Stephen Murray was the CEO and co-founder of a private equity firm that specialized in buyout equity trade has sadly passed away. He had been in the industry for many years, and it has been reported that he passed away due to an illness. It’s an unfortunate situation as many have learned and been reliant upon his expertise. CCMP Capital was a spin off of JP Morgan which was an equity firm as well. Through a series of company merges and many different types of banking companies, CCMP Capital was formed in 2006. In 1984, Murray graduated with his bachelor’s degree in economics and started working as an analyst through a training program offered at Manufacturers Hanover Corporation. While working, Stephen Murray decided to go back and get his master’s degree in business administration through the Columbia Business School. He graduated in 1989 when MH Equity Corporation merged with Manufacturers Hanover. I wasn’t long before Chemical Bank strolled in and purchased Manufacturers Hanover in 1991, which put a spin on the company on Crunchbase. MH Equity decided to merged with Chemical Venture Partners while Chemical Bank merged with Chase Manhattan Corporation. In 1996, Chemical Venture Partners revised their entity and became Chase Capital Partners. All business were linked together some way, and Murray was part of all of it. In 2005, it was decided that Stephen Murray would become head of the buyout business at JP Morgan Partners. That was the beginning of the making of CCMP Capital, which became a separate company aside for them and started in 2006. Murray was names the CEO of CCMP Capital in 2007.
Murray was known to have served on many different types of boards, as he was very active in the community. Some of the boards that he served on were Pinnacle Foods, Legacy Hospital Parnter, Cabelas, Vitamin Shoppe and Aramak. Many knew Stephen Murray as an active philanthropist who was very involved in the community surrounding him. He took part in many different types of organizations and foundations in hopes to help the community and give hope to the future. Stephen Murray was a member and supporter of the Make A Wish Foundation and vice chairman of the board of trustees at Boston College. He was also active in the Columbia Business School Board and the local food banks that aimed at feed the community. He was a man full of knowledge and expertise, and will be missed greatly.
Stephen Murray was a renowned financial expert who served as the chief executive officer and president of CCMP Capital. He died in 2015 due to health complications but had already resigned from the company one month earlier. Mr. Murray served the CCMP Capital since 1989, and the firm was known as MH Equity Corporation when he first hired. The MH Equity Corporation on bloomberg.com was later bought by Chase Manhattan Group. After a few years, Chase formed a merger with the JPMorgan & Co. to form the JPMorgan Partners. CCMP Capital was then created in 2006 after the JPMorgan Partners was transformed into a self-governing company.
Stephen Murray CCMP Capital has a bachelor’s degree in Economics, which he was awarded at the Boston College. He also graduated from the Columbia Business School with an MBA. He has been in the investment and financial services sector for over 30 years, and therefore, he acquired sufficient skills in private equity investment on Fortune. Stephen was recognized for being a creative deal maker and investor. He was also acknowledged by the CCMP Capital for making significant contributions, which enabled the company and its forerunners to be successful. He was appointed as head of the firm in 2006 due to the ample experience that he had on private equity investing.
Apart from his career achievements, Mr. Stephen Murray CCMP Capital was also a man who considered his family as his pride and joy. He had a wife, who is known as Tami and they had four children together. Stephen Murray was also a generous individual, who often gave back to the community by donating to fund various important activities. The institutions that he supported include the Columbia Business School, the Food Bank of Lower Fairfield County, Stamford Museum, and Make-A-Wish Foundation. His charity work was appreciated, and he was appointed to be the trustee board’s vice chairperson at the Boston College, and he also joined the Council of the Make-A-Wish Foundation.
Mr. Murray’s term as the president of the CCMP Capital was the most prosperous for its private equity investment business. He was a noteworthy participant in making the firm be recognized as one of the largest and reputable private equity companies in the world. Stephen spearheaded various transactions for the enterprise, and they include private equity funds, leveraged buyouts, and generation of the company’s capital, which made it to own assets that were worth $12 billion dollars. He also assisted the firm in sourcing and employing competent and devoted professionals who work at its offices in London, Hong Kong, Tokyo, and New York.
Learn more about Stephen Murray: http://observer.com/2015/02/this-old-thing-private-equity-honcho-drops-little-place-uptown-for-11m/
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One of the most successful CEOs in the financial industry of New York who always took the time to give back to the community is dead. Stephen Murray, who served as the longtime CEO of CCMP Capital passed away from health complications at the age of 52 in February of last year.
Stephen Murray has left a huge whole at the private equity group where his colleagues say that he was one of the best deal makers that they had ever known. His storied career in investing and deal making, coupled with his philanthropic efforts, make him one of the most intriguing financial professionals in New York. Learn more about Stephen Murray CCMP Capital: http://observer.com/2015/02/this-old-thing-private-equity-honcho-drops-little-place-uptown-for-11m/
Childhood and Education
Murray was actually born and raised in New York. He was raised in Westchester, NY and lived there until he left to get his education. He had a strong education. He first got his bachelor’s in economics in 1984 from Boston College. After that, he moved back to New York where he got his MBA from Columbia College. He also started his professional career during the time where he was getting his MBA.
Hanover Trust Co.
Stephen Murray’s first job out of college was working as a credit trainee at Hanover Trust Co. in New York City in 1984. He had success at the firm right away. It took him just 5 years to climb the ladder at the company and become VP of Middle-Market Lending. During this time he also became a part of what would later develop into the CCMP fund after a few mergers.
Murray worked at Hanover until 1996 when the company merged with Chase Bank Manhattan. After a few other mergers, he became a part of Chase Bank. In 2005 Chase Bank put him in charge of all buyout activities at the bank as this type of deal had become something that he was very skilled at. This is especially true in the retail and the healthcare markets.
In 2006, CCMP struck out from Chase bank to prevent conflict of interest after a merger with Bank One and their private equity division. This fund was most designed to perform mergers and growth investing for mid-size to large corporations nationwide.
Some of the biggest companies that CCMP has invested in are Quiznos, Cabela’s, and Guitar Center. The funds typical investment for each transaction is between $100 and $500 million. They fund is estimated to be worth about $12 billion. Murray retired from the firm due to health complications last January and died the next month.