A S$60 million ($47 million) financing facility has been obtained by Timah Partners, a Singapore-based holding firm that purchases small and medium-sized businesses from retiring owners, to finance acquisitions in Singapore.
The lenders are UOB, RHB Bank, and Genesis Alternative Ventures, with Kroll Agency and Trustee Services serving as facility and security agents, according to a statement released by Timah Partners on Wednesday.
Instead than setting up financing deal by deal, the facility is designed as an umbrella, delayed-drawdown arrangement, a pre-negotiated framework that enables Timah to fund and execute many SME acquisitions over time. By concentrating on asset-light companies that may be more difficult to finance through conventional financing, the structure can encourage cash-generating. Timah Partners emphasized that it is among the first of these facilities in Southeast Asia.
Timah Partners raised $50 million in equity in June 2025, which was followed by the financing facility. According to the business, Singapore has a lack of SME succession plans and many founders are getting close to retirement, while private equity in Southeast Asia has become more selective and exits have been restricted. About 70% of Singapore’s workforce is employed by small and medium-sized businesses.
Timah Partners’ founder and CEO, Dennis Chua, stated that the facility can speed up the company’s deal-making process. According to Eric Lian, UOB’s head of group commercial banking, the collaboration will aid in the revitalization and sustained expansion of regional businesses.
Instead of reselling, Timah buys and runs recurrent business-to-business firms that have succession issues. It targets enterprises with an annual revenue of between S$10 million and S$50 million and runs a program to train mid-career individuals to lead the companies it purchases.
