NewSpring Capital’s buyout strategy, NewSpring Holdings, has hired Jim Ashton as a general partner. Ashton previously worked as the managing partner of JA3Partners, an executive advisory firm he founded in 2011. Prior to starting his own firm, Ashton worked as a division chief executive officer for SunGard’s Financial Systems division.
NewSpring Capital, a family of private equity funds providing growth and expansion capital, announced today that NewSpring Holdings, its dedicated buyout strategy, has added Jim Ashton as a General Partner.
Previously, Jim served as the Managing Partner of JA3Partners, LLC, an executive advisory firm that he founded in January 2011. Based in Philadelphia, his firm provided executive consulting to private equity firms including NewSpring Capital and their portfolio companies in the areas of business strategy, operational improvement, sales optimization, and M & A. Prior to starting his own firm, Jim was a Division Chief Executive Officer for SunGard’s Financial Systems division (“SunGard”), a $2.5 billion business with 13,000 employees worldwide. While at SunGard, Jim led software and service businesses in the areas of Wealth Management, Insurance, Corporate Treasury, Trading, Risk Management, Brokerage and Consulting Services. He also sponsored and integrated numerous key acquisitions and played an important role in SunGard’s $11.3 billion leveraged buyout in 2005 with a consortium of private equity firms including SilverLake Partners, TPG, KKR, Bain Capital, Blackstone, Providence Equity and Goldman Sachs.
Prior to SunGard, Jim held senior management positions at Premier Solutions, Inc., a Safeguard Scientifics technology company that was acquired by SunGard in 1997. He began his career at EDS in Dallas where he held various technical, sales, and managerial positions during a span of 10 years.
“I am thrilled to be joining NewSpring Capital,” said Jim Ashton. “Their standing as a leading private equity investor in the lower middle market is well recognized and respected. NewSpring has consistently and successfully partnered with entrepreneurs in growing their companies and realizing their vision. The opportunity to work with Skip Maner as a General Partner of NewSpring Holdings allows me to leverage my experience in a new and unique way. I understand the keys to value creation at the portfolio company level and will apply the same operational approach when working with the companies of NewSpring Holdings.”
“Jim is a highly respected executive with a wealth of knowledge in working with the types and sizes of companies which NewSpring Holdings targets,” said Skip Maner. “We look forward to leveraging Jim’s significant experience in identifying, acquiring and operating our portfolio of companies. His ability to work with entrepreneurs and management teams in driving significant value creation will benefit our investors in the years to come.”