FountainVest, CPE Are Said to Near $600 Million SML Acquisition

FountainVest Partners and CPE, two private equity firms, are reportedly close to acquiring SML Group Ltd., a provider of RFID and brand identification services, in a deal valued at over $600 million. The acquisition, which is still being negotiated, would see the two private equity firms jointly purchase SML Group. SML Group is a prominent player in the RFID and brand identification market, offering a range of services to its clients. The potential deal highlights the ongoing interest in the RFID and brand identification sector, as companies seek to enhance their supply chain management and product traceability capabilities. The acquisition, if finalized, would provide FountainVest and CPE with a significant presence in this growing market. While the details of the agreement are still being finalized, the reported $600 million valuation suggests that SML Group is seen as a valuable asset in the industry. The transaction is expected to be completed in the near future, subject to the necessary approvals and negotiations.