CCMP Capital is a private equity firm on Wall Street that operates globally and its main focus is on leveraging buyout transactions and growth capital. The firm was founded in 1984 and it was then going by the name “Chemical Venture Partners”. It used to operate as Chemical Bank’s arm that dealt in personal equity and business enterprise capital. The bank expanded positively and in 1996 it was able to take over Chase, this take over led to its changing of its name to the Chase Capital Partners. In the year 2000, the firm further changed its name to J.P. Morgan Partners after the acquisition of J.P. Morgan & Co. Six years later, the group experienced an independent spurn out which resulted in Stephen Murray being offered the post of the Chief Operating Officer of the group. He succeeded Jeff Walker, the group’s founder. CCMP Capital has continued to grow and currently has over 50 members of staff with its offices based in New York, London, Hong Kong and Tokyo.
After the developments that occurred in 2006, the group continued to nurture continuous triumph of the investment strategy that had been laid down and put into practice by the expert members of the olden days. The group currently holds investments that exceed $16 billion in buyout transactions as well as growth equity ever since it started operating in 1984. This has been possible to the firm as it is has been able to capitalize on a number of its collective strengths like their industry expertise and its own operating funds. Capitalizing on these strengths has spurred the firm’s growth in as far as its investments are concerned in the four sectors that it targets. These sectors are industrial, consumer or retail, energy and healthcare sectors. The firm is considered as a global partner due to its investment using its model that entails creating value that is powerful and its active management offers it a good backing.
Focus on Stephen Murray
Steve Murray came to this world on 2nd August 1962 and died on 12th March 2015. He was renowned in the world for being an investor in classified equity and a philanthropist. He made his contribution to the CCMP Capital when he served in some of its top ranks namely the C.E.O. and President. Steve earned his Economics Degree in 1984 from the Boston University. After five years, he was awarded a Masters of Business Administration from the prestigious Columbia Business School. Murray was part of a program on credit analysis that focused on practical training and was held under the Hannover Corporation. Some mergers and acquisitions happened during his early days leading him to become the J.P. Morgan Partners head of buyout business. He left this firm last year citing health reasons.