MTI Corporate Finance takes an equity stake in Copyline – The Annual Report Specialist

COLOMBO, Sri Lanka - April 28, 2013 - PRLog -- Sri Lanka's ‘Award winning’ Annual Report Specialist – Copyline (Pvt) Ltd -  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 2-3 year period.

The share purchase agreement and the strategic alliance MOU was signed in Sri Lanka this week, with the attendance of Copyline Chairman Mr. Mano Tittawella and MTI Chief Executive Mr Hilmy Cader.

Copyline is an ‘Award Winning’ Design and Print House, established in 1991, specializing 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.

"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 conceptualizing and development of responsible Annual Reports and Corporate Profiles" said MTI Chief Mr. Hilmy Cader.

Commenting on the rationale for the alliance, Mr. Mano Tittawella, Chairman Copyline said "MTI is the Sri Lanka's dominant player in strategy consulting and also has an 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. "

Ms. Anjum Cader – Chief Executive Officer of Copyline 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.”