Centuria Capital acquires 50% of ResetData

Client(s) Centuria Capital Group

Jones Day advised Centuria Capital Group in its acquisition of a 50% interest in ResetData Pty Ltd ("ResetData"), a new-generation data server provider, for consideration of up to $21 million. Centuria has an option to acquire the remaining 50% interest in ResetData in five years. ResetData relies on proprietary Liquid Immersion Cooling (LIC) technology for its data centers, which provide a smaller size footprint than traditional data centers, less energy consumption than those using air cooling servers, and a reduced carbon footprint. These features enable ResetData to be located in existing office buildings, rather than outer city warehouses, delivering lower connectivity latency to users.