MoFo News Item

MoFo Advises SoftBank on Investment in Medical Education Group Afya Limited

05 May 2021

Morrison & Foerster represented SoftBank Group Corp. in connection with the recently completed US$150 million (R$822 million) preferred equity investment in Afya Limited (“Afya”) (Nasdaq: AFYA), the largest medical education group in Brazil. In addition, SoftBank purchased 2,270,208 Class A common shares from Crescera Educacional II Fundo de Investimento em Participações Multiestratégia and the Esteves Family in a secondary investment.

MoFo’s Latin America corporate team previously represented SoftBank in its earlier investments in Brazil, including in e-commerce platform VTEX, IDTech pioneer Acesso Digital, real estate leasing company QuintoAndar, bus charter online booking service Buser, and data science company Cortex.

The MoFo deal team advising SoftBank was led by Washington, D.C. corporate partner Andy Campbell and New York corporate associate Dylan Naughton, together with Miami corporate partner Juan Delgado, Latin America Desk co-chair Randy Bullard, and New York U.S. Federal Tax associate Katherine Erbeznik.

Read more about the transaction in Afya’s press release.



Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.