[Federal Register Volume 68, Number 59 (Thursday, March 27, 2003)]
[Notices]
[Pages 15031-15032]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-7346]


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SMALL BUSINESS ADMINISTRATION

[License No. 03/73-0228]


Toucan Capital Fund II, L.P.; Notice Seeking Exemption Under 
Section 312 of the Small Business Investment Act, Conflicts of Interest

    Notice is hereby given that Toucan Capital Fund II, L.P., 7600 
Wisconsin Ave, 7th Floor, Bethesda, MD 20814, a Federal Licensee under 
the Small Business Investment Act of 1958, as amended (``the Act''), in 
connection with the financing of a small concern, has sought an 
exemption under section 312 of the Act and Sec.  107.730, Financings

[[Page 15032]]

which Constitute Conflicts of Interest of the Small Business 
Administration (``SBA'') rules and regulations (13 CFR 107.730 (2002)). 
Toucan Capital Fund II, L.P. proposes to provide preferred equity 
security financing to Mednav, Inc., 500 Edgewater Drive, Wakefield, MA 
01880. The financing is contemplated to provide the company with the 
necessary working capital.
    The financing is brought within the purview of Sec.  107.730(a)(1) 
of the Regulations because Toucan Ventures, an Associate of Toucan 
Capital Fund II, L.P., holds an ownership interest in Mednav, Inc. of 
greater than 10%. Therefore, this financing is considered a financing 
of an Associate requiring prior SBA approval.
    Notice is hereby given that any interested person may submit 
written comments on the transaction, within 15 days of the date of this 
publication, to the Associate Administrator for Investment, U.S. Small 
Business Administration, 409 Third Street, SW., Washington, DC 20416.

    Dated: March 17, 2003.
Jeffrey D. Pierson,
Associate Administrator for Investment.
[FR Doc. 03-7346 Filed 3-26-03; 8:45 am]
BILLING CODE 8025-01-P