Cooper Parry Partners with Lee Equity in Landmark Investment Deal

Cooper Parry, a prominent UK-based provider of accounting and business advisory services, has announced a new strategic partnership with Lee Equity Partners, a New York-based private equity firm, marking a crucial phase in its transformative growth journey. Lee Equity will succeed Waterland Private Equity as Cooper Parry's capital partner after supporting the firm's growth and acquisitions strategy over the past two years. This partnership aims to capitalize on Cooper Parry's fast-paced expansion, which has seen the firm multiply its turnover by four and integrate multiple strategic acquisitions, including Haines Watts London and Cloud Orca. With a unique and tech-enabled service delivery model, Cooper Parry aims to create the next-generation professional services group in the UK. The firm is celebrated for its rebellious and entrepreneurial culture, housing 1,450 employees, and stands as the largest UK accountancy firm with B Corp status. Lee Equity's investment, supported by Arcmont Asset Management's credit facility, aligns with the firm's vision to propel its growth further over the next five years, citing strong cultural and strategic alignment. As one of the largest deals in the global accountancy market, the transaction is expected to close in early 2025, pending regulatory approval, though specific terms remain undisclosed.