EQT Private Equity Exits In.Corp Global to TA Associates

EQT is pleased to announce that the EQT Mid Market fund has completed the sale of its stake in In.Corp Global to TA Associates.

Headquartered in Singapore, In.Corp provides end-to-end corporate services such as corporate secretarial, share registry, outsourced accounting and tax services in Singapore, Malaysia, Indonesia, Philippines, Vietnam, Hong Kong and India.

During EQT Private Equity’s ownership, In.Corp expanded its geographical presence from one to seven countries, grew its client base substantially to include more large and multinational corporations. Moreover, the Company enhanced its service offering and organisational capabilities to provide end-to-end corporate services support to its clients with its employee base increasing by more than five times.

In.Corp also developed an industry leading technology platform which enables workflow automation, resulting in higher employee productivity and market leading profitability. Today, In.Corp is a leading pan Southeast Asia & Indiacorporate services provider with over 500 employees, servicing more than 12,000 clients across international SMEs and multinational corporations.

Brian Chang, Partner and Investment Advisor, Head of Southeast Asia at EQT Partners, said “We are pleased to have found a good partner for In.Corp for what we believe will be an exciting next phase of its journey. In.Corp has transformed significantly into a regional leader in the Asian corporate services industry in the last five years and we are proud of the accomplishments achieved alongside a very entrepreneurial and professional management team and board. We thank Atin, the management team, all employees and the board for their vision and dedication, and we are confident that In.Corp will continue to be successful under its new ownership.”

Atin Bhutani, CEO of In.Corp, said “We want to thank EQT and the entire team for the trust, dedication and guidance over the last five years. EQT has been a great partner and instrumental in In.Corp’s journey so far and also in finding the right partner for us for the next phase of growth and transformation. I will personally also cherish the friendships that we have built over these years.”

Source: Cision PR Newswire