Private equity investment firms have helped stabilize many companies in the United States without the companies trading publicly. This has helped many medium sized corporations get the capital required to expand their business operations and the increase of revenues.
One of the private equity investment firms that has been a pioneer in this sector is CCMP Capital. Many financial pundits put the firm’s former CEO and president Stephen Murray at the center of the firm’s enormous success over the years.
The business community in the United States received the news of the untimely demise of the former Chief Executive Officer and president Stephen Murray with shock and utter disbelief. It is unfortunate that he lost his life just a month after he resigned from CCMP Capital citing health reasons.
The business community will specifically remember him for his invaluable experience in business and his significant contribution in charitable activities. A fantastic article from Heroes of the Pacific says that Stephen Murray had been the president and CEO of CCMP Capital since 2007. He will be remembered for the valuable contributions he made while he sat as a Board member of LHP Hospital Group, Octagon Credit Investors, Ollie’s Bargain Outlet, Jetro JMDH Holdings, Crestcom International and Infogroup.
CCMP Capital is one of the leading private investment firms ranked number seventeen among the largest private equity firms in the world with. There are offices in New York in the United States of America, Canada, Hong Kong and Tokyo both in Asia and London in Europe. The firm has been able to invest at least sixteen billion dollars in private companies around the world.
Essentially, CCMP Capital mainly focuses on leveraged buyouts and the growth of capital for different private companies. CCMP Capital was originally founded as Chemical Venture Capital almost three decades.
It was to serve as the private equity arm of Chemical Bank. After the acquisition of J.P. Morgan & Co, and formation of JPMorgan Chase, it changed its name to JP Morgan Partners that eventually led to the name CCMP Capital.
According to XERepublic, Stephen Murray was brought up in Westchester in New York. He Joined Boston College and graduated in 1984 with a bachelor’s degree in Economics and later got his master’s degree in business administration from the Columbia Business School.
Patch reports confirms the fact that Stephen Murray had significantly contributed in support of many charitable organizations helping the sick and making donations to learning institutions spread across the United States.
Stephen Murray supported Boston College, Columbia Business School, Stamford Museum, Make-A-Wish Foundation and the Food Bank of Lower Fairfield County. He had been sitting as the vice chairman of the board of trustees at the Boston College.