TVC confident on sales plans

VENTURE capital specialist TVC Holdings – which yesterday announced a return to profitability – remains confident of selling off its non-core investments and realising its aim of building a portfolio of “four core platform investments”.

The company, formerly known as Trinity Venture Capital, yesterday reported pre-tax profits of €28.3 million for the year to the end of March; a significant reverse from a loss of €66.2m for the preceding year.

However, although the company had hoped to radically change its investment portfolio over the past year, the challenging state of the mergers and acquisitions market meant it was unable to do so.