MTI Corporate Finance takes an equity stake in annual report firm Copyline

Monday, 29 April 2013 02:53 - - {{hitsCtrl.values.hits}}

Strategic alliance to tap international markets and optimise local synergies

Sri Lanka’s award winning annual report specialist Copyline, has announced a share purchase agreement and the formation of a strategic alliance with MTI Corporate Finance. This includes MTI initially taking a minority equity stake in Copyline, with a time bound plan to scale the investment up to 35%, over a two to three year period. The share purchase agreement and the strategic alliance MOU was signed in Sri Lanka this week, with the attendance of Copyline Chairman Mano Tittawella and MTI Chief Executive Hilmy Cader.

Copyline is an award winning design and print house, established in 1991, specialising in annual reports and a diverse range of printed material, while being a total solutions provider for all publishing needs. Copyline has been providing the best combination of design and service, with the best mix of people for the job and the team is the best blend of creativity and hard work.

Cader said that, “MTI is looking to develop a multitude of professional services businesses in Sri Lanka, with the ultimate intent of taking it public and thus providing the Sri Lankan Investor an opportunity to invest in professional services. Our strategic alliance with an investment in Copyline is our first step in entering such professional services via the M&A route.

“Copyline has an exceptionally strong track record in the Sri Lankan market, a growing blue-chip clientele and strong capabilities in the conceptualising and development of responsible annual reports and corporate profiles.”

Commenting on the rationale for the alliance, Copyline Chairman Mano Tittawella said: “MTI is the Sri Lanka’s dominant player in strategy consulting and also has a fast growing international network. Given Copyline’s capabilities, we see some strong synergies in the local and international market. We also hope to benefit from MTI’s strategy capabilities in further sharpening our business development and operational efficiencies.”

Copyline Chief Executive Officer Anjum Cader stated: “I look forward to this new venture between Copyline and MTI, as they complement each other, which I believe will give our clients comprehensive and enhanced products and services, which is what this partnership is all about.”