The former CEO of CCMP Capital Advisors, Stephen Murray has died at the age of 52 according to the company’s spokeswoman, Alexandra LaManna. Before his death, Mr. Murray had resigned his CEO post at the company citing health reasons. LaManna also said that his death occurred on March 12 and details were not available at the time regarding the burial ceremony. Murray was the founding partner of the firm after it spun out of JP Morgan Chase & Co. in 2006. The move of the separation was to avoid a potential conflict with the bank’s clients.
CCMP Capital Advisors has been very successful under Stephen Murray, and it specialized in middle-market leveraged buyouts and growth equity investments. In last year alone, it raised a total fund of $3.6 billion courtesy of the former CEO Stephen Murray. Announcing his death, Greg Brenneman expressed his sympathies and condolences on behalf of the company to the family and friends of Stephen Murray. He said that the company was saddened to learn of Stephen Murray’s death and called him a terrific investor and dealmaker. Learn more about Stephen Murray CCMP Capital: http://patch.com/connecticut/stamford/stephen-p-murray-52-financial-executive-stamford-resident-vice-chair-boston-college-board-trustees
CCMP Capital Advisor is a firm that competes through a unique investment strategy from its competitors. The company typically invests $100 million to $500 million of the equity per transaction according to the information provided on its website. The main clients of the company include clients from the health care industry, consumer, industrial, and energy industry. The prominent companies CCMP Capital Advisor has invested include Quiznos Corp., Cabela’s Inc., and Warner Chilcott Plc.
Stephen Murray’s career started in 1984 when he was part of the credit analyst training program at the Manufacturers Hanover Corporation. He later joined the MH Equity Corporation, which then merged with Manufacturers Hanover’s private equity company that dealt with leveraged finance. Through series of mergers and acquisition overtime, Murray was part of the Chase Capital Partners formed in 1996 after the merger between Chase Manhattan Corporation and Chemical Venture Partners. Learn more about Stephen Murray CCMP Capital: https://www.pehub.com/2007/10/5-questions-with-stephen-murray/
The partnership did not last for long since there was a breakaway in 2005 which resulted in Murray becoming the head of the buyout business at JP Morgan Partners. Murray co-founded the newly formed company CCMP Capital after a spinout of JP Morgan, which progressively contained the buyout and growth equity team of the private equity group. Murray later became the CEO of the company in 2007.
Murray has served on boards of various companies including Aramark, AMC Entertainment, Pinnacle Foods, and Warner Chilcott among others.