[Federal Register Volume 61, Number 26 (Wednesday, February 7, 1996)]
[Notices]
[Pages 4704-4705]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-2565]
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
First Capital Group of Texas II, L.P., Notice of Filing of an
Application for a License to Operate as a Small Business Investment
Company
[Application No. 99000193]
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 First Capital Group of Texas II, L.P. at 750 East
Mulberry, Suite 305, San Antonio, Texas 78212 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. The applicant will invest
primarily in small business concerns located throughout Texas, however,
investments in attractive situations outside of Texas will not be
precluded. In addition to its principal office in San Antonio, Texas,
the applicant is planning to establish a branch office in Austin,
Texas.
First Capital Group Investment Partners, L.P., a Texas limited
partnership, will serve as the General Partner of the Applicant. First
Capital Group Management Company, L.C. (Investment Advisor/Manager), is
the general partner of the General Partner and will manage the
Applicant's operations. Jeffrey P. Blanchard, Wm. Ward Greenwood, and
John J. Locy are the managers of the Investment Adviser/Manager and are
responsible for the day-to-day management and operations of the
applicant. These three investment professionals have over 50 years of
combined experience in the management of venture capital investment
partnerships and SBICs.
The following limited partners will own 10 percent or more of the
proposed SBIC:
------------------------------------------------------------------------
Percentage of
Name ownership
------------------------------------------------------------------------
International Bank of Commerce.......................... 28.8
Alamo Group Inc......................................... 19.2
------------------------------------------------------------------------
International Bank of Commerce has assets of approximately $2
billion and is the largest commercial banking organization on the
Texas-Mexico border with operations in Laredo, Brownsville, Corpus
Christi, Harlingen, McAllen, San Antonio, and a number of smaller
cities throughout south Texas. The Alamo Group Inc. is a leading
manufacturer of high quality, tractor mounted mowing and grounds
maintenance equipment for governmental and agricultural end users.
The applicant will begin operations with Regulatory Capital of
$10.3 million. Additional capital commitments are being sought in the
expectation of bringing the aggregate private capital of the applicant
to $20.5 million, including a $500,000 commitment from the General
Partner. The applicant plans to invest in well- managed small
businesses based in Texas in need of expansion capital that are engaged
in a variety of industries having the potential for growth in earnings
and equity value.
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 San Antonio, Texas.
(Catalog of Federal Domestic Assistance Programs No. 59.011, Small
Business Investment Companies).
[[Page 4705]]
Dated: Thursday, February 1, 1996.
Don A. Christensen,
Associate Administrator for Investment.
[FR Doc. 96-2565 Filed 2-6-96; 8:45 am]
BILLING CODE 8025-01-P
