[Federal Register Volume 59, Number 56 (Wednesday, March 23, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-6758]


[[Page Unknown]]

[Federal Register: March 23, 1994]


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SMALL BUSINESS ADMINISTRATION

[License No. 04/04-0253]

 

Florida Capital Ventures, Ltd.; Filing of an Application for 
Transfer of Ownership and Control

    Notice is hereby given of the filing of an application with the 
Small Business Administration (SBA) pursuant to Sec. 107.102 of the 
Regulations governing small business investment companies (13 CFR 
107.102 (1994)) by Florida Capital Ventures, LTD., 880 Riverside Plaza, 
100 West Kennedy Boulevard, Tampa, Florida 33602, for transfer of 
ownership and control of its license under the Small Business 
Investment Act of 1958, as amended, (the Act) (15 U.S.C. et seq.). 
Florida Capital Ventures, LTD., was licensed March 5, 1990.
    The applicant has transferred 99 percent of the ownership of the 
Licensee from 1 Limited Partner to 14 new Limited Partners. The New 
Limited Partners will not have any involvement in the day-to-day 
operations of the Licensee. The operations of the Licensee will 
continue to be conducted by its Corporate General Partner, Florida 
Venture Partners, Inc.
    The New Limited Partners owning more than 10 percent of the 
Ownership of the Licensee are as follows:

------------------------------------------------------------------------
                                                              Percentage
               Name                          Title                of    
                                                              ownership 
------------------------------------------------------------------------
American Bankers, Life Assurance    Limited Partner........      35.0442
 Company of Florida, 11222 Quail                                        
 Roost Drive, Miami, FL 33157.                                          
John William Galbraith, 1 Beach     Limited Partner........      17.5221
 Drive, #1802, St. Petersburg, FL                                       
 33701.                                                                 
------------------------------------------------------------------------

    The applicant will continue operations with a capitalization of 
$3,335,439.
    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 3d Street, SW., Washington, DC 20416.
    A copy of this Notice will be published in a newspaper of general 
circulation in Tampa, Florida.

(Catalog of Federal Domestic Assistance Programs No. 59.011, Small 
Business Investment Companies)

    Dated: March 16, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-6758 Filed 3-22-94; 8:45 am]
BILLING CODE 8025-01-M