The acquisition is priced at US$52 million
Thomson Geer is advising cyber safety and security company Family Zone on its acquisition of Qustodio for US$52 million.
Qustodio is a Spanish cyber safety firm that provides parental control and internet safety solutions to users across 180 countries. Australia’s Family Zone, meanwhile, is among the leading providers of online monitoring software for families and schools.
Family Zone’s acquisition will enable both companies to improve their ability to provide online safety tools and advice for children, parents and schools worldwide, according to a statement from Thomson Geer.
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“This merger is a significant achievement for Family Zone as it aligns with Family Zone’s strategy to expand its feature sets to be a compelling global solution,” said Thomson Geer partner Hedley Roost. “Family Zone and Qustodio complement each other and together they will have a significant global footprint in the growing cyber security space aimed at families.”
Thomson Geer is advising Family Zone on all aspects of the merger and its associated capital raising with a team comprising of partners Hedley Roost and Scott Gibson and lawyer Sarah Urquhart. The team is also supported by Gibson Dunn in the US and Uría Menéndez in Spain. Additionally, Azure Capital is Family Zone’s corporate adviser.
“We’re proud to be part of a deal that will help children around the world access the online world in a safe way,” added Hedley.