Sanlam: Sanlam Investments Private Equity Takes Majority Stake In Danny's Auto

Sanlam Private Equity (SPE), the private equity division of Sanlam Investments, today announces that it has acquired a majority stake in Danny’s Auto Body Parts (Danny’s Auto), a provider of a wide range of high quality aftermarket automotive parts and accessories for various vehicle types and models in South Africa and other sub-Saharan countries. SPE made the acquisition through its private equity fund, SPE Mid-Market Fund I, and aims to make a significant impact on job creation and support the democratisation of vehicle repairs and maintenance.