PE Today: Enterprise Software, Printed Materials and Lighting Fixtures
HKW leads Series A for Draup, while Radial Equity and CORE Industrial Partners each announce new acquisitions.
Read the top headlines from Tuesday, March 22, 2022 below:
HKW Leads Series A for AI Sales and Talent Software Business Draup
Artificial intelligence platform Draup announced Tuesday (March 22) the close of its Series A investment round led by middle-market private equity firm HKW. The institutional financing will help the B2B software company expand its product offering and support its mission to become a leader in enterprise sales and talent intelligence. In a statement, Draup CEO and co-founder Vijay Swaminathan said HKW “will allow us to learn and deploy the funds towards the most customer value-generating outcomes.” Draup did not reveal how much it raised.
Related content: How Middle-Market Digital Transformation Creates New Investment Opportunities for Private Equity
Radial Equity Partners Announces Add-On Acquisitions to Printed Materials PortCo
Radial Equity Partners announced Tuesday that it has made two add-on acquisitions to expand its printed materials and packaging portfolio company Lewisburg Printing Company (LPC). A press release said Huston Patterson and its specialty products division Sigma Graphics have merged with LPC. Financial terms of the acquisitions were not disclosed. Radial Equity Partners, which targets the middle-market, made the investments as part of its broader growth strategy in the packaging industry, the press release noted.
CORE Industrial Partners Expands Lighting Fixture Portfolio Company
CORE Industrial Partners announced two acquisitions in the lighting fixture arena to join its portfolio company Saylite, according to a press release. Saylite has acquired Southern Lighting Gallery and Charleston Lighting and Interiors, collectively known as SLG. CORE senior partner and Saylite chairman Frank Papa said the takeover of SLG will allow the company to learn from Saylite’s showroom best practices.
