Monthly Archive: February 2016

CCMP Capital – Successful Private Equity Investment Firm

Stephen Murray CCMP Capital is a successful private equity firm that is globally known. They specialize in buyout and growth equity transactions and have invested over $16 billion. Since 1984 they have been conducting business and focusing on four different areas of expertise. Those targeted areas are consumer/retail, industrial, healthcare and chemical/energy type of businesses. They are known for the expertise in the industry as well as their operating resources, which is where their strengths hold steady. CCMP Capital, and it’s team of executives exhibits exceptional strength, expertise and their reputation is impeccable as they have been labeled as a world-class investment partner in the industry of investments.

Stephen Murray was president and the chief executive officer of CCMP Capital. He was responsible for overseeing the day to day structures and business transactions, and brought many years of experience to the industry. He attended Boston College and graduated with his degree in economics. After received his Bachelor’s degree, he decided to get his Master’s degree in business administration. He graduated with his Bachelor’s in 1984 and his Master’s in 1989. His career in the financial investment companies began in 1984 when he started working for Manufacturers Hanover Corporation in their credit analysts training program. He then joined MH Equity Corporation in 1989. The two Corporations then joined together until Chemical Bank purchased Manufacturers Hanovers in 1991. At that point, MH Equity was combined with Chase Manhattan Corporation in 1996. Chemical Venture Partners eventually became Chase Capital Partners and in 2005 Murray became head over the business and they eventually combined into JP Morgan Partners. CCMP Capital is a spin-off of JP Morgan Chase. Murray co-founded CCMP Capital and was named the CEO in 2007.

Murray also was part of the board of some of the most major companies such as Aramark, Generac Power Systems, AMC Entertainment, The Vitamin Shoppe, Cabela’s and Pinnacle Foods are just to name a few. He was a private investment equity investor as well as a philanthropist at heart. He was part of the Make A Wish Foundation and participated at Boston College as well as the Food Bank. He continued to be part of the board of trustees at the Boston College. Murray sadly passed away in March of 2015. He will be remembered for his hard work and efforts that were portrayed with the success of CCMP Capital.

CCMP stands to reflect the history of how it was created. It stands for Chemical Ventures, Chase Capital, Manufacturers Hanover Capital/J.P. Morgan and Partners. CCMP announced that they would act as an independent firm in 20016 and they take pride and ownership in their executive team of experts who know the industry very well and understand how to effectively execute financial decisions.

Purina® Beneful® Brand Dog Food Creates Good Food and Fun for Dogs and Their Owners

Purinastore® Beneful® brand dog food was founded in 2001 under the principle of making quality dog food from real ingredients. Beneful® has a variety of flavors for both their wet and dry food. They always start with real meat, like chicken, beef or salmon. They then add tasty fruits, vegetables and grains to give dogs a well-balanced, nutritious and delicious meal.

Their dry dog foods cover several specific needs for dogs. Their Incredibites® line is made up of small bits, which make it easier for small dog to chew. They also have special formulas for weight control, puppies and to encourage a playful life style in all dogs. Beneful® does more than basic dog food, they also have a wide variety of treats. From dental treats in every flavor and for every size dog, to baked goodies for a fun snack.

Beneful® has also launched a fun video series called Dinner for Two. It is a cooking show that teaches the viewer how to make a simple meal inspired by one of Beneful’s® wet food flavors. The meal is for the human only, but dog owners get the satisfaction of being able to share a similar meal with their beloved dog.

Along with making great food for dogs, Beneful® also helps to create and improve local dog parks across the country. With their Dream Dog Park program, they have helped support crowdfunding campaigns and community leaders to improve existing dog parks or build new ones. Using a combination of financial and volunteering aid, Beneful® has transformed five dog parks since 2010.

This blend of charity work and producing quality food for all dogs is what makes Purina® Beneful® brand dog food one of the most popular dog food brands in the United States.

 

US Money Reserve Podcast on the Best Way to Invest in Gold

 

 

Philip Diehl, president of US Money Reserve, recently expressed his opinions on investing in gold on an internet podcast. Diehl sees no reason for investors to purchase gold in bars or other forms in lieu of bullion coins. This is for several reasons, but the most important is that with other forms of gold you are never sure exactly what you are getting. Recently there have been gold rounds coming in from overseas distributors that turned out to be complex counterfeits. Bullion coins, on the other hand, are backed by the United States government for both their weight and purity. This helps give investors the peace of mind that they need to be confident in their investments. A further benefit provided by bullion coins is that they are legal tender, whereas gold bars and other forms of the precious metal are not.

 

Diehl sees plenty of opportunities for buying gold in the coming years. he believes demand is set to rise worldwide thanks to a combination of factors. The rapid growth of the middle class, especially in BRIC countries, will add millions of investors with disposable income to invest. Due to the political turmoil seen in many of these countries a significant amount of investors will likely look to gold as a way to safeguard their wealth.

 

Another major factor that could help fuel gold purchases in the coming years is the value of the dollar. Diehl thinks it is impossible for the dollar to continue its reign as the top currency indefinitely. When the dollar’s value begins to falter it will bring the price of gold down in other countries and present an extremely attractive buying opportunity. Although Diehl does not say when this will happen he believes that the value of the dollar peaked during 2015.

 

Overall, investors who are looking for a way to preserve and store their wealth should look no further than bullion coins. During the 2008 financial collapse investors lost billions of dollars as the stock market plummeted. This sent hoards of investors running to gold. Instead of rushing to gold in a panic it would make much more financial sense to for investors to store some of their wealth there to begin with. Gold has been used to accomplish this for thousands of years, a practice which Diehl believes will continue far in to the future.

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Philanthropic Work of the DeVos Family

Dick DeVos is the son of Richard DeVos who co-founded and operated Amway, one of the largest distributors of consumer goods. Hailing and residing from Western Michigan, Dick and his wife of 30 years, Betsy DeVos are not only known for their financial success but also for their philanthropic history. As members of the wealthy social class in Grand Rapids, it is customary to be expected to give back to the community through large donations. The DeVos family has certainly done their part. In a Forbes report, the DeVos family said they donated around $1.2 billion over their lifetime. This report came after Forbes reportedly kept requesting a response. According to an MLIVE article, the Dick DeVos and his wife Betsy were listed number 20 on Forbes’ top 50 giver list. A large majority of the funds donated stayed in their local area of Grand Rapids where they invest much time and energy to promote a better community in which they live. The fund donated were also given to church’s and other religiously affiliated institutions, educational endeavors as well as many Republican think tanks.

Hailing from Michigan, Dick DeVos attended and graduated from Northwood University. DeVos worked in many fields within his father’s company of Amway before eventually running the company as president in 1993 and continued to grow the company to 18 countries and increase profits substantially until 2002. Dick Devos has also had great success beyond his business ventures. In 1991, DeVos joined the Orlando Magic and he became CEO and President of the esteemed basketball team. DeVos is also an avid competitive sailor who has one two national titles. He also can fly planes and helicopters.

The DeVos, Dick and Betsy, have been together for 30 years and have since then had 4 children and 2 granddaughters. The family is involved in education and studies as well as business. The Dick and Betsy DeVos Family Foundation was established in 1989 with the simple mission of giving the family a funnel through which they can do their philanthropic work. It is through this foundation that the DeVos family has done a majority of their philanthropy. Dick and Betsy DeVos’ affiliation to the Republican Party date back to when Betsy DeVos was in college. Both Dick and Betsy DeVos spend much of their time and energy in their local community of Grand Rapids, Michigan where they are on committees and chairs to make sure that their home-town continues to prosper and have a promising future.

Congratulations to all the local residents and businesses who work hard to make West Michigan an incredible place to live, work, and visit!

Posted by Dick DeVos on Tuesday, January 26, 2016

Visual Search Is Becoming Vital For Online Shoppers

E-commerce involving online retail primarily targets millennials who live and breathe tech, but according to an article published in Live Mint there seems to be one major problem looming over online retailers. Finding the correct size in clothes or shoes is sending young adults back to regular stores as apposed to buying them online. That’s where the newest trend of tech comes in to save the day. Visual search is an advancing technology that can take a picture of something, select a certain product, and then scour the web for exact or similar matches. This eliminates the issue of size and gives customers the ability to find what they’re looking while still continuing to shop online. Because of this necessity multiple start up companies have been popping up around the world to offer their visual search technology, and with such a high demand many of these startups have flourished.

Slyce, a well known leader in visual search, was co-founded by entrepreneur Cameron Chell and has grown to be one of the greatest start ups creating and innovating visual search techonlogy. Slyce’s first product was their universal scanner which takes pictures of 1D, 2D, or 3D images and then searches a multitude of websites to find exact or similar matches including which shop has the best price. The scanner is available on mobile smartphones via their app and can be used at any store. For shoppers on the go this is a real game changer, for example if you’re sitting in a doctor’s office flipping through a magazine and come across a bag you’d like to have all you have to do is snap a picture and within three seconds you have the exact product for sale plus similar results.

Recently Slyce purchased the popular app SnipSnap, a virtual coupon finder and storage system. SnipSnap offers a massive database with over hundreds of thousands of coupons as well as the ability to snap a picture of a coupon and save it to your smartphone. Pounce, their newest app, lets people take pictures of real life images and instantly receive prices and availability of that product from nearby stores.

Slyce’s continued innovation in visual search has begun to help mend fences with shoppers and the world of online shopping. As the technology continues to evolve its safe to say it may eliminate the need for traditional search engines all together.