Swedish buyout major EQT sells Singapore corporate services firm In.Corp to TA Associates
Photo from EQT s website.
May 7, 2021
Swedish investment firm EQT Group, through its EQT Mid Market fund, has made an exit from the Singapore-based corporate services provider In.Corp Global to private equity firm TA Associates.
Financial details were not disclosed. A Bloomberg report in February last year had said EQT was looking to sell the company for “several hundred million dollars”.
In.Corp’s founder and CEO, Atin Bhutani, along with the existing management team will continue to lead the business and be shareholders alongside TA Associates, according to a statement. Edward Sippel, head of TA Associates Asia Pacific has joined In.Corp’s board of directors.