Family Zone Cyber Safety Limited (ASX:FZO) entered into an agreement to acquire Qustodio Technologies S.L. from W8 ventures, Kibo Ventures and others for $52 million on May 2, 2022. The 52% payable upfront in a combination of cash, vendor finance and Family Zone shares, subject to completion financial adjustments and the remaining 48% payable in Family Zone shares subject to the satisfaction of performance milestones. The transaction is subject to Spanish Foreign Direct Investment approval, completion of a capital raising by Family Zone and Family Zone shareholder approval of the issue of securities to the vendors.

Hedley Roost, Scott Gibson and Sarah Urquhart of Thomson Geer acted as the legal advisor and Azure Capital Pty Ltd. acted as the financial advisor to the Family Zone Cyber Safety Limited (ASX:FZO). The Thomson Geer team is being supported by Gibson Dunn in the US and Uría Menéndez in Spain. As on May 2, 2022, the Spanish Government's Council of Ministers approval has been received, completion is anticipated to occur on or about August 1, 2022.

Raul Lopez Moro of BDO Financial Advisory acted as Due Diligence Provider to Family Zone Cyber Safety Limited (ASX:FZO).