Private equity powerhouse, CCMP Capital thrives as New York’s premier leader in expansion capital, leveraged buyouts and PE (private equity) fund transactions. It made its official market debut back in 1986. Later, it transitioned into independent trading following its separation from JPMorgan Chase. It’s undergone notable transformations and rebranding since it launched twenty-something years ago. It ranked seventeenth among the largest top-grossing private equity partners in 2007. Today, the billion-dollar-grossing private equity manager still ranks among the investment banking industry’s most prolific heavyweights.
According to financial reports, CCMP Capital has pumped over $12 billion into securing lucrative growth equity and leveraged buyout transactions. A global private equity partner, CCMP Capital now manages franchises worldwide, including regional divisions in Tokyo, Japan, New York, Hong Kong, China and London. It approved leadership restructuring in 2008 where Greg Brenneman took up office as the group’s appointed chair. Formerly, Chemical Venture Partners, as a Chemical Bank brand, the firm operated under this trademark until 1996. With its parent, Chemical Bank acquiring Chase Manhattan, it inherited a new identity, Chase Capital Partners in 1996. Then in 2000, the bank acquired JP Morgan & Co. With this expansion, another rebranding was imminent. Chase Capital Partners assumed the new trademark JPMorgan Partners. The firm managed the following umbrella-private equity corporations, Robert Fleming & Co., Manufacturers Hanover, Hambrecht & Quist, JP Morgan & Co. and The Beacon Group. Today, the firm operates under the trademark, CCMP Capital Advisors. It represents the mixed heritage of key private equity franchises, Chemical Ventures, Chase Capital and Manufacturers Hanover Capital/JP Morgan Partners.
Sadly, CCMP Capital lost a key executive and native innovator, Stephen Murray. News on the Fortune of his passing resonated throughout the industry. The former CCMP chief executive/president has been with the group since inception. A prolific philanthropist and seasoned private equity master, Steve Murray piloted CCMP Capital to success. He joined Manufacturers Hanover Corporation, a native enterprise of the CCMP Capital brand in 1984. He was present during the merger of Chemical Venture Partners and private equity specialist, MH Equity Corporation after Manufacturers Hanover Corp. acquired Chemical Bank in 1991. Murray headed the JP Morgan Partners unit before becoming a co-founding partner of CCMP Capital in 2006. A year later, the board appointed him chief executive.
Murray holds a Boston College Economics degree and an MBA in business administration from the prominent CBS (Columbia Business School). Additionally, he’s cemented his role in various philanthropic endeavors, including the Metro-New York cheaper of the Make-A-Wish Foundation, Stamford Museum and the Lower-Fairfield County Food Bank. Murray succeeded Jeff Walker, the group’s founding father and ex-CEO. Amidst portfolio commodities Steve Murray managed are Octagon Credit Investors, Crestcom International, Strongwood Insurance Holdings, Infogroup, Inc., Ollie’s Bargain Outlet, LHP Hospital Group and Jetro JMDH Holdings. With his recent passing, CCMP Capital executives have assigned new managers and the group expressed the deepest sympathy for this misfortune.