Afya announces closing of $150 million investment from the softbank latin america fund

Nova lima, minas gerais, brazil, may 03, 2021 (globe newswire) -- afya limited, or afya (nasdaq: afya), the largest medical education group in brazil, today announced that softbank latin america fund (“softbank”) closed on its purchase of us$150 million of afya's series a perpetual convertible preferred shares set forth in the certificate of designations.   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.
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