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InCorp Accelerates Growth with Acquisition by Hillhouse

InCorp Accelerates Growth with Acquisition by Hillhouse

Singapore, 8 Feb 2024InCorp Global (“InCorp”), a leading provider of corporate solutions and business advisory in the Asia Pacific (APAC) region, today announced its acquisition by Hillhouse Investment (“Hillhouse”), 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.

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.

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

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.

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.

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. The company services a broad spectrum of clientele, encompassing startups, SMEs, large corporates, and multinational companies conducting business in the dynamic Asia Pacific region. Currently, the company caters to 15,000 companies across diverse industries and global origins, reflecting its commitment to facilitating businesses in realizing their Vision to Reality.

About Hillhouse

Hillhouse is a long-term investor focused on partnering with quality business leaders to help them grow their organizations globally. For almost 20 years, Hillhouse has worked alongside traditional businesses that have redefined their industries. Our goal is to establish alignment and build sustainable, forward-thinking companies that create lasting value for all stakeholders. Hillhouse is a full life-cycle private equity firm, investing for the long term across opportunities in the business services, healthcare, consumer, and industrials sectors. Operating an integrated platform spanning private equity, credit, real assets and public equity, the firm manages capital on behalf of global institutions such as non-profit foundations, endowments, sovereign wealth funds, and pensions.

About TA Associates

TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries—technology, healthcare, financial services, consumer and business services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has over 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. More information about TA can be found at www.ta.com.


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