NewSpring Holdings partners with seasoned leadership teams to build the foundation and operational infrastructure necessary to scale to new heights and consistently produce growth through organic and inorganic strategies.
About NewSpring Holdings
NewSpring Holdings, NewSpring’s dedicated holding company with a strategy focused on control buyouts and platform builds, brings a wealth of knowledge, experience, and resources to take profitable, growing companies to the next level through acquisitions and proven organic methodologies. Founded in 1999, NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages approximately $1.7 billion across four distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries. Visit NewSpring at www.newspringcapital.com.