Old Mutual Private Equity based in South Africa has acquired a 50% stake in Medhold Group which is an end-to-end supplier of medical devices. Medhold is a key supplier to the healthcare industry across Southern Africa and has been in operation since 1988. The product range includes electro-surgery equipment, maternal infant care, anaesthetic delivery systems, patient monitoring equipment, cardiology equipment, ventilation and surgical equipment amongst others. The healthcare sector has remained resilient due to its defensive nature, especially in recessionary periods. Medhold Group remains 50% owned by its management team. The transaction has received the required Competition Commission approval in South Africa.