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 period.

Hilmy Cader

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 needs.

"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 network."

"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," Tittawella said.