mynth
01/2023

GROUPE LACOUR acquired by THE CARLYLE GROUP

FRANCE Software / Industry-Specific Software / Automotive REV 50M - 100M EUR

Context

The Carlyle Group has entered into exclusive negotiations to acquire a majority stake in Lacour Group. This marks the first-ever opening of Lacour's capital since its 1985 inception. CEO Angelo Maida will significantly reinvest alongside Carlyle to remain a key stakeholder. The strategic rationale for the transaction is to transform Lacour from a French market leader into a pan-European champion through an aggressive external growth strategy. The deal is supported by a unitranche debt facility provided by Capza. Following the investment, Lacour aims to leverage Carlyle's expertise in software and automotive sectors to conquer adjacent markets and integrate innovative AI-driven features into its SaaS platform, targeting over €50 million in revenue for 2023.

GROUPE LACOUR, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

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

Target

Lacour is a leading European developer of software solutions dedicated to the automotive industry, specifically focusing on dealership management, body shop operations, and repair cost estimation. Following its 2023 LBO by global private equity giant Carlyle, Lacour’s business model has shifted toward a high-velocity "Buy-and-Build" strategy. Its value proposition is based on a comprehensive ecosystem of tools that digitize the entire automotive after-sales lifecycle. Strategically, the group leverages Carlyle’s capital and network to consolidate fragmented European markets, integrating specialized local players to build a unified cross-border platform. With over 450 employees and a strong presence in France, the UK, and Benelux, Lacour aims to become the undisputed European leader in automotive after-sales digitalization.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2023
2022

Other operations with GROUPE LACOUR

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
10/2025GROUPE LACOURPROGERITALYAutomotive
10/2024GROUPE LACOURDRAGON2000UNITED KINGDOMAutomotive

REFERENCES

Revenue range: 50M - 100M EUR

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

Target: groupe lacour

Acquirer: the carlyle group