Raiz Invest Limited (ASX:RZI) entered into an agreement to acquire Superestate Pty Ltd for AUD 8.8 million on April 28, 2021. The consideration includes payment in issue of 5.3 million Raiz shares. Post completion, Grant Brits and Superestate staff will join Raiz team. The two businesses will continue to operate separately until an integration strategy that ensures the best outcome for all customers is implemented. Completion of the acquisition is subject to conditions including satisfactory completion of Raiz’s due diligence, the continuation of certain material contracts, escrow agreements in place, transfer of key employees and Superestate being debt free. Completion is expected to occur in late May 2021. As of May 5, 2021, completion of the acquisition is subject to third party consents under certain material contracts. Guy Sanderson, Kajal Tulsi, Hugo Zicat, James Simpson, Sarah Gilkes and Charlotte Olsen of Hamilton Locke acted as legal advisors to Raiz Invest Limited. Raiz Invest Limited (ASX:RZI) completed the acquisition of Superestate Pty Ltd on July 29, 2021.