EQT considers sale of Singaporean services firm

Private-equity firm EQT AB is considering a sale of In.Corp Group amid investor interest for the corporate services provider, according to sources familiar with the matter.

Photo: EQT/PR

EQT is working with a financial adviser on the potential sale of Singapore-based In.Corp, which could fetch several hundred million dollars, sources say. The asset could draw interest from some investment funds and companies, they report, asking not to be identified because the deliberations are private.

In.Corp provides companies services from entity incorporation, outsource accounting to tax filing and winding up, serving the so-called “entire life cycle” of a business, according to its website. The firm has offices in Singapore, India, Indonesia, the Philippines, Hong Kong, Malaysia and Vietnam. It has more than 7,000 customers and has expanded over the years by combining different operators including Rikvin in Singapore. EQT invested in In.Corp in 2016 without disclosing financial details.

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