[Federal Register Volume 59, Number 126 (Friday, July 1, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-16097]


[[Page Unknown]]

[Federal Register: July 1, 1994]


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SMALL BUSINESS ADMINISTRATION
[Application No. 99000113]

 

Seacoast Capital Partners 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 Section 107.102 of the 
Regulations governing small business investment companies (13 CFR 
107.102 (1994)) by Seacoast Capital Partners Limited Partnership, 55 
Ferncroft Road, Danvers, Massachusetts, 01923, 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. Seacoast Capital Partners 
Limited Partnership is a Delaware Limited Partnership.
    Seacoast Capital Partners Limited Partnership will be managed by 
Signal Capital Corporation, located at the same address as the 
applicant. Itel Corporation, 2 North Riverside Plaza, Chicago, Illinois 
60606, is the sole beneficial owner of Signal Capital Corporation and 
Seacoast Capital Partners Limited Partnership. The officers and 
management of Seacoast Capital Partners limited Partnership are:

Name and Title

Eben S. Moulton--President and Secretary
Walter Leonard--VP Finance, Signal Capital
Gregory Hulecki--Investment Manager
Paul Giovacchini--Investment Manager

    Seacoast Capital Corporation, the general partner, is a wholly 
owned subsidiary of Signal Capital Corporation and owns 99% of the 
applicant. Seacoast Capital Corporation II, also a wholly owned 
subsidiary of Signal Capital Corporation, owns the remaining 1% limited 
partnership interest. One investor beneficially owns more than 10 
percent of the applicant through his investments in the Itel 
Corporation he is: Samuel Zell, Itel Corporation, 2 North Riverside 
Plaza, Chicago Illinois, 60606.
    The applicant will begin operations with capitalization of 
approximately $5 million and will be a source of debt and equity 
financing for qualified small business concerns. The applicant will 
conduct its operations primarily in the Commonwealth of Massachusetts 
but will consider investments in businesses in other areas of the 
United States.
    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 Danvers, Massachusetts.

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

    Dated: June 24, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-16097 Filed 6-30-94; 8:45 am]
BILLING CODE 8025-01-M'