CCMP started out in 1984 as Chemical Venture Partners. 7 years later, the founders of Chemical Venture Partners, Chemical Bank, merged with Manufacturers Hanover. This merge caused Manufacturers Hanover’s Capital Partners to merge with Chemical Venture Partners. 5 years after this, Chemical Bank goes through another merger with Chase Manhattan Bank. When this happens, Chemical Venture Partners is renamed Chase Capital Partners. A short 4 years later, another merger takes place and the firm is renamed JPMorgan Partners by its new leadership at JP Morgan. In 2006, the firm splits from JP Morgan and becomes its own private entity. It renames itself CCMP Capital. The new name is an acronym for the firm’s previous leadership.
The firm specializes in leveraged buyout and growth capital. Since 1984, when the firm was founded, it has invested about 12 billion dollars in their specialty areas. The firm now has more than 50 employees at their offices in Tokyo, Hong Kong, London and New York. The firm many invests in 4 different sectors. The first sector it is invested in is chemicals and energy. Over the past 3 decades, the firm has invested more than 2.5 billion dollars into chemicals, production and exploration, midstream services and midstream, oilfield services and power. The second sector is healthcare, which it has invested more than 1.5 billion dollars into over the past 30 years. The investments were put into healthcare service providers, companies that sold specialty products, distributors of medical products and managed care payors or organizations. The third sector that the firm is invested in is the industrial sector.Stephen Murray CCMP Capital has invested in manufacturing, industrial services and distribution with over 4 billion dollars in the past 3 decades. And the fourth and final area of investment for CCMP is consumer and retail. The firm has invested more than 7.5 billion dollars in specialty retail, multi-channel marketing, service businesses, information services and mass channel supply. Some of the companies that CCMP has gotten involved with is Jamieson, Jetro, Francesca’s Collections and Aramark.
Stephen P. Murray was the Chief Executive Officer at CCMP Capital from just after it got its independence, in 2007, until his death according to Wall Street, in 2015. Murray was a big supporter of different charities, including the Food Bank of Lower Fairfield Country, the Make-A-Wish Foundation of Metro New York, Stamford Museum and a few educational institutions. He did not only support through donations, but also through leadership, Murray was on the board at Boston College and on the council for the Make-A-Wish Foundation in New York’s metro area. He also served on the board of companies like The Vitamin Shoppe, Cabela’s, Warner Chilcott and AMC Entertainment.