Browse Category: Private Equity Investment

Why Stephen Murray Was a Rare Private Equity Investment Icon

Few private-equity industry players can match the dedication and endurance of Stephen “Steve” P. Murray. Trudging for more than 25 years of his life in the industry, he left a trail of great success and glorious victories.

A holder of master’s degree in Business Administration from Columbia Business School and an Economics graduate from Boston College, Murray has worked with a large number of major companies including MH Equity Corporation which later merged with Chemical Venture Capital and was even later renamed Chase Capital Partners. Read more: Ex-CCMP Capital CEO Steve Murray passes away and Stephen P. Murray, 52; Financial Executive; Stamford Resident; Vice Chair Boston College Board of Trustees

In addition, he has sat on the board of several top companies such as Warner Chilcott, Pinnacle Foods, Aramark, The Vitamin Shoppe, AMC Entertainment, Legacy Hospital Partners, and Generac Power Systems.
A Gifted Deal Maker

One of Murray’s most remarkable talents was his ability to turn a small investment into a towering figure of success. When he joined JP Morgan Partners in 1989, it was just but a relatively small company. When he left two-and-half decades later, it was a gigantic private equity investment firm.

Since it was a small company, JP Morgan Partners could not get minority stakes in companies alone. Therefore, it had to work with major firms in the private equity industry including Aramark. It, however, pulled a surprise on its bigger rivals when it beat them in successfully bidding for Warner Chilcott, a drug company. Angered by the new acquisition, one of the bigger companies—TGP—threatened to terminate its business connections with JP Morgan.

In response to the threats, the company separated from CCMP. In 2007, Stephen Murray rose to the position of President and CEO of the new outfit, CCMP Capital. His deal making and leadership prowess was evident when he helped raised fund totaling $3.6 the same year. With the same breath he helped build a new brand that investors could identify with.

A Selfless Philanthropist

The glory of great success is never complete without giving back what you’ve got from the society. Stephen Murray was well known in philanthropy circles for helping children (whose lives are endangered by medical conditions) get assistance through the Make-A-Wish Foundation where he was included in the chairman’s council as a member.

In addition, he was an enduring supporter of his former colleges, Columbia Business School and Boston College where he was the chairman of the board of trustees.

Before his death on 12 March 2015, Stephen Murray had resigned his post at the helm of Capital due to ill-health. It was perhaps too early for him to pass away at just 52.

A lot of people in need could have used his generosity. Nevertheless, his star as one of the greatest figures in the history of private equity shines on.

Learn more about Stephen Murray CCMP Capital:

https://www.pehub.com/2007/10/5-questions-with-stephen-murray/
http://xrepublic.net/2014/09/11/stephen-murray-the-great-investor-and-deal-maker-for-ccmp-capital/