[Federal Register Volume 61, Number 31 (Wednesday, February 14, 1996)]
[Notices]
[Page 5829]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-3216]
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SMALL BUSINESS ADMINISTRATION
Societe Generale Capital Corporation; Notice of Filing of an
Application for a License To Operate as a Small Business Investment
Company
[Application No. 99000195]
Notice is hereby given of the filing of an application with the
Small Business Administration (SBA) pursuant to Section 107.102 of the
Regulations governing small business investment companies (13 CFR
107.102 (1996)) by Societe Generale Capital Corporation at 1221 Avenue
of the Americas, 8th Floor, New York, New York 10020 for a license to
operate as a non-leveraged 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.
The Applicant plans to make investments throughout the United
States in small businesses with experienced management teams and
credible strategies for growth and success. It is anticipated that
approximately 50% of the Applicant's investments will be in the form of
equity (including common and preferred stock), and 50% in mezzanine
debt which may be convertible or come with warrants or other equity
participation rights. The Applicant plans to begin operations with
Regulatory Capital of $5 million.
Societe Generale Capital Holding Corporation will own 100% of the
Common Stock of the Applicant. Societe Generale Capital Holding
Corporation is a wholly-owned subsidiary of Societe Generale, one of
the largest and most respected banking institutions in the world.
Societe Generale operates as a conventional full-service bank in France
through a network of 2,000 branches. Outside France, it is present in
more than 500 offices in nearly 70 countries. The officers and
directors of the Applicant are Steven A. Baronoff, President & CEO;
Matthew B. Judson, Vice President & Treasurer; and Eric L. Hirschfield,
Vice President & Secretary. These three investment professionals have
extensive experience in investing in and advising both small and large
businesses.
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 and Regulations.
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, New York.
(Catalog of Federal Domestic Assistance Programs No. 59.011,
Small Business Investment Companies).
Dated: Wednesday, February 7, 1996.
Don A. Christensen,
Associate Administrator for Investment.
[FR Doc. 96-3216 Filed 2-13-96; 8:45 am]
BILLING CODE 8025-01-P
