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Inchcape Shipping Services
British multinational ports and marine management company From Wikipedia, the free encyclopedia
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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]
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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]
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Operations
ISS has operations in 60 countries across the Americas, Asia Pacific, Europe, Middle East, South Asia and Africa.[1]
References
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