TA Associates, a leading global growth private equity firm, announced that it has completed a majority investment in InCorp Global, a leading corporate services provider in Asia. Financial terms of the transaction were not disclosed.
InCorp’s Chief Executive Officer and Founder, Atin Bhutani, along with the existing management team will continue to lead the business and be shareholders alongside TA.
Headquartered in Singapore, InCorp is a leading provider of corporate services for businesses across Asia. The Company specializes in a full range of professional services for companies planning to establish a presence in Asia, including entity incorporation, corporate secretarial & compliance, share registry, accounting, taxation, human resources, risk assurance, corporate recovery and other business advisory services.
InCorp is present in seven markets across Asia, namely Singapore, Indonesia, India, Hong Kong, Malaysia, Philippines and Vietnam.
“We are excited to partner with Atin and his talented management team to support InCorp in its next stage of growth,” said Andrew Tay, a Principal at TA who has joined the InCorp Board of Directors. “We believe InCorp is well-positioned to meet the needs of companies and entrepreneurs looking to scale their businesses across the rapidly growing Asian market, and we look forward to continuing the expansion of InCorp’s network and service capabilities globally.”
“We are very pleased to welcome TA as an investor in InCorp,” said Atin Bhutani, Chief Executive Officer and Founder of InCorp. “This is an important milestone for InCorp as we continue to focus on delivering the highest quality service to our loyal customer base. In choosing to partner with TA, the InCorp team was particularly attracted by the firm’s global presence and long history of partnering with technology-enabled companies to drive growth. We believe that TA will be a valuable long-term partner and are confident that InCorp will benefit from the firm’s complementary array of resources.”
“We have been impressed by InCorp’s track record of growth over the last few years and their commitment to high quality, technology-enabled service delivery,” added Edward Sippel, head of TA Associates Asia Pacific Ltd. and a Managing Director at TA who has also joined the InCorp Board of Directors. “We look forward to working alongside InCorp to accelerate its vision as a leader in corporate services and to continue to complement organic growth of the business with strategic M&A. We are delighted and honored to be partnering with the InCorp management team on this exciting next phase of growth.”
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