Funds advised by Apax Partners reported that they have reached an agreement to buy Cadence Education from investment funds managed by Morgan Stanley Capital Partners. Cadence Education is a leading provider of early childhood education in North America with over 27 years in the business. .
Apax reports that the investment will allow Cadence Education to continue its strong growth trajectory including strategic acquisitions and extending core operating capability. Financial terms of the transaction were not disclosed.
Cadence Education supports families and children through a network of over 40 products, including the company’s signature brand Cadence Academy, with more than 225 private preschools.
The Apax Funds acquisition will help Cadence Education in maintaining its remarkable development trend through strategic investments and growing key operating capability.