{"id":851042,"date":"2026-02-16T08:28:50","date_gmt":"2026-02-16T06:28:50","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=851042"},"modified":"2026-02-16T08:28:55","modified_gmt":"2026-02-16T06:28:55","slug":"38-year-old-company-in-south-africa-sold-to-an-investment-giant","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/851042\/38-year-old-company-in-south-africa-sold-to-an-investment-giant\/","title":{"rendered":"38-year-old company in South Africa sold to an investment giant"},"content":{"rendered":"\n

Medhold has entered a new phase of growth following Sanlam Private Equity’s acquisition of a majority stake. <\/p>\n\n\n\n

Medhold was founded in 1988 and has delivered medical devices, technology, and software across Southern Africa. <\/p>\n\n\n\n

Its medical devices and hospital equipment include orthopaedic, diagnostic, theatre, intensive care, and robotic-assisted surgical systems. <\/p>\n\n\n\n

The company provides end-to-end services, including product supply, installation, clinical training and after-sales support. <\/p>\n\n\n\n

The company’s markets include South Africa, Namibia, Zambia, Zimbabwe and Botswana.\u00a0<\/p>\n\n\n\n

With Sanlam Private Equity’s new ownership, Medhold plans to expand its product portfolio, reach additional healthcare providers, and continue its focus on employee development and socially responsible initiatives. <\/p>\n\n\n\n

This includes training programs, learnerships, and donations to public healthcare facilities.<\/p>\n\n\n\n

\u201cAs private equity investors, we know that we are uniquely placed to drive real economic change,” said Paul Moeketsi, Managing Partner at Sanlam Private Equity. <\/p>\n\n\n\n

“The philosophy is simple: back resilient businesses that create sustainable value, while also strengthening the country\u2019s social and economic fabric. Medhold is one such business.\u201d<\/p>\n\n\n\n

The new era follows a partnership between Old Mutual Private Equity (OMPE), which acquired a 50% stake in the company in 2018, and is now selling it to Sanlam Private Equity.<\/p>\n\n\n\n

OMPE supported Medhold’s expansion, operational strengthening and positioning as a key distributor in the Southern African healthcare market.<\/p>\n\n\n\n

\u201cTransactions such as this can help formalise, professionalise and scale mid-market companies, like Medhold, which are the backbone of the South African economy,” said Sanlam Private Equity Investment Principal Brandon Subrayan. <\/p>\n\n\n\n

“This creates better-run businesses with strong governance structures, stronger supply chains, and more inclusive employment. It also fosters innovation in sectors like healthcare, technology and education.”<\/p>\n\n\n\n

“We are looking forward to being a part of the transformation in healthcare and the innovation that will make a difference in South Africa, and beyond.\u201d<\/p>\n\n\n\n

OMPE selling businesses<\/h2>\n\n\n
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The sale of its stake in Medhold follows another major sale by OMPE, which sold its 10X Investments stake to its affiliate, Old Mutual Wealth. <\/p>\n\n\n\n

The Competition Tribunal has unconditionally approved the merger, where Old Mutual Wealth buys 10X Investments from Old Mutual Private Equity (OMPE) and DiGame Investments.<\/p>\n\n\n\n

10X is a South African asset manager that provides investment and savings management services, including retirement services and tax-free savings products.<\/p>\n\n\n\n

Old Mutual Wealth is acquiring a majority stake in OMPE and DiGame Investments for R2.2 billion, with 10X’s management holding a significant stake in the business.<\/p>\n\n\n\n

\u201cOur thesis was to move the needle on retirement outcomes by lowering fees, simplifying choices and using technology at scale,\u201d said Jacci Myburgh, Co-Head at Old Mutual Private Equity, when the deal was announced.<\/p>\n\n\n\n

The company scaled quickly in the ten years after it was acquired by OMPE and DiGame in 2014, with assets under management rising to over R65 billion. <\/p>\n\n\n\n

10X now services over 60,000 clients and has a market-leading position in net flows into passive products, ETFs, and innovative beta products. <\/p>\n\n\n\n

10X also moved into the direct-to-consumer market following its acquisition of CoreShares in December 2022. <\/p>\n\n\n\n

As per the deal, 10X will operate and retain its independent structure and brand going forward, while working closely with Old Mutual Wealth to create immediate value.
<\/p>\n","protected":false},"excerpt":{"rendered":"

Old Mutual Private Equity has sold its stake in Medhold to its rival Sanlam Private Equity, which will help the medical devices company in its next phase of growth. <\/p>\n","protected":false},"author":95,"featured_media":851049,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[23782,1110,2880],"class_list":["post-851042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-medhold","tag-old-mutual","tag-sanlam"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/851042","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=851042"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/851042\/revisions"}],"predecessor-version":[{"id":851053,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/851042\/revisions\/851053"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/851049"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=851042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=851042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=851042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}