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06/2026Majority

Isalt & Raise take majority stake in Pearltrees

FRANCE Education / EdTech & Content EV €50–150M

Context

Isalt and Raise Impact have entered into an agreement to acquire a majority stake in Pearltrees, a leading French educational software publisher. The transaction involves the acquisition of 77% of the company's capital, split between Isalt's Strategic Transition Fund, which will hold 46%, and Raise Impact II, which will take a 31% stake. The five co-founders of Pearltrees will collectively retain the remaining equity and continue to be fully involved in the company's development. This deal enables the complete exit of the company's historical financial shareholders, comprising primarily business angels and family offices that have been invested since the early stages of development. The transaction is complemented by a bank financing package to support the acquisition and future growth initiatives. The investment is driven by several strategic factors, including Pearltrees' strong position in the digital education market, the widespread adoption of its platform in French schools, and its ability to develop proprietary technologies tailored to the education sector's needs. The company also benefits from a unique value proposition centered around digital sovereignty and the application of artificial intelligence in education. The post-acquisition roadmap aims to accelerate technological investments, particularly in the development of agent-based artificial intelligence features for teachers.

Pearltrees, which reported an EBITDA margin of [members only] in 2026, is valued in this transaction at an EV/EBITDA multiple of [members only].

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Target

Pearltrees is a French educational software publisher specializing in digital solutions for secondary schools. Founded in 2007, the company has developed a collaborative platform that enables teachers to create, organize, and share interactive educational resources through a structured content system called "pearls." This approach streamlines the design of customized lessons, access to educational resources, and tracking of student progress within a unified digital environment. Over the years, Pearltrees has established itself as a leading player in the French EdTech sector. Its platform is currently used by approximately 1.5 million students and teachers and is deployed in over 2,000 schools. The company also claims a strong presence in the secondary education sector, where its solutions are integrated into the daily routines of a significant proportion of teachers and students.

Ent. Value

€50–150M

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2026
€5–25M
[members only]
[members only]
2025
€5–25M
[members only]
[members only]

Other operations with Isalt / Raise

Other operations with Isalt / Raise
DateAcquirerTargetCountrySector
05/2021GROUPE IDI / RAISETALIS EDUCATION GROUPFRANCEEducation Providers
10/2020EURAZEO / IK PARTNERS / RAISEQUESTEL GROUPFRANCEIndustry-Specific Software
07/2019RAISEAVISA PARTNERSFRANCEConsulting & Audit
06/2016BRIDGEPOINT / RAISE / FLEXSTONE PARTNERSACTEONFRANCEMedical Devices
06/2015RAISEQUESTEL GROUPFRANCEIndustry-Specific Software

Similar deals in Education

Similar deals in Education
DateAcquirerTargetCountrySector
09/2026COMMITTED ADVISORSCONSTELLATION ACADEMYLUXEMBOURGEducation Providers
03/2026RESILIENCE PARTNERSEUDE BUSINESS SCHOOLSPAINEducation Providers
02/2026SOFATUTORSCHOOLMOUVFRANCEEdTech & Content
02/2026ECI PARTNERSPARAGIN GROUPNETHERLANDSEdTech & Content
12/2025LUMI GRUPPENEDRUPTNORWAYEdTech & Content
11/2025SWISS LIFE ASSET MANAGERSEDUCARESPAINEducation Providers
10/2025CVCINTERNATIONAL SCHOOLS PARTNERSHIPUNITED KINGDOMEducation Providers
09/2025DUKES EDUCATIONTHAMES BRITISH SCHOOLPOLANDEducation Providers
05/2025PEUGEOT INVESTNOVETUDE SANTEFRANCEEducation Providers
05/2025AMUNDI PRIVATE EQUITY / ARKEA CAPITAL / BNP PARIBAS DEVELOPPEMENTEDUSERVICESFRANCEEducation Providers

REFERENCES

Valuation range: EV €50–150M

Revenue range: €5–25M

EV/Revenue range: 2x - 6x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Pearltrees by Isalt / Raise are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: pearltrees

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Pearltrees, a French company specialised in EdTech & Content, by Isalt and Raise in 2026.

How was the acquisition of Pearltrees by Isalt valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €50–150M band and its EV/revenue multiple within the 2x - 6x range. Exact figures are available to members.

What was Pearltrees’s revenue at the time of the deal?

At the time of the transaction, Pearltrees’s annual revenue was estimated within the €5–25M range (FY 2026). Detailed financial figures are available to members.

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

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