Monthly Archives: January 2016

Functions of CCMP Capital as Advanced by Stephen Murray

CCMP Capital is a global private equity investment firm based in New York, the world’s largest regional economy according to crunchbase. Founded in 1984, the firm concentrates on leverages buyout and growth capital investments in Europe and North America. CCMP Capital generally invests millions of equity in companies to make public companies private, grow developing businesses, equalize over -levered capital structures and help founder-owned businesses by providing estate diversification solutions. The firm targets four sectors of the economy which are consumer/retail, industrial, healthcare and chemicals/energy.

CCMP Capital was originally founded as Chemical Ventures Partners where it served as the private equity and venture capital arm of Chemical Bank, whose headquarters were in New York City. Later in 1996, after acquiring Chase Manhattan Bank, Chemical Ventures Partners changed its name to Chase Capital Partners. In 2000, the new brand again acquired J.P Morgan & Co. and J.P Morgan Chase then changed its name to JP Morgan Partners. During this period, the brand expanded again after integrating private equity organization including Manufactures Hanover, Robert Fleming & Co, Chase Manhattan, Hambrecht & Quist and The Beacon Group.

In 2004, Bank One was completely acquired by JP Morgan Chase. JP Morgan Partners announced the spin out from JP Morgan Chase in March of the following year, which was to be effective in July 31, 2006. This marked the birth of CCMP Capital, the acronym in reference to JP Morgan Partners’ predecessor entities; Chemical, Chase and JP Morgan. In 2007, CCMP Capital was ranked seventeenth among world’s largest private equity funds. The firm has invested approximately $12 billion in leverage buyout and growth capital transactions. The global private equity firm has over 50 employees with offices in New York, Tokyo, London and Hong Kong.

Stephen Murray CCMP Capital is trusted by a good number of the world’s most established limited partners. The firm’s ream of investors include diverse constituencies like corporate pension funds, public, sovereign wealth funds, funds of funds, endowments and foundations, and high net worth investors. With a high sense of partnership, teamwork and diversity, the firm collaborates closely with management teams at every step of investment after which, the process is actively monitored through constant interaction with the portfolio company management.

A successful company means great leadership. Behind CCMP Capital’s success was an exceptional leadership of Stephen Murray. Murray was a private equity investor and philanthropist having a masters’ degree in business administration from Colombia Business School. He became the president of CCMP Capital and was named the CEO in 2007. He served at the firm until early 2015. Stephen Murray also served on the board of major companies like Aramark, Warner Chilcott, The Vitamin Shop, Generac Power Systems, Legacy Hospital Partners and AMC Entertainment. Murray’s philanthropic nature saw him support Make-A-Wish Foundation of metro New York, Boston College and Colombia Business School.

George Soros Foundation Banned by Russia as a State Security ‘Threat’

Fortune.com reports from Russia state that the country issued a ban to a charity that stands for pro-democracy founded by George Soros, a billionaire who founded and managed his own hedge fund and is currently involved in philanthropy work. Russia stated that the charity was banned as it was a threat to the state security as well as the constitution. A statement that was released last year from the office of the Prosecutor General in Russia clarified that two branches that form part of the charity network run by Soros were added to a “stop list”. The “stop list” entails foreign NGOs whose activities have been deemed “undesirable” by Russia. The two are Open Society Institute Assistance and the Open Society Foundations.

The statement went on to elaborate that the activities of the Open Society Institute Assistance Foundation and the Open Society Foundations were a threat to the constitution of Russia. The statement read that the two charities were a threat to the very foundations that held the constitutional system of Russian Federation in place and the overall security of Russian state. The report did not elaborate further on the other circumstances that led to the ban.

George Soros, founder and chair of Open Society Foundations and the Soros Fund Management, had earlier on voiced his opinion that the West ought to increase their aid to Ukraine. He went on to outline some steps towards a financing package worth $50 billion. He added that this financing package ought to be viewed as a bulwark against Russia that was becoming increasingly aggressive.

In response to the ban imposed by Russia, the Open Society Foundations expressed its dismay at the decision arrived at by Russia. In a statement released by the Open SocietyFoundations, the foundation responded to the contrary of the prosecutor’s allegations about its activities. It held that its activities that spanned a quarter of a century were aimed at strengthening the rule of law and the protection of rights for all people in Russia. It also went on to say that in the past its efforts had been appreciated by both the Russian citizens and its officials and regretted the changes that prompted the issuance of the ban. The statement displayed the Foundation’s regrets that the government had rejected their support to the civil society in Russia and the aspirations held by the Russian people.

Soros responded to the ban in a separate statement that claimed he was confident that the Russian ban was just a temporary aberration. He added that the Russian people had aspirations for a good future which could not be suppressed and they would succeed ultimately. (Full Story here) The Open Society Foundations was founded back in 1979 by George Soros. This was after the hedge fund he had founded and managed, Soros Fund Management, reached $100 million and his personal wealth shot to $25 million. It started its philanthropic activities by offering scholarships to black people in South Africa during the era of apartheid. (More) Soros is 85 years old and is involved in the funding of foundation networks that support freedom of expression, human rights and access to education and health in over 70 countries in the world.

Brazilian Success Story Igor Cornelsen

The world of business is one that requires people to be able to demonstrate many kinds of skills. Those who can demonstrate the ability to use the market well and meet consumer demands are those who are likely to do well in the world. The accumulation of capital is a skills that most people will find necessary to do during their lifetime. Managing capital well is also a skill as well. In many cases, people find it ideal to consult with someone who knows how to use the markets well and how to earn an impressive rate of return on any specific stock investment.

Help from someone such as Igor Cornelsen can be ideal. Cornelsen is a native of the nation of Brazil. Here, he has done a great deal to demonstrate to investors how the local area market works. His work in the field of Brazilian markets is one that people who live in Brazil and those who wish to invest in the nation from abroad can respect. They know that he fully understands all aspects of the local area market quite well. They also know that Igor Cornelsen on wikidot has done much to demonstrate how best to take advantage of the region to be able to find investments that may not be otherwise apparent at first glance or for those who are not aware of all the nuances of the market.

Igor Cornelsen wants his investors to succeed as much as he has done in this part of the world. He knows that an investment in Brazil can benefit both the investor and the nation at the same time. Igor Cornelsen also knows that investing in this part of the world can be an ideal way for any investor to be able to add a real ability to diversify to their portfolio and create one that is likely to expand and grow in the future as others join in here. The nation of Brazil stands poised to see vast expansion and a great deal of tremendous growth in the coming decades.

Investment in Latin America will continue to be important as investors realize how much they want to be part of a part of the world where there is tremendous room for growth. Cornelsen has shown others how it is possible to work within the confines of the market to get their desired ends. His work here has included many areas of investments with a specific focus on the area of banking. His own insights have helped others enjoy the same kind of level of success that Igor Cornelsen has as they have chosen to follow his advice about investing here. He expects his role as an investor to continue in the future.

The New Profession Entering the Corporate World

The role of compliance officer has not been around as long as you may think. Some people may not have even heard of a compliance officer nor do they know what it is they do. A compliance officer’s job is to create a compliance program that prevents, finds and fix’s ethical and regulatory problems. With modern skills and tools, they can find problems and fix them. They use audits and risk assessments frequently in their job. In heavily regulated industries such as banking and gaming, careers in compliance are fast growing and seem to have the best opportunity for advancement.

Recently, the Mississippi Business Journal wrote an article explaining the roles and career opportunities of this fast growing profession. Compliance officers must be multinational. When doing business with foreign lands, a company must know and follow the rules and regulations of both countries. The hiring of a compliance officer can cut employee cost of the company because a compliance officer settles the need for more auditors and risk assessors. A compliance officer must be able to influence a company’s leadership and one compliance officer has done just that.

Helane Morrison is the compliance officer of Hall Capital Partners,LLC. Since 2007 she has been the lead compliance officer of a company that is managing $29 billion. She is no stranger to rules and law. She practiced law prior to joining the firm in 2007. For ten years she practiced law and was elevated to position of partner in 1991. Her expertise in business litigation and experience in conducting corporate investigations made her perfect for the job.

Helane worked for the SEC prior to her time at Hall Capital. Here she did litigation for the Securities and Exchange Commission, San Francisco office and was the first female to be appointed to the title of regional director here. Her career is studded with big titles, but her main is objective is gender equality in the workplace.

Keep up with Helane on her Crunchbase for the latest news about her life and career.

 

Men Are More Fashionable These Days Thanks To The Internet

Let’s face it. Men are vainer than women. Sure, women pamper themselves, and they make sure they look their best almost all the time. But vanity isn’t the only force driving women. The main force is the love of shopping. That’s right. And that love has finally spilled over and attached itself to men.

Shopping is a new experience for most men. Going into a store and trying on leather shoes and clothes was a sign of male weakness for decades, and they avoided it. Shopping was like helping a friend move. It was painful, but thanks to the Internet the pain is gone, and the vanity is stoked.

A recent survey conducted by IBISWorld concluded that the men’s e-commerce business is the fastest growing segment of the market. Women have been shopping for clothes and shoes for years online, but the recent influx of male shoppers has surprised brick and mortar retail stores.

More of those retailers are gearing their advertising to men shoppers online and its working. Men feel comfortable shopping online. There is no one around to make fun of them, and they can pick what they when they want. It’s 24 hour a day shopping experience, and some men need that much time decide what to buy. But that’s another story.

One website that has taken the men’s shoe business by surprise is the Paul Evans Footwear site. Paul Evans Footwear is a New York-based brand that offers men Italian footwear that is not sold in the off-the-rack shoe departments in major retailers. Paul Evans designs are made in the South Of Italy in a factory that has been producing fine leather footwear for decades. The factory has an exclusive arrangement with Paul Evans Footwear. The line is designed in New York and hand-made in Italy.

The beauty of Paul Evans Footwear is there is never any hassle when it comes to size. Paul Evans designers developed the line based on today’s footwear sizes. That means men that need a size 13 and above can find what they want on the website. Paul Evans styles are also in sync with the today’s fashion trends. Rich brown calfskin wingtips and black kidskin ankle boots are just part of the Paul Evans Shoe Collection.

According to an article published by BusinessInsider.com, men are waking up and buying fashion from head-to-toe online. And the men’s vanity meter just went up a notch.

President Of The US Money Reserve Wants The Penny To Be Dismissed

CNBC’s Squawk Box featured an interview with Philip Diehl who currently serves as the President of the US Money Reserve. The interview covered the demise of the penny, and Diehl is the perfect person to speak on the topic given his history. This article explains how Philip Diehl rails against the pro-penny lobby, and the video of his interview is below for your viewing reference.

#1: The Penny Is No Longer Necessary

Philip has noted many times that cash transactions represent just 25% of the money people spend. The cents are often taken care of by credit cards or debit cards, and a penny is no longer needed in large portion of sales. The penny could be phased out easily while retailers change their prices to meet the needs of an economy with no pennies.

#2: The Penny Is Too Expensive

The penny costs nearly twice its value to produce, and the US Mint is losing money every time a penny is pressed. Philip served as the director of the US Mint, and he has seen money fly out the door with the pressing of every penny. Philip knows the only people who benefit from the penny are the blank makers, zinc suppliers and stamp makers.

#3: The Government Must Update Itself

Nearly every modern country in the world has made changes to its currency over the years to meet the needs of the public. The US government is holding on to the tradition of the penny that could be replaced with something equally-meaningful, but the pro-penny lobby is very strong. Any time the penny seems to be ready to die, someone comes up with a reason to keep it.

The writing has been on the wall for the penny for many decades. Philip served as the director of the US Mint long ago, but he remembers moves to eliminate the penny from production. The penny is still alive because people do not want to progress with the rest of society, and Philip wants the government to make the right decision for its budget and the majority of its population.

 

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Guaranteed Independence with Assisted Living Facilities

Some families think that the elderly needs supervision at all times, but quite a few seniors are very independent. They want to continue doing things for themselves without the assistance of anyone. They do not wish to lose their dignity, so they choose to live on their own.

Assisted living facilities give these seniors the independence they need. They do not need constant supervision. They have total control of their lives. If they need medical assistance, the facility will provide it for them. For comfort and privacy, the facility is usually an apartment setting. Housekeeping or any other services are readily available for seniors if they need the assistance. Some facilities offer church services as well.

Statistics has shown that 87% of senior residents require help with food preparations, and 81 % sought help with managing their medications. The staff at these facilities creates schedules for nutrition plans and also for social activities, only if the residents require these services. They are also available for any other type of duties like bathing or dressing the residents. The residents are the ones that make the decision on the type of activities they need.

The Assisted Living Federation of America has stipulated the importance of accessibility, independence, quality of life, dignity and personal choices. Moreover, the National Center for Assisted Living has compiled guidelines for assisted living facilities. The guidelines stress the importance of personal care. Furthermore, the staff should take into consideration the social, emotional, cultural, intellectual, and spiritual needs of the residents. They should also show kindness and compassion. In a 2013 survey, the majority of residents have reported experiencing a high quality of life, excellent care, and a sense of security while staying in these assisted living facilities.

One Assisted Living facility that fills the void is Manse on Marsh. They have been helping seniors for over fifteen years. They have developed several senior communities. Their goal is to make seniors feel at home and to eliminate the stereotype “old folks home.” They offer independence to seniors by giving them the security and comfort of home.

Their facilities are private, safe, and comfortable. Seniors can apply for a variety of available homes including cottages, one-bedrooms, and studio apartments. Seniors can add services and care on a need basis. Additional services include caregivers, medication technicians, and a pendant for seniors to request assistance. In the new commercial they even showcase that there is also a full-time Registered Nurse on staff. These other services are available 24 hours a day, seven days per week. The goal is to give seniors their independence, so the Manse and Marsh facility provides five discreet check-ins every day. The duties involve making beds, three meal tickets, and evening trash removal. The facility offers short-term stays, which includes full access to their services.

All You Need to Know About Jaime Garcia Dias

Jaime Gracia Dias is one of the most famous authors and educators in Brazil, listed on Wikipedia as one of Rio’s most influential people. He was born in 1970 in Rio de Janeiro to the renowned author and journalist Arnaldo Dias and his architect wife Dulce Garcia Dias. With such highly educated parents, it is perhaps not surprising that Jamie Garcia Dias grew up surrounded with books that were to have a major impact on his life as the discussion of his careers here shows, and as he’s said himself through his educational Vimeo videos.

Literature Career

Mentioning that with heavy influence from his father on his blog, Jaime Garcia Dias started his literature career by writing a novel at just 15. The novel, inspired by Joao Guimaraes Rosa’s The Devil to Pay in the Backlands made him an instant celebrity in Brazil’s intellectual circles. Encouraged by the success of his first novel, he would go on to author 9 more books by the time he hit 30. By 2015, he had already authored 20 well-received novels.

Apart from authoring many fictional books, Jamie Garcia Dias is also a prolific essayist. From 2013, he began contributing weekly essays to Jornal da Brasil. Most of them are about his childhood and the influence his father had on his literature career.

Educationalist

CrunchBase records that Jamie Garcia began working as a teacher at Carioca Literature Academy in 1995. The Academy, founded in 1907, acts as a training ground for teenagers from high school who plan to pursue a career in literature. So successful were his teaching methods that just two years later he was made the Academy’s Vice President. In 2007, he was made its President as it celebrated its 100th anniversary.

Awards

Over the course of his literature career spanning three decades, Jamie Garcia Dias has won numerous awards for his excellent novels. The most memorable one is perhaps the prestigious White Crane Award which he won in 2001 for his Fell from Heaven novel. The award and the subsequent promotion of his works by the already established Argentine author Josue Gomez made him a household name in much of South America.

With all these achievements, it is sometimes difficult to believe that Jamie Garcia Dias is just 45. If he continues with his current relentless pace, there is no doubt that he will go down in history as one of the most prolific authors in Brazil’s history, locally as well as internationally.