UK-based accounting and business advisory firm Cooper Parry has announced a majority investment from funds managed by Lee Equity Partners.
In 2022, Cooper Parry joined forces with Waterland Private Equity in a strategic partnership targeting a five-fold increase in growth over the next five years.
Lee Equity Partners now takes over from Waterland as Cooper Parry’s capital partner following two years of growth.
Cooper Parry CEO Ade Cheatham said: “This investment marks a monumental milestone in the CP journey, representing one of the largest deals of its kind in the global accountancy market. Following an incredible period of sustainable growth, partnering with Lee Equity Partners is the next level game-changer.
“The scale of this deal will propel us further forward over the next five years, giving us the financial resources to create the UK’s next-gen professional services group.”
Lee Equity partner Danny Rodriguez said: “For over three years, Lee Equity has been in search of the right type of accounting and business advisory services firm to partner with. We’ve found that in Cooper Parry, who has emerged as a market leader in the UK due to their exceptional management team, best-in-class organic growth rates, centralized business development function, and fully integrated approach to M&A.”
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By GlobalDataCooper Parry has successfully completed and integrated 11 transactions in two years.
These include the acquisitions of Haines Watts London and its associated audit and advisory businesses across the South-East, Thames Valley, and the Midlands, as well as UHY Manchester, Cloud Orca, and MacroFin.
This merger and acquisition activity, paired with a client experience and business development, is said to have positioned Cooper Parry at the forefront of market growth.
Their services span a range of sectors including audit, tax, innovation, tech and high growth, outsourced financial services and law, alongside deals – (covering corporate finance, transaction services and tax), digital transformation, and wealth management.
Cooper Parry offers technology-driven specialist services at scale from five superhub locations across the UK, including East Midlands, Birmingham, London, Thames Valley, and Manchester.
The firm’s entrepreneurial leadership and teams aim to support like-minded clients both in the UK and internationally.
