{"id":839162,"date":"2025-10-06T16:22:12","date_gmt":"2025-10-06T14:22:12","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=839162"},"modified":"2025-10-06T16:22:17","modified_gmt":"2025-10-06T14:22:17","slug":"two-of-south-africas-largest-companies-strike-deal-for-massive-sale","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/839162\/two-of-south-africas-largest-companies-strike-deal-for-massive-sale\/","title":{"rendered":"Two of South Africa’s largest companies strike deal for massive sale"},"content":{"rendered":"\n

Old Mutual is selling medical devices supplier Medhold to its larger rival, Sanlam, via their respective private equity businesses.\u00a0<\/p>\n\n\n\n

The Sanlam and Old Mutual groups are the two largest insurers in South Africa, and both operate other financial service offerings, including private equity. <\/p>\n\n\n\n

Old Mutual Private Equity (OMPE) forms part of Old Mutual\u2019s Alternative Investments and has 25 years of experience in South Africa. <\/p>\n\n\n\n

It has invested in many well-known South African businesses, such as Primedia, 10X Investments, Tourvest, Consol and Holdsport<\/a>.\u00a0<\/p>\n\n\n\n

Medhold\u2019s product range includes anaesthetic delivery systems, orthopaedics, robotic-assisted surgery, minimally invasive surgery, ventilation, infection control and more. <\/p>\n\n\n\n

Since OMPE took over in 2018, the company\u2019s earnings rose 2.6 times, with the company\u2019s product portfolio also expanding significantly. <\/p>\n\n\n\n

OMPE noted that the continent\u2019s healthcare sector is poised for strong growth driven by demographic trends, rising urbanisation and further demand for quality healthcare services. <\/p>\n\n\n\n

This will highlight the importance of investment in healthcare infrastructure, medical technology and skilled expertise.<\/p>\n\n\n\n

“Medhold has been an exemplary investment,\u201d said Chumani Kula, Co-Head of Old Mutual Private Equity.<\/p>\n\n\n\n

\u201cIt showcased our ability to identify leading businesses that can act as cornerstone assets to buy and build upon, to effect growth within essential industries in South Africa.\u201d <\/p>\n\n\n\n

\u201cWe enjoyed a strong partnership with a very high-quality management team, and we are pleased to leave the company in a formidable position, primed for continued growth.\u201d <\/p>\n\n\n\n

Since 2018, Medhold has seen growth in its workforce, improved gender equality and transformation, and invested in the  YES4YOUTH programme to address youth unemployment. <\/p>\n\n\n\n

Old Mutual\u2019s largest competitor, Sanlam, will now take over Medhold via its private equity business. <\/p>\n\n\n\n

\u201cMedhold\u2019s legacy of innovation aligns with our strategy to back market-leading businesses with strong growth potential,\u201d said Paul Moeketsi, Managing Partner at Sanlam Private Equity.<\/p>\n\n\n\n

\u201cWith the urgent need for healthcare investment in the country, we are excited to partner with Medhold\u2019s exceptional team to expand access to world-class medical technology across critical sectors of the economy.\u201d <\/p>\n\n\n\n

Sanlam Private Equity is set to drive the next growth phase, helping to scale healthcare technology further.<\/p>\n\n\n\n

The transaction is subject to customary regulatory approvals, with completion expected in Q4 2025. <\/p>\n\n\n

\n
\"\"<\/a>
Sanlam’s office in Sandton, Johannesburg<\/figcaption><\/figure><\/div>\n\n\n
\n","protected":false},"excerpt":{"rendered":"

Old Mutual Private Equity is selling a medical devices business to Sanlam Private Equity. <\/p>\n","protected":false},"author":95,"featured_media":721254,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[1110,2880],"class_list":["post-839162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-old-mutual","tag-sanlam"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/839162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=839162"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/839162\/revisions"}],"predecessor-version":[{"id":839176,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/839162\/revisions\/839176"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/721254"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=839162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=839162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=839162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}