[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