Teaminvest Private Group (ASX:TIP) agreed to terminate the proposed acquisition of Enva Australia and Enva Holdings under a deed of termination and release due to continuing delays with satisfying the conditions precedent, according to a Tuesday Australian Securities Exchange filing.

The termination will not have any impact on its current or historical reported financial performance, the filing said.

Enva continues to share office space in the premises leased by the firm in Adelaide.

Teaminvest Private Group's shares fell past 1% in recent trading on Tuesday.