TVC keen to sell smaller holdings

INVESTMENT company TVC Holdings is looking to exit a number of its smaller shareholdings within the next six to 12 months.

Speaking after the company’s annual general meeting at Dublin’s Merrion Hotel, yesterday, TVC’s executive chairman, Shane Reihill said that the firm – formerly known as Trinity Venture Capital – was keen, though not overly reliant, on selling several of its stakes in its portfolio of private technology company investments.

Last month, at the announcement of TVC’s latest set of annual results (the 12 months to the end of last March showed a widening of its pre-tax losses from €20.6m to €58.9m), Mr Reihill said that management was confident of reaching its portfolio target of having four ‘platform’ investments in publicly-quoted companies in the near term, despite inactivity in the investment marketplace.