Mark Horne, Managing Partner of Plymouth Venture Partners I, L.P. announced the completion of three portfolio company exits at the firm’s Annual Meeting held today in Ann Arbor, Michigan.
Commenting to the firm’s Members, Mr. Horne said, “These exits bring the total exits since inception to fifteen (15) taking us well into the completion of this highly successful fund.”
Two of the exits, are to strategic buyers. The third, Toledo’s regional telephone company, American Broadband and Telecommunications, resulted from a company buyback from its strong cash flow.
About Plymouth Management Company
Plymouth Management Company 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 firm’s focus is on financing the next stage of growth of Michigan, Ohio and other Great Lakes area companies.
The firm’s partners are:
For more information, please visit www.plymouthvc.com.