| Client: | Mr. Nirmal Madanayake Sole shareholder of Atlas Axillia |
| Target: | Atlas Axillia Sri Lanka’s leading distributor and manufacturer of stationery with ~50% market share |
| Acquirer: | Hemas Holdings PLC Large listed Sri Lankan conglomerate operating in FMCG, healthcare, logistics and leisure |
| Deal Size: | US$ 38m (Enterprise Value: US$ 51m) |
| Context: | The sole shareholder decided to divest Atlas Axillia and engaged a local investment bank in 2015. This process did not yield a successful transaction. Consequently, Asia Securities was engaged in March 2017 and concluded the transaction in January 2018 |
| Asia Securities’ Role | Exclusive sell side advisor, managing all aspects of the transaction, including buyer targeting, diligence, negotiations and closing |
| Transaction Strategy | A targeted solicitation based on a deep understanding of the buyer’s FMCG focus and acquisitive ability |
| Transaction outcome |
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