| Inchcape Shipping Services | |
| Type: | Subsidiary |
| Foundation: | 1847 |
| Location: | London, England |
| Key People: | Philippe Maezelle, CEO |
| Industry: | Industrial & Business Services |
| Parent: | Epiris LLP |
| Homepage: | 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.
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]
ISS has operations in 60 countries across the Americas, Asia Pacific, Europe, Middle East, South Asia and Africa.