[Federal Register Volume 88, Number 50 (Wednesday, March 15, 2023)]
[Notices]
[Page 16074]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-05078]


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SMALL BUSINESS ADMINISTRATION

[License No. 02/02-0694]


Cephas Capital Partners III, LP; Notice Seeking Exemption Under 
Section 312 of the Small Business Investment Act, Conflicts of Interest

    Notice is hereby given that Cephas Capital Partners III, LP, 11 
Schoen Place, 8th Floor, Pittsford, NY 14534, a Federal Licensee under 
the Small Business Investment Act of 1958, as amended (``the Act''), in 
connection with the financing of a small concerns, has sought an 
exemption under section 312 of the Act and 13 CFR 107.730, Financings 
which Constitute Conflicts of Interest of the Code of Federal 
Regulations. Cephas Capital Partners III, LP is proposing to provide 
financing to Air-Flo Mfg. Co, Inc. et al, 365 Upper Oakwood Avenue, 
Elmira Heights, New York, 14903 to support the company's growth and 
refinance existing company debt.
    The proposed transaction is brought within the purview of Sec.  
107.730 of the Regulations because Cephas Capital Partners III, LP is 
an Associate of Cephas Capital Partners II, LP by virtue of Common 
Control as defined at 13 CFR 107.50, holds an investment in Air-Flo 
Mfg. Co, Inc. and the proposed transaction represents a conflict of 
interest because Cephas Capital Partners III, LP and its Associates did 
not previously invest in the small business at the same time and on the 
same terms and conditions, and the proposed financing to Air-Flo Mfg. 
Co, Inc. will discharge an obligation to Associates or free other funds 
to pay such obligation.
    Therefore, the proposed transaction is considered self-deal 
pursuant to 13 CFR 107.730 and requires a regulatory exemption. Notice 
is hereby given that any interested person may submit written comments 
on the transaction within fifteen days of the date of this publication 
to Associate Administrator for Investment, U.S. Small Business 
Administration, 409 Third Street SW, Washington, DC 20416.

Bailey DeVries,
Associate Administrator, Office of Investment and Innovation.
[FR Doc. 2023-05078 Filed 3-14-23; 8:45 am]
BILLING CODE 8026-09-P