About This Deal

Afya Limited acquired FCMPB for R$378.8 million.

On November 9, 2020, Afya Brazil acquired 100% of FCMPB, a post-secondary education institution in the State of Paraiba authorized to offer on-campus undergraduate courses in medicine, where the medical course represented 99% of its 2019 net revenue. FCMPB had been constituted through a spin-off in August 2020 and added 157 medical school seats. The total net price of R$379,913 was adjusted to R$378,807, comprising R$189,913 paid in cash at close and R$188,894 payable in four equal installments through 2024.

Added 157 medical school seats in the State of Paraiba, reinforcing Afya's core undergraduate medical education business.

Deal Terms

Acquirer
Afya Limited
Target
FCMPB
Value
R$378.8 million
Date
Not disclosed
Type
Not disclosed
Status
Not disclosed

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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