Timah Partners, a Singapore-based holding company that buys small and medium-sized enterprises from retiring owners, has secured a S$60 million ($47 million) debt facility to fund acquisitions in Singapore.

In a statement on Wednesday, Timah Partners said the lenders are UOB, RHB Bank, and Genesis Alternative Ventures, with Kroll Agency and Trustee Services acting as facility and security agent.

The facility is structured as an umbrella, delayed-drawdown arrangement, a pre-negotiated framework that lets Timah finance and complete several SME acquisitions over time, rather than arranging financing deal by deal. The structure can push cash-generating, focusing on asset-light businesses that can be harder to finance through traditional lending. It is one of the first such facilities in Southeast Asia, Timah Partners highlighted.

The debt facility follows a $50 million equity round that Timah Partners raised in June 2025. The arrangement comes as private equity in Southeast Asia has become more selective and exits have been limited, while Singapore faces a shortage of SME succession plans, with many founders nearing retirement, the company said. Small and medium-sized enterprises employ about 70 percent of Singapore’s workforce.

Dennis Chua, founder and chief executive of Timah Partners, said the facility can help the company move quickly on deals. Eric Lian, head of group commercial banking at UOB, said the partnership would support the renewal and continued growth of local enterprises.

Timah acquires and operates recurring business-to-business companies facing succession challenges and holds them long-term rather than reselling. It runs a program to train mid-career professionals to lead the companies it buys, and targets businesses with annual revenue of about S$10 million to S$50 million.

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