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AZB advise Madison Dearborn on the Indian leg of household goods mover SIRVA’s acquisition

Chicago-based private equity firm Madison Deaborn Partners have entered into an agreement to acquire global relocation and moving services provider SIRVA for an estimated value of over $10m, as reported by PR Newswire.

AZB & Partners acted as the Indian legal counsel to Madison Dearborn Partners in the transaction, led by partners Ashwath Rau and Anu Tiwari along with senior associates Vipul Jain, Apeksha Mattoo and Aditya Alok.

Formed originally by Clayton, Dubilier and Rice in 1999, SIRVA was owned by Aurora Resurgence and Equity Group Investments since 2008 and includes brand names Allied Van Lines, North American Van Lines, and Allied Pickfords. It provides for the interstate transportation of household goods throughout the United States and internationally and operates in 170 countries, having 55 offices and 620 agent locations with more than 2,600 employees. The current acquisition is expected to help SIRVA leverage MDP’s investment and industry expertise to expand its leadership position as a global, end-to-end moving and relocation service provider.

2018-05-22

US

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