Timah Partners has secured a USD 60 million debt facility to acquire small and medium-sized businesses. The delayed-draw facility is intended for projects in Singapore and is backed by UOB, RHB and Genesis.
Timah Partners has secured a total of USD 60 million through an umbrella debt facility to support acquisitions of small and medium-sized businesses. This is expected to provide a flexible funding structure for multiple transactions.
The facility is being provided on a delayed-draw basis and is reportedly intended primarily for transactions in Singapore. Participating financial institutions include UOB, RHB and Genesis.