EQT Partners-backed In.Corp Group acquires APB Consultants

In.Corp acquired APB Group (Pic: In.Corp)

Singapore-based professional corporate solutions provider In.Corp Group has acquired Asia Pacific Business Consultants (APB Consultants), a Singapore and China headquartered tax and business consultancy that specialises in regional and cross-border transactions.

The financial terms of the deal have not been disclosed.

In.Corp, a firm backed by Swedish private equity firm EQT Partners is looking to build its presence in China riding on this “strategic acquisition,” it said in an announcement on Wednesday.

“This transaction will be complementary to APB Consultants as In.Corp Group is the market leader in corporate services and has strong partnerships with government agencies,” said Kenny Lim, APB Consultants’ Founder and Managing Director.

APB Consultants’ key management comes with years of tax and finance advisory experience, in the areas of regional and cross border transactions encompassing investments, mergers and acquisitions, corporate restructuring, business and strategy planning, tax optimization, value protection and international financing. In.Corp Group is Singapore’s leading corporate services company.

In.Corp Group’s Tax Advisory Practice will be led by APB founder Lim and co-founder Allan Jiang driving operations in China as Country Head, the company noted.

In.Corp is a company co-founded by CEO Atin Bhutani and COO Satish Bakhda. Last year, in April, EQT Partners had invested in InCorp through its EQT Mid Market Fund with the terms of the deal like the amount and the acquired stake staying undisclosed.

In a statement issued at that time, EQT Partners had said that post the investment, “strategy is to support continued growth and development of the company, further consolidate the Singapore market, and expand regionally to create an attractive platform.”

Also Read:

Swedish PE firm EQT sells entire 49% stake in Singapore’s Econ Healthcare

SG: EQT invests in In.Corp, sees consolidation of corporate service providers

China: JD Capital buys Modern Metal, EQT Partners exits

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.