Stephen Murray: The Founding Partner and Deal Maker Of CCMP Capital
The former president and CEO of CCMP Capital, Stephen Murray was reported to have passed away by the company at the age of 52. Mr Murray was a well-respected man in the company and due to the contributions made towards the company so far.
He started his career as a credit trainee in 1984 at the New York company, Manufacturers Hanover Trust Co. and rose through the ranks to become the vice president of the middle-market lending in the company, according to the bibliography on the company website.
In 1989, it was a time when Stephen Murray CCMP Capital decided to join a private equity and leveraged-financed unit of Manufacturers Hanover which through a series of mergers and acquisition resulted to CCMP. What followed was three mergers which led to the former company (Manufacturers Hanover) to become part of the JP Morgan in 2000.
At one time, the company was referred to as Chase Capital Partners and was later renamed JP Morgan Partners after JP Morgan acquired Chase Capital Partners. JP Morgan Partners was at the time the largest private equity firm in the market. http://fortune.com/2015/02/17/exclusive-ccmp-capital-ceo-stephen-murray-leaves-firm/Learn more about Stephen Murray CCMP Capital: http://xrepublic.net/2014/09/11/stephen-murray-the-great-investor-and-deal-maker-for-ccmp-capital/
Apart from his contribution as the founding partners of CCMP Capital, Murray had the privilege to seat at the board meeting of different companies. Some of the companies he represented include Infogroup Inc., Crestcom Internation, etro JMDH Holdings, LHP Hospital Group, Strongwood Insurance Holdings, and Octagon Credit Investors among others.
After Stephen Murray had been pronounced dead, Greg Brenneman was given the responsibility to head the company as the Chairman, President and CEO. During the announcement, Greg expressed that the company was saddened to learn the death of the former friend and partner of the firm and sent deepest condolences and prayers to the family.
Greg took the opportunity to describe Murray as a terrific investor who steered the company to this far. Also, he thanked him for his positive contributions to the success of CCMP and his role on the predecessors of the company.
Mr Murray is particularly known for his contribution in the spinoff process that resulted to CCMP. Before that, the company invested in the middle-market deals alongside its equity clients. What followed was an outbid of the Blackstone Group LP, TPG Capital and KKR & Co. for the Warner Chilcott deal. After the deal was done, Henry Kravis was angered by the move and caused his separation. Murray has left a family which include his wife and four sons.