Inchcape Shipping Services (ISS) is a British
multinational ports and marine management company headquartered in
London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...
.
ISS became owned by London-based private equity firm Epiris LLP, having been sold by
Istithmar World
Istithmar World (; for "investment" ( English) is an investment firm based in Dubai, United Arab Emirates (UAE). This company is a state-run business owned by Dubai World, a Dubai government-owned company, and was established in 2003. Original ...
, the investment arm of
Dubai World
Dubai World () is an investment company that manages and supervises a portfolio of businesses and projects for the Government of Dubai across a wide range of industry segments and projects that promote Dubai as a hub for commerce and trading. A ...
in 2022.
History
In 1847,
William Mackinnon and
Robert Mackenzie formed the
Mackinnon Mackenzie Company (MMC), a general merchanting partnership based in
Calcutta
Kolkata, also known as Calcutta (List of renamed places in India#West Bengal, its official name until 2001), is the capital and largest city of the Indian States and union territories of India, state of West Bengal. It lies on the eastern ba ...
.
In 1999 Inchcape Shipping Services was
spun out
''Spun Out'' is a Canadian television sitcom created by Jeff Biederman, Brent Piaskoski and Brian K. Roberts for CTV. It premiered on March 6, 2014 and ended on October 3, 2015, with a total of 26 episodes over the course of two seasons.
Premise ...
and sold to private equity firm Electra Fleming.
The firm, by then known as Electra Partners, sold ISS to
Istithmar World
Istithmar World (; for "investment" ( English) is an investment firm based in Dubai, United Arab Emirates (UAE). This company is a state-run business owned by Dubai World, a Dubai government-owned company, and was established in 2003. Original ...
, the investment arm of the government of Dubai, for $285m in 2006.
In February 2010, the Financial Times reported that Istithmar was looking for buyers of ISS for between $600–700m.
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.
Operations
ISS has operations in 60 countries across the Americas, Asia Pacific, Europe, Middle East, South Asia and Africa.
References
DP World
British brands
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