There are few names as reviled as ISIS in the Western world today. The group, also known as the Islamic State or ISIL, has extended a path of terror through the Middle East. In response, organizations that share the name “Isis” (also the name of the Egyptian goddess of love) are now distancing themselves from the name, in some cases changing it altogether.
ISIS Equity Partners, a UK private equity firm, is changing its name, with managing director Wol Kolade issuing the following statement:
Given ongoing events in Syria and Iraq, it will come as no surprise to you to learn that we have decided to change our name. We are no longer prepared to share it with a terrorist organisation.
We will hopefully be in a position to unveil our new brand in the coming weeks, however it is very much business as usual as far as we are concerned. Even though the name above the door will change, we remain focused and committed to invest in and support high growth UK companies run by entrepreneurial management teams.