Eci Partners takes majority stake in Paragin Group

NETHERLANDS Education / EdTech & Content REV €5–25M

Context

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. Crucially, the incumbent executive management team of Paragin Group is significantly reinvesting to retain a substantial minority stake, ensuring total strategic alignment and operational continuity. The newly formed partnership is explicitly designed to heavily finance the target's next major phase of international growth and fuel ongoing consolidation efforts within the global educational technology sector.

Paragin Group, which reported an EBITDA margin of [members only] in 2026, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Retail & Consumer sector (11.8x in 2026).

-> Deep-dive in Retail & Consumer market trends

Target

Paragin Group is a leading provider of exam and assessment software solutions, supporting high-stakes workflows across the entire learner lifecycle. Developing from a domestic market leader into an international player, the enterprise serves a diverse, loyal customer base spanning vocational and higher education, dedicated exam institutions, and commercial education providers worldwide. Its integrated software suite is purpose-built to empower both learners and educators by streamlining complex assessment workflows across the entire learner lifecycle. Supported by a proactive buy-and-build strategy, the firm continuously integrates new capabilities to solidify its market dominance and broaden its accessible, innovative digital learning solutions.

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2026

2025

Similar deals in Education

Similar deals in Education
Date	Acquirer	Target	Country	Sector
06/2026	ISALT / RAISE	PEARLTREES	FRANCE	EdTech & Content
03/2026	RESILIENCE PARTNERS	EUDE BUSINESS SCHOOL	SPAIN	Education Providers
02/2026	SOFATUTOR	SCHOOLMOUV	FRANCE	EdTech & Content
12/2025	LUMI GRUPPEN	EDRUPT	NORWAY	EdTech & Content
11/2025	SWISS LIFE ASSET MANAGERS	EDUCARE	SPAIN	Education Providers
10/2025	CVC	INTERNATIONAL SCHOOLS PARTNERSHIP	UNITED KINGDOM	Education Providers
09/2025	DUKES EDUCATION	THAMES BRITISH SCHOOL	POLAND	Education Providers
05/2025	AMUNDI PRIVATE EQUITY / ARKEA CAPITAL / BNP PARIBAS DEVELOPPEMENT	EDUSERVICES	FRANCE	Education Providers
05/2025	PEUGEOT INVEST	NOVETUDE SANTE	FRANCE	Education Providers
12/2024	ANDERA PARTNERS	GROUPE IEF2I	FRANCE	Education Providers

REFERENCES

Revenue range: REV €5–25M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Paragin Group by Eci Partners 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.

Press release: view release

Target: paragin group

Acquirer: eci partners

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Paragin Group, a Dutch company specialised in EdTech & Content, by Eci Partners in 2026, structured as a leveraged buyout (LBO).

What was Paragin Group’s revenue at the time of the deal?

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

How does the valuation of Paragin Group compare to benchmarks in the Retail & Consumer sector?

Transaction multiples for this specific deal are exclusively reserved for mynth members. Nevertheless, transactions tracked by mynth in this sector reveal an average benchmark multiple of 11.8x EBITDA during 2026.

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.

What is mynth?

mynth is the first free M&A database dedicated to Small & Mid-Cap transactions. We centralize Enterprise Values, revenue multiples, EBITDA multiples and transaction financials that are typically locked behind five-figure subscriptions on platforms like Capital IQ or Mergermarket. On mynth, searching and browsing deals is completely free. Our mission is simple: make professional-grade valuation intelligence accessible to every M&A advisor, independent consultant, Private Equity professional and student, without the burden of expensive annual licenses.