Standard Bank backs Sanlam Private Equity’s acquisition of Medhold
Standard Bank acted as sole investment bank and mandated lead arranger.
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Standard Bank has supported Sanlam Private Equity (SPE) in its acquisition of Medhold, a supplier of medical devices and surgical supplies in South Africa and selected African markets.
Medhold offers a diversified portfolio of medical devices and surgical supplies from global original equipment manufacturers (OEMs). It supplies private and public hospitals, as well as smaller surgical facilities. Medhold also provides after-sales support, including maintenance and repair services.
SPE is a division of Sanlam Alternative Investments. It is a South African private equity firm that partners with established mid-market businesses across sectors.
“Sanlam Private Equity’s investment philosophy is to help formalise, professionalise and scale mid-market companies, like Medhold, which are the backbone of the South African economy. 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. We appreciate Standard Bank’s assistance in finalising this transaction and look forward to being a part of the transformation in healthcare and the innovation that will make a difference in South Africa, and beyond, together,” said Paul Moeketsi, managing partner of Sanlam Private Equity.
“This transaction highlights Standard Bank’s ability to deliver innovative, bespoke funding solutions that drive client success and reinforce our position as a leading financier of complex, structured deals. Furthermore, this transaction deepens Standard Bank’s long-standing relationship with Sanlam Private Equity and Medhold, showcasing our commitment to fostering trusted partnerships,” commented Marisane Thobejane, executive vice president for leveraged finance at Standard Bank Corporate and Investment Banking (CIB).
Kgomotso Sebopelo, vice president for diversified industries at Standard Bank CIB added: “This transaction further demonstrates Standard Bank’s strong support of the healthcare sector and will strengthen healthcare infrastructure and ensure continued supply of essential medical equipment and consumables across South Africa. It will also provide Medhold with capital and strategic support to expand, innovate, and diversify.”
Standard Bank acted as the sole investment bank and mandated lead arranger. It provided a funding package in support of the acquisition.
The deal was announced in October, subject to regulatory approval. The approval has now been granted.
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