GROUPE LACOUR
Acquired by
THE CARLYLE GROUP
GROUPE LACOUR acquired by THE CARLYLE GROUP
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 LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (13.4x).
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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
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with GROUPE LACOUR
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 10/2025 | GROUPE LACOUR | PROGER | ITALY | Software | Lacour has completed the acquisition of the Italian automotive services platform Proger, marking its third major international build-up since Carlyle took control in 2023. The acquisition was financed through an existing unitranche debt facility provided by Capza. The strategic rationale for the deal is to secure a dominant foothold in the Italian market while integrating Proger’s massive "ClipParts" database into Lacour’s broader software suite. This move brings Lacour’s consolidated revenue to approximately €70 million and expands its workforce to 450 people. Following successful entries into the UK and Italy, Lacour is now targeting further expansion into Spain and Germany for 2026 to complete its pan-European footprint. |
| 10/2024 | GROUPE LACOUR | DRAGON2000 | UNITED KINGDOM | Software | 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. |
REFERENCES
Revenue range: 50M - 100M EUR
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Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Target: groupe lacour
Acquirer: the carlyle group