[Federal Register Volume 59, Number 126 (Friday, July 1, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-16097]
[[Page Unknown]]
[Federal Register: July 1, 1994]
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SMALL BUSINESS ADMINISTRATION
[Application No. 99000113]
Seacoast Capital Partners L.P.; 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 Section 107.102 of the
Regulations governing small business investment companies (13 CFR
107.102 (1994)) by Seacoast Capital Partners Limited Partnership, 55
Ferncroft Road, Danvers, Massachusetts, 01923, 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. Seacoast Capital Partners
Limited Partnership is a Delaware Limited Partnership.
Seacoast Capital Partners Limited Partnership will be managed by
Signal Capital Corporation, located at the same address as the
applicant. Itel Corporation, 2 North Riverside Plaza, Chicago, Illinois
60606, is the sole beneficial owner of Signal Capital Corporation and
Seacoast Capital Partners Limited Partnership. The officers and
management of Seacoast Capital Partners limited Partnership are:
Name and Title
Eben S. Moulton--President and Secretary
Walter Leonard--VP Finance, Signal Capital
Gregory Hulecki--Investment Manager
Paul Giovacchini--Investment Manager
Seacoast Capital Corporation, the general partner, is a wholly
owned subsidiary of Signal Capital Corporation and owns 99% of the
applicant. Seacoast Capital Corporation II, also a wholly owned
subsidiary of Signal Capital Corporation, owns the remaining 1% limited
partnership interest. One investor beneficially owns more than 10
percent of the applicant through his investments in the Itel
Corporation he is: Samuel Zell, Itel Corporation, 2 North Riverside
Plaza, Chicago Illinois, 60606.
The applicant will begin operations with capitalization of
approximately $5 million and will be a source of debt and equity
financing for qualified small business concerns. The applicant will
conduct its operations primarily in the Commonwealth of Massachusetts
but will consider investments in businesses in other areas of the
United States.
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 30 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 Danvers, Massachusetts.
(Catalog of Federal Domestic Assistance Programs No. 59.011, Small
Business Investment Companies)
Dated: June 24, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-16097 Filed 6-30-94; 8:45 am]
BILLING CODE 8025-01-M'
