Deal Details

L Squared Completes Continuation Vehicle for FineLine

Technology & Services

L Squared single asset continuation vehicle for FineLine

Summary

L Squared Capital Partners LLC (“L Squared” or the “Sponsor”) closed a single asset continuation fund for FineLine Technologies (“FineLine” or the “Company”). The transaction continues L Squared’s ownership of the Company and reaffirms its commitment to support FineLine’s long-term growth strategy. The new continuation fund acquired L Squared Fund I’s stake in FineLine. L Squared also maintains an investment in FineLine through L Squared Fund III, alongside the funds affiliated with Leonard Green & Partners, L.P.

The transaction was co-led by Kline Hill Partners, StepStone Group, Churchill Asset Management and J.P. Morgan Asset Management. The new L Squared continuation fund includes additional capital to support FineLine’s growth initiatives both organically and through strategic acquisitions.

Baird served as exclusive financial advisor to L Squared on this transaction. Baird’s GP Solutions and Technology & Services teams worked in tandem to conduct an efficient and competitive process to achieve the Sponsor’s key objectives.

About

FineLine Technologies is a leading provider of data-driven labeling, RFID tagging and barcoding solutions for retail and other verticals. FineLine partners with brands, retailers and suppliers worldwide to streamline inventory and improve operational efficiency through innovative labeling and RFID technology. Founded in 1998, FineLine operates globally, supporting clients with a customer-focused approach and state-of-the-art printing facilities. FineLine is headquartered in Norcross, Georgia.

L Squared Capital Partners LLC is a private equity investment firm with over $2 billion of equity commitments under management that seeks to make long-term investments in leading growth companies that operate in targeted sectors: Education Technology, Tech-Enabled Services & Software and Industrial Technology & Services. L Squared’s unique investor base of family offices and institutions enables the firm to focus on long-term value creation driven by revenue and earnings growth, not financial engineering, or market timing. The principals of L Squared have worked together for over 15 years and have over 125 years of combined experience investing in growing private companies. L Squared is headquartered in Newport Beach, California.

Technology & Services

L Squared single asset continuation vehicle for FineLine