Apax Partners’s Acquisition of Cadence Education


Debevoise & Plimpton LLP served as legal advisor, and William Blair and Lazard Middle Market served as financial advisors to Morgan Stanley Capital Partners. Simpson Thacher & Bartlett LLP served as legal advisor to Apax Partners.

Apax Partners entered into an agreement to acquire Cadence Education 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.

Apax Partners is a leading global private equity advisory firm. Over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of c.$50 billion.

Morgan Stanley Capital Partners, part of Morgan Stanley Investment Management, is a leading middle-market private equity platform that has invested capital in a broad spectrum of industries for over three decades.

The Debevoise team was led by M&A partner Uri Herzberg and includes M&A associates Shlomo Fischer, Emily Huang, James Malmo and Ethan McMahon, tax partner Rafael Kariyev and associate Robert Nelson-Sullivan, benefits partner Meir Katz and associate David Deutsch and intellectual property counsel Judith Church and associate Benjamin Sundholm.

The Simpson Thacher team included Ryerson Symons, Michael T. Holick (Picture), Sung Jin, Adrian Zhang and Brian Kloeblen (M&A); Rob Holo, Sophie Staples and Suzy Yaster (Tax); Brian Robbins, Patricia Adams and Caitlin Fitzgerald (Executive Compensation and Employee Benefits); Adam Shapiro and Patrick Wolff (Credit); Michael Isby (Environmental); Lori Lesser and Corina McIntyre (IP); and Steven DeLott (Insurance).

Involved fees earner: Judith Church – Debevoise & Plimpton; David Deutsch – Debevoise & Plimpton; Uri Herzberg – Debevoise & Plimpton; Emily Huang – Debevoise & Plimpton; Rafael Kariyev – Debevoise & Plimpton; Meir Katz – Debevoise & Plimpton; Ethan Lee McMahon – Debevoise & Plimpton; James Malmo – Debevoise & Plimpton; Robert Nelson-Sullivan – Debevoise & Plimpton; Benjamin Sundholm – Debevoise & Plimpton; Patricia Adams – Simpson Thacher & Bartlett; Steven DeLott – Simpson Thacher & Bartlett; Caitlin Fitzgerald – Simpson Thacher & Bartlett; Michael Holick – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Sung Jin – Simpson Thacher & Bartlett; Brian Kloeblen – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Corina McIntyre – Simpson Thacher & Bartlett; Brian Robbins – Simpson Thacher & Bartlett; Adam Shapiro – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett; Ryerson Symons – Simpson Thacher & Bartlett; Patrick Wolff – Simpson Thacher & Bartlett; Susan Yaster – Simpson Thacher & Bartlett;

Law Firms: Debevoise & Plimpton; Simpson Thacher & Bartlett;

Clients: Apax Partners; Morgan Stanley Capital Partners;

Author: Ambrogio Visconti