Stephen Murray, Former President and Chief Executive Officer, CCMP Capital

Stephen P. Murray was a private equity investor and the former President and Chief Executive Officer at CCMP Capital. This is a private equity company that works to provide growth in equity transactions. He was born in August 1962 and passed on in March 2015. His career kicked off in 1984 when he joined a NewYork-based firm know as Manufacturers Hanover’s private equity group. Murray was part of the credit analyst training program serving as a Credit Trainee. He later joined MH Equity Corporation in 1989. This is a private equity and leveraged unit of Manufacturers at Hanover’s private equity group. Chemical Bank purchased Manufacturers Hanover’s Private equity in 1991. MH Equity was merged with Chemical Venture Partners. JP Morgan was formed in 2000 following a three firm merger. Stephen Murray CCMP Capital was named its head in 2005. JP Morgan was known for investing in middle-sized market deals alongside bank’s clients. The Bank later opted out after the firm outbid KKR &Co, Blackstone Group LP, and TPG Capital on the purchase of a Dublin-based drug maker firm known as Warner Chilcott. The purchase angered Henry Kravis who is KKR &Co co-founder. Henry later expressed his warning to the Bank against the competition.

Read more: Exclusive: CCMP Capital CEO Stephen Murray leaves firm

Mr. Stephen Murray had served at CCMP and its predecessors since 1989 when it was known as Chase Capital Partners. He co-founded CCMP Capital in August 2006 which contained a buyout and growth equity transactions team. The team involved a spin-off from the former JP Morgan Partners. The group went on independently, and Mr. Murray was named Chief Executive Officer of CCMP Capital in 2007. He succeeded Jeff Walker who was the predecessor and founder of the group. Stephen Murray served at CCMP Capital for 16 years before resigning due to health related reasons. He also worked on some boards in large companies. The companies include AMC Entertainment, The Vitamin Shoppe, Aramark, Legacy Hospitals Partners, Generac Power Systems, and Warner Chilcot.

Mr. Murray’s most recent positions on the board of executives included Strongwood Insurance Holdings, Octagon Credit Investors, Infogroup Inc, LHP Hospital Group, and Ollie’s Bargain Outlet. Gregg Brennemann succeeded him as Chief Executive Officer and Chairman at CCMP Capitals.

Mr. Murray was raised in Westchester County, a suburb in NewYork. He attained his Arts Degree at Boston University. Murray later pursued a Masters in Business Administration from Columbia University in NewYork. He has left behind his wife Tami Murray and their four sons.

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