NewSpring has made a number of promotions. Lee Garber is now a partner at NewSpring Holdings; Mike Kubacki has become chief financial officer of the firm; and Bharat Santhanam is now a senior associate focused on NewSpring Growth.
Radnor, PA – July 9, 2020 – NewSpring (the “Firm”), a family of private equity strategies, is pleased to announce the promotions of three individuals that exemplify the Firm’s dedication to value creation for its portfolio companies and investors.
Lee Garber has been promoted to Partner of NewSpring Holdings, Mike Kubacki has been promoted to Chief Financial Officer of the Firm, and Bharat Santhanam has been promoted to Senior Associate dedicated to NewSpring Growth. These professionals have each taken on expanded and elevated roles at NewSpring in support of the overall mission of the Firm to not only source and invest in the best opportunities, but to continue to provide exceptional value creation and investment results to its Limited Partners and drive future growth throughout all areas of NewSpring.
Lee Garber has been with NewSpring Holdings since its inception in 2013. NewSpring Holdings manages a consolidated business with over $525 million in revenue, employing and contracting with over 6,000 people. With an entirely hands-on role in each of the strategies’ 23 transactions since inception, Lee has been an integral team member, driving the underwriting and management of investments and deploying over $180 million in equity capital.
“Lee has been a leader on the NewSpring Holdings team since day one,” said Skip Maner, NewSpring, General Partner. “With our long-term hold strategy, his ability to conceptualize, implement, and manage operational improvements for each of our companies translates directly to their success. We’re thrilled to recognize his accomplishments thus far and look forward to seeing what he will accomplish in this new role.”
Lee sits on the Board of NewSpring platform companies, Financeware, US Pack, Magna5, and E3/Sentinel and is currently serving as the Chief Administrative Officer of E3/Sentinel to drive growth and value creation.
Mike Kubacki joined NewSpring in 2013 and has played a critical role in supporting the Firm’s finance, IT, and infrastructure functions. He will continue to focus on elevating all these crucial processes and will also work closely with NewSpring President, Jon Schwartz, to manage the Firm’s compliance operations.
“Mike’s meticulous attention to detail combined with his innate understanding of both his profession and our business make him perfectly suited to serve as NewSpring’s Chief Financial Officer,” said Jon Schwartz, NewSpring President and Chief Operating Officer. “Mike has already demonstrated great leadership in the financial operations of our organization, and we’re excited to see him build on this momentum.”
Since joining NewSpring Growth in 2019, Bharat Santhanam has demonstrated an aptitude for evaluating transactions and strategy execution. In his role as Senior Associate, he will leverage his background in investment banking and consulting across all stages of the investment lifecycle, including sourcing, diligence, and portfolio value creation.
The Firm has a strong track record of promoting from within and developing key talent. This team continuity maintains the consistency of our approach that has been a key success driver for over 20 years.
“NewSpring prides itself on providing career-advancement opportunities internally to those that are pushing our organization forward,” Schwartz said. “Lee, Mike, and Bharat have earned their promotions through their impressive accomplishments, and we’re pleased to welcome them into their new roles.”
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 over $2.0 billion across four distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Having invested in over 150 companies, NewSpring brings a wealth of knowledge, experience, and resources to take growing companies to the next level and beyond. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of leaders and influencers across a wide array of operational areas and industries. To learn more, visit www.newspringcapital.com.