Intercity was established in 1992 as one of Türkiye’s long-established companies in the operational vehicle leasing sector in its modern form. Having played a pioneering role in the establishment and development of the sector, the Company has introduced numerous innovations throughout its history.

In 1996, Intercity became the first company in Türkiye’s fleet leasing sector to introduce the use of winter tyres.

In 2004, Advent International, one of the world’s leading private equity investment firms, together with the International Finance Corporation (IFC), a member of the World Bank Group, the German development finance institution DEG and the Dutch development bank FMO, acquired an interest in Intercity through special-purpose vehicles (SPVs) established abroad. From that date onwards, Intercity became one of the first companies in its sector to prepare and present financial reports, budgets and balance sheets in accordance with International Accounting and Financial Reporting Standards (IAS/IFRS).

In 2007, the Company completed a credit-linked note (CLN) issuance amounting to EUR 110 million.

In 2008, Advent International, IFC, DEG and FMO transferred all of their indirect shareholdings in the Company to MC and MUL, two of Japan’s and the world’s leading corporations. As a result of this transaction, Intercity entered into a partnership with Mitsubishi Group. The transaction represented one of the largest Japanese foreign direct investments made in Türkiye at the time.

In 2015, the Company completed a bond issuance totalling TRY 91 million, a substantial portion of which was acquired by international institutional investors.

In 2018, following the repurchase of the shares held by its international partners, Intercity once again became a wholly Turkish-owned company. In the same year, the Company completed a capital increase to further strengthen its financial position, accelerate its growth and maintain sustainable profitability.

In 2021, the Company entered the superyacht segment. During the same year, Intercity added the 85-metre Victorious—the largest yacht ever built in Türkiye—to its portfolio. In 2022, Victorious commenced charter operations in international waters.

In 2023, Intercity initiated preparations for an initial public offering as part of its growth strategy and efforts to further strengthen its corporate structure. Following the approval granted by the Capital Markets Board of Türkiye on 24 June 2026, the Company became publicly held. As of 9 July 2026, Intercity’s shares began trading on the Borsa İstanbul Star Market with a free-float ratio of 19.47%.

Today, Intercity provides uninterrupted, 24/7 services to its corporate customers across Türkiye through its branches in Ankara, İzmir, Bursa, Samsun, Adana and Antalya.