Asian business succession crisis demands new approach to small buyouts

Singapore is an ageing, SME-dominated economy where 21% of the population is already over 65. Timah Partners Founder and CEO Dennis Chua told Mergermarket that private equity’s usual majority-stake model ignores the real problem, that the seller is old, and set out how Timah’s evergreen structure and CEO Succession Programme address it. “You almost have to have the CEO there, even to get the seller to agree,” he said.