TVC Holdings, the holding company for Trinity Venture Capital, has sold its stake in a specialist technology company to Intel for $21m.
Newly listed TVC Holdings said today it has agreed to sell its interest in Telekinesys Research (trading as 'Havok') as part of the sale of Havok to Intel for $100m.
Havok provides middleware and interactive animation software and services for digital media creators in the games and movie industries.
The board of TVC Holdings is headed by executive chairman Shane Reihill, who founded the company in 1997.
Speaking today Mr Reihill said: 'We are pleased to announce this deal, which is a successful exit at a fair price'.
In July TVC began trading on the Irish Stock Exchange's IEX market for small and medium-sized companies.
The company recently bought 11 Irish hotels from Choice Hotels Ireland.
Most of its portfolio is in the technology sector, and it has two main venture capital funds.
TVC shares closed up 6% at €1.25 in Dublin this evening.
