Mr. Brenneman Announces Death of Former CCMP Capital Stephen Murray

CCMP Capital has finally confirmed that Stephen Murray the former President and CEO of the company has died. At the age of 52. According to the company’s chairperson, who has now taken over his duties, Murray resigned a month earlier before his death last month citing health reasons.

After his death, Mr. Brenneman, the new President, Chairman, and CEO expressed the sadness on behalf of the company after learning the death of the former partner and friend of the firm. He later sent his condolences, thoughts, and prayers to the family of Stephen Murray’s Wife and sons.

Brennam Described Ex-CCMP Capital as a man who was dedicated to his work, pioneer of the firm, a terrific investor and dealmaker in the private equity industry.

He also said on behalf of the company that Stephen Murray’s positive contribution will always be appreciated for making CCMP Capital become a success. During Mr. Murray’s reign, the company went through various transformations that have led to the current status.

CCMP Capital roots started in the 1980s. It started with Chemical Venture Partners which was a division of Chemical Bank. Manufacturers Hanover Corp. then merged with Chemical Bank and brought together MH Capital Partners and Chemical Venture Partners. Later Chase Manhattan Bank merged with Chemical Bank making Chase become part of J.P. Morgan & Co., and the resulting business was referred to as J.P. Morgan Partners. Learn more about Stephen Murray CCMP: https://www.pehub.com/2007/10/5-questions-with-stephen-murray/

CCMP was formerly referred to as JP Morgan Partners before the name was changed after the company separated with J.P. Morgan Chase. Murray was one of the pioneers of JP Morgan’s Merchant Bank in 1989 contributing immensely to the growth of the private-equity business. Learn more about Stephen Murray CCMP: http://heroesofthepacific.com/2016/02/a-history-of-ccmp-capital-and-its-founding-ceo-stephen-murray/

The firm’s strategy was to invest in bigger and better known private equity firms in acquiring minority stakes in companies such as concession operator Aramark. For instance, the firm won a bid for Warner Chilcott, over a contested bid by competitors like TPG Capital, Blackstone, and KKR. Later, TPG responded their anger through a threat to pull all their businesses from JP Morgan. It was through this experience that CCMP Capital was split off from JP Morgan.

Murray has had a successful run in his leadership after he was named CEO in 2007. The major contribution in the firm was the establishment of a new identity with investors. He participated in the raise of a total of $3.6 billion of funds in 2015.

Read more:

The Exponential Growth of CCMP Capital Under Stephen Murray’s Leadership

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