Description of Activities

The Commission resolved to approve without conditions the acquisition by Salt Equity 1 LP through Salt Capital GP Ltd of the entire shareholding in Medfam Holdings (Pty) Ltd. The Transaction was notified to the Commission on the 18th of July 2024, and the merger was determined on the 16th of August 2024.

 The acquiring undertaking is Salt Equity 1 LP, which is a limited partnership whose sole purpose is to act as a ring-fenced private equity Fund. The Fund raises capital from various investors which capital is invested in various 3rd party businesses. Salt Equity 1 LP is managed by Salt Capital GP Ltd. The acquiring group is in the business of identifying, investing, and managing mid-market private equity investments.

The primary target undertaking is Medfam Holdings (Pty) Ltd trading as Rhino Park Hospital, a private hospital situated in Windhoek. 

The Secretariat defined the product market as the market for the provision of private hospital services.

Merger Determination

The Commission found the proposed transaction unlikely to result in the prevention or substantial lessening of competition; does not result in any undertaking acquiring or strengthening a dominant position in the market and does not raise any public interest concerns.

However, as stated under section 50 of the Act, this approval does not relieve parties from complying with any other mandatory statutory approvals that any of the parties to this merger must comply with under Namibian Laws.