SoftBank buys stake in Afya

SoftBank buys stake in Afya

Corporate & Sovereign Strategy Equity M&A Latin America South America Brazil Japan Technology

Brazilian medical education group Afya said Tuesday that Japan's SoftBank had spent BRL822 million ($151 million) to buy an 8.4% stake in the company, according to a securities filing. Local private equity firm Crescera Capital and the Esteves family sold 2.27 million common shares in the deal, and SoftBank will appoint managing partner Paulo Passoni as an Afya board member as a result of the sale, according to the filing. Afya said it will use the proceeds to fund future acquisitions and inves

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