Daily News: September 12, 2014

CCMP Capital Closes Fund with $3.6B of Commitments

Private equity firm CCMP Capital Advisors said it closed its most recent middle market buyout and growth equity vehicle at $3.6 billion in aggregate capital commitments.

In CCMP III, the firm will seek to generate outsized returns through the operational transformation of middle market companies in North America and Europe in the Consumer/Retail, Industrial, Energy and Healthcare industries. CCMP utilizes its proprietary research process and deep operating and investment expertise within its four vertical practice areas to identify thriving subsectors and companies within them that it believes have exceptional prospects for growth. CCMP partners with highly talented management teams to execute buyout and growth equity transactions with the goal of creating top-performing companies.

CCMP III’s investors include domestic and foreign public and corporate pension funds, sovereign wealth funds, insurance companies, foundations, endowments and high net worth individuals. The closing of CCMP III, the successor fund to the $3.4 billion CCMP Capital Investors II fund raised in 2006, brings the firm’s assets under management and committed capital to approximately $7.5 billion.

“The success of this fundraise is a testament to our team’s 30-year track record of strong and consistent returns and the confidence and trust of our existing and new limited partners who are investing alongside us,” said Stephen Murray, president and CEO. “We are pleased with the construction and performance of the fund’s current portfolio and look forward to delivering outstanding returns for our investors.”

CCMP III has already invested in three companies:

Jamieson Laboratories, a leading branded provider of vitamin, mineral and supplement products in Canada; The Hillman Group, a leading distributor of fasteners, keys, engraveable tags and other hardware-related items primarily to the North American retail market; and Jetro Cash & Carry, the largest cash and carry business-to-business retail foodservice operator in the United States.