[Federal Register Volume 59, Number 226 (Friday, November 25, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-29080]


[[Page Unknown]]

[Federal Register: November 25, 1994]


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SMALL BUSINESS ADMINISTRATION

[Application No. 99000147]

 

Fleet Equity Partners VI, 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 Fleet Equity Partners VI, L.P., of 111 Westminster 
Street, 4th Floor, Providence, Rhode Island 02903 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. Fleet Equity Partners 
VI, L.P. is a limited partnership formed under Delaware law. Its area 
of operation will be throughout the United States.
    Fleet Equity Partners VI, L.P. will be co-managed by Fleet Growth 
Resources II, Inc., and by Silverado III Corp., both of Providence, 
Rhode Island. Fleet Growth Resources II, Inc. is an indirect subsidiary 
of Fleet Financial Group, Inc., a $48.0 million bank holding company 
located in Providence, Rhode Island. The officers and directors of 
Fleet Financial Group, Inc. affiliated with the Applicant are as 
follows:

Habib Y. Gorgi, 111 Westminster Street, Providence, Rhode Island 02903
Douglas L. Jacobs, 111 Westminster Street, Providence, Rhode Island 
02903
Brian T. Moynihan, 111 Westminster Street, Providence, Rhode Island 
02903
H. Jay Sarles, 111 Westminster Street, Providence, Rhode Island 02903
Robert M. Van Degna, 111 Westminster Street, Providence, Rhode Island 
02903

    No one entity holds more than a 10.0% voting interest in the bank 
holding company.
    The officers and shareholders of Silverado III Corp. are:

------------------------------------------------------------------------
                                                                Percent 
                                                                   of   
                             Name                              ownership
                                                                interest
------------------------------------------------------------------------
Habib Y. Gorgi, 111 Westminster Street, Providence, Rhode               
 Island 02903................................................      50.0 
Robert M. Van Degna, 111 Westminster Street, Providence,                
 Rhode Island 02903..........................................      50.0 
------------------------------------------------------------------------

    The Applicant will begin operations with an initial capitalization 
of $10.0 million, and plans on making private equity investments in 
both emerging, and established small business concerns. The Applicant 
will consider investment opportunities throughout 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 
SBIC 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 Providence, Rhode Island.

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

    Dated: November 21, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-29080 Filed 11-23-94; 8:45 am]
BILLING CODE 8025-01-M