ISS Profile

Company: 
ISS
Author: 
Jane Lethbridge
Date published: 
2010

Owner: PurusCo A/S, a consortium of EQT (a Swedish private equity company) and Goldmann Sachs Capital Partners

 

ISS A/S
Bredgade 30
DK-1260 Copenhagen K
Denmark

Tel:  +45 38 17 00 00
Fax: +45 38 17 00 11

www.issworld.com

 

EWC: YES

 

Total employees:  485,800 (2009)

 

1.1.1      Company activities and strategy

 

International Service Systems ISS, a Danish company, runs a global facilities management business.   It has developed an increasingly integrated set of services, with a growing consolidation of suppliers, in the five years.  ISS is one of the 10 largest employers in Europe.  Cleaning services represent    % of sales in 2009.  Some are delivered in the hospital sector.  ISS has also been involved in several Public Finance Initiatives in the UK.

 

In April 2005, PurusCo A/S, a consortium of EQT (a Swedish private equity company) and Goldmann Sachs Capital Partners bought ISS.  The company was then de-listed from the Copenhagen Stock Exchange, in June 2005. It is now a private company. [i]

 

ISS sold its health care operations in 2005.  The company also sold its 49% interest in CarePartner, a care services company, to a joint venture to Aleris Holding AB, which was owned by ISS, EQT III Ltd and Aleris’s management.  ISS then sold its interest in this joint venture to EQT III.[ii]

 

In 2007, ISS entered the US market with the acquisition of Sanitors, Inc.  In 2009, the company employed over 400,000 workers.  ISS has been given a credit rating of BB2 by Standard and Poor and BB- by Moody’s, both of which indicate a high level of indebtedness. 

 

ISS is developing home care services as part of its health care division.  In the UK, ISS Mediclean operates home care services, organised on a local basis, providing home care services to older people and people with disabilities.


[ii] ISS Annual Report 2006 p.111