CCMP LEGEND STEPHEN MURRAY PASSES ON

CCMP Capital is a world class investment private equity firm with over $ 16 billion of investments around the world. It has targeted the retail industry, industries, healthcare and the energy sector. It uses the buyout and growth equity transactions grow. It has leveraged its proprietary models and industry experience to invest.

CCMP Capital has a 31-year-old heritage it is proud to share with all willing to listen. It was founded in 1984 as the investment wing of chemical industries. It was initially named Chemical Venture Partners. In 1991, it merged with Manufacturers Hanover investment division named MH Capital Partners. The new unit was called Chemical Venture Partners. In 1996, they merged with Chase Manhattan Bank to create Chase Capital Partners. In 2000, they merged with JPMorgan to form JP Morgan Partners. In 2002, JPmorgan partners closed one of its funds with $ 5.4 billion. It led to a series of events that saw CCMP announced in 2006.It was an almagation from its rich history. The names stand for Chemical venture partners, Manufacturers Hanover and Chase capital partners.

The 1st CEO of CCMP Capital and its founding father was Stephen Murray. He took over in 2006 and held till 2008.Mr Murray sadly passed on leaving behind a loving family and friends.

Mr Murray was a legendary deal closer and investor. He led the firm to its 1st $ 3.4 billion leveraged buyouts in 2007.It was his proudest moment he recently said in an interview Murray also diversified the company’s portfolio. His biggest dream was building a hedge fund with high returns and low risks.

Mr Murray also saw the form expand globally. It today has 50 employees spread across the globe managing $ 16 billion of its assets. Only the best are hired at CCMP.It is one of Steve Murray legacy. The workers are well paid and encouraged to be innovative.

Mr Murray was born on the 2nd of August 1962.The 52 year attended Boston College for a degree in economics and later joined Columbia for MBA.Mr Murray was until his death an adherent of education. He hired the most qualified as he believed they would give him the leverage he needed. It was his dream team.

Mr Murray started his career with Manufactures Hannover in 1984 as the credit analyst. It was at the graduate training program immediately after his MBA.In 1989, he joined MH Equity Corporation. He was to join the then Chemical partner ventures in 1991 after they purchased his firm.

In 2005, Mr. Murray cofounded CCMP Capital. It was a spin out of JP Morgan Chase and was named its CEO in 2007.He has served on various boards including at Aramark and Pinnacle Foods. He is a well-known Philanthropist, who has substantially supported the Make-A-Wish Foundation.

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