Pace Capital has acquired a 50% stake in MEGA-Melvill Equipment Group Africa, positioning the company for enhanced growth and operational stability.
Target Information
Pace Capital (Pty) Ltd has successfully acquired a 50% stake in MEGA-Melvill Equipment Group Africa (Pty) Ltd, a pivotal moment that is poised to boost the continued growth and sustainability of this esteemed company. Established in 1992, MEGA has evolved from a small service business into a global leader in commercial and industrial laundry equipment, backed by renowned brands such as Electrolux Professional Laundry and LG Commercial Laundry.
The acquisition allows MEGA to leverage Pace Capital's expertise in business transitions, ensuring continuity while also providing opportunities for strategic enhancements. Justin Lewis, founder of Pace Capital, expressed confidence in the management team of Brett, Simon, and Claire Raab, acknowledging MEGA's strong reputation and industry connections.
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Industry Overview in South Africa
The South African laundry industry has increasingly become competitive, with an emphasis on efficiency and sustainability. As businesses seek to provide outstanding laundry solutions, MEGA's commitment to innovation and qual
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Pace Capital (Pty) Ltd
invested in
MEGA-Melvill Equipment Group Africa (Pty) Ltd
in 2025
in a Other deal