Where’s CCMP Capital Now? Ex-CEO Stephen Murray Deeply Missed!

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.

Flavio Maluf’s Pioneering Spirit Made A Difference In One Brazilian Company

Pioneers come in all shapes and sizes. They come from different cultures, and races. They may be formally educated, or they may be self-taught. Flavio Maluf, the CEO of the building supply company Eucatex, is one of those innovative pioneers. Maluf was hired by Eucatex in 1987, and he quickly rose through the ranks. Ten years later he was named CEO of the company. The executives of Eucatex knew they were working for a visionary, so they followed his lead and the company grew from a one-product company to a multi-faceted building supply company. Today, Eucatex does business with countries around the world. Maluf turned the company into a leading supplier of MDF panels, ceiling tiles, furniture, paint and varnishes in less than 30 years. Some people ask why Maluf was able to transform the Salto based company into an international conglomerate, and the answer is a simple one. Flavio Maluf is an creative entrepreneur that respects his employees, his country and the environment.

Maluf continues to use eucalyptus trees as the material source for some of the company’s products, and that decision has turned out to be an important one. Maluf was able to use eucalyptus as a raw material as well as an environmental platform. Flavio understands the importance of giving back. Maluf is a dedicated proponent of recycling, renewable energy and the green initiative in Brazil and around the world. Maluf has been repeatedly recognized for his charitable contributions.

Eucatex would not be the international company it is today without Flavio Maluf. The 2,300 Eucatex employees work for him because he cares about them and the world they work and live in. Maluf continues to expand Eucatex brands around the world, and at the same time he is spreading his environmental principles around the globe. Maluf may be Brazilian, but he believes the world is connected not only through business transactions, but also through the appreciation of natural resources and environmental causes.

Sultan Alhokair’s Advice for New Businesses

Sultan Alhokair is a young, Boston-based financial analyst with Retail Group of America who has particular ideas about how start-up companies should operate and plan for the future. According to him, such businesses should first evaluate where they want to be in five years. This will help set them up for success so that they can clearly understand what they need to do in order to become a thriving company. Bloomberg recently reported that Alhokair feels businesses should also scope out the competition. There will always be a rival company, so knowing who they are, how to differentiate one’s business from the competition, and how to compete with them effectively is also important. Another crucial step in the business process is creating a unique product or service. Sultan Alhokair recently told mashable that believes one needs to be different than any other company around so customers will want to use the product or service, rather than that of a competitor. Therefore, businesses need to be created to be unique from the beginning.

Sultan Alkohair, who is also an angel investor with Valia Investments, provides advice for what small start-ups should do to attract angel investors. One important quality such investors look for is a strong profitability plan. This not only means having a solid business plan but also a good overall scheme to make money so that investors can get a return on their money. Additionally, there needs to be an exit strategy. What if the business simply does not work out? Then investors like Sultan Alhokair would want to re-coup their initial seed money. Start-up businesses need to take this into consideration so that investors will know they ultimately will not be losing money in the venture. Start ups should also be very frugal with the funds they do receive. The start-up should function to do as much as possible with as little money as possible. This can guard against sizable losses from investors. It also demonstrates good business sense.

It is said that most businesses fail within five years. Although start-ups may be difficult to create and make profitable, getting sound financial advice from business people like Sultan Alhokair, may make the road to success easier. Follow Alhokair on Facebook or Twitter.