The fast-growing Cooper Parry (CP) Deals team has recently advised Dragon 2000 on their sale to Lacour Group.
This latest deal further strengthens the group’s position as a leading software platform in the European automotive after-sales market.
Our Deals team is delighted to have advised the shareholders of Dragon 2000 on their exit, after building the business from its inception to being a key player in the UK automotive DMS marketplace.
This deal also further cements CP’s reputation as the adviser of choice in the UK auto-tech mid-market space, following multiple impressive deals over the past few years.
Having known and worked with Mark Cooper, Dragon 2000’s CEO and Founder, Mark Cooper for many years, our Deals team is pleased to have sourced and delivered an outstanding outcome for the shareholders, and management team.
The deal has secured a cross-border strategic buyer, the Lacour group, who themselves sold a majority stake to Carlyle in 2023, to enable Dragon2000 to continue its impressive growth trajectory and market-leading service offering to its customers in the UK.
Mark Cooper said “The Cooper Parry Deals team worked tirelessly in negotiating and delivering an excellent transaction for us as shareholders, and for our market-leading and dedicated management team. We appreciate the level of detail and support from the Partner-led approach at Cooper Parry, and their true automotive sector knowledge. We wouldn’t hesitate in recommending the Cooper Parry Deals team to others considering a transaction”.
Peter Williams, Corporate Finance Partner at CP said “It was an absolute privilege advising Dragon on this exceptional transaction. The strategic synergies between the two businesses are fantastic and we fully expect the combined business to thrive in the future.”
Angelo Maida, CEO of Lacour, remarked: “This acquisition is a major step forward for our group, allowing us to enter the UK market, one of the most dynamic in Europe. We are excited about the opportunities this expansion presents, not only to grow our presence but also to introduce our innovative solutions to a wider audience. Together, we will continue our shared commitment to innovation and product-led growth, and we will further develop and integrate artificial intelligence within our product suite to provide even more value to our customers.”
