Singapore, 19 August 2026 — Timah Partners (“Timah”), a Singapore-based evergreen holding company focused on addressing SME succession in Southeast Asia, today announced that it has secured a S$60 million umbrella debt facility to support its acquisition strategy in Singapore. Facility partners include UOB, RHB Bank, and Genesis Alternative Ventures; Kroll Agency and Trustee Services will act as the facility and security agent.
A facility built for repeat acquisitions
Structured as an umbrella delayed-drawdown arrangement, the facility provides a pre-negotiated agreement and framework to finance and execute multiple SME acquisitions over time. For SME owners, this translates into a clearer process, faster timeline, and comfort in knowing who the financing partners are.
“Succession is a big life decision for a founder. It’s not just about price,” said Dennis Chua, Founder and CEO of Timah Partners. “What founders prefer is clarity, a straightforward and simple process, partners they can trust and are proud to be associated with, and confidence that their business and people will be taken care of.”
“This umbrella facility lets us run a consistent, high-certainty, and smooth acquisition process with excellent partners, and move swiftly when it matters. It’s also built for the kind of businesses we focus on: resilient cash-flowing SMEs that are often asset-light. Being able to finance these types of businesses reliably gives Timah a real advantage in delivering on our mission for SME succession in Singapore.”
A widening succession gap in Singapore
Timah’s announcement comes as traditional private equity in Southeast Asia has become more selective and realised exits have been limited. In parallel, Singapore faces a deepening SME succession crisis, with a generation of founders nearing retirement and many without a clear succession plan. Timah’s permanent stewardship model provides an alternative built around continuity and long-term ownership.
Support from the financing partners
Eric Lian, Head, Group Commercial Banking, UOB, said: “Our commitment towards SMEs as the backbone of regional economies remains steadfast over the long term. As the operating environment evolves, we are focused on enabling SMEs to digitalise faster, stay connected and expand across borders with confidence. Our partnership with Timah Partners will help catalyse greater resilience, supporting the renewal and sustained growth of strong local enterprises.”
Serena Hong, Head of Commercial Banking, RHB Bank, said: “RHB Bank believes strongly in empowering SME founders to build enduring businesses that can thrive across generations. Timah Partners’ approach provides a thoughtful and structured pathway for founders to navigate succession while preserving the legacy and continuity of their enterprises. We are pleased to support this innovative facility alongside like-minded financing partners, as it will help strengthen the next chapter of growth for high-quality local enterprises and reinforce the long-term resilience of Singapore’s SME ecosystem.”
A permanent home for essential B2B businesses
Timah acquires and operates high-quality, essential, and recurring B2B businesses facing succession challenges, and its CEO Succession Programme is built to develop high-potential mid-career talent into SME leaders. Timah aims to become the permanent home for these companies, stewarding their legacies for generations to come.
Timah sees this facility as the start of a broader effort to facilitate SME continuity in Singapore alongside partners that have long supported local businesses. Over time, Timah expects the relationship with its lending partners to extend beyond acquisitions and into wider financing and banking support across its portfolio, including founder wealth-planning needs, as these businesses continue to professionalise and grow.
