Istithmar, the investment arm of the troubled Dubai World conglomerate, has put Inchcape Shipping Services, the UK-based port and shipping agent, up for sale for $600m-$700m, in a deal that has drawn interest from buy-out groups including Advent International, Cinven, Charterhouse, Montagu, TPG and KKR. Istithmar bought ISS for $285m at the start of its buying spree from 2006 and is now selling assets to help Dubai World restructure its $22bn of debt.

This entry was posted by Gwen Robinson on Wednesday, February 3rd, 2010 at 5:43 and is featured in The 6am Cut London (3 Feb 2010) . Tagged with advent, charterhouse, cinven, dubai world, Inchcape, istithmar, kkr, Montagu, tpg. Edit this entry.