[Federal Register Volume 60, Number 139 (Thursday, July 20, 1995)]
[Notices]
[Pages 37487-37488]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-17868]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
[License Number 01/71-0360]
Zero Stage Capital V, Limited Partnership; Application for a
Small Business Investment Company to Admit An Additional Investor as a
Limited Partner
Under the provisions of Section 301(c) of the Small Business
Investment Act of 1958, as amended (Act) (15 U.S.C. 661, et seq.), Zero
Stage Capital V, Limited Partnership (``the Licensee''), at 101 Main
Street, Cambridge, Massachusetts 02142, has filed with the Small
Business Administration (``the SBA'') pursuant to 13 C.F.R. 107.102
(1995) an amendment to its license application.
It is proposed that the Licensee will admit a new private limited
partner, STV, Ltd. (``STV''). STV proposes to invest $10.0 million. The
admission of STV would increase the Licensee's private capital from
$12.7 million to approximately $23 million.
STV is a newly established foreign entity. According to the
Licensee, STV's major initial limited partner investor is the Husain
Group, a family owned company in Saudi Arabia. The Husain Group of
companies has been in the electronics business for 31 years. It has
three U.S. subsidiaries and three in Saudi Arabia. Mr. Ishtiaq Husain
is the founder of the Husain Group. In addition to Mr. Husain, the
other key people in the Husain Group are all family members. They are
as follows: Shaheen Husain, Tarig Husain, Khalid Husain, Yasmein Husain
and Javed Husain. Ms. Shaheen Husain is the Managing Director of STV.
She is also the Director of New Ventures of the Husain Group and
President of Advanced American Electronics, Inc. which has its
principal office in Cambridge, Massachusetts.
The execution of the Licensee's above proposal will not cause a
change in the Licensee's management or operations. Zero Stage Capital
Company, Inc. (``ZSCC''), the Licensee's General Partner, will continue
to serve as the Licensee's Investment Advisor and none
[[Page 37488]]
of the principals or partners from STV will become a partner in ZSCC.
Notice is hereby given that any person may, no later than 15 days
from the date of publication of this Notice, submit written comments on
the Licensee's proposal. Any such communication shall be addressed to
the Associate Administrator for Investment, Small Business
Administration, 409 Third Street SW., Suite 6300, Washington, DC 20416.
A copy of this notice will be published in a newspaper of general
circulation in Cambridge, Massachusetts.
(Catalog of Federal Domestic Assistance Program No. 59.011, Small
Business Investment Companies)
Dated: July 14, 1995.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 95-17868 Filed 7-19-95; 8:45 am]
BILLING CODE 8025-01-M
