Steve Murray: Terrific Investor and Deal Maker

The ex- chief executive officer of CCmp Capital Advisor, Stephen Murray, who resigned a month before his death, died at the age of 52. The former resigned due to health issues and later was deceased on March 12. He was described by his partners in CCMP Capital Advisors as a deal maker and a terrific investor.

Stephen Murray was born on August 2nd, 1962. He attended Boston College where he earned a degree in economics in 1984. He then proceeded to Columbia business school from which he earned a master’s degree in business administration. He started his career in 1984 when he became part of the credit analyst training program at Manufacturers Hanover Corporation.

The consequent changes in his first job built his career positively. He became the head of the buyout in JP Morgan partners in 2005. Steve Murray became the co-founder of CCMP Capital in 2006 as a spinout of JP Morgan Chase. CCMP spun out of JP Morgan to avoid conflicts with clients at the bank. CCMP Capital contained the buyout and growth equity team of its private equity group.

It specializes in a middle market controlled buyouts growth equity investments. In 2007, Murray was named CEO of CCMP Capital. He has also worked on the board of major companies such as legacy hospital partners, Warner Chilcott, Pinnacle Foods and Generac power systems among others.

Stephen Murray CCMP Capital is also remembered for his works of philanthropy. He supported to make a wish foundation of the Metro in New York.

In CCMP Capital, Stephen Murray is remembered as co-founder investor and friend to his partners. After Murray was named the head of banks buyouts businesses in 2005, a lot of arguments ensued. The bank had divested in their investing and outbid KKR & CO among other companies at that time.

Henry Kravis, the co-founder of KKR, became angered and warned the bank against competing with them.  Later they separated, and CCMP Capital was born. Their relationship henceforth was better as said by Murray.

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One comment

  • Carl Smith
    February 2, 2017 - 10:01 am | Permalink

    Murray reported the difficulty they had faced in getting deals because of the feuds they were encountering. He also supported the food bank of lower Fairfield and Stanford Museum among others. It could have been the simplest thing for cheap essay to forwards to and it has grown over since then.

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