[Federal Register Volume 59, Number 241 (Friday, December 16, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-30929]
[[Page Unknown]]
[Federal Register: December 16, 1994]
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SMALL BUSINESS ADMINISTRATION
[Application No. 99000152]
LEG Partners SBIC, L.P.; Notice of Filing of an Application for a
License To Operate as a Small Business Investment Company
Notice is hereby given of the filing of an application with the
Small Business Administration (SBA) pursuant to Sec. 107.102 of the
Regulations governing small business investment companies (13 CFR
107.102 (1994)) by LEG Partners SBIC, L.P. at 230 Park Avenue, 21st
Floor, New York, New York 10169, for a license to operate as a small
business investment company (SBIC) under the Small Business Investment
Act of 1958, as amended, (15 U.S.C. et. seq.), and the Rules and
Regulations promulgated thereunder. Its principal area of operation
will generally be in the Southeast and Mid Atlantic (primarily
Virginia, North Carolina, South Carolina, Tennessee, and Georgia) and,
on a selected basis, throughout the United States.
LEG Partners SBIC, L.P., a Delaware limited partnership, will be
managed by Golub GP II Corporation, a Delaware Corporation and sole
general partner of the Partnership. Golub Associates, Inc., a principal
investment firm based in New York City, will be the Investment Advisor
to the Applicant. The officers and directors of Golub GP II Corporation
are: Lawrence E. Golub (Director and President), David B. Golub
(Director), and Deborah K. Nabavian (Director and Secretary). Lawrence
E. Golub will be the 100 percent owner and President of Golub
Associates, Inc. (Investment Advisor) and Deborah K. Nabavian will be
an associate of the firm. Lawrence E. Golub has over ten years
experience as a direct investor in small companies, an investment
banker and a financial advisor.
The following limited partners will own 10 percent or more of the
proposed SBIC:
------------------------------------------------------------------------
Percentage
Name of
ownership
------------------------------------------------------------------------
Bernard Spitzer, 800 Fifth Avenue, New York, New York 10021 16.67
Lawrence E. Golub, 1125 Park Avenue, 7A, New York, New York
10128..................................................... 12.50
------------------------------------------------------------------------
The Spitzer family of New York City is a substantial direct equity
investor and will contribute $2.0 million to LEG Partners, L.P., the
Applicant's sole limited partner. Lawrence Golub, Director and
President of the General Partner, will contribute $1.5 million to the
parent partnership.
The applicant will begin operations with Regulatory Capital of
$12.0 million and will be a source of later stage equity investments in
profitable, privately held small companies with significant growth
potential. The Applicant will actively pursue investments in media,
health care and manufacturing.
Matters involved in SBA's consideration of the application include
the general business reputation and character of the proposed owners
and management, and the probability of successful operations of the new
company under their management, including profitability and financial
soundness in accordance with the Act Notice is hereby given that any
person may, not later than 15 days from the date of publication of this
Notice, submit written comments on the proposed SBIC to the Associate
Administrator for Investment, Small Business Administration, 409 3rd
Street, SW, Washington, DC 20416.
A copy of this Notice will be published in a newspaper of general
circulation in New York City, New York.
(Catalog of Federal Domestic Assistance Programs No. 59.011, Small
Business Investment Companies).
Dated: December 12, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-30929 Filed 12-15-94; 8:45 am]
BILLING CODE 8025-01-M
