Progress on multiple fronts
Tern’s portfolio update for the year to December 2019 confirms the group’s
strong progress in a number of different ways, across the entire investee
portfolio. Growth in the portfolio companies’ combined revenues was some
27% year-on-year, held back by some delayed orders which are now
expected early this year. The group remains well positioned to capitalise on
its competitive advantages, and there appears to be a steady flow of
positive validation – we look forward to more during 2020.