[Federal Register Volume 59, Number 166 (Monday, August 29, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-21215]
[[Page Unknown]]
[Federal Register: August 29, 1994]
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SMALL BUSINESS ADMINISTRATION
[Application No. 99000139]
Anthem Capital, 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 Section 107.102 of the
Regulations governing small business investment companies (13 CFR
107.102 (1994)) by Anthem Capital, L.P. at 29 West Susquehanna Avenue,
Baltimore, MD 21204, 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 be within
125 miles of Baltimore, Maryland and will include Maryland, Delaware,
the District of Columbia, Eastern Pennsylvania, Southern New Jersey and
Northern Virginia. Investments in the geographic areas immediately
surrounding Anthem's core region may also be considered.
Mariner Management, Inc., a Maryland Corporation, will provide
management services to Anthem Capital Limited Partnership. The officers
and directors of Mariner Management, Inc. are William M. Gust, II
(President), John C. Weiss, III (Chairman) and C. Edward Spiva
(Secretary/Treasurer). These three individuals will serve as the sole
officers and directors of both the corporate general partner (Anthem
Capital Partners, Inc.) and the management services company (Mariner
Management, Inc.).
The following limited partners will own 10 percent or more of the
proposed SBIC:
------------------------------------------------------------------------
Percentage
Name of
ownership
------------------------------------------------------------------------
NationsBank of Maryland, 100 South Charles Street,
Baltimore, MD 21201........................................ 26
MBNA America Bank, 400 Christiana Road, Newark, Delaware
19212...................................................... 26
------------------------------------------------------------------------
The applicant will begin operations with private capital of $11.5
million and total private capital is expected to grow to $20-$30
million within six months of the initial closing. The Applicant will be
a source of equity and debt investments in early stage, emerging growth
and later stage small business concerns that have advanced beyond the
start-up phase. The applicant will invest primarily in the geographic
area which includes Maryland, Delaware, the District of Columbia, and
selected areas of Pennsylvania, Southern New Jersey and Northern
Virginia.
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 Los Altos, California.
(Catalog of Federal Domestic Assistance Programs No. 59.011, Small
Business Investment Companies)
Dated: August 23, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-21215 Filed 8-26-94; 8:45 am]
BILLING CODE 8025-01-M
