At what enterprise value was PEARLTREES acquired in 2026?

During the acquisition of PEARLTREES by ISALT / RAISE in 2026, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 50M - 150M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Retail & Consumer industry currently tracks an average EBITDA multiple of 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of PEARLTREES when it was acquired by ISALT / RAISE?

The exact EV/EBITDA multiple for PEARLTREES is available on mynth capital. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

When was PEARLTREES acquired by ISALT / RAISE?

PEARLTREES was acquired by ISALT / RAISE in 2026.

What was the revenue of PEARLTREES at the time of the deal?

The revenue of PEARLTREES at the time of the deal is estimated to be in the range of 5M - 25M EUR. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the PEARLTREES acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the PEARLTREES deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.raise.co/blog-post/pearltrees-x-impact

← DATABASE

Home Database Retail & ConsumerPEARLTREES

06/2026

ISALT & RAISE take majority stake in PEARLTREES

FRANCE Education / EdTech & Content EV 50M - 150M EUR

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 LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Retail & Consumer sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Retail & Consumer market trends

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2026

2025

Similar deals in Retail & Consumer

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
03/2026	RESILIENCE PARTNERS	EUDE BUSINESS SCHOOL	SPAIN	Education	Resilience Partners, alongside a group of private investors, has acquired a majority stake in EUDE Business School through the "Doceo Continuation Vehicle." Arcano served as the exclusive financial advisor to EUDE on the transaction
02/2026	SOFATUTOR	SCHOOLMOUV	FRANCE	Education	Berlin-based EdTech leader sofatutor has completed the full acquisition of its French peer SchoolMouv, marking its inaugural international acquisition. The transaction is a strategic milestone in sofatutor's evolution from a regional German-language provider into a diversified European education group
02/2026	ECI PARTNERS	PARAGIN GROUP	NETHERLANDS	Education	This transaction represents a secondary leveraged buyout wherein ECI Partners acquires a controlling majority stake in Paragin Group. The operation successfully orchestrates a full realization and complete exit for the historical financial sponsor, Main Capital Partners, which had robustly scaled the enterprise during its tenure
12/2025	LUMI GRUPPEN	EDRUPT	NORWAY	Education	Lumi Gruppen acquired 100% of the shares in Edrupt Holding AS to accelerate its transition into an AI-based education technology provider. The transaction is structured with an upfront cash payment of NOK 71
11/2025	SWISS LIFE ASSET MANAGERS	EDUCARE	SPAIN	Education	Swiss Life Asset Managers has acquired a 75% stake in Educare, a leading Spanish private education group, from Alma Terra Mater and the company's founder. Operating eight schools with 10,000 students, Educare will benefit from this long-term infrastructure partnership to consolidate its market position
10/2025	CVC	INTERNATIONAL SCHOOLS PARTNERSHIP	UNITED KINGDOM	Education	CVC Strategic Opportunities has agreed to acquire a significant minority stake in International Schools Partnership (ISP), a leading global K-12 school platform. This transaction introduces CVC as a new strategic partner to support the company's next phase of growth
09/2025	DUKES EDUCATION	THAMES BRITISH SCHOOL	POLAND	Education	Dukes Education, a leading independent education provider, has acquired Thames British School, marking a significant expansion of its European footprint into Poland. This strategic move aligns with Dukes' mission to grow its family of schools across the continent, which already includes institutions in the UK, Spain, Portugal, Switzerland, and several other countries
05/2025	AMUNDI PRIVATE EQUITY / ARKEA CAPITAL / BNP PARIBAS DEVELOPPEMENT	EDUSERVICES	FRANCE	Education	Eduservices completed its fifth LBO, bringing in a new pool of minority financial investors led by Amundi PEF, alongside Arkea Capital and BNP Paribas Developpement. The founder and his family retain a strong majority stake (~75%), while the new investors acquire approximately 20%
05/2025	PEUGEOT INVEST	NOVETUDE SANTE	FRANCE	Education	Peugeot Invest and Hayfim acquires a majority stake in Novetude Sante from Latour Capital. This secondary LBO values the education group at nearly EUR750 million. Under Charterhouse's ownership, the group significantly expanded through buy-and-build strategies
12/2024	ANDERA PARTNERS	GROUPE IEF2I	FRANCE	Education	IEF2I Education has completed a new buy-out led by its founder in partnership with Andera Acto. The transaction was structured as a sponsorless deal, allowing the founder to significantly strengthen her majority control

REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 5M - 25M EUR

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: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: pearltrees

Acquirer: isalt / raise