CCMP Capital which was formerly called JP Morgan Partners is an investment firm specializing on leveraged buyout as well as growth capital. The firm has invested about $12 billion in growth capital and leveraged buyout since it commenced operations. In 2007, Stephen Murray CCMP Capital was listed position 17 among the largest private equity funds all over the world. The firm has over 50 staffs and offices in London, NY, Tokyo and Hong Kong. Over the previous two decades, CCMP has had several names, originally formed as Chemical Venture Partners in 1984. It was established to operate as a private equity and venture capital section of Chemical Bank.
In 1996, Chemical acquired Chase Manhattan Bank and it adopted the name Chase. Chemical Venture Partners also was affected by this acquisition and it was called Chase Capital Partners. In the year 2000, the group acquired J.P. Morgan & Co. and its name changed to JPMorgan Chase while the private equity investment acquired the name JP Morgan Partners. In 2004, the group yet again acquired Bank One which had its own private equity known as One Equity. In 2005, JP Morgan Partners commenced spinout process and completed separation from JPMorgan Chase in July 2006. The new firm was called Stephen Murray CCMP Capital as a reference to its predecessor entities.
CCPM’s Industrial Expertise
CCPM Capital has invested in retail, consumer and services like healthcare, energy, industrial, financial services among others. The firm has invested in these areas for a long time under any market condition. CCPM Capital is able to understand certain issues and opportunities relating to these sectors thus providing managers of entities excellent platform for partnership. In the healthcare sector, CCMP has invested in medical devices and pharmaceuticals. Within the energy sector, the firm focuses on production, generation of power and exploration. For Industrial, CCPM has made investments in automotive, manufacturing and distribution.
Stephen Murray was the ex- president and Chief Executive Officer of CCMP Capital. He started as a credit analyst at Manufacturers Hanover Corporation. Following the spinout of JP Morgan Chase and formation of CCPM Capital, he was named the CEO of the firm in 2007. Murray was member of board of major organizations like AMC Entertainment, Warner Chilcott, Aramark and many more. Also, he was supporting some foundations and other initiative across New York. He was vice chair board of trustees at Boston College.
CCPM Capital target markets in North America and Europe. The firm typical investments range from $100 to $500 million of equity per transaction to those companies with $250 million to $2 billion in capital. The firm would help entities to grow and expand, enabling corporate curve-outs as well as enhancing smooth transformation of public entities into private ones.
Today’s business world is more reliant on technology than ever before. With more and more of the most high profile businesses being technology companies, and even the companies that are not selling technology are using technology to improve the efficiency of their company. The most successful minds in business today are extremely familiar with technology, and they are able to utilize technology in their business. One of the most experienced business people in the technology sector today is Shaygan Kheradpir.
Shaygan was born in London, but he was raised in Iran. When he was high school aged, he was sent to high school in Switzerland. He excelled in high school, and after high school, he decided to go to the United States for college. He excelled in electrical engineering and ended up receiving a bachelor’s, master’s, and his doctorate from Cornell University. This degree opened a great number of doors for Shaygan.
After receiving his doctorate degree, Shaygan immediately went into the job market. His first job was working for GTE Laboratories. During his time he worked on networking, but he also built his business skills. He worked on management and helped to keep the many projects that GTE was working on. He was a hard worker, that was also extremely talented, and he eventually worked his way up the ladder. He became the Chief Information officer at GTE. The Wall Street Journel credited Shaygan for his ability to keep things progressing on time.
At the beginning of the millenium. GTE was acquired by Verizon, and Shaygan had to once again adapt to the new company. Shaygan quickly adapted and was able to help the company form new and exciting product ideas. Shaygan was credited by the company for his vision, and his ability to keep things on task. Verizon added several technological improvements under Shaygan’s guidance, and these improvements prepared Verizon for a new and exciting future.
Shaygan has been successful at every stop he has made during his career. Shaygan has a wide variety of skills that make him a valuable asset. One of the biggest skills he has managed to acquire is the ability to keep projects on task, and to be able to work with a wide variety of different people. These skills have been especially helpful for Shaygan, but the most important skill for Shaygan has been his ability to understand technology and where the world of technology is going. Shaygan was well educated about the world of technology, and this knowledge has improved his ability to adapt in the rapidly changing world of business.
Just as Shaygan was able to adapt to the world of business because of his ability to look into technology before others knew what they were doing, other businesses that regularly hire technological savvy leadership should also see the benefit of their insight. In order to keep up with the changing world most businesses are now hiring high quality technology experts for a wide variety of positions.
Most people who own and use a smartphone will agree that the price for the service has increased rather drastically in recent years to the point where they are paying three or four times the amount of money they once paid a few years ago. FreedomPop understands this issue and wants to help anyone out who feels like they are paying too much for their service. The LA startup that has been up and running since 2012 is looking to provide individuals with free text, talk and data, all without signing a contract or staying on for an extensive period of time. With the recent money it raised, it is now possible for the company to expand its services to even more customers as it looks to offer as many individuals as possible its free service.
FreedomPop has been looking to provide quality mobile service for individuals around the country, but as it is offering the services for free it does need to seek out money from external sources in order to improve its network and to buy the data from other mobile service providers. Essentially, FreedomPop buys data at a flat rate from Sprint. The company that gives the data to its subscribers for free. Each individual is able to receive up to 500 MB worth of data a month and then the amount of money after it does cost a flat rate. This makes it a quality product for anyone who is looking to reduce the amount of money they spend on a mobile cell phone.
The $30 million brought in recently brings the total amount of money the company has raised in the last three years up to $50 million. This makes it especially desirable and it shows it is able to continue to expand against the larger companies.
A state proposal in Arkansas which would prevent state and local governments from expanding anti-discrimination protections for gays and lesbians is being criticized publicly by Wal-Mart whose corporate headquarters are in Bentonville.
The pending bill, HB 1228 would bar cities and counties from expanding anti-discrimination protections to gays and lesbians because they supposedly create additional burdens on religious beliefs.
Wal-Mart includes sexual orientation and gender identity in its non-discrimination policy.
Susan McGalla knows that the bill follows a December cancellation of a Fayetteville, Arkansas ordinance that made discrimination based on sexual orientation or gender identity illegal. Human rights advocates are disturbed by any act that permits an individual to use religious beliefs to justify discriminatory behavior.
A Wal-Mart spokesman said that the bill would not change the way Wal-Mart treats its employees which is with respect for every individual.
Wal-Mart’s public opposition to this bill comes after its commitment to raise its lowest level wages to $9.00 per hour in April. It’s looking a lot like Wal-Mart is defending civil rights and improving conditions for workers. Wal-Mart critics may start feeling kind of warm and fuzzy toward this big box corporate behemoth one day, maybe soon.