[Federal Register Volume 59, Number 218 (Monday, November 14, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-27995]


[[Page Unknown]]

[Federal Register: November 14, 1994]


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SMALL BUSINESS ADMINISTRATION

[Application No. 99000146]

 

CMS SBIC, L.P.; 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 Sec. 107.102 of the 
Regulations governing small business investment companies (13 CFR 
107.102 (1194)) by CMS SBIC, L.P., 1926 Arch Street, Philadelphia, PA 
19103, 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. et. seq.), and the Rules and Regulations promulgated thereunder.
    The initial investors and their percent of ownership of the 
Applicant are as follows:

------------------------------------------------------------------------
                                                              Percentage
                            Name                                  of    
                                                               ownership
------------------------------------------------------------------------
General Partner: CMS SBIC Associates, 1926 Arch Street,                 
 Philadelphia, PA 19103.....................................           1
Sole Limited Partner: CMS/Mid-Atlantic Business Opportunity             
 Partners, L.P., 1926 Arch Street, Philadelphia, PA 19103...          99
                                                             -----------
    Total...................................................         100
------------------------------------------------------------------------

    CMS SBIC, L.P. will be managed by CMS Investment Resources, Inc. 
The officers and shareholders of CMS Investment Resources, Inc. are:

------------------------------------------------------------------------
                                                              Percentage
                                                                  of    
                Name--Relationship to manager                  ownership
                                                              of manager
------------------------------------------------------------------------
Linda M. DeJure--Vice President, 1417 County Line Rd.,                  
 Rosemont, PA 19010.........................................         0  
Dean S. Adler--Vice President, 1320 Huntsman Lane, Gladwyne,            
 PA 19035...................................................         0  
William A. Landman--Vice President, 124 Woods Lane, Radnor,             
 PA 19087...................................................         0  
Richard A. Mitchell--Vice President, 16 Winchester Drive,               
 Sewell, NJ 08080...........................................         0  
Caryn L. Kinzig--Vice President, 173 Shawnee Rd., Ardmore,              
 PA 19008...................................................         0  
Mark I. Solomon--Director, Pier 5, #240, 7 N. Delaware Ave,             
 Philadelphia, PA 19106.....................................        66.7
Paul Silberberg--Director, 2023 Delancey Street,                        
 Philadelphia, PA 19103.....................................        33.3
------------------------------------------------------------------------

    The applicant will begin operations with capitalization of 
approximately $10.0 million and will be a source of equity financings 
for qualified small business concerns. The applicant will invest 
primarily in retailing, distribution, manufacturing, financial 
services, communications, technology, and health care businesses 
located in the Delaware Valley.
    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 Philadelphia, Pennsylvania.

(Catalog of Federal Domestic Assistance Programs No. 59.011, Small 
Business Investment Companies).

    Dated: November 1, 1994.
Robert D. Stillman
Associate Administrator for Investment.
[FR Doc. 94-27995 Filed 11-10-94; 8:45 am]
BILLING CODE 8025-01-M