FountainVest and CPE completed the acquisition of a minority stake in SML Group.

FountainVest and CPE, private equity firms, completed the acquisition of a minority stake in SML Group, a provider of RFID solutions. Financial terms were not disclosed. “We have been following SML for many years, and see tremendous potential in SML’s ongoing transformation. As a founder-led company with an agile, entrepreneurial spirit, SML’s culture of innovation and collaboration reflects values we deeply believe in – integrity, teamwork, and forward-thinking. FountainVest has a deep network across the consumer, retail and industrial sectors, and we are excited for our collaborative partnership with the leadership team to support the company’s next chapter of growth,” Andrew Huang, FountainVest Managing Director.