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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
INTERNATIONAL MANUFACTURING SERVICES, INC.
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(Name of Issuer)
CLASS A COMMON STOCK
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(Title of Class of Securities)
45985A 10 1 CLA
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(CUSIP Number)
Check the following box if a fee is being paid with this statement
[ ]. (A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7).
*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 the
disclosures provided in a prior cover page.
The information required in 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).
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CUSIP NO. 45985A 10 1 CLA 13G PAGE 2 OF 6 PAGES
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Prudential Private Equity Investors III, L.P.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
4,535,370 shares of Class A Common Stock (includes
2,509,425 shares of Class B Common Stock). /1/
NUMBER OF --------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 4,535,370 shares of Class A Common Stock (includes
2,509,425 shares of Class B Common Stock).
See footnote 1.
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,535,370 shares of Class A Common Stock (includes 2,509,425
shares of Class B Common Stock).
See footnote 1.
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
24.7%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- -------------------------------------------------------------------------------
- -------------------------
/1/ The 2,509,425 shares of Class B Common Stock are convertible on a 1-for-1
basis into Class A Common Stock. The conversion rights are subject to certain
limitations with respect to the aggregate percentage of ownership of the Class A
Common Stock allowed by the Reporting Person. In no event can the Reporting
Person own in excess of 19.9% of the outstanding Class A Common Stock and other
limitations may reduce such allowed percentage.
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CUSIP NO. 45985A 10 1 CLA 13G PAGE 3 OF 6 PAGES
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cornerstone Equity Investors, L.L.C.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
4,535,370 shares of Class A Common Stock (includes
2,509,425 shares of Class B Common Stock). /1/
NUMBER OF --------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 4,535,370 shares of Class A Common Stock (includes
2,509,425 shares of Class B Common Stock).
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,535,370 shares of Class A Common Stock (includes 2,509,425
shares of Class B Common Stock).
See footnote 1.
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
24.7%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO
- -------------------------------------------------------------------------------
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CUSIP NO. 45985A 10 1 CLA PAGE 4 OF 6 PAGES
Item 1(a). Name of Issuer:
- --------------------------
International Manufacturing Services, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
- -----------------------------------------------------------
2071 Concourse Drive
San Jose, CA 95131
Item 2(a). Name of Persons Filing:
- -----------------------------------
Prudential Private Equity Investors III, L.P. and Cornerstone Equity
Investors, L.L.C.
Prudential Private Equity Investors III, L.P. ("PPEI III") is a New
York limited partnership. Its sole general partner is Prudential
Equity Investors, Inc., an indirect wholly-owned subsidiary of The
Prudential Life Insurance Company of America. Cornerstone Equity
Investors, L.L.C. ("Cornerstone") is a Delaware limited liability
company that advises PPEI III with respect to its ownership of stock
of the Issuer. In such capacity it has the power to control the
voting and disposition of the shares of Common Stock.
Item 2(b). Address of Principal Business Office:
- -------------------------------------------------
PPEI III 8 Campus Drive
4th Floor, Arbor Circle South
Parsippany, NJ 07054
Cornerstone 717 Fifth Avenue
New York, NY 10022
Item 2(c). Citizenship:
- ------------------------
PPEI III New York
Cornerstone Delaware
Item 2(d). Title of Class of Securities:
- -----------------------------------------
Class A Common Stock and Class B Common Stock. See footnote 1.
Item 2(e). CUSIP Number:
- -------------------------
45985A 10 1 CLA
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b),
- ---------------------------------------------------------------------------
check whether the person filing is a:
- -------------------------------------
Item 4. Ownership
- ------------------
(a) Amount Beneficially Owned
4,535,370 shares of Class A Common Stock (includes 2,509,425 shares of
Class B Common Stock). See footnote 1.
(b) Percent of Class
24.7%
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CUSIP NO. 45985A 10 1 CLA PAGE 5 OF 6 PAGES
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
4,535,370 shares of Class A Common Stock (includes 2,509,425
shares of Class B Common Stock). See footnote 1.
(ii) shared power to vote or to direct the vote
-0-
(iii) sole power to dispose or to direct the disposition of
4,535,370 shares of Class A Common Stock (includes 2,509,425
shares of Class B Common Stock). See footnote 1.
(iv) shared power to dispose or to direct the disposition of
-0-
Item 5. Ownership of Five Percent or Less of a Class:
- -----------------------------------------------------
N/A
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
- ------------------------------------------------------------------------
N/A
Item 7. Identification and Classification of the Subsidiary which Acquired the
- -------------------------------------------------------------------------------
Security Being Reported on By the Parent Holding Company:
- --------------------------------------------------------
N/A
Item 8. Identification and Classification of Members of the Group:
- ------------------------------------------------------------------
N/A
Item 9. Notice of Dissolution of Group:
- ----------------------------------------
N/A
Item 10. Certification:
- -----------------------
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
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CUSIP NO. 45985A 10 1 CLA PAGE 6 OF 6 PAGES
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 13, 1998 Prudential Private Equity Investors III,
L.P.
By: Prudential Equity Investors, Inc.,
its general partner
By:/s/ Kevin C. Uebelien
------------------------------------
Name: Kevin C. Uebelien
Title: President
Cornerstone Equity Investors, L.L.C.
By:/s/ Mark Rossi
------------------------------------
Name: Mark Rossi
Title: Member
