 | |
| Company type | Subsidiary |
|---|---|
| Industry | Industrial & Business Services |
| Founded | 1847 |
| Headquarters | London, England |
Key people | Philippe Maezelle, CEO |
| Parent | Epiris LLP |
| Website | www.iss-shipping.com |
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]
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]
ISS has operations in 60 countries across the Americas, Asia Pacific, Europe, Middle East, South Asia and Africa. [1]
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