Stephen Murray CCMP Capital, a private-equity company, has always been one of the most successful investment companies in many parts of the world that focuses its investments on leveraged buyout and growth capital. However, it owes much of its success to Stephen Murray, whose investment ideas moved this company to the next phase of development.
The history of CCMP Capital
Together with a long history, the company has also changed several names in the last twenty years. It was known as Chemical Venture Partners, and at that time it represented the private equity arm of Chemical Bank, and after that it has changed even more names. The company is now known for integrating one of the most famous private equity companies in the world.
After Chemical Bank was acquired in 1996, Chemical Venture Partners changed its name into Chase Capital Partners, and after that it became J.P. Morgan partners. The company continued to grow thanks to its ability to integrate many important private equity funds, such as Robert Fleming and Company, The Beacon Group, Manufacturers Hanover and many others.
In 2004, One Equity Partners became the primary private equity fund of J.P. Morgan Chase, which led to plans about spinning out J.P. Morgan Chase. The spin was completed at the time when many other private equity companies were doing the same with some of the most popular investment banks, such as Citigroup, Morgan Stanley etc.
About Stephen Murray
The company can attribute its success to its CEO, Stephen Murray CCMP on NYPOST, who has recently passed away at the age of 52. He was working as a trainee at Manufacturers Hanover Trust Co, and after several years he was appointed head of the bank’s buyout business.
Mr. Murray got his degree from Boston College, and he has spent the best part of his career working in private equity. He became part of the Manufacturers Hanover Corporation’s training program in1984, after which he was engaged in building successful equity business for J.P. Morgan’s merchant bank. In 2007, he became the company’s CEO, and he helped the company raise numerous funds.
Apart from this, Stephen Murray is also a philanthropist. He supported one New York-based foundation known as Make-A-Wish Foundation of Metro, while at the same time being the member of the foundation’s council. Furthermore, he is a supporter of Stanford Museum and Columbia Business School, which further speaks about his achievements.
However, his death surprised many people, and CCMP capital now has to deal with the loss of its key person.
All in all, the company will make every endeavor to continue what Stephen Murray had previously started, and that is to rely on good strategy and leadership, together with its future negotiations. But, it will always remember Mr. Murray as one of the most capable deal makers in private equity sector.