CCMP Capital Advisors, LP is an American

private equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...

investment firm that focuses on

leveraged buyout A leveraged buyout (LBO) is the acquisition of a company using a significant proportion of borrowed money (Leverage (finance), leverage) to fund the acquisition with the remainder of the purchase price funded with private equity. The assets of t ...

and

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

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

JPMorgan Chase JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational financial services, finance corporation headquartered in New York City and incorporated in Delaware. It is List of largest banks in the United States, the largest ba ...

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 (state), a state in the northeastern United States * New York City, the most populous city in the United States, located in the state of New York New York may also refer to: Places United Kingdom * ...

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

and

Tokyo Tokyo, officially the Tokyo Metropolis, is the capital of Japan, capital and List of cities in Japan, most populous city in Japan. With a population of over 14 million in the city proper in 2023, it is List of largest cities, one of the most ...

. In 2008, CCMP hired Greg Brenneman 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, headquartered in New York City, was the principal operating subsidiary of Chemical Banking Corporation, a bank holding company. In 1996, it acquired Chase Bank, adopted the Chase name, and became the largest bank in the United Stat ...

. Following Chemical's acquisition of

Chase Manhattan Bank JPMorgan Chase Bank, N.A., doing business 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 financial services holding ...

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, Chase Manhattan, Hambrecht & Quist, Robert Fleming & Co., The Beacon Group and J.P. Morgan & Co. In 2004,

completed its acquisition of

Bank One Bank One Corporation was an American bank founded in 1968 and at its peak the sixth-largest bank in the United States. It traded on the New York Stock Exchange under the stock symbol ONE. The company merged with JPMorgan Chase & Co. on July 1, ...

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 ...

. 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 bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients in ...

(

Metalmark Capital Metalmark Capital, formerly Morgan Stanley, 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, Citigroup ...

Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, t ...

(

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 in ...

), Deutsche Bank (

MidOcean Partners MidOcean Partners is a New York City , 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. MidOc ...

) and

Credit Suisse First Boston Credit Suisse First Boston (also known as CSFB and CS First Boston) was 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 1 ...

(

Avista Capital Partners Avista Capital Partners, LLP is an American private equity firm headquartered in New York City focused on growth capital and leveraged buyout investments in middle-market companies in the domestic healthcare sector. History The firm was founded ...

Diamond Castle Holdings Diamond Castle Holdings is a private equity firm focused on leveraged buyout and growth capital investments in middle-market companies across a range of industries including the media, healthcare, financial services, power and industrial sectors. ...

). 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 organization In the life sciences, a contract research organization (CRO) is a company that provides support to the pharmaceutical, biotechnology, and medical device industries in the form of research services outsourced on a contract basis. A CRO may provid ...

Medpace to

Cinven Cinven Limited is a global private equity firm founded in 1977, with offices in nine international locations in Guernsey, London, New York, Paris, Frankfurt, Milan, Luxembourg, Madrid, and Hong Kong that acquires Europe and United States–bas ...

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 (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...

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, California, San Mateo County in the San Francisco Bay Area of California, United States. It is bordered by San Francisco Bay on the north and east; East Palo Alto, California, Eas ...

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

information technology Information technology (IT) is a set of related fields within information and communications technology (ICT), that encompass computer systems, software, programming languages, data processing, data and information processing, and storage. Inf ...

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, ...

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, headquartered in Leeds. It is Britain's largest gym chain by membership, with over 1,900,000 members registered to their gyms. PureGym also operate gyms in 8 more countries and have ...

, then in 2015 it bought

LA Fitness Fitness International LLC is a North American gym chain with over 700 clubs across the United States and Canada. The company was founded in 1984 and is based in Irvine, California. History In 1984, the first LA Fitness was founded by founder C ...

, 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 romanization, SASM/GNC: Chinese postal romanization, previously romanized as Sinkiang, officially the Xinjiang Uygur Autonomous Region (XUAR), is an Autonomous regions of China, autonomous region of the China, People' ...

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 *

AMC Entertainment AMC Entertainment Holdings, Inc. (doing business as AMC Theatres, originally an abbreviation for American Multi-Cinema; often referred to simply as AMC) is an American movie theater chain founded in Kansas City, Missouri, and now headquartered ...

Aramark Aramark is an American Foodservice, food service and Facility management, facilities services provider to clients in areas including education, prisons, healthcare, business, and leisure. It operates in North America (United States and Canada) a ...

* Berry Plastics *

Bill Barrett Corporation Bill Barrett Corporation was an energy company based in Denver, Colorado. Its core business is natural gas and oil exploration and development in the Rocky Mountains region of the United States. History William J. "Bill" Barrett founded the co ...

* Brake Bros Ltd *

Cabela's Cabela's Inc. is an American retailer that specializes in hunting, fishing, boating, camping, and other outdoor recreation merchandise. The chain was founded by Richard N. Cabela and Jim Cabela in 1961. Cabela's was acquired by Springfield, Mi ...

. * Crosstown Traders *

DIC Entertainment DIC Entertainment Corporation (; also known as DIC Audiovisuel, DIC Enterprises, DIC Animation City, DIC Entertainment, L.P., and DIC Productions, sometimes stylized as DİC) was a French American film and television production company that ...

* Generac Power Systems, Inc. * Guitar Center, Inc * Hanley Wood * Hillman Solutions (relisted on NASDAQ in 2021) *Infogroup * Klöckner Pentaplast * Kraton (polymer) * Medpace *

ONO (Spain) ONO was a Spain, 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 milli ...

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 foun ...

* Quiznos Sub * Renovo * Smurfit Kappa * The Tennis Channel * Triad Hospitals *Truck Hero, Inc. * Vetco *

Volotea Volotea () is a Spanish low-cost airline registered in Castrillón and headquartered in Barcelona. History Foundation and early years Volotea was established by Alaeo S.L. from Barcelona, a company created by former Vueling founders, Carlo ...

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

Warner Chilcott Warner Chilcott (formerly Galen) was a company in the pharmaceutical industry based in Rockaway, New Jersey. It was primarily focused on women's healthcare and dermatology. On October 1, 2013, the company was acquired by Actavis (now Allergan). H ...

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 Companies based in New York City