How to implement a rich label in WinForms?

Amazon has an address correction feature and I want to implement something similar.

One problem I ran into is how to create a label that supports different formatting (like in the image).

I could plunk down a browser control or a richtextbox control, but that seems like a massive overkill. Is there something simpler? Ma开发者_JS百科ybe an implementation of RichLabel Lite (I just made this up).