CCMP Capital Looses One of Its Longest Serving President, Steve Murray

CCMP Capital is an organization based in New York City. The company is a private equity firm, with the aim of leverage buyout and the increase of capital transaction. The company is very famous, and over the years, it has managed to do very well, earning the respect of many consumers.

Before getting the current name, CCMP was called JP Morgan Partners. It was started as a partnership, and after several years, JP Morgan Chase pulled out of the partnership. Since it was founded, the organization has spent a lot of money on the transactions it has done. It is believed that they have done $12billion on these transactions. In 2007, during a survey, CCMP was ranked number 17 for being on the largest equity funds that are privately owned.

Since its formation, CCMP has employed a lot of people in its offices. The company has its head offices in New York City, but it has other offices in different places in the world. Some offices can be found in Hong Kong, Tokyo, and even London. The company has a new chairperson since 2008, known to many a Mr. Greg Brennenmen.

Over the last 20 years, the organization has changed its names a number of times. CCMP was founded in 1984. In the beginning, it was called Chemical Ventures. It was operating as a private equity and also a venture capital for Chemical Bank.

The management and leadership of CCMP changed a lot in 2007. The CEO position was given to Stephen Murray CCMP Capital. Before him, Jeff Walker was the person in the position but was given other responsibilities. Steve Murray has worked for the company for a very long time, even before getting the CEO position. Since 1989, he had held several positions in the institution. He, however, died recently when he was 52 years of age. He had chosen to leave his job earlier after his health becomes a concern.

Stephen Murray CCMP is known to many as a private equity investor and a philanthropist. He spent most of the time in his career working for CCMP Company. He went to school at Boston College where he graduated with an economics degree. He also attained a business administration master’s degree from Columbia School of Business. He was involved in philanthropic activities all his life. Steve Murray was very instrumental in the establishment of Make a Wish Foundation that is based in New York City. In Boston College, he was one of the members of the board of trustees.

The current CCMP chairperson, known as Mr. Greg Brennemarn, said that CCMP was mourning the death of their partner and friend. Murray was one of the founding partners of CCMP Company. He was also very good in making deals.

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