Category Archives: CCMP

What Stephen Murray Did As CEO Of CCMP Capital

Stephen Murray, deceased as of March 2015 was the CEO of CCMP Capital, a private equity firm that is currently run by Greg Brenneman and a team of executives. Murray had contributed greatly to the firm’s growth, including its initial public offering. He had sat down with peHUB in 2007 to discuss the new direction of the company.

First he explained how the company was going to be raising capital outside traditional bank loans and venture capital funding, and had garnered its funding from private investors and alternative means. He also had taken over as CEO from Jeffrey Walker who had previously led CCMP Capital during its time with JP Morgan, and it had to do with a slightly different philosophy on how the company would obtain growth. And Murray also explained how in leaving JP Morgan, he was able to attract larger individual investments and managed the transactions as part of those investments all the way through.

Stephen Murray had quite a legacy as an investor and large business deal maker since he first got into investment banking and building business portfolios. He got his degrees from Boston College and Columbia University, and started out as a credit analyst at Manufacturers Hanover Corporation. This was a major investment bank in Manhattan that became the point of interest for many other big banks, including Chemical Bank in the late 1980s, and was later merged with Chase Manhattan and then JP Morgan.

Read more:
Stephen Murray, Ex-CCMP Chief Who Built LBO Firm, Dies at 52
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Murray had moved during his career from credit analyst and advisor to managing the buyout division, serving as vice president while Jeffrey Walker was running the division. The buyout division started operating more autonomously as the bank underwent its mergers, and Murray had helped raise several public offerings during its time, including a large $5.2 million offering in 2002. The division, known at first as JP Morgan & Partners started buying several retail, healthcare and energy companies. But due to potential conflicts of interest with clients, JP Morgan & Partners parted ways with the parent bank.

Murray served as CEO from 2007 to 2015, and even after the firm’s initial public offering had helped raise an additional $3.6 billion in 2014. Unfortunately, Murray’s health started declining in late 2014 and in early 2015 it was announced that he had stepped down as CEO. Just weeks later Murray passed away, leaving behind a wife and four children, but his fellow executives commended his legacy in statements following his passing.

Read more from Stephen Murray on Institutional Investor
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Philanthropist Stephen Murray Dies at 52

At his funeral, the family of Stephen Murray requested that guests donate money to Stephen’s favorite charity in lieu of bringing flowers. Stephen was a man who put the needs of others before his own when he was not working. Stephen was a dearly beloved husband and father who managed to rise to the position of CEO at CCMP Capital. He was loyal to the company for 25 years. His devotion to CCMP Capital was only matched by his devotion to his family. He and his wife Tami were married for 29 years.

Stephen and Tami met at Boston College, where he earned a degree in economics. They fell in love and made a lifetime commitment to each other. They had 4 children together and raised their kids in Stamford, CT. Stephen is also survived by siblings and his parents, Joe and Nancy. Stephen was born in 1962 in Brooklyn, New York. He loved the Northeast and spent his entire life there. Stephen wanted to make something great of himself in life.

Read more:
Back to Business for CCMP Capital Advisors
Ex-CCMP Capital CEO Steve Murray passes away

After finishing college, Stephen took a position as a credit analyst trainee at Manufacturers Hannover. Here he distinguished himself, but Stephen knew that without an advanced degree his upward mobility would be limited. Stephen decided to go back to school. He attended Columbia Business School in New York. He earned a master’s degree in Business Administration. He would put it to good use when he returned to work at MH Equity. This company would go through several mergers, but Stephen was a valued company man. He remained with them through the decades. First, MH Equity merged with Chemical Venture Partners, then with Chase Manhattan Corporation, then with JP Morgan Partners. JP Morgan Partners decided to spin its private equity group off into CCMP Capital. It chose Stephen to lead the operation, and he was named CEO of the company in recognition of his ability and loyalty over the years.

Stephen Murray’s expertise in the world of finance was highly sought after. He served on the board of directors of many companies. He advised The Vitamin Shoppe, Cabela’s, Generac Power Systems, Aramark, and more. Stephen was a philanthropist at heart. He gave his time freely to the charities that he felt were making a difference in the world. He volunteered to be on the board of directors for the Make-a-Wish Foundation for New York City. He gave much of his free time and money to the cause. Stephen Murray will be dearly missed.

History of CCMP Capital and the Contributions of its Former Chief Executive, Stephen Murray

Stephen Murray, the former chief executive and president of CCMP Capital Advisors, left the firm in February 2015 due to unknown reasons. However, when the firm was reached about the issue, they said that his departure was due to “health-related” issues. Mr. Murray passed away at his home one month after leaving CCMP Capital.

“We are very saddened to learn that our friend and former partner, Steve Murray has passed away……We are grateful for his positive contributions to the success of CCMP and its predecessors,” said Mr. Brenneman, CCMP chairman.

Mr. Murray joined CCMP Capital in 2006 after the successful spin-off of JPMorgan Chase and Company. According to his profile, he has sat on the boards of Jetro JMDH Holdings, Crestcom International, LHP Hospital Group, Infogroup Inc., Ollie’s Bargain Outlet, LHP Hospital Group, Strongwood Insurance Holdings and Octagon Credit Investors.

Mr. Stephen Murray CCMP Capital holds a degree in economics and a Master’s degree in business administration that he earned from the Boston College and Columbia Business School respectively. Stephen Murray is also remembered as an active philanthropist who supported different charitable causes. He supported several foundations including the Food Bank of Lower Fairfield County and the Make-A-Wish Foundation.

About CCMP Capital

CCMP Capital is a very successful American private equity firm that deals mainly with leveraged buyout and growth capital transactions. Originally founded (1984) as Chemical Venture Partners, CCMP Capital is a branch of different investment firms including Chemical Bank, Chase Manhattan Bank, Chase Capital Partners among other firms.

Read more: CCMP’s Murray dead at 52

The company operates under four distinct categories of expertise:

• The consumer and retail sector

The consumer and retail industry of CCMP Capital has invested close to $7.6 billion for the last 31 years. This amount includes services such as service businesses, special retail, mass channel supply, multi-channel marketing and various types if information services. The consumer and retail section is headed by Thomas Walker and Richard Zannino.

• Industrial services sectors

This department has invested approximately $4.1 billion and bring more than 25 years of experience to the table. This sector includes industrial services, manufacturing, and distribution. Mr. Walsh heads the industrial services department.

• Healthcare services industry

This industry services different healthcare industries. So far, it has invested approximately $1.6 billion in healthcare industries. These industries include specialty companies and their products, providers of healthcare services, distributors of different products among others.

• The chemicals and energy department

This investment sector offers close to $2.6 billion, and it includes chemicals, oilfield service and power, exploration and production. The sector is headed by Mr. Behrens.

Reference: http://www.bloomberg.com/news/articles/2015-03-13/stephen-murray-ex-ccmp-chief-who-helped-build-firm-dies-at-52

Up-close with Stephen Murray, CCMP Capital’s Former President

Stephen Murray is the former CEO and the President of CCMP Capital, a private equity company based in New York. The firm focuses on acquisition and growth of equity transactions. He worked for the enterprise for 16 years. Under his management, the company raised $3.6 billion. Stephen Murray had been with CCMP since 1999, and at that time, the firm was known as Chase Capital Partners. CCP later became JPMorgan Partners before spinning out independently as CCMP in the year 2006.

CCMP Capital has invested across many regions of North America and Europe. They have invested in three industries including the consumers, healthcare and manufacturing sectors. Their investment team is comprised of the current CEO paired with long-term entrepreneurship professionals. They partner with talented management teams to drive growth. CCMP focuses on converting public companies into private, helping businesses grow and collaborating with upcoming enterprises.

Before joining CCMP Capital, Murray had served in other organizations. He became part of the credit analyst training program on wsj.com at Manufacturers Hanover Corporation in 1984. He later joined MH Equity Corporation in 1989, which merged with Manufacturers Hanover Corporation in its leverage finance unit.

Murray had several board seats which included the Crestcom International, Jetro JMDH Holdings and Octagon Credit Investors. Apart from this, his last records show that he also had other board seats in Ollie’s Bargain Outlet and LHP Hospital Group.

Read more: Stephen P. Murray, 52; Financial Executive; Stamford Resident; Vice Chair Boston College Board of Trustees

Murray played a significant role in offering charitable works on Crunchbase. He supported the Boston College and was a member of the chairman’s council of the Make-A-Wish Foundation of Metro New York. He also made great contributions to support the Stamford Museum, Food Bank of Lower Fairfield and Columbia Business School. Steve Murray was the vice chairman of the board of trustees at Boston College.

The Death of Stephen Murray

Murray passed away on 13th March 2015 due to health related problems. He died at the age of 52. However, Greg Brenneman succeeded Steve and became the CEO of CCMP Capital. Greg said that they were saddened to learn of the death of Murray who was a prominent investor in the company.

Steve is praised for spending the majority of his career in the private equity. CCMP Capital is grateful for Murray’s positive contributions to the success of the business. He was a Bachelor’s degree holder in economics from Boston College. In 1989, he received his Master’s degree in business administration from Columbia Business School.

Learn more about Stephen Murray: http://www.ccmpcapital.com/team/

Stephen Murray Was a Great Deal Maker and Philanthropist

Stephen Murray had a long career in the financial sector of New York City. He was also one of the most active philanthropists in the city. Murray died last year after retiring from his private equity group, CCMP Capital, one month earlier due to health complications. He was 52 years old.

Education

After being born and raised in Westchester, NY, Stephen Murray started out his career by gaining the asset of a good education. He received his undergraduate degree in Economics from Boston College in 1984. He was still active at the school up until his death. He then got his Master’s in Business Administration from Columbia University before entering the workforce.

Early Career

He started his career after his undergrad working for Hanover Trust in the credit department. He started as just a trainee but worked his way up and rose to the position of VP of Middle Market Lending in just 5 years. He worked for Hanover trust until 2000. That is when they were bought out by Chase Bank. During his time at Hanover, he did join a private equity firm that would later develop into what we know today at CCMP Capital.

After the merger, Murray was employed at JP Morgan & Chase as head of the buyout division. He had experience with this as he had been running a private equity fund for about 10 years that specialized in bank buyouts and growth lending. This fund would continue to grow until Chase bought out Bank One.

Read more: Ex-CCMP Capital CEO Steve Murray passes away

CCMP

The merger with Bank One was the genesis for the creation of CCMP Partners. Bank One already had a private equity division. The CCMP fund was spun out of Chase Bank to prevent any conflict of interest between the fund and any of Chase’s clients from occurring.

Murray was known as a great deal-maker by his colleagues in the financial industry on ccmpcapital.com. This is a skill that he used often during his time as CEO of CCMP. The fund focused on making investments in the retail, healthcare, and energy markets. Their investments were fairly large as they average between $100 million and $500 million per transaction.

Philanthropy

On top of his successful business career, Murray also gave back to the community. Murray’s most notable role was a member of the board for the Make a Wish Foundation in Metro New York. He also served on the Board Of Trustees at his alma mater, Boston College.

Learn more about Stephen Murray: http://www.wsj.com/articles/ccmp-capital-advisors-gets-backing-to-resume-investing-from-fund-1430946145

CCMP Capital CEO Stephen Murray Dies At 52

Former CCMP Capital CEO Stephen Murray has passed away, according to an article in the Wall Street Journal. The 52-year-old investment guru had taken a leave of absence in February for undisclosed medical reasons. The news has investors on pins and needles, according to an unnamed source.

“We are sad to announce the passing of our friend and colleague Stephen,” said interim CEO Greg Brenneman. “This is a huge blow to our company. We have sent our heartfelt condolences to his wife Tami and his children.”

Under Murray’s guidance, CCMP rose through the ranks to become one of most profitable investment companies in the world. The company’s portfolio is currently worth over $3 billion.

CCMP Capital has undergone a number of mergers and acquisitions over the years.

Murray, a Boston College graduate, joined the company in 1984 right out of college. Murray entered Hanover Manufacturers Corporation as a credit analyst. After a few years, he was named head of the credit department.

Hanover was soon bought by Chemical Bank Partners. The company then merged with Chemical Bank Partners. After the spinoff of JP Morgan Chase, CCMP Capital was born. In 2007, Murray was named CEO. One of Stephen Murray’s most impressive ventures was to outbid several larger investment houses for pharmaceutical giant Warner Chilcott.

“Stephen was a heck of a salesman,” said a former colleague. “I don’t know of anyone who exceeded him in talent.”

Murray was also known for his tremendous generosity. He sat on a number of boards including Aramak, The Vitamin Shoppe, AMC Entertainment and Quizno’s on wsj.com. He gives to the Make-A-Wish Foundation and the Food Bank of Lower Westchester County.

Colleagues say Stephen Murray left a tremendous legacy and very big shoes to fill. “He was a legend in this industry,” said Brenneman. “He will be sorely missed by all who knew him.”

Stephen Murray’s Fantastic Career

Stephen Murray made a name for himself in the private equity field. He was a brilliant investor with a knack for making deals that made his clients a lot of money over the course of his long career. Stephen is best known for being the president and CEO of CCMP Capital. This is a private equity company that is located in New York City. He held this position from 2007 until he left the company due to health problems in February of 2015. Unfortunately, he died one month later at the age of 52. However, Stephen Murray left a remarkable legacy in the private equity industry that will not soon be forgotten. Stephen’s career is one that is admired and studied by many investors.

Stephen was always good in school. He used his considerable academic gifts to eventually gain acceptance into Boston College. Stephen Murray decided to major in economics because he knew there were many different career paths he could take with that particular degree. He eventually completed his studies at Boston College in 1984. He received several lucrative job offers at this time. However, he decided to enroll in graduate school in order to further his education. He chose the Columbia School of Business as the place where he would pursue a business administration master’s degree. He would complete this degree in 1989.

With his education complete, Stephen was approached by the Manufacturers Hanover Corporation. They offered him a unique opportunity to join their training program. Stephen Murray realized that this was an enormous opportunity to learn a lot of very valuable information about the industry that he was interested in. He would then move on to a job that was offered to him at the MH Equity Corporation. It was at this job that Stephen got his first real taste of what it was like to work in the private equity field on a regular basis. He knew that he wanted to eventually oversee hedge funds on Patch because he loved the challenge that investing presented to him.

Stephen made himself a very valuable member of the company. It was because of this that he was retained during several corporate shakeups that occurred during his employment with the company. MH Equity would eventually merge with Chemical Venture Partners in 1991. Five years later, Chemical Bank would once again merge with Chase Manhattan Corporation. Stephen stayed loyal to the company that gave him a start in the private equity industry. It was in 2006 that Stephen thought the time was right to finally break out on his own. He and several of his colleagues founded CCMP Capital. It was overseen by JP Morgan Chase. The company was a tremendous success. Stephen’s brilliant leadership allowed the company to flourish.

The Legacy of Stephen Murray Continues to Flourish Even After His Death

Steve Murray was a principled executive, an investing genius, and a terrific dealmaker. He was one of the pioneers who oversaw the spun out of CCMP Capital from JP Morgan Partners. After serving as a junior employee and President of CCMP since 1989, Murray left his position in 2015 a month before his death. The company referred to his high profile exit as “health-related” reasons.

Stephen Murray’s impact in the society

The demise of Stephen Murray continues to shake many people, especially those who knew the roles he had played in redefining the corporate sector on fortune.com and making the world a better place. However, even after his death, his contributions to the business and philanthropy worlds are still noticeable. He was an active supporter and donor of Metro New York-based Make-A-Wish Foundation. His main intention was to ensure economically disadvantaged children could access quality education and become better persons in the society on Patch. Other beneficiaries of his philanthropic support include the Stamford Museum, Columbia Business School, and the Fairfield County-located Food Bank.

Academic accomplishments

Steve Murray treasured education a lot and believed it had played a significant role in his success in both philanthropy and business arena. He leveraged his economic knowledge acquired from pursuing a degree in economics at the prominent Boston College to help his firm invest wisely and manage its finances. Murray was an alumnus of the Columbia Business School where he received a degree in the field of business administration.

Career breakthrough

Steve Murray started his business career by enrolling in the Manufacturers Hanover Corporation Training Program as a beginner in credit analysis. Later on, he became part of MH Equity Corporation that joined the private equity group of Manufacturers Hanover with its commercial unit. In 1991, Chemical Bank bought Manufacturers Hanover while MH Equity combined with Chemical Venture Partners. In 1996, Chase Manhattan Corporation combined with Chemical Bank while Chemical Venture Partners changed its name to Chase Capital Partners. In 2005, Stephen Murray ascended to the helm of JP Morgan Partners’ buyout business. In 2006, he led the separation CCMP Capital comprised of growth equity and buyout group from JP Morgan Chase. Murray became the CEO and President of CCMP in 2007.

Although CCMP Capital remorse his passing, the firm is equally happy with Steve Murray’s contributions, especially the development of an excellent portfolio. Under his leadership, the company created a broad base of loyal clients. The company can now handle complex transactions and oversee major buyouts thanks to the leadership and deal-making skills that Murray passed down to his employees.

Stephen Murray Dies at 52

Stephen Murray died at the age of 52 last year. He had resigned from the firm that he helped to create and shape only one month before his death. Greg Brenneman has replaced Murray and sent his condolences to Murray’s wife and four sons.

CCMP was part of JPMorgan Partners but was spun off as a separate entity in 2006. Murray had joined JPMorgan in 1989 and increased the size of its business in the private equity field. In 2004 there was a dispute between what was to become CCMP and TPG Capital over the acquisition of Warner Chilcott. At this point and in order to maintain business with TPG Capital, CCMP was spun off from JPMorgan.

Murray was pivotal in the early success of CCMP establishing its identity and helping to raise $3.6 billion dollars in his final year as CEO.

His death gives light to the alternative media claims that investment bankers are dying of suicide or illness at an alarming rate. Most people believe that stresses common to the players in the financial arena are the reasons for this high rate of death. Murray as 52 died too soon.

His philanthropic contributions to the Connecticut area will be missed, and his wife and children’s lives have been sadly and abruptly transformed.

More than a year after Murray’s passing have left many questions with family, colleagues, and investors. What caused his death? Was it pressure, stress, or anxiety? Did he suffer from any mental illness? Obituaries conceal much of the real drama of a person’s life and leave many of us in the dark, especially when someone dies at such an early age.

To look at Murray, he seemed to have it all. He was wealthy, at ease with his important position in life, had a beautiful and healthy family. Murray is gone, but the questions remain.

Learn more about Stephen Murray CCMP Capital: https://www.crunchbase.com/person/stephen-p-murray#/entity