[Federal Register Volume 59, Number 102 (Friday, May 27, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-12922]
[[Page Unknown]]
[Federal Register: May 27, 1994]
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SMALL BUSINESS ADMINISTRATION
[Application No. 9900019]
Odyssey Partners SBIC, L.P.; 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 Sec. 107.102 of the
Regulations governing small business investment companies (13 CFR
107.102 (1994)) by Odyssey Partners SBIC, L.P., 31 West 52nd Street,
New York, New York 10019, 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.
The initial investors and their percent of ownership of the
Applicant are as follows:
------------------------------------------------------------------------
Percentage
Name of
ownership
------------------------------------------------------------------------
General Partner:
Odyssey SBIC, Inc., 31 West 52nd Street, New York, New
York 10019............................................... 1.0
Limited Partner:
Odyssey Partners, L.P., 31 West 52nd Street, New York, New
York 10019............................................... 99.0
------------------------------------------------------------------------
Odyssey Partners SBIC, L.P. will be managed by Odyssey SBIC, Inc.
The offices and directors of Odyssey SBIC, Inc. are:
------------------------------------------------------------------------
Percentage
Name Relationship to manager ownership
of manager
------------------------------------------------------------------------
Stephen Berger, 1050 Park President and Director....... (1)
Avenue, New York, New York
10028.
Alain M. Oberrotman, 40 East Vice President and Director.. 0.0
80th Street, New York, New
York 10021.
Lawrence Levitt, 80 White Secretary, Treasurer and 0.0
Tree Road, Syosset, New York Director.
11791.
Odyssey SBIC, Inc., 31 West Sole Shareholder............. 100.0
52nd Street, New York, New
York 10019.
------------------------------------------------------------------------
\1\Less than 10% owned through general partnership interest in the
Parent.
The applicant will begin operations with committed capital of
approximately $45 million and will be a source of debt and equity
financings for qualified small business concerns. The applicant will
invest across the continental United States, with higher concentration
in the Northeast, Southern and Midwest regions.
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 3rd Street SW., Washington, DC 20416.
A copy of this Notice will be published in a newspaper of general
circulation in New York, New York.
(Catalog of Federal Domestic Assistance Programs No. 59.011, Small
Business Investment Companies)
Dated: May 12, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-12922 Filed 5-26-94; 8:45 am]
BILLING CODE 8025-01-M