Accel-KKR, a technology-focused private equity firm, has made a significant equity investment in Loftware, a cloud-based enterprise labeling and artwork management services company.
Loftware was founded over 35 years ago and serves over 100,000 customers and 1,000 partners worldwide in more than 100 countries for labeling services. The company’s software looks to help customers design, manage and print labels across the supply chain and drive the accuracy, traceability and compliance of their goods and processes. With this deal, Accel-KKR will join current investor Riverside Partners as backers of Loftware.
“We appreciate the confidence and trust that Loftware and Riverside Partners have placed in us as a financial partner, and we look forward to bringing Accel-KKR’s dedicated resources and supply chain experience to help the company continue to innovate and deliver best-in-class solutions that meet the market’s evolving needs,” states Park Durrett, managing director at Accel-KKR.
DC Advisory and R.W. Baird & Co. acted as financial advisors to Loftware.