Bob Evanson, who recently stepped down as president of McGraw-Hill Education, has joined Apax Partners as a senior adviser. Apax is a private equity-investment group that manages $12 billion on behalf of institutional investors worldwide. Media is one of the six industry segments in which Apax operates, although its investments to date have been mostly in high-tech companies including Deutsche Telekom and the Future Network.

According to the company, Evanson's appointment reinforces its strategy of working with executives with extensive operational experience to identify opportunities with high growth potential. Evanson will be based in Apax's New York office.