InCorp Global, a leading provider of corporate solutions and business advisory in the Asia Pacific (APAC) region announced its acquisition by Hillhouse Investment, a global alternative investment firm. This strategic move will enable InCorp to further accelerate growth, expand service capabilities and capitalise on new acquisition opportunities in both APAC and Europe.
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Hillhouse’s acquisition underscores investor confidence in InCorp’s growth and potential, following a two-year period in which InCorp emerged as an industry force, achieved significant milestones, and demonstrated a commitment to excellence under the ownership TA Associates (“TA”), a leading global private equity firm.
We are thrilled to join forces with Hillhouse as we embark on the next phase of our journey. Their vast resources, global network, and commitment to fostering growth align perfectly with our aspirations. This strategic investment positions us to further enhance our market presence and deliver even greater value to our clients. We sincerely thank TA, whose guidance and input have been instrumental to our business over the past two years, helping us expand with important acquisitions in Singapore, India, and Australia. – Edmund Lee, InCorp Group CEO.
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Sean Carney from Hillhouse added: We are excited to support InCorp as the business embarks on its next phase of growth and development. At Hillhouse, we commit to backing quality management teams and leveraging their industry expertise to create value. In this regard, we believe that InCorp presents a tremendous opportunity for growth, and we look forward to building a strong partnership over the months and years ahead.
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Andrew Tay, a Director at TA, shared: It has been a privilege to support InCorp’s successful growth journey over the last three years. Working in partnership with Edmund and the management team, we were proud to complete several strategic acquisitions and deliver both increased revenues and profitability during our investment period. We remain confident in the future opportunity of the business and wish the team continued success in their next stage of growth.
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About InCorp
InCorp is a leading provider of a wide range of corporate solutions and professional services in Asia Pacific, headquartered in Singapore. The company has operating presence and capabilities in 8 countries, supported by a workforce of over 1,200 professionals in Singapore, Indonesia, Malaysia, Vietnam, Philippines, Australia, India, and Hong Kong.
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About Hillhouse
Founded by Lei Zhang in 2005 with initial funding from Yale University, Hillhouse is one of the world’s largest private alternatives managers, managing capital on behalf of leading institutional clients in the Americas, Asia, Europe, and the Middle East. With more than 500 portfolio companies located in more than 30 countries, Hillhouse invests globally, partnering with businesses and their leaders to help build resilient and successful franchises for the long term.
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