New York-based private equity firm CCMP Capital Advisors has announced the closing, with total commitments of USD3.4bn, of its second fund, CCMP Capital Investors II, which focuses on buyo
New York-based private equity firm CCMP Capital Advisors has announced the closing, with total commitments of USD3.4bn, of its second fund, CCMP Capital Investors II, which focuses on buyout and growth equity investment opportunities in the US, Europe and Asia.
The closing of CCMP II increases the firm’s assets under management and committed capital to USD10bn. CCMP Capital’s founders have led numerous buyout and growth equity investments, having invested more than USD12bn since 1984 in the consumer, energy, healthcare, industrial and media sectors.
‘The closing of CCMP II is both a significant milestone for our firm and a recognition of the success of our investment strategy, which has generated superior returns for our investors,’ says CCMP Capital president and chief executive Stephen P. Murray. ‘We believe that exciting investment opportunities have been created by current market conditions and we are well positioned to pursue and capitalise on these opportunities.’
The firm’s chairman, Jeffrey C. Walker, adds: ‘We are confident that CCMP Capital’s strategy is the right one for the current environment to take advantage of our experience and strengths. CCMP II was met with considerable enthusiasm among investors and has a more diversified base of investors than our previous fund, which we also view as a strong endorsement of our investment approach.’
CCMP II has already invested in three companies, two in the industrial sector and one in the consumer sector. Generac Power Systems is the leading North American manufacturer of standby power generators for residential, light-commercial and industrial usage, with manufacturing facilities in Wisconsin and Iowa, while Edwards is a UK-based producer of highly engineered vacuum products for the semiconductor and general vacuum markets.
Aramark is one of the largest food and support services and uniform providers in the world to healthcare institutions, universities, schools, stadiums and arenas, and businesses.
CCMP Capital Advisors specialises in buyouts and growth equity investments in companies ranging in size from USD500m to more than USD3 billion. Its investments include Grupo Corporativo ONO, Hanley Wood, Quiznos Sub, SafetyKleen Europe and Warner Chilcott. The firm has offices in New York and London, and is affiliated with CCMP Capital Asia, which has offices in Australia, China, Japan and Korea.