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.