Timah Partners secures $60m debt facility for SME acquisitions
UOB, RHB, and Genesis back the delayed-drawdown facility for Singapore deals.
Holding company Timah Partners has secured a $60m umbrella debt facility to fund multiple acquisitions of small and medium-sized enterprises (SMEs) in Singapore.
The group said the facility is backed by UOB, RHB Bank, and Genesis Alternative Ventures, with Kroll Agency and Trustee Services acting as facility and security agent.
The facility is structured as a delayed-drawdown arrangement, providing a pre-negotiated framework that allows Timah to finance and execute multiple SME acquisitions over time.
“This umbrella facility lets us run a consistent, high-certainty, and smooth acquisition process with excellent partners, and move swiftly when it matters,” Dennis Chua, founder and CEO of Timah Partners, said.
The company focuses on acquiring businesses where founders are seeking succession options, particularly resilient, cash-generating SMEs, including asset-light companies.