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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
-----
International Manufacturing Services, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
45985A 10 1 CLA
-----------------------------------
(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).
Sec 1745 (2/92)
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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
-0- shares of Class A Common Stock and
-0- shares of Class B Common Stock/1/
NUMBER OF -----------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY -----------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING -0- shares of Class A Common Stock and
PERSON -0- shares of Class B Common Stock.
WITH See footnote 1.
-----------------------------------------------------
8. SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0- shares of Class A Common Stock and -0- 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
0%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
- -----------------------
/1/ On December 30, 1998, the Issuer merged with and into a wholly-owned
subsidiary of Celestica, Inc. pursuant to which each share of the Issuer's
Class A Common Stock and Class B Common Stock was exchanged for 0.40 of a
Subordinated Voting Share of Celestica, Inc.
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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
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
-0- shares of Class A Common Stock and
-0- shares of Class B Common Stock.
See footnote 1.
NUMBER OF -----------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY -----------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING -0- shares of Class A Common Stock and
PERSON -0- shares of Class B Common Stock.
WITH -----------------------------------------------------
8. SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0- shares of Class A Common Stock and -0- 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
0%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
SEC 1745 (2/92)
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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). Names 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
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
-0- shares of Class A Common Stock and -0- shares of
Class B Common Stock. See footnote 1.
(b) Percent of Class
0%
SEC 1745 (2/92)
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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
-0- shares of Class A Common Stock and
-0- 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
-0- shares of Class A Common Stock and
-0- 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:
--------------------------------------------
This statement is filed to report the fact that as of the
date hereof, the Reporting Persons have ceased to be the beneficial owners of
more than five percent of the Class A Common Stock and Class B Common Stock of
the Issuer. [X]
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 we certify that, to the best of our
knowledge and belief, the securities referred to above were not 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.
SEC 1745 (2/92)
<PAGE>
- -------------------------------- -------------------------
CUSIP NO. 45985A 10 1 CLA Page 6 of 6 Pages
- -------------------------------- -------------------------
SIGNATURE
After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this statement is true,
complete and correct.
February 11, 1999 Prudential Private Equity Investors III, L.P.
By: Prudential Equity Investors, Inc.
its general partner
By: Cornerstone Equity Investors, L.L.C.
as Investment Advisor
By: /s/ William E. Austin, Jr.
----------------------------
Name: William E. Austin, Jr.
Title: Chief Financial Officer
Cornerstone Equity Investors, L.L.C.
By: /s/ William E. Austin, Jr.
----------------------------
Name: William E. Austin, Jr.
Title: Chief Financial Officer
