Orangefield acquires Apes in Singapore
The global trust and corporate management services provider acquires Apes in Singapore to capitalise on government tax incentives for private equity firms.
Orangefield Trust of the Netherlands has acquired Apes, a private equity fund services firm in Singapore, in a bid to avail of new tax incentives and opportunities in the city state. With opportunities to capitalise on the influx of public and foreign funds into the region, the company says it plans to strengthen its presence in Asia through both organic growth and acquisitions. ôThe government wants to make Singapore a financial hub in the region, by offering attractive incentives to…
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