Apotex

SK Capital, which specializes in the pharmaceutical sector, announced Wednesday that it had reached an agreement to acquire the pharma company.

In the SK release, Apotex is described as a “proudly Canadian, global pharmaceutical company that produces high-quality, affordable medicines for patients around the world.” At the time of Sherman’s death, it employed 11,000 people worldwide, many of them in Canada. The SK release notes that the “lead arrangers” are RBC Capital Markets, The Bank of Nova Scotia, HSBC and Truist Securities. In the release, SK Capital states that its wide portfolio of businesses generates revenues of approximately $16 billion (U.S.) annually, employs more than 20,000 people globally and operates 203 plants in 32 countries. government and paid almost $100 million (U.S.) As the Star reported last year, Apotex settled Apotex is just part of the Sherman fortune. The Shermans were killed 36 hours earlier, shortly after they both separately arrived home from a meeting at Apotex to discuss with builders a new home they were about to construct. The value of the deal has not been disclosed and regulatory approval is pending. With the deaths of their parents, Barry and Honey’s fortune passed in equal shares to their four children, Lauren, Jonathon, Alexandra and Kaelen, according to estate documents made public following a lengthy court challenge by the Toronto Star. They had both been strangled by a thin ligature and posed in a seated position on the pool deck, leather belts wrapped around their necks and tied to a low railing that prevented their bodies from falling back into the pool. Apotex is privately held and details of its revenues and profit are not publicly available. “Apotex is a dynamic, entrepreneurial company with a strong track record of success, underpinned by its diversified product portfolio, robust pipeline of new launches and iconic brand,” said Aaron Davenport, Managing Director at SK Capital.

Apotex Pharmaceuticals Holdings Inc., the Canadian generic pharmaceuticals giant that was founded by Barry Sherman in 1974, has agreed to a takeover.

Bloomberg News reported in November 2021 that Apotex was exploring a sale. Based on sources, Bloomberg reported that Apotex was posting about US$400 million in annual earnings before interest, taxes, depreciation, and amortization. In a release Wednesday morning, SK Capital Partners LP said it struck a deal to buy Apotex.

Apotex Pharmaceutical Holdings Inc. has signed a deal to be acquired by U.S. private equity investment firm SK Capital Partners.

Apotex was founded by Barry Sherman in 1974. Last year, police released a video of a possible suspect wanted in connection with the infamous case. [Toronto police reveal possible suspect video for unsolved murders of Barry and Honey Sherman](https://globalnews.ca/news/8449010/barry-honey-sherman-deaths-update-2021/)

Apotex Pharmaceutical Holdings Inc., the Canadian generic drug company controlled by the family of murdered billionaire Barry Sherman, will be sold to SK ...