[Federal Register Volume 59, Number 86 (Thursday, May 5, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-10845]


[[Page Unknown]]

[Federal Register: May 5, 1994]


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SMALL BUSINESS ADMINISTRATION
[License No. 03/03-0195]

 

CIP Capital, L.P.

    Notice is hereby given that CIP Capital, L.P. (CIP), 20 Valley 
Stream Parkway, suite 265, Malvern, PA 19355, a Federal licensee under 
the Small Business Investment Act of 1958, as amended (the Act), in 
connection with the proposed financing of a small concern is seeking an 
exemption under section 312 of the Act and Sec. 107.903 Conflicts of 
interest of the SBA Rules and Regulations (the Regulations) governing 
Small Business Investment Companies (13 CFR 107.903 (1993)). An 
exemption may not be granted by SBA until Notices of this transaction 
have been published. CIP proposes to provide equity financing to Bio-
Pharm Clinical Services, Inc. (Bio-Pharm), 512 Township Line Road, Blue 
Bell, Pennsylvania, 19422. The financing is one of the conditions 
precedent to the consummation of the planned merger of Bio-Pharm into 
Affinity Biotech, Inc. (Affinity), 34 Mt. Pleasant Drive, Aston, PA 
19041. When the merger becomes effective Affinity's name will be 
changed to IBAH, Inc.
    The financing is brought within the purview of Sec. 107.903(b)(1) 
of the Regulations because Mr. Winston J. Churchill, a General Partner 
of CIP, is a director of Affinity and owns more than 10% of the total 
shares of Affinity. The proposed financing will provide expansion 
capital for IBAH.
    Notice is further given that any person may, not later than 15 days 
from the date of the publication of the Notice, submit written comments 
on the transaction to the Associate Administrator for Investment, U.S. 
Small Business Administration, 409 Third Street, SW., Washington, DC 
20416.
    A copy of this Notice shall be published, in accordance with 
Sec. 107.903(e) of the Regulations, in a newspaper of general 
circulation in Philadelphia, PA.

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

    Dated: April 21, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-10845 Filed 5-4-94; 8:45 am]
BILLING CODE 8025-01-M