Netex Knowledge Factory, S.A. (BME:NTX) agreed to acquire Virtual College Limited on May 10, 2021. Virtual College Limited has presented a turnover of £5.6 million. As per update on June 21, 2021, Inveready will provide financing upto £6.5 million in convertible bonds to finance the transaction. CROWE acted as technical and financial due diligence provider to Netex Knowledge Factory, S.A. Once the review process is completed and the drafting of the sale contract will be submitted for approval at the Netex Knowledge Factory, S.A., General Shareholders' Meeting, which will be convened shortly. The transaction has been approved by the Board of Directors of Netex Knowledge Factory, S.A.