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Precursor Accelerates Growth Through Acquisition by Hillhouse, Non-audit Business to Be Integrated Into InCorp Global

Accounting, Audit and Assurance Firm in Singapore › Home › Resources @ Precursor › Precursor Accelerates Growth Through Acquisition by Hillhouse, Non-audit Business to Be Integrated Into InCorp Global

We are pleased to announce the successful conclusion of the strategic acquisition of Precursor by Hillhouse Investment, a global private equity investment firm, marking a significant milestone in our growth journey. As part of this acquisition, Precursor's non-audit business will be integrated into InCorp Singapore, a subsidiary of InCorp Global (InCorp). We are delighted to share that KG Tan, our esteemed Managing Director, will be appointed as the CEO for InCorp Singapore, ensuring a seamless transition and continued excellence.

As one of the top three largest corporate services providers in Singapore, InCorp Singapore offers an extensive range of services. With a dedicated team of over 1,300 professionals across the APAC region, InCorp serves as a comprehensive single-service provider for accounting, tax, payroll, HR, and compliance solutions. This integration enables us to enhance our service offerings and provide comprehensive solutions tailored to your evolving needs. Meanwhile, Precursor's audit business will continue independently, maintaining the same level of excellence and commitment.

“This marks a pivotal moment for Precursor, underscoring our commitment to achieve greater success, drive value creation and deliver exceptional outcomes for our people, clients and stakeholders.

Hillhouse brings across an unparalleled set of expertise and resources on a global stage. By teaming up with Hillhouse, we anticipate boundless synergies that will elevate our services and foster innovation in a whole new paradigm. As a result of this strategic acquisition, our non-audit business will be integrated into InCorp Global, which was recently acquired by Hillhouse Investment,” said KG Tan, Senior Advisor of Precursor.


"I have known KG since 2020, and he is an exceptional leader in the corporate services industry. His decision to leave the Big 4 and establish Precursor over 18 years ago showcases his entrepreneurial spirit. It has been our privilege to witness his remarkable growth and see his venture become part of the InCorp Global family.
I have complete confidence in KG's abilities as a Singaporean entrepreneur with a deep understanding of the local market and its nuances. With his expertise, KG will guide his clients to fulfill all their needs in the sector." said Lennard Yong, Chairman of InCorp Global.


“We are thrilled to be supporting Precursor through the next phase of the firm’s growth story. The Precursor team has built an impressive track record in delivering for clients across the full suite of corporate, advisory and business services.

The team’s focus on forging long-term relationships has been a key driver of this success, and we are particularly excited about the strong cultural alignment between our organizations. We look forward to building a strong partnership over the months and years ahead,” said Hillhouse Partner Sean Carney.


About Hillhouse:

Hillhouse is a long-term investor focused on partnering with quality business leaders to help them grow their organizations globally. For almost 20 years, Hillhouse has worked alongside traditional businesses that have redefined their industries. Our goal is to establish alignment and build sustainable, forward-thinking companies that create lasting value for all stakeholders. Hillhouse is a full life-cycle private equity firm, investing for the long term across opportunities in the business services, healthcare, consumer, and industrial sectors. Operating an integrated platform spanning private equity, credit, real assets and public equity, the firm manages capital on behalf of global institutions such as non-profit foundations, endowments, sovereign wealth funds, and pensions.

About InCorp Global:

InCorp Global (InCorp) is a leading provider of comprehensive corporate solutions and professional services in the Asia Pacific region. Headquartered in Singapore, our strong regional presence spans 8 countries, including Singapore, Indonesia, Malaysia, Vietnam, Philippines, Australia, India, and Hong Kong. With over 1,300 dedicated professionals, InCorp specializes in delivering a wide range of services, including corporate secretarial, accounting and tax, payroll and HR, and compliance solutions. Our client base spans diverse industries and global origins, ranging from startups and SMEs to large multinational corporations. Currently serving over 15,000 companies, InCorp is committed to turning their Vision into Reality through our unwavering dedication to excellence and client success.


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