M&A Deal Summary

Afya Acquires DelRey

On January 2, 2023, Afya acquired education company DelRey for 825M BRL

Acquisition Highlights
  • This is Afya’s 2nd transaction in the Education sector.
  • This is Afya’s largest (disclosed) transaction.
  • This is Afya’s 9th transaction in Brazil.

M&A Deal Summary
Date 2023-01-02
Target DelRey
Sector Education
Buyer(s) Afya
Deal Type Add-on Acquisition
Deal Value 825M BRL

Target

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”).

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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 9 of 9
Sector (Education) 2 of 2
Type (Add-on Acquisition) 9 of 9
Country (Brazil) 9 of 9
Year (2023) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-23 Glic

Sao Paulo, Brazil

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.

Buy R$22M
Mergr

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Company

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