MTI Corporate Finance takes a stake in Copyline
Copyline (Pvt) Ltd has formed an alliance with MTI Corporate Finance
through a share purchase agreement.
MTI will initially take a minority equity stake in Copyline, with a
time bound plan to scale the investment up to 35%, over a 2-3 year
The MoU was signed last week by Copyline Chairman, Mano Tittawella
and MTI Chief Executive, Hilmy Cader.
Copyline set up in 1991, specialises in annual reports and a diverse
range of printed material, while providing solutions for all publishing
"MTI hopes to develop a multitude of professional services businesses
in Sri Lanka, to provide the Sri Lankan investor an opportunity to
invest in professional services. Our strategic investment in Copyline,
is our first step in entering such professional services through the
Mergers and Acquisitions route," said MTI Chief Hilmy Cader.
Copyline has a strong track record in the Sri Lankan market, a
growing bluechip clientele and strong capabilities in the
conceptualising and development of responsible annual reports and
corporate profiles," he said.
Chairman, Copyline, Mano Tittawella said, "MTI is a dominant player
in strategy consulting and also has a fast growing international
"Given Copyline's capabilities, we see some strong synergies in the
local and international market," he said.
"We also hope to benefit from MTI's strategic capabilities in
sharpening our business development and operational efficiencies,"