Sanlam Private Equity takes majority stake in Medhold

Sanlam Private Equity has completed the acquisition of a majority stake in Medhold Group, one of Southern Africa’s largest distributors of medical devices and hospital equipment, marking the first investment by its Mid-Market Fund II.

In a statement on Thursday, Sanlam Private Equity noted that the transaction positions Medhold to expand access to medical technologies and strengthen hospital infrastructure across the region.

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Medhold, founded in 1988, distributes medical devices and equipment across orthopaedics, theatre and intensive care, maternal and infant care, and clinical imaging.

Its services include product supply, installation, clinical training and after-sales support. The group is a regional distribution partner for international brands such as Intuitive Surgical and GE Healthcare Technologies.

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Brandon Subrayan, principal at Sanlam Private Equity and co-lead on the transaction, says the investment aligns with Sanlam Investments’ approach to private equity, combining financial returns with broader economic and social outcomes.

He adds that Medhold also plays a role in specialised employment and skills development, particularly for clinical engineers, technicians and product specialists.

The investment is expected to support Medhold’s operational and financial capacity, enabling it to scale its distribution of advanced medical technologies.

These include equipment used in robotic surgery, diagnostics, anaesthesia and patient monitoring.

Sanlam Private Equity says the transaction also supports its focus on backing mid-market businesses with resilient operating models.

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According to the firm, Medhold will continue to invest in employee development initiatives, learnerships through the YES4YOUTH programme, and the donation of medical equipment to public healthcare facilities.

Paul Moeketsi, managing partner at Sanlam Private Equity, says private equity can help formalise and scale mid-sized businesses while strengthening governance and employment practices.

The focus will be on expanding product offerings, strengthening service capabilities and extending Medhold’s reach across Southern Africa.

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