CCMP Capital Looks Ahead After the Death of Stephen Murray
CCMP Capital, a private equity company located in New York, has always represented one of the most successful investment companies in the world, and as any other successful company, there is always someone deserved for its achievements. In this case, that would be Stephen Murray who gave CCMP Capital many useful investment ideas, and now with his death, the company will have to look ahead and continue its previous success.
So, Stephen Murray CCMP Capital represents a private investment firm that focuses on growth capital and leveraged buyouts. Formerly known as JP Morgan Partners, the partners from JP Morgan Chase separated from the firm and since 2006, it has invested large sums of money in growth transactions and leveraged buyouts. It has offices in many cities such as Tokyo, London, Texas, Hong Kong, and New York. CCMP Capital owes much of its success to Stephen Murray of nypost, a former President and CEO of this company.
Stephen Murray spent the largest part of his career in private equity sector. He joined JPMorgan’s merchant bank to build his own equity business, and this was the time when he proved to be a very successful investor. Thanks to him, the company established a completely new identity with new investors and managed to raise about $3.6 billion fund last year. He was also a member of the Make-a-Wish Foundation, which is located in New York. Mr. Murray was only 52 when he died, and he had been with this company for more than 15 years. Now, with his death, CCMP Capital has to rely on other strategies and investors.
Following the death of its CEO, CCMP Capital got the support in order to resume investing some of its funds, and it selected a group of people on whom it can rely. These people are all professionals, and their role is crucial in the company’s investment plans. So, after the loss of its most important man, CCMP Capital was offered many investor protections in order for its partners to oversee the reinstatement of the company’s investment period. So, the group is trying to appoint a new CEO. Furthermore, there are speculations that the company is going to purchase the stake of Stephen Murray.
Additionally, CCMP Capital has also updated its list of the most important investors. One of the key men to this company is Douglas Cahill while others have been removed from this list, such as Joe Delgado, a member of the industrial team. Then, the company agreed to lower the votes that are needed for new partners. For instance, the investment period of the funds can be terminated if new investors vote in favor of the new move. There are also speculations that Dina Colombo is now the Chief Financial Officer of the company while Timothy Walsh is the new Chief Operating Officer.
So, CCMP Capital is doing its best to continue with its plans, and it hopes that the new members can bring it to a higher level of success.