Investment holding company TVC Holdings has reported pre-tax profits of €11.6m for the year to the end of March.
It said that economic conditions continue to be challenging and the volume of investment deals generally remains lower compared to pre-financial crisis levels.
During the year security software firm Norkom was sold to BAE Systems. TVC said it realised cash proceeds of €41.6m from the deal. This represented a gain of €10.9m - a return of 2.8 times the original cost of the deal.
APT Licensing was also sold last year to CSR, which realised proceeds of up to €1.2m for TVC.
The company said it had net assets of €106m and no debt by the end of March.
Its cash and its quoted investment in UTV represents 91% of its net asset value, while four unquoted investments make up most of the remaining 9%.
TVC's executive chairman Shane Rehill said he believes there will be significant restructuring opportunities in Ireland and the UK where trading companies with excessive debt will need to raise new funds at attractive terms for new investors.
'TVC's management has extensive experience of complex turnaround transactions. We expect the number of restructuring opportunities to increase over the next 12 months, particularly as banks focus on resolving problems within their corporate portfolios,' he added.
