80 FR 41136 - New Canaan Funding Mezzanine V SBIC, L.P.; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest

SMALL BUSINESS ADMINISTRATION

Federal Register Volume 80, Issue 134 (July 14, 2015)

[Federal Register Volume 80, Number 134 (Tuesday, July 14, 2015)]
[Notices]
[Pages 41136-41137]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-17184]


-----------------------------------------------------------------------

SMALL BUSINESS ADMINISTRATION

[License No. 01/01-0422]


New Canaan Funding Mezzanine V SBIC, L.P.; Notice Seeking 
Exemption Under Section 312 of the Small Business Investment Act, 
Conflicts of Interest

    Notice is hereby given that New Canaan Funding Mezzanine V SBIC, 
L.P., 21 Locust Avenue, Suite 1C, New Canaan, CT 06840, 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 Section 
107.730, Financings which Constitute Conflicts of Interest of the Small 
Business Administration (``SBA'') Rules and Regulations (13 CFR 
107.730). New Canaan Funding Mezzanine V SBIC, L.P. is proposing to 
provide financing to Safemark, Inc., 2101 Park Center Drive, Suite 125, 
Orlando, FL 32835. The financing will be used, in part, for working 
capital, to pay the seller, to pay off existing debt, and to pay fees 
and expenses.
    The proposed transaction is brought within the purview of Sec.  
107.730 of the Regulations because Safemark, Inc. will be using 
financing proceeds from New Canaan Funding Mezzanine V SBIC, L.P. in 
part to discharge obligations to Corporate Mezzanine IV, L.P. and 
Trafalgar Business Solutions Ltd., which are Associates of New Canaan 
Funding Mezzanine V SBIC, L.P. as defined at Sec.  107.50 due to common 
management.
    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

[[Page 41137]]

for Investment, U.S. Small Business Administration, 409 Third Street 
SW., Washington, DC 20416.

    Dated: July 2, 2015.
Javier Saade,
Associate Administrator for Investment and Innovation.
[FR Doc. 2015-17184 Filed 7-13-15; 8:45 am]
BILLING CODE P