DLA Piper advises CENTRA in US$230 million growth investment

DLA Piper counseled CENTRA, a developer of interconnection infrastructure for emerging cloud and AI markets, in its US$230 million growth investment by Columbia Capital, a venture capital firm focused on technology.

The investment will finance development in Reno, NV, and Minneapolis, MN, as well as additional expansion in growing technology hubs. The strategic funding enables CENTRA to meet increasing demand for redundant and dependable network connectivity from cloud, content, AI providers, carriers, and enterprises.

Eric Grossman (Reston), Vice Chair of DLA Piper’s the Private Equity group, led the deal team, which included Of Counsel Tom Hendershot (Reston) and Associate Dan Rosenberg (Washington, DC).

With more than 225 global lawyers providing strategic counsel to private equity funds and their industry-leading portfolio companies, DLA Piper’s Private Equity practice has the capacity, experience, and relationships to help drive value across the investment life cycle by delivering responsive, efficient, and integrated solutions around the world. DLA Piper’s Private Equity practice ranks as the #2 most active among global law firms, according to Pitchbook.