Apotex: Acquisition of CanPrev Signals Entry into Canadian Health Sector
Deal News | Feb 03, 2025 | SK Capital
Apotex Inc., Canada's largest pharmaceutical company, has acquired CanPrev, a prominent provider of vitamins and natural health products. This acquisition signifies Apotex's strategic entry into Canada's expanding health and wellness market, building on its existing presence in pharmacies and branching out into health food, naturopathic, and grocery retail channels. CanPrev, which markets products under the CanPrev, Cyto-Matrix, and Orange Naturals brands, will continue to function under its current structure. The acquisition is part of Apotex's 'Journey of Health' growth strategy, emphasizing high-value consumer products and international market expansion. Financial and legal advice for the transaction was provided by Jefferies Securities Inc. and Goodmans LLP for Apotex, and Fasken Martineau DuMoulin LLP for CanPrev.
Sectors
- Pharmaceuticals
- Health & Wellness
- M&A Advisory
Geography
- Canada – Both Apotex and CanPrev are Canadian companies, and the acquisition focuses on the Canadian market expansion.
- Global – Apotex has a global presence with offices in multiple countries, and the acquisition aligns with potential international market expansion.
Industry
- Pharmaceuticals – Both Apotex and CanPrev operate within the pharmaceutical sector. Apotex is a well-known player in generic and innovative medicines, while CanPrev specializes in vitamins and natural health supplements.
- Health & Wellness – The acquisition allows Apotex to enter the expanding health and wellness market in Canada, using CanPrev's established product lines and distribution networks.
- M&A Advisory – Involves financial and legal advisory roles performed by Jefferies Securities Inc. and Goodmans LLP for Apotex and Fasken Martineau DuMoulin LLP for CanPrev.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Apotex Inc. | Bidding Company | Companies | The largest Canadian-based pharmaceutical company, acquiring CanPrev. |
| CanPrev | Target Company | Companies | A Canadian provider of natural health products acquired by Apotex. |
| Jefferies Securities Inc. | Financial Advisor | Companies | Served as financial advisor to Apotex in the acquisition. |
| Goodmans LLP | Legal Advisor | Companies | Served as legal counsel for Apotex in the acquisition. |
| Fasken Martineau DuMoulin LLP | Legal Advisor | Companies | Served as legal counsel for CanPrev in the acquisition. |