Funds Advised by Apax Partners to Acquire Cadence Education
02.12.20
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Simpson Thacher is representing funds advised by Apax Partners in connection with their agreement to acquire Cadence Education, a leading provider of childhood education in North America, from investment funds managed by Morgan Stanley Capital Partners. The transaction is expected to be completed in March 2020. Financial terms of the transaction were not disclosed.
Cadence Education is one of the premier early childhood educators in the United States, operating more than 225 private preschools across the country. With more than 27 years in business, Cadence has developed an unparalleled expertise in preparing students to thrive in the next step of their childhood. Cadence Education provides parents with peace of mind by giving children an exceptional education every fun-filled day in a place as nurturing as home.
The Simpson Thacher team includes Ryerson Symons, Michael T. Holick, Sung Jin, Adrian Zhang and Brian Kloeblen (M&A); Sophie Staples and Suzy Yaster (Tax); Brian Robbins, Patricia Adams and Caitlin Fitzgerald (Executive Compensation and Employee Benefits); Patrick Wolff (Credit); Michael Isby (Environmental); Lori Lesser and Corina McIntyre (IP); and Steven DeLott (Insurance).