Cooper Parry completes ‘transformational’ private equity deal

Cooper Parry (CP) has completed its investment partnership with funds managed by New York-based Lee Equity Partners.

The Castle Donington firm says the deal, which it says is unique in the global accountancy market, will help it deliver “further transformational growth” across accountancy, wealth management, law and digital transformation and will accelerate its pace of organic growth and acquisitions.

CP has completed and integrated 12 deals over the past two years. The firm operates fromfive offices across the UK – Midlands (East &West), London, Thames Valley and Manchester.

Turnover has grown four-fold over the last two years to £185m with organic growth exceeding 24% annually over the prior three years. CP’s revenue is forecast to hit £600m by 2028 and surpass £1bn by 2030.

Ade Cheatham, CEO, Cooper Parry, said: “It’s great to have the Lee Equity team on board. As we’ve dug deep into the detail to shift from exchange to completion, it’s been so clear that we’re all on the same page. Danny and the team’s can-do attitude, professionalism and collaborative approach have shone through. We’re culturally aligned, share the same ambitious mindset and can’t wait to propel further growth over the next five years.

“As CP creates the next gen professional services group – shaking up accountancy, wealth management, law and digital transformation in the process – we’ll continue expanding our reach across the UK and internationally. Our vision for 2030 is super focused – and our talented team of 1,600-plus people are primed to keep delivering our award-winning client experience. Exciting times.”

Danny Rodriguez, partner, Lee Equity, added: “We are thrilled to officially cement our partnership with Cooper Parry. From the first time we met the CP team, we were drawn to the firm’s exceptional leadership, standout growth profile, and differentiated approach to M&A and client service.

“Throughout the process, our conviction in Cooper Parry’s potential has only strengthened. Their entrepreneurial culture, innovative mindset, and client-first ethos are exactly what we look for in a partner. We’re excited to now be fully on board and look forward to supporting Ade and the entire team in this exciting next chapter of growth.”