Vitru Limited (NasdaqGS:VTRU) acquired Rede Enem for BRL 3 million on September 2, 2022. The purchase price paid to sellers amounts to BRL 3 million, of which BRL 1.5 million was paid in cash, and an earn-out of up to BRL 1.5 million can be paid within 24 months upon the fulfillment of obligations and results goals. UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários S.A. acted as financial advisor to Vitru Limited (NasdaqGS:VTRU).

Vitru Limited (NasdaqGS:VTRU) completed the acquisition of Rede Enem on September 2, 2022.