Ownership
In 1996, the Steam Packet Company became a wholly owned subsidiary of Sea Containers Ltd headed by James Sherwood, who had pioneered the fast-craft operation. In July 2003, the company was sold to Montagu Private Equity for £142 million (previously named HSBC Private Equity Ltd).
In 2005, the company was purchased by major Australian investment bank, Macquarie Bank for £225 million. In April 2011, it was announced that the Steam Packet Company had new owners Banco Espírito Santo.
Read more about this topic: Isle Of Man Steam Packet Company
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