Teaminvest Private Group Limited (ASX:TIP) entered into a share purchase agreement to acquire Teaminvest Pty Limited/Teaminvest Limited/Conscious Investor Pty Ltd/Teaminvest Australia Pty Ltd from Electronic Marketing Pty Ltd, V. Mark Pty Ltd, Price Value Pty Limited and Regan George Passlow for AUD 6.9 million on May 21, 2021. As part of consideration, Teaminvest Private Group will issue total of 12.69 million shares including 6.23 million to Electronic Marketing, 3.79 million shares to V. Mark Pty Ltd, 1.4 million shares to Price Value and 1.27 million shares to Regan George Passlow. For FY 2020, Teaminvest Pty Limited, Teaminvest Limited, Conscious Investor Pty Ltd and Teaminvest Australia Pty Ltd generated consolidated revenues of AUD 4.024 million, EBIT of AUD 1.558 million, EBITDA of AUD 1.558 million, Net loss of AUD 2.9 million, Total Assets of AUD 8.846 million and Net Assets of AUD 3.754 million. The transaction is subject to approval of the Teaminvest Private Group shareholders, completion of selective buy-back of the 12.6 million shares in Teaminvest Private Group Limited currently held by Teaminvest Pty Ltd, Obtaining all necessary third-party consents by Teaminvest Pty Ltd and employment agreement being entered into by Teaminvest Private Group with the current Chief Executive Officer and Founder of Teaminvest Pty Ltd, Mark Moreland. The conditions precedent have a sunset date of August 19, 2021. If the conditions precedent are not satisfied by the Sunset Date, Teaminvest Private Group or Electronic Marketing Pty Ltd, V. Mark Pty Ltd, Price Value Pty Limited and Regan George Passlow may terminate the Share Purchase Agreement. The Extraordinary General Meeting for the approval of shareholders of Teaminvest Private Group will be held on June 29, 2021. As at the date of this notice of meeting, the transaction is expected to close the day following the Extraordinary General Meeting. BDO Corporate Finance (East Coast) Pty Ltd acted as fairness opinion provider to Teaminvest Private Group Limited. Teaminvest Private Group Limited (ASX:TIP) completed the acquisition ofTeaminvest Pty Limited/Teaminvest Limited/Conscious Investor Pty Ltd/Teaminvest Australia Pty Ltd from Electronic Marketing Pty Ltd, V. Mark Pty Ltd, Price Value Pty Limited and Regan George Passlow on June 30, 2021.