[Federal Register Volume 60, Number 208 (Friday, October 27, 1995)]
[Notices]
[Page 55076]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-26668]
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SMALL BUSINESS ADMINISTRATION
[Application No. 99000174]
ABN AMRO Capital Inc.; 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 (1995)) by ABN AMRO Capital Inc., at 135 South LaSalle Street
Suite 725, Chicago, Illinois 60674-9135 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. Secs. 661 et seq.), and
the Rules and Regulations promulgated thereunder.
The applicant is a wholly owned second tier subsidiary of ABN AMRO
Bank formed under Delaware law.
The applicant's officers will be Paul J. Widuch (President), Robert
K. Quinn (Secretary), and Dennis J. O'Malley (Treasurer). All three of
these individuals are officers of ABN AMRO Bank, N. V. and/or ABN AMRO
North America, Inc., and each has extensive experience in banking,
finance, and investment analysis.
ABN AMRO Capital Inc. will begin operations with committed capital
of $2.5 million from ABN AMRO North America, Inc. with additional
capital contributed over time, as necessary, to fund investment
opportunites when they arise once applicant is granted a license to
operate as a small business investment company. ABN AMRO Capital Inc.'s
entire $2.5 million of initial private capital is being contributed by
ABN AMRO North America, Inc. Accordingly, the following shareholder
will own 10 percent or more of the proposed SBIC:
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Percentage
Name of
ownership
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ABN AMRO North America, Inc., 135 South LaSalle Street,
Chicago, IL. 60674-9135.................................... 100
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The applicant intends to focus on subordinated debt and equity
investments in small to medium size companies across a variety of
industries. The applicant anticipates making portfolio investments in
various industries including, consumer products and services,
manufacturing, industrial equipment and technology, industrial
chemicals and materials, business products and services, distribution
companies, health care and project financings.
The applicant does not plan to seek financing from the SBA.
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 Chicago, Illinois.
(Catalog of Federal Domestic Assistance Programs No. 59.011, Small
Business Investment Companies)
Dated: October 20, 1995.
Don A. Christensen,
Associate Administrator for Investment.
[FR Doc. 95-26668 Filed 10-26-95; 8:45 am]
BILLING CODE 8025-01-P