EMC Corporate Finance has completed its second major deal in nine months on behalf of Corona Corporate Solutions Limited (CCS) which is part of the Corona Corporate Group.
The London-based supplier of printers, photocopiers and document management solutions (www.coronacs.com) has, today, announced its acquisition of London Photocopying Company (LPC) of Egham,Surrey, as it continues its buy-and-build strategy.
The deal follows last year’s takeover by CCS of Copylogic Ltd.
The two previous owners, Mr. Stewart Bennett and Mr. Harchand Khurmy, of LPC will be continuing with Corona.
EMC’s Nik Askaroff and Michael Pay led the team advising CCS on both acquisitions. They commented “Corona’s founder, James Stephens, continues to deliver on his very ambitious growth plans and we are delighted to be working with him and his team to help identify potential targets and assist on the deals to a successful conclusion.”
James Stephens said: “EMC’s support is invaluable. They’ve been beside us from the outset. Once again they have demonstrated their professionalism and knowledge in getting a deal done.”
CCS is the fastest growing and dynamic digital solutions providers in the UK – supplying, installing and maintaining MFDs, print management solutions and a full range of telecommunication products and services from market-leading brands.
This new addition to the CCS family enhances the company’s capabilities still further, with a consolidated product and service portfolio which continues to focus on helping organisations improve efficiency, increase productivity and reduce costs.
EMC acted as lead advisers to the Corona Group, legal support was provided by Teacher Stern LLP and Financial Due Diligence by Newman Morris. Howman Solicitors provided legal support to the shareholders of LPC.Back to all news