Sep 2026
Conyers advised Yduqs Participações S.A. (“Yduqs”) on its proposed business combination with Afya Limited (“Afya”), to create one of the largest higher education platforms in Brazil valued at approximately US$1.75 billion.
Afya shareholders are expected to hold 69% of the combined company, while Yduqs shareholders will hold 31%. Upon completion, the combined company will be listed solely on B3’s Novo Mercado segment, and Afya’s Nasdaq-listed shares will be delisted. The transaction remains subject to shareholder, regulatory, and other customary approvals, with closing anticipated by March 2028.
The Conyers team was led by Partner Theo Lefkos and included Associate Alexandra Sims advising Yduqs alongside BTG Pactual, Lobo de Rizzo, Spinelli Advogados and Millbank LLP.