mynth
← DATABASE
10/2024100%

Dragon2000 acquired by Groupe Lacour

UNITED KINGDOM Software / Industry-Specific Software / Automotive EV €20–50M

Context

Lacour Group has successfully completed the 100% acquisition of the UK-based software developer Dragon2000, marking its first major international expansion since the 2023 Carlyle LBO. The transaction was funded through a combination of existing cash reserves and CAPEX facilities provided by Capza. This acquisition is a strategic milestone that secures Lacour’s entry into the dynamic British automotive market, adding 1,000 UK clients and €10 million in Annual Recurring Revenue (ARR) to the group’s perimeter. The integration allows Lacour to cross-sell its French aftersales and parts database solutions to the UK market while leveraging Dragon2000’s expertise in dealership management systems. This deal consolidates Lacour’s position as a pan-European leader, scaling its total client base to 10,000 and providing a platform for further expansion into Germany and Spain.

Dragon2000, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average observed in the TMT (Tech, Media, Telecom) sector (16.1x in 2024).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Founded in 1995, Dragon2000 is a prominent British developer of Dealer Management Systems (DMS) and integrated software solutions specifically designed for the retail motor trade. The company’s business model centers on providing a unified platform that combines dealership management, specialized accounting, and vehicle sales tools. Its value proposition is built on vertical integration, offering car dealer websites, garage management software, and used car inventory systems to over 1,000 clients, including major automotive partners. Strategically, Dragon2000 operates as a mission-critical digital partner for independent dealers and large automotive groups across the UK. By automating administrative workflows and integrating sales data with back-office accounting, the firm enables motor traders to enhance operational efficiency and digital customer engagement in a highly competitive retail environment.

Ent. Value

€20–50M

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
€5–25M
[members only]
[members only]
2023
€5–25M
[members only]
[members only]

Other operations with Groupe Lacour

Other operations with Groupe Lacour
DateAcquirerTargetCountrySector
10/2025GROUPE LACOURPROGERITALYAutomotive
01/2023THE CARLYLE GROUPGROUPE LACOURFRANCEAutomotive

Similar deals in Software

Similar deals in Software
DateAcquirerTargetCountrySector
11/2024SOGELINKNETISYSFRANCEIndustry-Specific Software
11/2024NORDIC CAPITALANAQUAUNITED STATESIndustry-Specific Software
10/2024SAGARDFUTUR MASTERFRANCESupply Chain & Ops
10/2024VERALTO CORPORATIONTRACEGAINSUNITED STATESIndustry-Specific Software
10/2024SESA GROUPSMART ENGINEERINGGERMANYEngineering & Design Software
10/2024TOMRAC-TRACEGERMANYIndustry-Specific Software
10/2024VAISALANEVIS TECHNOLOGYUNITED KINGDOMIndustry-Specific Software
10/2024CARASENTDATA-ALGERMANYHealthcare
10/2024CAPZAJVS GROUPFRANCEIndustry-Specific Software
10/2024BONNIER CAPITALVERTISEITSWEDENMarTech

REFERENCES

Valuation range: EV €20–50M

Revenue range: €5–25M

EV/Revenue range: 2x - 6x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Dragon2000 by Groupe Lacour are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: groupe lacour

FAQ

What transaction does this page cover?

This page covers Groupe Lacour’s acquisition of 100% of Dragon2000, a British company specialised in Industry-Specific Software, in 2024.

How was the acquisition of Dragon2000 by Groupe Lacour valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €20–50M band and its EV/revenue multiple within the 2x - 6x range. Exact figures are available to members.

What was Dragon2000’s revenue at the time of the deal?

At the time of the transaction, Dragon2000’s annual revenue was estimated within the €5–25M range (FY 2024). Detailed financial figures are available to members.

How does the valuation of Dragon2000 compare to benchmarks in the TMT (Tech, Media, Telecom) sector?

Transaction multiples for this specific deal are exclusively reserved for mynth members. Nevertheless, transactions tracked by mynth in this sector reveal an average benchmark multiple of 16.1x EBITDA during 2024.

What sources support the information on this transaction?

Information on this transaction is supported by three corroborating sources: an official corporate announcement published by the parties, independent reporting from specialized financial publications, as well as a private document shared by the community and verified by the mynth team to ensure the accuracy of the shared information.

What is mynth?

mynth is the first free M&A database dedicated to Small & Mid-Cap transactions. We centralize Enterprise Values, revenue multiples, EBITDA multiples and transaction financials that are typically locked behind five-figure subscriptions on platforms like Capital IQ or Mergermarket. On mynth, searching and browsing deals is completely free. Our mission is simple: make professional-grade valuation intelligence accessible to every M&A advisor, independent consultant, Private Equity professional and student, without the burden of expensive annual licenses.