Old Mutual Private Equity (OMPE), a division of South Africa-focused asset manager Old Mutual Alternative Investments, has agreed to acquire a 50 percent stake in South Africa-based Medhold Group, an end-to-end supplier of medical devices. With OMPE’s support, Medhold plans to expand locally and in the rest of Africa, as well as enhance its Broad Based Black Economic Empowerment (BBBEE) credentials through an improved BBBEE scorecard. Financial details of the transaction, which is pending approval from the Competition Commission in Zimbabwe, were not disclosed.