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  6. Summit Partners Acquires FineLine Technologies

M&A Deal Summary

Summit Partners Acquires FineLine Technologies

On November 16, 2016, growth capital firm Summit Partners acquired information technology company FineLine Technologies from Chicago Growth Partners

Acquisition Highlights
  • This is Summit Partners’ 25th transaction in the Information Technology sector.
  • This is Summit Partners’ 260th transaction in the United States.
  • This is Summit Partners’ 9th transaction in Georgia.
Investment Fate
  • FineLine Technologies was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2016-11-16
Target FineLine Technologies
Sector Information Technology
Buyer(s) Summit Partners
Sellers(s) Chicago Growth Partners
Deal Type Recapitalization

Target

FineLine Technologies

Norcross, Georgia, United States
FineLine Technologies provides customizable branded, barcoded, and RFID integrated labels, tags and badges for supply chain, omnichannel fulfillment, POS, access control, and consumer engagement needs. FineLine produces billions of tickets annually, processing data quickly and securely, printing high-quality graphics and scannable barcodes, encoding UHF and HF RFID, with global delivery within six business days, and online tracking, order detail, and analytics to help our customers manage their business. FineLine Technologies was founded in 1998 and is based in Norcross, Georgia.

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Buyer(S) 1

Buyer

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 298 of 388
Sector (Information Technology) 25 of 40
Type (Recapitalization) 11 of 13
State (Georgia) 9 of 12
Country (United States) 260 of 320
Year (2016) 12 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Grand Design Recreational Vehicle

Middlebury, Indiana, United States

Grand Design Recreational Vehicle Co. is a manufacturer of towable recreation vehicles (RVs). Grand Design has shipped 25,000 units and has sold over 21,000 units at retail. Grand Design manufactures the market leading Reflection fifth wheel and travel trailer, flagship Solitude extended stay fifth wheel, luxury Momentum toy hauler and lightweight Imagine travel trailer product lines.

Sell $500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-09 IVC Evidensia

Bristol , United Kingdom

IVC Evidensia is a diversified vet services platform, an extensive network of clinics/hospitals, and comprehensive pet e-commerce and telemedicine offerings. IVC Evidensia was founded in 2011 and is based in Bristol, United Kingdom.

Sell -

Seller(S) 1

SELLER

Chicago Growth Partners

Chicago, Illinois, United States
Category Growth Capital Firm
Founded 2004
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Chicago Growth Partners LLC (CGP) was a Chicago-based based private equity firm that provided expansion and buyout capital to middle-market companies generating sales of $15 to $150 million. CGP sought to invest in business services, consumer services, healthcare products/services, and industrial companies. CGP was formed in 2004 as a spin-off of William Blair Capital Partners, the investment group of investment bank William Blair. In 2014, the Firm ceased operations.

DEAL STATS #
Overall 29 of 34
Sector (Information Technology) 3 of 4
Type (Recapitalization) 2 of 2
State (Georgia) 2 of 2
Country (United States) 26 of 31
Year (2016) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-20 CellCarta

Montreal, Quebec, Canada

CellCarta is a provider of specialized precision medicine laboratory services to the biopharmaceutical industry. Leveraging its integrated analytical platforms in immunology, histopathology, proteomics and genomics, as well as related specimen collection and logistics services, CellCarta supports the entire drug development cycle, from discovery to late-stage clinical trials. CellCarta was founded in 2000 and is based in Montreal, Quebec.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 ScribeAmerica

Aventura, Florida, United States

ScribeAmerica LLC is a provider of managed medical scribe services to the healthcare industry. ScribeAmerica offers turnkey professional medical scribe programs within which it recruits, qualifies, hires, trains, and manages scribes for a wide variety of medical settings.

Sell -
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