Category Archives: Good Investment

CCMP Capital and its able Ex-CEO Stephen Murray

CCMP Capital is a multinational private equity investment firm that focuses on leveraging buyouts and growing equity investments. The firm was founded in 1984 and spun out from one of its parent companies in August 2006. The head office of the group is in 245 Park Avenue, New York City, New York in the United States of America. Other offices are found in London, England; Tokyo, Japan; and Hong Kong, China. CCMP Capital provides services in four major industries that are spread across North America and Europe. The industries include Industrial sector; Chemicals and Energy industry; Healthcare sector; and Consumer and Retail industry. As of 2016, the group has at least 50 employees who are highly qualified.

CCMP Capital was founded as Chemical Venture Partners, which acted as a private equity and venture capital of Chemical Bank. Chemical Bank bought out Chase Manhattan Bank in 1996 and changed name of the private equity firm to Chase Capital Partners. In 2000, the group acquired J. P. Morgan & Company. This acquisition coupled with the formation of JPMorgan Chase prompted the group to change name of the equity firm to JP Morgan Partners. JPMorgan Chase acquired Bank One and its private equity firm known as One Equity Partners in 2004.

Acquisition of One Equity Partners prompted the plans to spin out JP Morgan from JPMorgan Chase. JP Morgan started announced plans to become independent in March 2005 and affectively spun out in June the following year. This is the time JPMorgan Chase sold its stake worth $925 in JP Morgan to investors. Most recently, CCMP sold a firm that specializes in Pharmaceutical and biotech research; Medpace to Cinven for a reported $900 million.

CCMP Capital has invested in a number of leading firms, including CCMP Capital Investors II, JP Morgan Partners Global Fund, Brake Bros Limited, Bill Barret Corporation and 1-800 flowers. Additionally, the company has stakes in Pinnacle Foods, Renovo, The Tennis Channel and Smurfit Kappa group.

One person who helped steer the CCMP Capital was Steve Murray. Steve, as colleagues called him, was the President and Chief Executive Officer of CCMP Capital. He became CEO in 2006 after working in various executive capacities in the same group and predecessor firms. Steve Murray was born on August 2, 1962 and passed away as reported by on March 12, 2015, briefly after stepping down due to health complications.

Steve Murray was an alumnus of Boston College and Columbia Business School. Steve sat on the Boards of various organizations before his demise. These organizations include, among others, Octagon Credit Investors, and Jetro JMDH Holdings, Strongwood Insurance Holdings and Ollie’s Bargain Outlet.