PrimeGlobal bolsters its Asia footprint with new member InCorp
PrimeGlobal, an international association of independent accounting and advisory firms, has significantly bolstered its footprint in Asia Pacific with the addition of InCorp to its network.
The bolt-on of InCorp adds a team of around 500 professionals to PrimeGlobal’s base in Asia Pacific, adding another growth chapter to its already fast growth in the region. Last year, PrimeGlobal more than tripled its revenues in APAC – in large due to the affiliation with Zhongxinghua, one of China’s largest professional services firms.
Asia Pacific Executive Director George Guo, who oversees PrimeGlobal’s 50+ member firms in the region, said the association is delighted to welcome InCorp to its ranks. “Operating across Asia Pacific regionally and expanding, InCorp is a leading full business lifecycle service provider, backed by unparalleled industry insight.”
Founded in 2015 through the merger of four firms, InCorp specialises in corporate services. The firm serves more than 12,000 corporate clients across various industries, providing offerings including entity formation, compliance, share registry, accounting, tax advisory, immigration, business advisory, risk assurance, and corporate recovery.
The group also partners with government authorities in the region, such as Singapore’s Economic Development Board, a government agency that is tasked with bringing in foreign direct investments into Singapore (the institution for example also works closely with strategy behemoths Boston Consulting Group and McKinsey & Company).
InCorp is headquartered in Singapore and operates in seven countries within Asia, making it PrimeGlobal’s largest firm in the ASEAN region. The group is backed by TA Associates, a global growth private equity firm which acquired a majority stake in the firm in May this year from Sweden’s EQT, which has backed the company since 2016.
“I am very impressed by the vision and ambition of its leadership, which is well aligned with PrimeGlobal’s strategy,” said Guo.
Atin Bhutani, Chief Executive Officer and Founder of InCorp, commented, “We are very pleased to join PrimeGlobal, as we work towards scaling InCorp’s current regional capabilities and serving our clients around the globe.”
“As we embark on PrimeGlobal’s member journey, we are looking forward to forming new-found partnerships and collaborations with other member firms, who share our vision of enabling our valued clients to continuously grow beyond Asia,” added Eric Chin, Chief Business Development Officer at InCorp.
Globally, PrimeGlobal has more than 300 members firms in 90+ countries, making it the globe’s fourth largest accountancy-origin association.