Carlyle takes majority stake in Lacour in latest automotive industry play

Lacour provides software solutions for the automotive after-sales industry.

  • Carlyle Europe Technology platform to support the firm’s growth
  • Lacour has more than 6,000 customers
  • Carlyle plans to internationalise the business, with a focus on Europe

Carlyle has agreed to sign a majority stake in Groupe Lacour, a French software provider for automotive after-sales value chain.

Lacour, with more than 300 employees and a customer base of over 6,000 clients, is headquartered in Saint-Doulchard. It provides software solutions with a suite of products supporting vehicle repair and maintenance, including document management systems, costing solutions and parts databases.

Further details and terms of the transaction were not disclosed. The agreement is conditional upon regulatory and works council approvals.

The Carlyle Europe Technology Partners (CETP) platform plans to partner with management to enter existing and new market segments, and internationalise the business, mainly in Europe.

Carlyle has made other investments in the automobile and supporting software sectors including Autoform, Metrologic Group, Axalta, Allison Transmission, United Components Inc and Tempo Participações.

Additionally, Carlyle bought a majority stake in TESCAN ORSAY, a manufacturer of electron microscopes and other scientific instruments, in December.

The CETP team also announced investments in ETC Group, Incubeta, and Hack The Box.

Carlyle, a global investment firm headquartered in Washington DC, managed $369 billion of assets as of 30 September.