Standard Bank supports Sanlam Private Equity to acquire Medhold

Johannesburg - Standard Bank, Africa's biggest bank by assets, is proud to announce that it has played a significant role in supporting Sanlam Private Equity (SPE) in its acquisition of Medhold, a leading supplier of medical devices and surgical supplies in South Africa and other selected African markets.

Medhold offers a diversified portfolio of medical devices and surgical supplies from leading global Original Equipment Manufacturers (OEMs) to private and public hospitals and smaller surgical facilities. In addition, Medhold also provides after-sales support (maintenance and repair services) to its customer base.

Sanlam Private Equity, a division of Sanlam Alternative Investments, is a leading South African private equity firm focused on partnering with established, high-potential businesses across diverse sectors. With a long-term investment approach and deep operational insight, the team supports sustainable growth through strategic capital and active ownership.

"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," says Paul Moeketsi, Managing Partner, 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," says Marisane Thobejane, Executive Vice President, Leveraged Finance at Standard Bank Corporate and Investment Banking (CIB).

Kgomotso Sebopelo, Vice President, Diversified Industries at Standard Bank CIB adds, "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 to provide an innovative funding package in support of the acquisition.

The deal was originally announced in October pending regulatory approval, which has now been granted.