[Federal Register Volume 59, Number 166 (Monday, August 29, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-21215]


[[Page Unknown]]

[Federal Register: August 29, 1994]


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SMALL BUSINESS ADMINISTRATION

[Application No. 99000139]

 

Anthem Capital, L.P.; Notice of 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 Anthem Capital, L.P. at 29 West Susquehanna Avenue, 
Baltimore, MD 21204, 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. Its principal area of operation will be within 
125 miles of Baltimore, Maryland and will include Maryland, Delaware, 
the District of Columbia, Eastern Pennsylvania, Southern New Jersey and 
Northern Virginia. Investments in the geographic areas immediately 
surrounding Anthem's core region may also be considered.
    Mariner Management, Inc., a Maryland Corporation, will provide 
management services to Anthem Capital Limited Partnership. The officers 
and directors of Mariner Management, Inc. are William M. Gust, II 
(President), John C. Weiss, III (Chairman) and C. Edward Spiva 
(Secretary/Treasurer). These three individuals will serve as the sole 
officers and directors of both the corporate general partner (Anthem 
Capital Partners, Inc.) and the management services company (Mariner 
Management, Inc.).
    The following limited partners will own 10 percent or more of the 
proposed SBIC:

------------------------------------------------------------------------
                                                              Percentage
                            Name                                  of    
                                                               ownership
------------------------------------------------------------------------
NationsBank of Maryland, 100 South Charles Street,                      
 Baltimore, MD 21201........................................         26 
MBNA America Bank, 400 Christiana Road, Newark, Delaware                
 19212......................................................         26 
------------------------------------------------------------------------

    The applicant will begin operations with private capital of $11.5 
million and total private capital is expected to grow to $20-$30 
million within six months of the initial closing. The Applicant will be 
a source of equity and debt investments in early stage, emerging growth 
and later stage small business concerns that have advanced beyond the 
start-up phase. The applicant will invest primarily in the geographic 
area which includes Maryland, Delaware, the District of Columbia, and 
selected areas of Pennsylvania, Southern New Jersey and Northern 
Virginia.
    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 15 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 Los Altos, California.

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

    Dated: August 23, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-21215 Filed 8-26-94; 8:45 am]
BILLING CODE 8025-01-M