Category Archives: Murray

CCMP Capital Loses The Founder Of The Firm At The Age Of 52

Alexandra La Manna, CCMP Capital spokeswoman, announced the death of the founding partner and chief executive officer at the age of 52 on March 12. The announcement which was made via email did not disclose any other details regarding the death, but the former CEO had resigned last month citing health reasons. Stephen Murray participated in the founding of Stephen Murray CCMP Capital when it spun out from JPMorgan Chase & Co. in 2006 to avoid what was an imminent conflict with the clients.

CCMP Capital targets growth-equity investments and middle-market leveraged buyouts where the company recently raised $3.6 billion. On his part, the firm’s chairman Greg Brenneman said that the whole company was grieving and saddened to learn that the founding partner and friend had passed away.

Greg Brenneman who has now assumed all the roles held by Stephen Murray described the former CEO as a terrific investor and dealmaker. Learn more about Stephen Murray CCMP Capital: http://www.bloomberg.com/news/articles/2015-03-13/stephen-murray-ex-ccmp-chief-who-helped-build-firm-dies-at-52

The investment strategy of CCMP involves investing $100 million to $500 million of equity per transaction. It targets companies within the areas of health care, consumer products, industrial and energy sectors. Murray started his career journey in 1984 when he was hired as a credit trainee at New York-based Manufacturers Hanover Trust Co.

Mr. Murray rose in ranks to become the vice president of the company according to a bibliography on CCMP website. In 1989, he was assigned the equity and leveraged finance unit at the same company.

What followed was a series of three mergers that made Manufacturers Hanover to become a part of JPMorgan in 2000. The mergers were a sign of progress for Stephen Murray who became the head of the bank’s buyout in 2005.

He then continued leading the firm until 2006 when there was a spin out. Upon leaving JPMorgan, Mr. Murray used his position to raise two crucial deals for the company that were worth multibillion-dollar funds. The latest deal was worth $3.6 billion.

Mr. Stephen Murray was seating in the boards if Crestcom International, Infogroup Inc., LHP Hospital Group, Octagon Credit Investors, and Strong wood Insurance Holdings. Mr. Murray has left his wife and four sons who now resides in Stanford, Connecticut. He was a dedicated giver to the Make-A-Wish Foundation of Metro New York. He has supported colleges such as Columbia Business School and Boston College.