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).
Afya is a medical education group delivering an end-to-end physician-centric ecosystem that serves and empowers students and physicians through their medical residency preparation, graduation program, continuing medical education activities and offering digital products to allow doctors to enhance their healthcare services through their whole career.