Sanlam Private Equity has acquired a majority stake in Medhold Group, a leading distributor of medical devices and hospital equipment in Southern Africa, through its Mid-Market Fund II.
According to Moneyweb, the transaction, completed in early 2026 after regulatory approvals, follows an agreement announced in October 2025 where Old Mutual Private Equity exited its holding in Medhold, which it had held since 2018 via OMPE Fund IV.
Medhold, founded in 1988 and headquartered in Gauteng, supplies medical devices and technologies across categories including orthopaedics, theatre and intensive care, maternal and infant care, and clinical imaging. The group provides full services from product supply and installation to clinical training and after-sales support. It serves as the exclusive regional partner for international brands such as Intuitive Surgical (da Vinci robotic systems), GE Healthcare Technologies, Getinge, Conmed, Elekta, and Acumed, operating in South Africa, Namibia, Zambia, Zimbabwe, Botswana, Malawi, and other markets.
The investment aims to enhance Medhold’s ability to broaden access to advanced medical technologies, including those for robotic surgery, diagnostics, anaesthesia, and patient monitoring, while strengthening hospital infrastructure in the region. Sanlam Private Equity highlighted alignment with its strategy of supporting mid-market companies with resilient operating models, combining financial returns with economic and social impact.
Brandon Subrayan, principal at Sanlam Private Equity and co-lead on the deal, noted that Medhold contributes to specialised employment and skills development in areas such as clinical engineering, technical roles, and product specialisation. The funding is expected to bolster Medhold’s operational and financial resources for scaling distribution.
As reported by Statista, the medical technology market in Southern Africa is projected to reach US$3.73 billion in revenue in 2025, underscoring growth potential in a region facing healthcare infrastructure needs and rising demand for modern equipment.
Sanlam Private Equity emphasised ongoing commitments to employee development, including learnerships via the YES4YOUTH programme and donations of medical equipment to public healthcare facilities. Paul Moeketsi, managing partner at the firm, indicated that private equity enables mid-sized businesses to formalise operations, improve governance, and enhance employment practices.
The focus remains on expanding Medhold’s product range, service capabilities, and geographic footprint across Southern Africa, amid broader industry trends where private equity supports healthcare distribution to address access gaps in emerging markets.