APOLLO HEALTHCARE CORP. acquired by ANJAC BEAUTY & HEALTH
Context
Anjac acquired a majority stake in Apollo Healthcare Corp marking its 8th acquisition in five years. The founders, the Wachsberg brothers, remain as co-CEOs and shareholders. This deal is the cornerstone of Anjac's North American expansion, following the 2019 acquisition of Cosmetix West. The merger allows Anjac to offer global industrial capacity and specific OTC technologies (like FDA-approved sun care) to its international brand customers.
APOLLO HEALTHCARE CORP., which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Healthcare & Pharma sector (14.3x).
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Target
Apollo Healthcare Corp. is one of North America's largest private label personal care manufacturers. It specializes in the development and high-volume production of beauty, wellness, and Over-The-Counter (OTC) products (notably sun care). Apollo serves major North American mass retailers, drugstores, and wholesale clubs. The company is known for its Corporate robustness and its ability to manage large-scale private label contracts for retail giants.
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REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 100M - 200M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.