Funds advised by Apax Partners agreed to acquire Cadence Education, a provider of early childhood education in North America, from Morgan Stanley Capital Partners. Financial terms were not disclosed. "We look forward to working with Dave and the Cadence Education team to continue to execute the strategy that has established the company as a leader in the early childhood education space. Cadence Education’s focus on children and parents delivers industry-leading customer satisfaction which, in combination with a highly-skilled team, positions the company for continued growth," Nick Hartman, Apax Partners Partner.