PE Today: Business Software, Printed Materials and Lighting

Read the top headlines from Tuesday, March 22, 2022 below:

HKW Leads Series A for AI Sales and Talent Management Software Enterprise Project

Artificial intelligence platform Draup announced on Tuesday (March 22) the close of its Series A investment round led by mid-market private equity firm HKW. The institutional funding will help the B2B software company expand its product offerings 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 enable us to learn and deploy funds towards the most value-driving outcomes for clients.” Draup did not reveal how much he had raised.

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Radial Equity Partners announces complementary acquisitions to Printed Materials PortCo

Radial Equity Partners announced on Tuesday that it has completed two additional acquisitions to expand its Lewisburg Printing Company (LPC) printed materials and packaging portfolio. A press release indicates that 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 said.

CORE Industrial Partners expands its luminaire portfolio

CORE Industrial Partners has announced two lighting acquisitions to join its portfolio company Saylite, according to a press release. Saylite acquired Southern Lighting Gallery and Charleston Lighting and Interiors, collectively known as SLG. CORE Senior Partner and Saylite President Frank Papa said the SLG buyout will allow the company to learn from Saylite’s showroom best practices.