BrazilIn.Corp expands Hong Kong presence with corporate advisory acquisition
Singapore-based corporate service provider In.Corp has acquired the business advisory practice of professional services firm RHT – continuing its run of acquisitions.
Having declared its intention to take on the Big Four at the beginning of the year, Singapore-based corporate services provider In.Corp Global continues to follow through on its bold ambitions by completing yet another acquisition; the corporate advisory business of Singapore and Hong Kong-based RHT Holdings, granting In.Corp a greater foothold in Hong Kong while expanding the firm’s offerings.
“With the acquisition of RHT’s corporate advisory business, In.Corp has taken a major step towards strengthening our ambition for regional expansion, especially entering into the Hong Kong market, said In.Corp COO Terence Ng, with David Lee, the firm’s Chief Commercial Officer, adding; “with help from RHT’s corporate advisory team, we will now be offering many new services to clients.”
According to the firm, these new lines will include share registration and corporate secretarial services to listed companies. Ng continued; “They have a very high-skilled and experienced team who have been providing timely, meticulous and responsive corporate secretarial and business services to companies from a wide range of industries since 2011. We are very glad to welcome them among our fold.”
Backed by Swedish private equity firm EQT (which has around 40 billion in assets under management), In.Corp has embarked on an acquisition spree since its 2015 founding, significantly expanding its regional presence with purchases including Indonesian consultancy Cekindo Bisnis Grup, Kittelson & Carpo Consulting of the Philippines, and Johor-headquartered JMA Consultants.
The acquisitions have seen the services and consulting firm extend its presence to nine countries across Asia, with a service portfolio broadly including incorporation, expansion, compliance, risk assurance, corporate recoveries, accounting, taxation and business advisory – with In.Corp CEO Atin Bhutani telling business news site dealstreetasia that the latter five areas now account for over half of the firm's revenues.
According to In.Corp, RHT’s corporate advisory business has a network of offices across Asia providing assistance from ideation to commercialisation and establishing new subsidiaries in different regional markets, with the practice “generally acknowledged as best positioned to help clients on a wide range of company secretarial, share registry, compliance advisory and corporate governance services.”
RHT Holdings CEO Jayaprakash Jagateesan said of the sale (which was made for an undisclosed sum); “We are confident that the advisory business will continue to grow under In.Corp. For RHT Holdings, the deal enables us to further streamline our operations in preparation for our next phase of growth as we continue to double down on innovation and technology and build on our Fintech and financial services.”
