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Private Equity
ccmpcapital.com

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Investments

16

Portfolio Exits

28

Funds

10

Service Providers

1

About CCMP Capital Advisors

CCMP Capital is a global private equity firm specializing in buyout and growth equity investments in the U.S. and Europe in four targeted industries: consumer/retail & media, industrial, energy, and healthcare. It was originally founded as Chemical Venture Partners and has also been known as Chase Capital Partners and JP Morgan Partners. JP Morgan Partners separated from JP Morgan Chase and adopted the name CCMP Capital in August 2006. They continue to manage private equity investments for JP Morgan Chase.

CCMP Capital Advisors Headquarter Location

245 Park Avenue 16th Floor

New York, New York, 10167,

United States

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Latest CCMP Capital Advisors News

The Hillman Group, a Leading Value-Added Specialty Distributor of Hardware and Home Improvement Products, to Become Public Company

Feb 9, 2021

Long standing, deeply embedded strategic partner to omni-channel retailers Manage 110,000+ SKU’s at over 40,000 locations, including 32,500 kiosks Non-replicable field sales and service team, 1,100 strong Market and innovation leader across compelling categories #1 market positions in fastener, hardware, key duplication, engraving and PPE product categories Serving large, high growth and resilient markets Total addressable market of ~$45 billion Enduring home improvement trends: millennials buying homes, suburban migration, and boomers aging in place Multiple growth drivers and recession resistance Sales have grown every year but one in past 56 years Home improvement and other trends support mid-single digit core organic growth Proven M&A record: $550 million in acquisitions since 2018 to drive future growth Strong financial profile Strength proven during COVID: FY2020E sales up 12% and Adj. EBITDA up 24% Well-invested platform generating substantial cash flow Transaction Overview The transaction implies an enterprise valuation for Hillman of $2.642 billion, or 11.0x projected 2021 pro forma Adjusted EBITDA of $240 million. Estimated cash proceeds from the transaction are expected to consist of Landcadia III’s $500 million of cash in trust. In addition, investors led by Wells Capital Management and Columbia Threadneedle Investments’ Small Cap Growth Strategy have committed to invest $375 million in the form of a PIPE at a price of $10.00 per share of common stock of Landcadia III immediately prior to the closing of the transaction. The company expects to use the proceeds from the transaction to accelerate Hillman’s growth initiatives, substantially reduce existing debt, support marketing efforts, and provide additional working capital. It is anticipated that the combined company will have approximately $741 million of debt net of $96 million of cash and cash equivalents on its consolidated balance sheet. The Landcadia III sponsors and members of its board of directors and management team have agreed to a lock-up period of up to one year following the closing, subject to termination as early as approximately 180 days after closing if certain trading price targets are met. Upon the closing of the transaction, and assuming none of Landcadia III’s public stockholders elect to redeem their shares, existing Hillman shareholders are expected to own 49% of the combined company, the Landcadia III sponsors are expected to own 5% of the combined company, PIPE participants are expected to own 20% of the combined company, and public stockholders are expected to own 26% of the combined company. The boards of directors of each of Landcadia III and Hillman have unanimously approved the transaction. The transaction will require the approval of the stockholders of Landcadia III and of Hillman, and is subject to other customary closing conditions, including the receipt of certain regulatory approvals. The transaction is expected to close in the second quarter of 2021. Advisors Barclays and Jefferies are acting as financial advisors to Hillman and Ropes & Gray LLP is acting as legal advisor to Hillman. Jefferies is acting as capital markets advisor to Landcadia III, and White & Case LLP is acting as legal advisor to Landcadia III. Jefferies and Barclays are acting as placement agents for the PIPE. Conference Call and Webcast Information Investors may listen to a pre-recorded call discussing the proposed business combination later today at 9:00 am EST. The call may be accessed by dialing 1-877-407-4018 for domestic callers or 1-201-689-8471 for international callers. Once connected with the operator, please ask to join the “Landcadia Holdings III and Hillman Group Business Combination Announcement Conference Call.” A replay of the call will also be available today from 11:00 am EST to 11:59 pm EST on April 19, 2021. To access the replay, the domestic toll-free access number is 1-844-512-2921 and participants should provide the conference ID of “13715493.” Please visit the Investor Info section of Hillman’s website https://www.hillmangroup.com/us/en/investor/info to access the webcast. About Hillman Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers. Leveraging a world-class distribution and sales network, Hillman delivers a “small business” experience with “big business” efficiency. For more information on Hillman, visit https://www.hillmangroup.com/us/en . Landcadia Holdings III, Inc. Landcadia III is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Landcadia III’s sponsors are TJF, LLC, which is wholly-owned by Mr. Fertitta, and Jefferies Financial Group Inc. Landcadia III’s management team is led by Mr. Fertitta, its Chief Executive Officer and Co-Chairman of its Board of Directors and the sole shareholder, Chairman and Chief Executive Officer of Fertitta Entertainment, Inc., and Mr. Handler, Landcadia III’s President other Co-Chairman of its Board of Directors and the Chief Executive Officer of Jefferies Financial Group Inc. Landcadia III raised $500,000,000 in its initial public offering in October 2020 and is listed on Nasdaq under the ticker symbol “LCY.” About CCMP Capital CCMP Capital Advisors, LP (“CCMP”) specializes in middle market buyouts and growth equity investments of $100 million to $500 million in North America and Europe. CCMP focuses on generating alpha through the operational transformation and growth of its portfolio companies. With offices in New York and Houston, CCMP invests in three primary industries: Consumer, Industrial and Healthcare. Selected investments under management include: BGIS, Eating Recovery Center, Founder Sport Group, Hayward, The Hillman Group, PQ Corporation, Shoes For Crews and Truck Hero. Forward-Looking Statements This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Company’s and Landcadia III’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s and Landcadia III’s expectations with respect to future performance and anticipated financial impacts of the proposed business combination, the satisfaction of the closing conditions to the proposed transaction and the timing of the completion of the proposed transaction. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company’s and Landcadia III’s control and are difficult to  predict. Factors that may cause such differences include, but are not limited to: (1) the risk that the proposed business combination disrupts the Company’s current plans and operations; (2) the ability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably and retain its key employees; (3) costs related to the proposed business combination; (4) changes in applicable laws or regulations; (5) the possibility that Landcadia III or the Company may be adversely affected by other economic, business, and/or competitive factors; (6) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; (7) the outcome of any legal proceedings that may be instituted against Landcadia III or the Company following the announcement of the merger agreement; (8) the inability to complete the proposed business combination, including due to failure to obtain approval of the stockholders of Landcadia III or Hillman, certain regulatory approvals or satisfy other conditions to closing in the merger agreement; (9) the impact of COVID- 19 on the Company’s business and/or the ability of the parties to complete the proposed business combination; (10) the inability to obtain or maintain the listing of the combined company’s shares of common stock on Nasdaq following the proposed transaction; or (11) other risks and uncertainties indicated from time to time in the registration statement containing the proxy statement/prospectus relating to the proposed business combination, including those under “Risk Factors” therein, and in Landcadia III’s or the Company’s other filings with the SEC. The foregoing list of factors is not exclusive, and readers should also refer to those risks that will be included under the header “Risk Factors” in the registration statement on Form S-4 to be filed by Landcadia III with the SEC and those included under the header “Risk Factors” in the final prospectus of Landcadia III related to its initial public offering. Readers are cautioned not to place undue reliance upon any forward-looking statements in this press release, which speak only as of the date made. Landcadia III and the Company do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. No Offer or Solicitation This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Additional Information In connection with the proposed business combination, Landcadia III intends to file a registration statement on Form S-4 with the Securities and Exchange Commission (the “SEC”), which will include a proxy statement/prospectus, that will be both the proxy statement to be distributed to holders of Landcadia III’s common stock in connection with its solicitation of proxies for the vote by Landcadia III’s stockholders with respect to the proposed business combination and other matters as may be described in the registration statement, as well as the prospectus relating to the offer and sale of the securities to be issued in the business combination. After the registration statement is declared effective, Landcadia III will mail a definitive proxy statement/prospectus and other relevant documents to its stockholders. This document does not contain all the information that should be considered concerning the proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of the business combination. Landcadia III’s stockholders, the Company’s stockholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus included in the registration statement and the amendments thereto and the definitive proxy statement/prospectus and other documents filed in connection with the proposed business combination, as these materials will contain important information about the Company, Landcadia III and the business combination. When available, the definitive proxy statement/prospectus and other relevant materials for the proposed business combination will be mailed to stockholders of Landcadia III as of a record date to be established for voting on the proposed business combination. Landcadia III’s stockholders and the Company’s stockholders will also be able to obtain copies of the preliminary proxy statement, the definitive proxy statement and other documents filed with the SEC, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to: Landcadia Holdings III, Inc., 1510 West Loop South, Houston, Texas 77027, Attention: General Counsel, (713) 850-1010. Participants in the Solicitation Landcadia III and Hillman and their respective directors and officers may be deemed participants in the solicitation of proxies of Landcadia III’s stockholders in connection with the proposed business combination. A list of the names of Landcadia III’s directors and executive officers and a description of their interests in Landcadia III is contained in Landcadia III’s final prospectus dated October 13, 2020 relating to its initial public offering, which was filed with the SEC and is available free of charge at the SEC’s web site at www.sec.gov. Information about the Company’s directors and executive officers is available in Hillman’s Form 10-K for the year ended December 28, 2019 and certain of its Current Reports on Form 8-K. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Landcadia III stockholders in connection with the proposed business combination will be set forth in the registration statement containing the proxy statement / prospectus for the business combination when available. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed business combination will be included in the proxy statement that Landcadia III intends to file with the SEC, including Jefferies Financial Group Inc.’s and/or its affiliate’s various roles in the transaction. You should keep in mind that the interest of participants in such solicitation of proxies may have financial interests that are different from the interests of the other participants. These documents can be obtained free of charge from the sources indicated above. Media Contact

CCMP Capital Advisors Investments

16 Investments

CCMP Capital Advisors has made 16 investments. Their latest investment was in Badger Sportswear as part of their Private Equity on December 12, 2017.

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CCMP Capital Advisors Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/11/2017

Private Equity

Badger Sportswear

$20.72M

Yes

1

2/6/2013

Series D

Axiom

$28M

Yes

2

1/2/2011

Private Equity

Volotea

Yes

1

4/23/2010

Private Equity

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$99M

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10

1/2/2008

Private Equity

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$99M

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10

Date

12/11/2017

2/6/2013

1/2/2011

4/23/2010

1/2/2008

Round

Private Equity

Series D

Private Equity

Private Equity

Private Equity

Company

Badger Sportswear

Axiom

Volotea

Subscribe to see more

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Amount

$20.72M

$28M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

2

1

10

10

CCMP Capital Advisors Portfolio Exits

28 Portfolio Exits

CCMP Capital Advisors has 28 portfolio exits. Their latest portfolio exit was Eating Recovery Center on October 05, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/5/2021

Acq - Fin - III

$991

3

3/12/2021

IPO

$991

1

1/25/2021

Acq - Pending

$991

2

00/00/0000

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10

00/00/0000

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10

Date

10/5/2021

3/12/2021

1/25/2021

00/00/0000

00/00/0000

Exit

Acq - Fin - III

IPO

Acq - Pending

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Companies

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Valuation

$991

$991

$991

Acquirer

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Sources

3

1

2

10

10

CCMP Capital Advisors Acquisitions

31 Acquisitions

CCMP Capital Advisors acquired 31 companies. Their latest acquisition was BGIS on March 11, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/11/2019

$991

Acq - Fin

2

6/7/2018

Shareholder Liquidity

$175.91M

Shareholder Liquidity

1

8/30/2017

Acq - Fin - II

$91.74M

Acq - Fin - II

2

6/19/2017

Acq - Fin

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$99M

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10

4/3/2017

Acq - Fin

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$99M

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10

Date

3/11/2019

6/7/2018

8/30/2017

6/19/2017

4/3/2017

Investment Stage

Shareholder Liquidity

Acq - Fin - II

Acq - Fin

Acq - Fin

Companies

Subscribe to see more

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Valuation

$991

Total Funding

$175.91M

$91.74M

$99M

$99M

Note

Acq - Fin

Shareholder Liquidity

Acq - Fin - II

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Sources

2

1

2

10

10

CCMP Capital Advisors Fund History

10 Fund Histories

CCMP Capital Advisors has 10 funds, including Marvel Co-Invest LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/5/2017

Marvel Co-Invest LP

Buyouts & Acquisitions

$150M

1

9/12/2014

CCMP Capital Investors III LP

Buyouts & Acquisitions

$3,600M

1

8/7/2014

CCMP Co-Invest III A LP

Buyouts & Acquisitions

$76M

1

10/29/2007

CCMP Capital Investors II LP

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$99M

10

12/3/2002

J.P. Morgan Partners Global Investors

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$99M

10

Closing Date

5/5/2017

9/12/2014

8/7/2014

10/29/2007

12/3/2002

Fund

Marvel Co-Invest LP

CCMP Capital Investors III LP

CCMP Co-Invest III A LP

CCMP Capital Investors II LP

J.P. Morgan Partners Global Investors

Fund Type

Buyouts & Acquisitions

Buyouts & Acquisitions

Buyouts & Acquisitions

Subscribe to see more

Subscribe to see more

Status

Amount

$150M

$3,600M

$76M

$99M

$99M

Sources

1

1

1

10

10

CCMP Capital Advisors Service Providers

1 Service Provider

CCMP Capital Advisors has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

CCMP Capital Advisors Team

28 Team Members

CCMP Capital Advisors has 28 team members, including current Chief Executive Officer, President, Stephen P. Murray.

Name

Work History

Title

Status

Stephen P. Murray

Chief Executive Officer, President

Current

Ryan Anderson

Managing Director

Current

Allison Bernbach

Managing Director

Current

Leslie Brun

Managing Director

Current

Julie Casella-esposito

Managing Director

Current

Name

Stephen P. Murray

Ryan Anderson

Allison Bernbach

Leslie Brun

Julie Casella-esposito

Work History

Title

Chief Executive Officer, President

Managing Director

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

Current

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