<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. ____)*
DecisionOne Holdings Corp.
________________________________________________________________________________
(Name of Issuer)
Common Stock, $0.01 par value per share
________________________________________________________________________________
(Title of Class of Securities)
2434560100
_______________________________________________________________
(CUSIP Number)
Michele May
Bain Capital, Inc.
Two Copley Place
Boston, Massachusetts 02116
(617) 572-3000
________________________________________________________________________________
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
August 7, 1997
_______________________________________________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [_].
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following pages(s))
Page 1 of 19 Pages
<PAGE>
- ----------------------- ---------------------
CUSIP No. 2434560100 13D Page 2 of 19 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
BAIN CAPITAL FUND V, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
158,619 (SEE ITEM 5)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
158,619 (SEE ITEM 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
158,619 (SEE ITEM 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
APPROXIMATELY 1.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP No. 2434560100 13D Page 3 of 19 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
BAIN CAPITAL FUND V-B, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
413,039 (SEE ITEM 5)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
413,039 (SEE ITEM 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
413,039 (SEE ITEM 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
APPROXIMATELY 3.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP No. 2434560100 13D Page 4 of 19 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
BAIN CAPITAL PARTNERS V, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
NOT APPLICABLE (SEE ITEM 2)
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
571,658 (SEE ITEM 5)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
571,658 (SEE ITEM 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
571,658 (SEE ITEM 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
APPROXIMATELY 4.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 2434560100 13D Page 5 of 19 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
BAIN CAPITAL INVESTORS V, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
NOT APPLICABLE (SEE ITEM 2)
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
571,658 (SEE ITEM 5)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
571,658 (SEE ITEM 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
571,658 (SEE ITEM 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
APPROXIMATELY 4.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP No. 2434560100 13D Page 6 of 19 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
W. MITT ROMNEY
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
NOT APPLICABLE (SEE ITEM 2)
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
UNITED STATES
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
810,117 (SEE ITEM 5)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
810,117 (SEE ITEM 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
810,117 (SEE ITEM 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
APPROXIMATELY 6.5%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP No. 2434560100 13D Page 7 of 19 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
JOSHUA BEKENSTEIN
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
NOT APPLICABLE (SEE ITEM 2)
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
UNITED STATES
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
238,459 (SEE ITEM 5)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
238,459 (SEE ITEM 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
238,459 (SEE ITEM 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
APPROXIMATELY 1.9%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP No. 2434560100 13D Page 8 of 19 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
BCIP ASSOCIATES
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
124,016 (SEE ITEM 5)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
124,016 (SEE ITEM 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
124,016 (SEE ITEM 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
APPROXIMATELY 1.0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP No. 2434560100 13D Page 9 of 19 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
BCIP TRUST ASSOCIATES, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
114,443 (SEE ITEM 5)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
114,443 (SEE ITEM 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
114,443 (SEE ITEM 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
APPROXIMATELY 0.9%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1. Security and Issuer:
-------------------
This statement relates to shares of common stock, par value $0.01
per share (the "Common Stock"), of DecisionOne Holdings Corp., a Delaware
corporation (the "Company"), with its principal executive offices at 50
East Swedesford Road, Frazer, Pennsylvania 19355.
Item 2. Identity and Background:
-----------------------
(a) This statement is being jointly filed by each of the
following persons pursuant to Rule 13d-(1)(f) promulgated by the Securities
and Exchange Commission pursuant to Section 13 of the Securities Exchange
Act of 1934, as amended (the "Act"): (i) Bain Capital Fund V, L.P. ("BCF-
V"), a Delaware limited partnership, by virtue of its direct beneficial
ownership of 158,619 shares of Common Stock; (ii) Bain Capital Fund V-B,
L.P. ("BCF-V-B"), a Delaware limited partnership, by virtue of its direct
beneficial ownership of 413,039 shares of Common Stock; (iii) Bain Capital
Partners V, L.P. ("BCP"), a Delaware limited partnership, as the sole
general partner of BCF-V and BCF-V-B; (iv) Bain Capital Investors V, Inc.
("BCI"), a Delaware corporation, as the sole general partner of BCP; (v) W.
Mitt Romney ("Mr. Romney"), an individual, as the sole shareholder of BCI
and as a member of the Management Committee of BCIP and BCIPT (both as
defined herein); (vi) Joshua Bekenstein ("Mr. Bekenstein"), an individual,
as a member of the Management Committee of BCIP and BCIPT; (vii) BCIP
Associates ("BCIP"), a Delaware general partnership, by virtue of its
direct beneficial ownership of 124,016 shares of Common Stock; and (viii)
BCIP Trust Associates, L.P. ("BCIPT"), a Delaware limited partnership, by
virtue of its direct beneficial ownership of 114,443 shares of Common
Stock. BCF-V, BCF-V-B, BCIP and BCIPT are hereinafter collectively referred
to as the "Funds," and together with BCP, BCI, Mr. Romney and Mr.
Bekenstein are hereinafter collectively referred to as the "Reporting
Persons." The Reporting Persons have entered into a Joint Filing Agreement,
dated August 18, 1997, a copy of which is filed with this statement as
Exhibit A (which is hereby incorporated by reference), pursuant to which
the Reporting Persons have agreed to file this statement jointly in
accordance with the provisions of Rule 13d-1(f)(1) under the Act.
Certain information required by this Item 2 concerning each partner
who is denominated as a general partner of the Reporting Persons, and
directors and executive officers of such general partners, is set forth on
Schedule A attached hereto, which is incorporated herein by reference.
The Reporting Persons may be deemed to constitute a "group" for
purposes of Section 13(d)(3) of the Act as a result of such Reporting
Persons being persons associated with Bain Capital, Inc., a Delaware
corporation ("Bain Capital"), which is a management company. The Reporting
Persons expressly disclaim that they have agreed to act as a group other
than as described in this statement.
(b) The address of the principal business and principal office of
the Reporting Persons is c/o Bain Capital, Inc., Two Copley Place, Boston,
Massachusetts 02116.
(c) The principal business of the Reporting Persons is to make
investments in common stock and other interests in business organizations,
domestic or foreign, with the principal objective of appreciation of
capital invested.
(d) During the last five years, none of the Reporting Persons
nor, to the best knowledge of such persons, any of the persons named in
Schedule A to this statement,
Page 10 of 19 Pages
<PAGE>
has been convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors).
(e) During the last five years, none of the Reporting Persons nor,
to the best knowledge of such persons, any of the persons named in Schedule
A to this statement, was a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which any
person was or is subject to a judgement, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with respect to
such laws.
(f) The Reporting Persons believe that all persons named in Schedule
A to this statement are citizens of the United States.
Item 3. Sources and Amount of Funds or Other Consideration:
--------------------------------------------------
On August 7, 1997, the Funds acquired 810,117 shares of common stock,
par value $0.01 per share, of Quaker Holding Co., a Delaware corporation
formed for the purpose of merging into the Company ("Quaker"), for an
aggregate sum of $16,694,380.71 pursuant to a Subscription Agreement dated
as of such date (the "Purchase Agreement"). A copy of the Purchase
Agreement is attached as Exhibit B and incorporated herein by reference.
Immediately after the acquisition of the shares of common stock of Quaker
by the Funds (and also on August 7, 1997), Quaker merged with and into the
Company, with the Company surviving. As a result of the merger, each share
of common stock of Quaker held by the Funds was converted into one share of
Common Stock. A copy of the Agreement and Plan of Merger dated as of May 4,
1997 is attached as Exhibit C and incorporated herein by reference.
The source of funds used as consideration by the Funds in this
transaction was a pool of capital raised for transactions of this type.
Item 4. Purpose of Transaction:
----------------------
Each of the Funds acquired the Common Stock for its own account with
the present intention of holding the Common Stock for purposes of
investment. As of the date hereof, the Funds are the beneficial owners of
810,117 shares of Common Stock (see Item 5). Depending on market conditions
and other factors, including evaluation of the Company's business and
prospects, ability to dispose of the shares to a third party, ability to
dispose of shares in the market, availability of funds, alternative uses of
funds and general economic conditions, the Funds may from time to time
purchase additional securities of the Company or dispose of all or a
portion of their investment in the Company.
On August 7, 1997, the Company, certain of its stockholders and the
Funds entered into an Investors' Agreement (the "Investors' Agreement")
pursuant to which, among other things, the Funds agreed to vote the shares
of Common Stock held by them in favor of a board of directors of seven
members, six of which may be designated by DLJ Merchant Banking Partners
II, L.P. and one of which may be designated by certain management
shareholders of the Company. A copy of the Investors' Agreement is attached
as Exhibit D and incorporated herein by reference.
Except as otherwise described in this statement, none of the Reporting
Persons nor, to the best knowledge of such persons, any of the persons
named on Schedule A to this statement, has any present plans or proposals
which relate to or would result in:
Page 11 of 19 Pages
<PAGE>
(a) The acquisition by any person of additional securities of the
Company, or the disposition of securities of the Company;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Company or any of
its subsidiaries;
(c) A sale or transfer of a material amount of assets of the Company
or of any of its subsidiaries;
(d) Any change in the present board of directors or management of the
Company, including any plans or proposals to change the number or
term of directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend
policy of the Company;
(f) Any other material change in the Company's business or corporate
structure, including but not limited to, if the Company is a
registered closed-end investment company, any plans or proposals
to make any changes in its investment policy for which a vote is
required by Section 13 of the Investment Company Act of 1940;
(g) Changes to the Company's charter, bylaws or instruments
corresponding thereto or other actions which may further impede
the acquisition of control of the Company by any person;
(h) Causing a class of securities of the issuer to be delisted from a
national securities exchange or to cease to be authorized to be
quoted in an inter-dealer quotation system of a registered
national securities association;
(i) A class of equity securities of the Company becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Securities Act of 1933, as amended; or
(j) Any action similar to any of those enumerated above.
Item 5. Interest In Securities of the Issuer:
------------------------------------
(a) - (c) Each Reporting Person has, as of August 7, 1997, shared
power to vote or to direct the vote and shared power to dispose or to
direct the disposition of the Common Stock as follows:
Bain Capital Fund V, L.P. BCF-V has the shared power to vote and to
dispose of 158,619 shares of Common Stock currently held by BCF-V,
constituting approximately 1.3% of the outstanding Common Stock.
Bain Capital Fund V-B, L.P. BCF-V-B has the shared power to vote and
to dispose of 413,039 shares of Common Stock currently held by BCF-V-B,
constituting approximately 3.3% of the outstanding Common Stock.
Bain Capital Partners V, L.P. BCP, as the sole general partner of BCF-
V and BCF-V-B, may be deemed to have the shared power to vote and to
dispose of 571,658 shares of Common Stock currently held by BCF-V and
BCF-V-B, which constitutes approximately 4.6% of the outstanding Common
Stock. The filing of this Schedule 13D by BCP shall not
Page 12 of 19 Pages
<PAGE>
be considered an admission that BCP is, for the purpose of Section 13(d) of
the Exchange Act, the beneficial owner of such shares held by BCF-V or BCF-
V-B.
Bain Capital Investors V, Inc. BCI, as the sole general partner of
BCP, may be deemed to have the shared power to vote and to dispose of
571,658 shares of Common Stock currently held by BCF-V and BCF-V-B, which
constitutes approximately 4.6% of the outstanding Common Stock. The filing
of this Schedule 13D by BCI shall not be considered an admission that BCI
is, for the purpose of Section 13(d) of the Exchange Act, the beneficial
owner of such shares held by BCF-V or BCF-V-B.
W. Mitt Romney. Mr. Romney, as the sole stockholder of BCI, may be
deemed to have the shared power to vote and to dispose of 571,658 shares of
Common Stock currently held by BCF-V and BCF-V-B. In addition, Mr. Romney
serves as a member of the Management Committee of BCIP and BCIPT and, in
such capacity, may be deemed to have the shared power to vote and dispose
of the 238,459 shares of Common Stock currently held by BCIP and BCIPT. In
total, these 810,117 shares of Common Stock held by the Funds constitute
approximately 6.5% of the outstanding Common Stock. The filing of this
Schedule 13D by Mr. Romney shall not be considered an admission that Mr.
Romney is, for the purpose of Section 13(d) of the Exchange Act, the
beneficial owner of such shares held by the Funds.
Joshua Bekenstein. Mr. Bekenstein, as a member of the Management
Committee of BCIP and BCIPT, may be deemed to have the shared power to vote
and dispose of the 238,459 shares of Common Stock currently held by BCIP
and BCIPT, which constitutes approximately 1.9% of the outstanding Common
Stock. The filing of this Schedule 13D by Mr. Bekenstein shall not be
considered an admission that Mr. Bekenstein is, for the purpose of Section
13(d) of the Exchange Act, the beneficial owner of such shares held by BCIP
or BCIPT.
BCIP Associates. BCIP has the shared power to vote and to dispose of
124,016 shares of Common Stock currently held by BCIP, which constitutes
approximately 1.0% of the outstanding Common Stock.
BCIP Trust Associates, L.P. BCIPT has the shared power to vote and to
dispose of 114,443 shares of Common Stock currently held by BCIPT, which
constitutes approximately 0.9% of the outstanding Common Stock.
Pursuant to Rule 13d-5(b)(1) under the Exchange Act, the Reporting
Persons may be deemed as a "group" to have beneficial ownership of 810,117
shares of Common Stock, the aggregate number of shares of Common Stock held
by the Funds, representing approximately 6.5% of the outstanding Common
Stock as of August 7, 1997.
The Reporting Persons and the other parties to the Investors'
Agreement (as identified on the signatures pages thereto) may also be
deemed a "group" for purposes of Section 13(d)(3) of the Act as a result of
the voting arrangements set forth in the Investors' Agreement, as described
in Item 4 above.
Except as otherwise specifically noted, all of the percentages
calculated in this Schedule 13D are based upon an aggregate of 12,402,458
shares of Common Stock outstanding as of August 7, 1997, as disclosed to
the Reporting Person by the Company. Each Reporting Person expressly
disclaims beneficial ownership of any shares of Common Stock beneficially
owned by each other Reporting Person and by the other parties to the
Investors' Agreement.
Page 13 of 19 Pages
<PAGE>
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer:
Except as otherwise set forth in this statement (and the agreements
referenced herein), to the best knowledge of the Reporting Persons, no
contracts, arrangements, understandings or relationships (legal or
otherwise) exist among the persons named in Item 2 or between such persons
and any other person with respect to any securities of the Company,
including but not limited to transfer or voting of any of the securities,
finders' fees, joint ventures, loan or option arrangements, puts or calls,
guaranties of profits, division of profits or loss, or the giving or
withholding or proxies.
Item 7. Material to be Filed As Exhibits:
Exhibit A -- Agreement Re Joint Filing of Schedule 13D.
Exhibit B -- Subscription Agreement among the Funds and certain other
stockholders of the Company named therein, incorporated herein by
reference to Exhibit No. 2 to the Schedule 13D filed on behalf of
Apollo Investment Fund III, L.P. on August 18, 1997.
Exhibit C -- Agreement and Plan of Merger dated as of May 4, 1997
between the Company and Quaker Holding Co., incorporated herein by
reference to Exhibit No. 1 to the Schedule 13D filed on behalf of
Apollo Investment Fund III, L.P. on August 18, 1997.
Exhibit D -- Investors' Agreement among the Funds and certain other
stockholders of the Company named therein, incorporated herein by
reference to Exhibit No. 3 to the Schedule 13D filed on behalf of
Apollo Investment Fund III, L.P. on August 18, 1997.
Page 14 of 19 Pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Date: August 18, 1997
BAIN CAPITAL FUND V, L.P.
By: Bain Capital Partners V, L.P.
Its: General Partner
By: Bain Capital Investors V, Inc.
Its: General Partner
By: /s/ W. Mitt Romney
------------------------------------
A Managing Director
BAIN CAPITAL FUND V-B, L.P.
By: Bain Capital Partners V, L.P.
Its: General Partner
By: Bain Capital Investors V, Inc.
Its: General Partner
By: /s/ W. Mitt Romney
------------------------------------
A Managing Director
BAIN CAPITAL PARTNERS V, L.P.
By: Bain Capital Investors V, Inc.
Its: General Partner
By: /s/ W. Mitt Romney
------------------------------------
A Managing Director
Page 15 of 19 Pages
<PAGE>
BAIN CAPITAL INVESTORS V, INC.
By: /s/ W. Mitt Romney
----------------------------------
Name: W. Mitt Romney
Title: President and Chief
Economic Officer
/s/ W. Mitt Romney
----------------------------------
W. Mitt Romney
/s/ Joshua Bekenstein
----------------------------------
Joshua Bekenstein
BCIP ASSOCIATES
By: /s/ W. Mitt Romney
----------------------------------
A General Partner
BCIP TRUST ASSOCIATES, L.P.
By: /s/ W. Mitt Romney
----------------------------------
A General Partner
Page 16 of 19 Pages
<PAGE>
Schedule A
----------
The Reporting Persons are investment partnerships associated with Bain
Capital, Inc., a Delaware corporation ("Bain Capital, Inc."), which is a
management company.
Bain Capital Partners V, L.P., a Delaware limited partnership ("BCP"),
is the sole general partner of each of BCF-V and BCF-V-B. The sole general
partner of BCP is Bain Capital Investors V, Inc., a Delaware corporation
("BCI"). W. Mitt Romney is the sole shareholder of BCI. The director and
executive officers of BCI are: Mr. Joshua Bekenstein (Treasurer and Managing
Director), Mr. Edward Conard (Managing Director), Mr. David Dominik (Managing
Director), Mr. Paul B. Edgerley (Managing Director), Mr. Robert C. Gay (Managing
Director), Mr. Adam Kirsch (Managing Director), Mr. Ronald P. Mika (Managing
Director), Mr. Mark E. Nunnelly (Managing Director), Mr. Stephen G. Pagliuca
(Secretary and Managing Director), Mr. Geoffrey S. Rehnert (Managing Director),
Mr. W. Mitt Romney (Director, President, CEO and Managing Director), Mr. Robert
F. White (Managing Director), and Mr. Marc B. Wolpow (Managing Director).
The general partners of both BCIP and BCIPT with an interest in the
issuer's securities include Prescott Ashe, Charles A. Ballard, Andrew Balson,
Steven Barnes, Joshua Bekenstein, Carson Biederman, Roy Edgar Brakeman, III,
Sherwin Chen, Edward Conard, John P. Connaughton, Todd Cook, Christin P. Daly,
David Dominik, Paul B. Edgerley, Domenic Ferrante, E. Blair Ford, Jacques
Garibaldi, Robert C. Gay, Nathan Gilliland, Jonathan Goodman, Marshall Haines,
Igor Ioppe, Yoo Jin Kim, Adam Kirsch, Michael Krupka, Jonathan Lavine, Matthew
Levin, Susan Lock, Ian Loring, Phil Loughlin, John W. Maki, Michele D. May,
Sarma Melngailis, Ronald P. Mika, Jacob Mizrahi, Thomas W. Morgan, Kristin W.
Mugford, Brian Murphy, Mark Nunnelly, Jack O'Malley, Stephen G. Pagliuca,
William Pappendick, Dwight Poler, Joseph Pretlow, Geoffrey S. Rehnert, Ian
Reynolds, Tchad Clark Robinson, W. Mitt Romney, Douglas J. Rudisch, Ashish
Rughwani, Neil Simpkins, Paul Spinale, Ann Marie Viglione, Robert F. White and
Marc B. Wolpow.
Page 17 of 19 Pages
<PAGE>
Exhibit A
---------
AGREEMENT REGARDING THE JOINT FILING OF
SCHEDULE 13G
_____________________
The undersigned hereby agree as follows:
(i) Each of them is individually eligible to use the Schedule 13D to
which this Exhibit is attached, and such Schedule 13D is filed on behalf of each
of them; and
(ii) Each of them is responsible for the timely filing of such
Schedule 13D and any amendments thereto, and for the completeness and accuracy
of the information concerning such person contained therein; but none of them is
responsible for the completeness or accuracy of the information concerning the
other persons making the filing, unless such person knows or has reason to
believe that such information is inaccurate.
Date: August 18, 1997 BAIN CAPITAL FUND V, L.P.
By: Bain Capital Partners V, L.P.
Its: General Partner
By: Bain Capital Investors V, Inc.
Its: General Partner
By: /s/ W. Mitt Romney
------------------------------------
A Managing Director
BAIN CAPITAL FUND V-B, L.P.
By: Bain Capital Partners V, L.P.
Its: General Partner
By: Bain Capital Investors V, Inc.
Its: General Partner
By: /s/ W. Mitt Romney
------------------------------------
A Managing Director
Page 18 of 19 Pages
<PAGE>
BAIN CAPITAL PARTNERS V, L.P.
By: Bain Capital Investors V, Inc.
Its: General Partner
By: /s/ W. Mitt Romney
-----------------------------
A Managing Director
BAIN CAPITAL INVESTORS V, INC.
By: /s/ W. Mitt Romney
-----------------------------
Name: W. Mitt Romney
Title: President and Chief
Economic Officer
/s/ W. Mitt Romney
-----------------------------------
W. Mitt Romney
/s/ Joshua Bekenstein
-----------------------------------
Joshua Bekenstein
BCIP ASSOCIATES
By: /s/ W. Mitt Romney
-----------------------------
A General Partner
BCIP TRUST ASSOCIATES, L.P.
By: /s/ W. Mitt Romney
-----------------------------
A General Partner
Page 19 of 19 Pages
