Now SoftBank will operate WeWork offices in Latin America SoftBank Latin America Fund will manage coworking in Argentina, Brazil, Chile, Colombia and Mexico.
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Email May 27, 2021 6 min read
This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process. This story originally appeared on Alto Nivel
WeWork announced today a
venture fund SoftBank
Argentina, Brazil, Chile, Colombia and
Mexico. The agreement blends the strength of
WeWork s product with the fund s operating experience in local markets and strengthens
WeWork s position as an ideal partner for companies seeking flexible space solutions in Latin America, according to a statement.
Afya Closes $150M Investment From SoftBank Latin America Fund
Afya Limited (Nasdaq: AFYA), a Nova Lima, Minas Gerais, Brazil-based medical education groupreceived a US$150m investment from SoftBank Latin America Fund.
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. Softbank and its affiliates beneficially own approximately 8.4% of the total shares of the company (on an as-converted basis for the Series A perpetual convertible preferred shares).
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Afya Announces a $150 Million Investment from the SoftBank Latin America Fund
AfyaApril 27, 2021 GMT
NOVA LIMA, Brazil and MINAS GERAIS, Brazil, April 27, 2021 (GLOBE NEWSWIRE) Afya Limited, or Afya (Nasdaq: AFYA), the largest medical education group in Brazil, today announced that the SoftBank Latin America Fund (“Softbank”) has agreed to purchase R$822 million, equivalent to $150 million, of Afya’s Series A perpetual convertible preferred shares set forth on the Certificate of Designations, subject to customary closing conditions.
In addition, Crescera Educacional II Fundo de Investimento em Participações Multiestratégia and the Esteves Family have agreed to sell 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.
TechnologySoftBank funding propels U.S. shares of Brazil s Afya to near 3-month high
Reuters
2 minutes read
U.S.-listed shares of Afya Ltd (AFYA.O) hit their highest in nearly three months in afternoon trading after the Brazilian medical education group announced a $150 million investment from SoftBank Latin America Fund.
The stock was up more than 12% at $24.10 by 1745 GMT on Tuesday.
The investment will be executed through the purchase of convertible preferred shares, Afya said, with SoftBank Group Corp (9984.T) also planning to buy about 2.2 million common shares of the company from two existing shareholders.
Based on the closing price of the stock on Monday, this would represent an additional investment of around $50 million.