Notice2023-05078
Cephas Capital Partners III, LP; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
March 15, 2023
Issuing agencies
Small Business Administration
Full Text
<html>
<head>
<title>Federal Register, Volume 88 Issue 50 (Wednesday, March 15, 2023)</title>
</head>
<body><pre>
[Federal Register Volume 88, Number 50 (Wednesday, March 15, 2023)]
[Notices]
[Page 16074]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-05078]
=======================================================================
-----------------------------------------------------------------------
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
</pre></body>
</html>Indexed from Federal Register on March 15, 2023.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.