SK Capital Partners signs agreement to acquire Apotex, the company founded by Barry Sherman

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Apotex Pharmaceutical Holdings Inc. — the generic drug company founded by a murdered canadian billionaire Barry Sherman – has signed an agreement to be acquired by US private equity firm SK Capital Partners.

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Financial terms of the deal for the Canadian pharmaceutical company were not immediately available.

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Aaron Davenport, Managing Director of SK Capital, says Apotex is a dynamic and entrepreneurial company with a strong track record of success, underpinned by its diverse product portfolio, strong portfolio of new launches and iconic brand.

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Apotex employs nearly 8,000 people worldwide in manufacturing, research and development, and business operations.

Sherman founded the company in 1974.

It operates in over 45 countries, with a significant presence in Canada, the United States, Mexico and India.

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The operation is subject to the usual regulatory conditions.

Sherman and his wife, Honey, were found dead in their home in Toronto on December 15, 2017.

No arrests were made.


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