[Federal Register Volume 76, Number 238 (Monday, December 12, 2011)]
[Notices]
[Page 77298]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-31825]


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SMALL BUSINESS ADMINISTRATION

[License No. 09/79-0454]


Emergence Capital Partners SBIC, L.P.; Notice Seeking Exemption 
Under Section 312 of the Small Business Investment Act, Conflicts of 
Interest

    Notice is hereby given that Ironwood Mezzanine Fund II, L.P., 55 
Nod Rd., Avon, CT 06001, 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 Section 107.730, Financings which Constitute 
Conflicts of Interest of the Small Business Administration (``SBA'') 
Rules and Regulations (13 CFR 107.730). Ironwood Mezzanine Fund II, 
L.P. proposes to provide debt financing to Action Environmental Group, 
Inc., 451 Frelinghuysen Avenue, Newark, NJ 07114 (``Action Carting''). 
The proceeds will be used to finance a single-stream material recovery 
facility.
    The financing is brought within the purview of Sec.  107.730(a)(1) 
of the Regulations because Ironwood Equity Fund L.P., an Associate of 
Ironwood Mezzanine Fund II, L.P., owns more than ten percent of Action 
Carting. Therefore, Action Carting is considered an Associate of the 
Licensee and this transaction is considered Financing 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: November 25, 2011.
Sean J. Greene,
Associate Administrator for Investment.
[FR Doc. 2011-31825 Filed 12-9-11; 8:45 am]
BILLING CODE P