CCMP Capital is a leading international private equity investment firm that specializes in leverage buyout and growth equity investments. The firm, which became an independent company in August 2006, is headquartered in 245 Park Avenue, New York City, New York and has offices in London, Tokyo and Hong Kong. The group employs at least 50 individuals. CCMP Capital focuses on four major industries, namely Chemicals/Energy, Industrial, Healthcare, Consumer/Retail sectors. The company provides services to leading companies in North America and Europe. CCMP Capital was ranked by Wall Street among the first twenty largest equity firms in the world in 2007.
The acronym CCMP stands for Chemical Ventures, Chase Capital, and Manufacturers Hanover Capital/J.P. Morgan Partners. The company was launched as Chemical Venture Partners in 1984 as private equity and venture capital of Chemical Bank. In 1996, Chemical Bank acquired Chase Manhattan Bank, prompting change of name to Chase Capital Partners. The group acquired J.P. Morgan & Co in 2000, the same year JPMorgan Chase was formed, and changed name to JP Morgan Partners. Four years later, JPMorgan Chase acquired Bank One, a bank that had its own private equity investment arm known as One Equity Partners.
JP Morgan initiated spinout plans in March 2005. It successfully spun out of JPMorgan Chase in July the following year after the former sold $925 million stake in JP Morgan Partners Global Fund to secondary investors. This was the same time leading private equity firms were spinning out from recognized investment banks. CCMP Capital sold Medpace, an organization that specializes in pharmaceutical research, to Cinven in 2014 for approximately $900 million. As of 2016, the group has assets worth at least $12 billion.
As of now, Stephen Murray CCMP Capital has investments in JP Morgan Partners Global Fund, CCMP Capital Investors II, Bill Barret Corporation, Smurfit Kappa group and 1-800 flowers. The group has also invested in, among other companies, Brake Bros Limited, Warner Chilcott, Renovo, Pinnacle Foods and The Tennis Channel.
Stephen “Steve” Murray was the former president and Chief Executive Officer of CCMP Capital. He was also a renowned private equity investor and philanthropist. He was born on August 2, 1962 and passed on March 12, 2015. Murray was a graduate of Boston College, Columbia Business School.
Stephen Murray CCMP Capital held various executive capacities in predecessor firms since 1989. He became the group’s CEO in 2007 after JP Morgan Partners separated from JPMorgan Chase. Murray took over the position from Jeff Walker, who is the founder of the group. Prior to his demise, Murray was a Board member of Strongwood Insurance Holdings, Octagon Credit Investors, Crestcom International and Ollie’s Bargain Outlet. He also sat on the Board of LHP Hospital Group, Infogroup Inc. and Jetro JMDH Holdings.