Sanlam Private Equity in waste management deal

Sanlam Private Equity (SPE), a division of Sanlam Investments, has acquired a controlling stake in SkipWaste, a provider of integrated waste management solutions to commercial, industrial and retail clients in South Africa.

The acquisition was made through SPE’s new private equity fund, SPE Mid-Market Fund I, which is one of three impact-focused funds in the Sanlam Investors’ Legacy Range launched in 2020.

SkipWaste, which has been family-owned and run since its inception in 1984, operates out of three strategically located depots across Gauteng province, several transfer stations, and a 13-hectare waste treatment facility in Springfield.

This acquisition is the fourth in the fund, following that of Cavalier Group, Absolute Pets and Q Link.