Local and Africa News on Private Equity
Private equity — traditionally wary of the complex, highly regulated drugs sector — is increasingly scanning the pharmaceuticals industry for value, suggesting scope for sizeable buyouts. PRIVATE equity fund Medu Capital has acquired for an undisclosed sum a 40% equity interest in Medipost Courier Pharmacy and a 40% stake in medical distribution firm Kawari Wholesaler.
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Medipost was established in 1991 as the first courier pharmacy in South Africa, with a focus on the distribution of chronic medication to patients nationally. Medipost currently processes an average of 140,000 prescriptions per month, making it the largest courier pharmacy in South Africa. Kawari was established in 2004 as a pharmaceutical wholesaler which supplies medicines to various retail and courier pharmacies nationally.
Based in Gauteng, SARCO is Africa’s only producer of steel rolls and sleeves to major steel producing companies world-wide. The company has the benefit of in depth knowledge of the local market and enjoys a relatively lower cost production. SARCO has established itself as a reliable quality supplier to first-tier steel global producers.
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