M&A Deal Summary

Afya Acquires Glic

On May 23, 2022, Afya acquired internet software and services company Glic for 22M BRL

Acquisition Highlights
  • This is Afya’s 4th transaction in the Internet Software and Services sector.
  • This is Afya’s 3rd largest (disclosed) transaction.
  • This is Afya’s 8th transaction in Brazil.

M&A Deal Summary

Date 2022-05-23
Target Glic
Sector Internet Software and Services
Buyer(s) Afya
Deal Type Add-on Acquisition
Deal Value 22M BRL

Target

Glic

Sao Paulo, Brazil
website
Glic is a free diabetes care and management app solution for physicians and patients that uses technology to improve diabetes education and daily routine practices, connecting users, devices, and health providers. Glic is based in Sao Paulo, Brazil.

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Buyer(S) 1

Buyer

Afya

Nova Lima, Brazil

website


Category Company
Founded 1999
Sector Education
Employees5,260
Revenue 1.2B USD (2020)
DESCRIPTION

Afya is an operator of medical education group in Brazil based on the number of medical school seats, delivering an end-to-end physician-centric ecosystem that serves and empowers students and physicians to transform their ambitions into rewarding lifelong experiences from the moment of joining as medical students through medical residency preparation, graduation program, continuing medical education activities and their daily practices with digital products. Afya was founded in 1999 and is based in Nova Lima, Brazil.


DEAL STATS #
Overall 8 of 9
Sector (Internet Software and Services) 4 of 4
Type (Add-on Acquisition) 8 of 9
Country (Brazil) 8 of 9
Year (2022) 3 of 3
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-05 CardioPapers

Recife, Brazil

CardioPapers is a medical content and education platform in the Cardiology field, offering courses and books developed by physicians and for physicians, covering all phases of the medical career. CardioPapers is based in Recife, Brazil.

Buy R$35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-02 DelRey

Aracaju, Brazil

DelRey is a private school that operates Centro Universitário Tiradentes Alagoas (“UNIT Alagoas”) and Faculdade Tiradentes Jaboatão dos Guararapes (“FITS Jaboatão dos Guararapes”).

Buy R$825M