2019-04409. Seacoast Capital Partners IV, L.P., License No. 01/01-0434; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest  

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    Notice is hereby given that Seacoast Capital Partners IV, L.P., 555 Ferncroft Road, Danvers, MA 01923, a Federal Licensee under the Small Business Start Printed Page 8939Investment Act of 1958, as amended (“the Act”), in connection with the financing of a small concern, has sought an exemption under Section 312 of the Act and Section 107.730, Financings which Constitute Conflicts of Interest of the Small Business Administration (“SBA”) Rules and Regulations (13 CFR 107.730). Seacoast Capital Partners IV, L.P., proposes to provide debt/equity security financing to Avenger Flight Group, LLC., 1450 Lee Wagener Blvd. Bldg. 300 Fort Lauderdale, FL 33315 (“AFG”).

    The financing is brought within the purview of § 107.730(a)(1) and § 107.730(d) of the Regulations because Seacoast Capital Partners III, L.P. an Associate of Seacoast Capital Partners IV, L.P., owns more than five percent of AFG, and therefore this transaction is considered a financing of an Associate and with an Associate requiring prior SBA approval.

    Notice is hereby given that any interested person may submit written comments on the transaction, within fifteen days of the date of this publication, to the Associate Administrator for Investment, U.S. Small Business Administration, 409 Third Street SW, Washington, DC 20416.

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    Dated: February 13, 2019.

    A. Joseph Shepard,

    Associate Administrator for Investment.

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    [FR Doc. 2019-04409 Filed 3-11-19; 8:45 am]

    BILLING CODE P

Document Information

Published:
03/12/2019
Department:
Small Business Administration
EntryType:
Notice
Document Number:
2019-04409
Pages:
8938-8939 (2 pages)
SectionNoes:
PDF File:
2019-04409.pdf