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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. ________)*
CardioTech International, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
14160C-10-0
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(CUSIP Number)
March 31, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
/ / Rule 13d-1(b)
/X/ Rule 13d-1(c)
/ / Rule 13d-1(d)
*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).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.
Page 1 of 6 pages
SEC 1745(3-98)
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CUSIP No. 14160C-10-0
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Dresdner Kleinwort Benson Private Equity Partners LP
13-3949246
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
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3. SEC Use Only
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4. Citizenship or Place of Organization Delaware
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Number of
Shares 5. Sole Voting Power 832,080
Bene- -----------------------------------------------------------------
ficially
Owned by 6. Shared Voting Power None
Each -----------------------------------------------------------------
Reporting
Person 7. Sole Dispositive Power 832,080
With:
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8. Shared Dispositive Power None
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9. Aggregate Amount Beneficially Owned by Each Reporting Person 832,080
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10. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
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11. Percent of Class Represented by Amount in Row (11) 16.30%
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12. Type of Reporting Person (See Instructions) PN
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Page 2 of 6 pages
SEC 1745(3-98)
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ITEM 1.
(a) Name of Issuer:
CardioTech International, Inc.
(b) Address of Issuer's Principal Executive Offices:
11 State Street
Woburn, Massachusetts 01801
ITEM 2.
(a) Name of Person Filing:
Dresdner Kleinwort Benson Private Equity Partners LP
(b) Address of Principal Business Office or, if none, Residence:
75 Wall Street
New York, New York 10005
(c) Citizenship:
Delaware
(d) Title of Class of Securities:
Common Stock, $.01 par value
(e) CUSIP Number:
14160C-10-0
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), OR
SECTION 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) / / Broker or Dealer registered under section 15 of the Act
(15 U.S.C. 78c)
(b) / / Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) / / Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) / / Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) / / An investment adviser in accordance with
Section 240.13d-1(b)(1)(ii)(E);
(f) / / An employee benefit plan or endowment fund in accordance with
Section 240.13d-1(b)(1)(ii)(F);
(g) / / A parent holding company or control person in accordance with
Section 240.13d-1(b)(1)(ii)(G);
(h) / / A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) / / A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3);
(j) / / Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box. /X/
Page 3 of 6 pages
SEC 1745(3-98)
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ITEM 4. OWNERSHIP
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 832,080
(b) Percent of class: 16.30%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 832,080
(ii) Shared power to vote or to direct the vote: None
(iii) Sole power to dispose or to direct the disposition of: 832,080
(iv) Shared power to dispose or to direct the disposition of: None
Instruction. For computations regarding securities which represent a right
to acquire an underlying security see Section 240.13d-3(d)(1).
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
Page 4 of 6 pages
SEC 1745(3-98)
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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.
Date: April 10, 1998
DRESDNER KLEINWORT BENSON PRIVATE EQUITY
PARTNERS LP
By: Dresdner Kleinwort Benson Private Equity
Managers LLC, its General Partner
By: /s/ Jonathan Walker
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Jonathan Walker
Authorized Person
Page 5 of 6 pages
SEC 1745(3-98)
