TVC looking to build portfolio

TVC HOLDINGS is hopeful that the passing of the end of July deadline for the banks to meet their latest recapitalisation targets will create a more active investment market.

The Dublin-headquartered investment specialist — which owns an 18% stake in UTV and a 29% holding in the Maldron Hotel group — is on the lookout for more opportunities, as it ultimately looks to build a small portfolio of high-profile investments.

The sale of its stakes in Norkom Technologies and APT Licensing, in the past 12 months, has given TVC a warchest of around €30m to play with.