[Federal Register Volume 59, Number 241 (Friday, December 16, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-30929]


[[Page Unknown]]

[Federal Register: December 16, 1994]


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SMALL BUSINESS ADMINISTRATION

[Application No. 99000152]

 

LEG Partners SBIC, 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 Sec. 107.102 of the 
Regulations governing small business investment companies (13 CFR 
107.102 (1994)) by LEG Partners SBIC, L.P. at 230 Park Avenue, 21st 
Floor, New York, New York 10169, 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 generally be in the Southeast and Mid Atlantic (primarily 
Virginia, North Carolina, South Carolina, Tennessee, and Georgia) and, 
on a selected basis, throughout the United States.
    LEG Partners SBIC, L.P., a Delaware limited partnership, will be 
managed by Golub GP II Corporation, a Delaware Corporation and sole 
general partner of the Partnership. Golub Associates, Inc., a principal 
investment firm based in New York City, will be the Investment Advisor 
to the Applicant. The officers and directors of Golub GP II Corporation 
are: Lawrence E. Golub (Director and President), David B. Golub 
(Director), and Deborah K. Nabavian (Director and Secretary). Lawrence 
E. Golub will be the 100 percent owner and President of Golub 
Associates, Inc. (Investment Advisor) and Deborah K. Nabavian will be 
an associate of the firm. Lawrence E. Golub has over ten years 
experience as a direct investor in small companies, an investment 
banker and a financial advisor.
    The following limited partners will own 10 percent or more of the 
proposed SBIC:

------------------------------------------------------------------------
                                                              Percentage
                            Name                                  of    
                                                              ownership 
------------------------------------------------------------------------
Bernard Spitzer, 800 Fifth Avenue, New York, New York 10021        16.67
Lawrence E. Golub, 1125 Park Avenue, 7A, New York, New York             
 10128.....................................................        12.50
------------------------------------------------------------------------

    The Spitzer family of New York City is a substantial direct equity 
investor and will contribute $2.0 million to LEG Partners, L.P., the 
Applicant's sole limited partner. Lawrence Golub, Director and 
President of the General Partner, will contribute $1.5 million to the 
parent partnership.
    The applicant will begin operations with Regulatory Capital of 
$12.0 million and will be a source of later stage equity investments in 
profitable, privately held small companies with significant growth 
potential. The Applicant will actively pursue investments in media, 
health care and manufacturing.
    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 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 New York City, New York.

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

    Dated: December 12, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-30929 Filed 12-15-94; 8:45 am]
BILLING CODE 8025-01-M