CCMP gets investor go-ahead following death of chief exec


Stephen Murray CCMP CapitalInvestors have voted in favour of CCMP Capital Advisors continuing after the firm’s president and chief executive Stephen Murray died.

His death triggered a key-man clause allowing LPs in the $3.6bn fund to vote on whether they wanted the remaining team to continue as before, according to a source with knowledge of the matter cited by Dow Jones.

CCMP Capital Investors III closed last September, beating its target by $100m as well as surpassing its $3.4bn predecessor.

The firm targets mid-market buyout and growth equity opportunities and at the time said it would use its third fund to make 12 or 13 deals.

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