[Federal Register Volume 60, Number 130 (Friday, July 7, 1995)]
[Notices]
[Page 35446]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-16664]



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SMALL BUSINESS ADMINISTRATION

[License No. 02/72-0554]


Odyssey Partners SBIC, L.P.; Notice of Application for Transfer 
of Ownership

    Notice is hereby given that an application has been filed with the 
Small Business Administration pursuant to Section 107.601 of 
Regulations governing small business investment companies (13 CFR 
107.601 (1995) for a transfer of ownership of Odyssey Partners, SBIC, 
L.P. (Odyssey), 31 West 52nd Street, New York, New York 10019, under 
the provisions of the Small Business Investment Act of 1958, as amended 
(the Act), (15 U.S.C. 661 et. seq.) and the Rules and Regulations 
promulgated thereunder.
    The present limited and general partners of Odyssey plan to sell 
100 percent of their partnership interests in the Licensee to Exeter 
Equity Partners, L.P. (Exeter). Odyssey will then be merged with and 
into Exeter, which shall be the surviving partnership and will continue 
its partnership existence under Delaware Law, and the separate 
partnership existence of Odyssey shall cease. The application 
contemplates that prior to the merger, Odyssey will distribute to its 
private limited partner and general partner all of the assets of 
Odyssey contributed to Exeter. Further, Odyssey is requesting approval 
as part of this merger to transfer to Exeter its existing commitment 
guarantee for participating securities issued by SBA to Odyssey in the 
amount totaling $18 million.
    Following the merger, the present and proposed change in ownership 
is as follows:

------------------------------------------------------------------------
                                                     Present    Proposed
                                                     percent    percent 
                       Name                             of         of   
                                                    ownership  ownership
------------------------------------------------------------------------
Odyssey Partners, SBIC, L.P.......................        100          0
Exeter Equity Partners, L.P.......................          0        100
------------------------------------------------------------------------

    There will be no change in the surviving entity's existing limited 
or general partnership structure. The existing holders of more than 10% 
partnership interests of Exeter Equity Partners are as follows:

William A.M. Burden and Co
34.5%
Florence V. Burden Foundation
24.3%
Electra Investment Trust PLC
20.7%

    Exeter Equity Advisors, L.P. will continue as the general partner 
of the merged entity.
    Matters involved in SBA's consideration of the application include 
the business reputation and character of the proposed owners and 
management, and the probability of successful operations of the merged 
entity under current management, including profitability and financial 
soundness in accordance with the Act and Regulations.
    Notice is further given that any person may, not later than 15 days 
from the date of publication of this notice, submit written comments on 
the proposed transfer of ownership to the Associate Administrator for 
Investment, Small Business Administration, 409 3rd Street SW., 
Washington, D.C. 20416.
    A copy of the Notice will be published in a newspaper of general 
circulation in New York, New York.

(Catalog of Federal Domestic Assistance Program No. 59-011, Small 
Business Investment Companies)

    Dated: June 30, 1995.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 95-16664 Filed 7-6-95; 8:45 am]
BILLING CODE 8025-01-M