Ata Capital, a private equity investment management firm, and Respiratory Care Africa (RCA), a medical devices supplier, have announced the successful completion of the management buyout (MBO) of RCA from South African healthcare group Ascendis. The MBO was financed through Ata Capital’s latest BEE value fund, Ata Fund III and makes the private equity firm a majority shareholder.

This MBO has enabled RCA to return to its original status as a 100% South African, privately owned medica...