Apax Partners Acquires Cadence Education from Morgan Stanley Capital Partners
February 13, 2020
Funds advised by Apax Partners have agreed to acquire Cadence Education, a US-based operator of more than 225 private preschools across 40+ brands, from funds managed by Morgan Stanley Capital Partners for an undisclosed sum. Apax said it will support Cadence's management team to continue growth through strategic acquisitions and expansion of operational capabilities; the transaction was expected to close in March 2020.
- Buyers
- Funds advised by Apax Partners
- Targets
- Cadence Education
- Sellers
- Funds advised by Morgan Stanley Capital Partners
- Industry
- Education
- Location
- Arizona, United States
- Transaction Type
- Buyout
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