Afya Closes $150M Investment From SoftBank Latin America Fund
Afya Limited (Nasdaq: AFYA), a Nova Lima, Minas Gerais, Brazil-based medical education groupreceived a US$150m investment from SoftBank Latin America Fund.
In addition, Crescera Educacional II Fundo de Investimento em Participações Multiestratégia and the Esteves Family also closed on the sale of 2,270,208 Class A common shares to SoftBank. In connection with such sale, Paulo Passoni from Softbank will be appointed as a board member of Afya within the next 30 days. Softbank and its affiliates beneficially own approximately 8.4% of the total shares of the company (on an as-converted basis for the Series A perpetual convertible preferred shares).