Inchcape Shipping Services
Inchcape Shipping Services (ISS) is a British multinational ports and marine management company headquartered in London.[1] ISS became owned by London-based private equity firm Epiris LLP, having been sold by Istithmar World, the investment arm of Dubai World in 2022.[2]
 | |
| Type | Subsidiary |
|---|---|
| Industry | Industrial & Business Services |
| Founded | 1847 |
| Headquarters | London, England |
Key people | Philippe Maezelle, CEO |
| Parent | Epiris LLP |
| Website | www.iss-shipping.com |
History
In 1847, William Mackinnon and Robert Mackenzie formed the Mackinnon Mackenzie Company (MMC), a general merchanting partnership based in Calcutta.[3]
In 1999 Inchcape Shipping Services was spun out and sold to private equity firm Electra Fleming.[4]
The firm, by then known as Electra Partners, sold ISS to Istithmar World, the investment arm of the government of Dubai, for $285m in 2006.[5][6]
In February 2010, the Financial Times reported that Istithmar was looking for buyers of ISS for between $600–700m.[6]
On 4 April 2022 it was announced that the ISS would be sold back to Epiris LLP, the latest incarnation of Electra Partners, for an undisclosed sum.[7][2]
Operations
ISS has operations in 60 countries across the Americas, Asia Pacific, Europe, Middle East, South Asia and Africa.[1]
References
- "Ports & Offices". Inchcape Shipping Services. Retrieved 8 May 2022.
- "Epiris announces the acquisition of Inchcape Shipping Services". Epiris. Retrieved 8 May 2022.
- "History of Inchcape PLC". FundingUniverse. Retrieved 28 March 2015.
- "Electra Fleming buys Inchcape Shipping Services". Buyouts. 1 March 1999. Retrieved 4 August 2023.
- "Electra announces the sale of Inchcape Shipping Services". Electra Investment Trust PLC. Retrieved 8 May 2022.
- "Private equity interest in Istithmar ISS sale". Financial Times. Archived from the original on January 8, 2015. Retrieved February 23, 2010.
- "Epiris acquires Inchcape Shipping Services". Private Equity News. Retrieved 8 May 2022.