ANN ARBOR – Plymouth Venture Partners I L.P. Tuesday announced the completion of three portfolio company exits. Two of the exits are to strategic buyers. The third, Toledo
s regional telephone company, AmericanBroadband and Telecommunications, resulted from a company buyback from its strong cash flow. Terms of the transactions were not made public.
Plymouth Management manages two venture capital partnerships: Plymouth Venture Partners I and Plymouth Venture Partners II. Plymouth Venture Partners I made a total of 29 investments from 2003-2008 and is fully invested. Plymouth Venture Partners II is completing its second close this month, and has begun making investments.
The company?s focus is on financing the next stage of growth of Michigan, Ohio and other Great Lakes area companies. The company is led by chairman Ian Bund.
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