Davis Polk Advises Afya Limited on Its $341.7 Million Follow-On Offering

Davis Polk advised Afya Limited on its SEC-registered follow-on offering of an aggregate of 12,426,740 Class A common shares, of which 3,019,928 shares were issued and sold by Afya and 9,406,812 shares were sold by certain selling shareholders, at a price per Class A common share of $27.50. The Class A common shares are listed on the Nasdaq Global Select Market under the symbol “AFYA.”

Based in Minas Gerais, Brazil, Afya is a leading medical education group in Brazil based on number of medical school seats, delivering an end-to-end physician-centric ecosystem that serves and empowers students to be lifelong medical learners.

The Davis Polk capital markets team included Manuel Garciadiaz and Konstantinos Papadopoulos and Hugo Casella. The tax team included Alon Gurfinkel and Summer Xia. Matthew R. Silver provided 1940 Act advice. Members of the Davis Polk team are based in the São Paulo, New York and London offices.