CCMP Capital is an American

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a t ...

investment firm that focuses on

leveraged buyout A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money ( leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loa ...

and

growth capital Growth capital (also called expansion capital and growth equity) is a type of private equity investment, usually a minority investment, in relatively mature companies that are looking for capital to expand or restructure operations, enter new mar ...

transactions. Formerly known as JP Morgan Partners, the investment professionals of JP Morgan Partners separated from

JPMorgan Chase JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, t ...

on July 31, 2006. CCMP has invested approximately $12 billion in

and

transactions since inception. In 2007, CCMP was ranked #17 among the world's largest private equity funds. CCMP has 37 employees with offices in

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a List of cities in China, city and Special administrative regions of China, special ...

and

Tokyo Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, with an estimated 37.46 ...

. In 2008, CCMP hired

Greg Brenneman Gregory D. Brenneman (born November 26, 1961) is an American businessman. He serves as the chairman of CCMP Capital, an American private equity firm. Early life Brenneman was born on November 26, 1961 in Kansas. He graduated from Washburn Univer ...

as chairman."Eddie Bauer Files for Bankruptcy"
by Stephanie Rosenbloom and Michael J. de la Merced, ''The New York Times'', June 17, 2009 (6/18/09, p. B3, NY ed.). Retrieved 6/18/09.

History

CCMP has been known by several names over the past two decades, founded as Chemical Venture Partners in 1984, to serve as the private equity and venture capital arm of

Chemical Bank Chemical Bank was a bank with headquarters in New York City from 1824 until 1996. At the end of 1995, Chemical was the third-largest bank in the U.S., with about $182.9 billion in assets and more than 39,000 employees around the world. Beginning ...

. Following Chemical's acquisition of

Chase Manhattan Bank JPMorgan Chase Bank, N.A., doing business as Chase Bank or often as Chase, is an American national bank headquartered in New York City, that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and fi ...

in 1996, Chemical adopted the Chase name and Chemical Venture Partners changed its name to Chase Capital Partners. Similarly, following the 2000 acquisition of J.P. Morgan & Co. and the formation of

, the group changed its name yet again to JP Morgan Partners. Over this time, the platform grew through its integration of the private equity organizations of

Manufacturers Hanover Manufacturers Hanover Corporation was the bank holding company formed as parent of Manufacturers Hanover Trust Company, a large New York bank formed by a merger in 1961. After 1969, Manufacturers Hanover Trust became a subsidiary of Manufac ...

, Chase Manhattan,

Hambrecht & Quist Hambrecht & Quist (H&Q) was an investment bank based in San Francisco, California noted for its focus on the technology and Internet sectors. H&Q was founded by Bill Hambrecht and George Quist in California, in 1968. H&Q was an early player i ...

, Robert Fleming & Co., The Beacon Group and J.P. Morgan & Co. In 2004,

completed its acquisition of Bank One which had its own in house private equity investment group,

One Equity Partners One Equity Partners is a private equity firm with over $10 billion in assets under management which primarily deals with the industrial, healthcare and technology sectors in North America and Europe. One Equity Partners was the merchant banking a ...

. One Equity, led by Dick Cashin was ultimately designated as the lead private equity platform for JPMorgan Chase at which point JP Morgan Partners formalized plans to spin out of JPMorgan Chase. JP Morgan Partners announced the spinout in March 2005 and completed the separation from JPMorgan Chase effective July 31, 2006. The new firm adopted the CCMP acronym in reference to its predecessor entities (i.e., Chemical and Chase and JP Morgan Partners). In April 2006,

completed the sale of a $925 million interest in JP Morgan Partners Global Fund to a consortium of secondary investors. The spinout of CCMP came at the same time as the spinouts of private equity groups from other leading investment banks including:

Morgan Stanley Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...

(

Metalmark Capital Metalmark Capital, formerly Morgan Stanley Capital Partners is a private equity firm focused on leveraged buyout investments in middle-market companies across a range of industries. Metalmark was acquired by Citigroup Alternative Investments ...

Citigroup Citigroup Inc. or Citi ( stylized as citi) is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomera ...

(

Court Square Capital Partners Court Square Capital Partners is a private equity firm focused on leveraged buyout transactions. Court Square was originally a captive private equity firm within Citigroup known as Citigroup Venture Capital Equity Partners. Court Square's inves ...

), Deutsche Bank (

MidOcean Partners MidOcean Partners is a New York-based alternative asset management firm that specializes in mid-sized private equity and alternative leveraged investments. The firm, founded in February 2003, is based in Midtown Manhattan. MidOcean was original ...

) and

Credit Suisse First Boston Credit Suisse First Boston (also known as CSFB and CS First Boston) is the investment banking affiliate of Credit Suisse headquartered in New York. The company was created by the merger of First Boston Corporation and Credit Suisse Group in 1988 ...

( Avista Capital Partners, Diamond Castle Holdings). In 2007, CCMP completed fundraising for its most recent fund, closing on $3.4 billion in commitments from institutional investors for CCMP Capital Investors II. CCMP Capital Investors II, represented the first fund raised by the CCMP team subsequent to its split from JPMorgan Chase and came in slightly below the original $3.5 billion target that CCMP set for the fundraising. In February 2014, CCMP sold the pharmaceutical contract research organisation Medpace to Cinven for around $900 million. In August 2016, CCMP Capital Advisors acquired Badger Sportswear, a Statesville, N.C.-based maker of team uniforms, performance athletic wear and fanwear.

Panorama Capital

Prior to its spin out from

in 2006, JP Morgan Partners made investments in

and

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which h ...

transactions. Following the spinout, the investment professionals focused on

transactions separated from the CCMP Capital team to form a new firm, Panorama Capital. Based in

Menlo Park, California Menlo Park is a city at the eastern edge of San Mateo County within the San Francisco Bay Area of California in the United States. It is bordered by San Francisco Bay on the north and east; East Palo Alto, Palo Alto, and Stanford to the south ...

, Panorama continues to focus on early and expansion-stage opportunities in both the

information technology Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of data . and information. IT forms part of information and communications technology (ICT). An information technology syste ...

and

life sciences This list of life sciences comprises the branches of science that involve the scientific study of life – such as microorganisms, plants, and animals including human beings. This science is one of the two major branches of natural science, th ...

sectors. Panorama began raising its first independent fund in October 2005, with a target size of $500 million. After more than a year of fundraising, Panorama closed on approximately $240 million of investor commitments.

Unitas Capital

In December 2008, CCMP Capital Asia, which had operated increasingly autonomously of the US and European teams, completed a formal separation from CCMP Capital, changing its name to Unitas Capital. CCMP Capital Asia, which operated separate private equity investment funds had co-invested in several transactions alongside the global funds.

Linzor Capital

Among the other notable spinouts from CCMP's predecessor, JPMorgan Partners was Linzor Capital Partners. Linzor, which focuses on private equity investments in Latin America, was founded in 2006 by Tim Purcell, Alfredo Irigoin and Carlos Ingham. In 2000, Tim Purcell and Alfredo Irigoin had founded J.P. Morgan Partners Latin America a leading investor in private equity transactions in Latin America. Prior to the merger of J.P. Morgan and Chase in 2000, Purcell had been responsible for J.P. Morgan Capital’s Latin American private equity portfolio from the mid-1990s. In Sep. 2013, CCMP bought

PureGym PureGym Limited is a British chain of no frills health clubs based in the United Kingdom with multiple gyms around the world. The chain is headquartered in Leeds, West Yorkshire, with additional offices in London and Southampton. It is Brita ...

, then in 2015 it bought LA Fitness, a PureGym rival. In Nov. 2017, CCMP Capital sold PureGym to Leonard Green & Partners. In Dec. 2018, CCMP Capital declined to comment when its portfolio company Badger had its products pulled from US colleges after its clothing was traced to Chinese detention camps. At the time, CCMP had four sportswear companies including Badger under the umbrella of Founder Sport Group. The AP had tracked Badger Sportswear shipments to one such

Xinjiang Xinjiang, SASM/GNC: ''Xinjang''; zh, c=, p=Xīnjiāng; formerly romanized as Sinkiang (, ), officially the Xinjiang Uygur Autonomous Region (XUAR), is an autonomous region of the People's Republic of China (PRC), located in the northwes ...

internment camp with Muslim captives.

Investments

CCMP manages both the JP Morgan Partners Global Fund and CCMP Capital Investors II. Among CCMP's investments are the following portfolio companies: *

1-800-Flowers 1-800-Flowers.com, Inc. is a floral and foods gift retailer and distribution company in the United States. The company's focus, except for Mother's Day and Valentine's Day, is on gift baskets. They also use the name ''1-800-Baskets.com''. Their ...

AMC Entertainment AMC Entertainment Holdings, Inc. ( d/b/a AMC Theatres, originally an abbreviation for American Multi-Cinema; often referred to simply as AMC and known in some countries as AMC Cinemas or AMC Multi-Cinemas) is an American movie theater chain fo ...

* Aramark * Berry Plastics * Bill Barrett Corporation * Brake Bros Ltd *

Cabela's Cabela's Inc. is an American retailer that specializes in hunting, fishing, boating, camping, shooting and other outdoor recreation merchandise. The chain is based in Sidney, Nebraska. Cabela's was founded by Richard N. Cabela in 1961. Cabela' ...

. * Crosstown Traders *

DIC Entertainment DIC Entertainment Corporation (; also known as DIC Audiovisuel, DIC Enterprises, DIC Animation City, DIC Entertainment, L.P., and DIC Productions), branded as The Incredible World of DIC, was an international film and television production com ...

* Generac Power Systems, Inc. * Guitar Center, Inc *

Hanley Wood Zonda Home provides data and publications relating to commercial property and home construction in North America. The company's publications include ''Architect'', the official magazine of the American Institute of Architects, ''Builder'', the off ...

*Infogroup * Klöckner Pentaplast * Kraton (polymer) * Medpace *

ONO (Spain) ONO was a Spanish broadband communication and entertainment company, delivering integrated telephone, television and Internet services to its residential customers. In this segment, it has 3.7 million services contracted and over six million users ...

Pinnacle Foods Pinnacle Foods, Inc., is a packaged foods company headquartered in Parsippany, New Jersey, that specializes in shelf-stable and frozen foods. The company became a subsidiary of Conagra Brands on October 26, 2018. History The company was fou ...

* Quiznos Sub * Renovo * Smurfit Kappa *

The Tennis Channel Tennis Channel is an American sports-oriented digital cable and satellite television network owned by the Sinclair Television Group subsidiary of the Sinclair Broadcast Group. It is devoted to events and other programming related to the game of ...

* Triad Hospitals *Truck Hero, Inc. * Vetco *

Volotea Volotea (stylised VOLOTEΛ) is a Spanish low-cost airline registered in Castrillón, Asturias, Spain, with bases in Spain, Italy, France and Greece. History Volotea was established by Alaeo S.L. from Barcelona, a company created by former Vue ...

Spain's Volotea Said to Postpone IPO Plans Amid Market Turmoil
(Bloomberg, January 26, 2016) * Warner Chilcott

References

External links

*
Private Sector; When the Limelight Turns Harsh
(July 29, 2001) {{DEFAULTSORT:CCMP Capital Private equity firms of the United States JPMorgan Chase Financial services companies established in 1984 Investment banking private equity groups Companies based in New York City