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UNITED STATES ------------------------
SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
WASHINGTON, D.C. 20549 ------------------------
OMB Number: 3235-0145
Expires: August 31, 1999
Estimated average burden
hours per response 14.90
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
CardioTech International, Inc.
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(NAME OF ISSUER)
Common Stock, par value $.01 per share
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(TITLE OF CLASS OF SECURITIES)
14160C-10-0
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(CUSIP NUMBER)
Harvey M. Eisenberg, Esq.
O'Sullivan Graev & Karabell, LLP
30 Rockefeller Plaza
New York, NY 10112
(212) 408-2400
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(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO
RECEIVE NOTICES AND COMMUNICATIONS)
December 7, 2000
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(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 that is the subject of this Schedule 13D, and is
filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box /X/.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 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).
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.
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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) X
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3. SEC USE ONLY
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4. SOURCE OF FUNDS (SEE INSTRUCTIONS) WC
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5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
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6. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE
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NUMBER OF SHARES
BENE- 7. SOLE VOTING POWER 442,127
FICIALLY BY -------------------------------------------------------------
OWNED BY EACH
REPORTING PERSON 8. SHARED VOTING POWER 0
WITH:
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9. SOLE DISPOSITIVE POWER 442,127
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10. SHARED DISPOSITIVE POWER 0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
436,817
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12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.2%
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14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
2
<PAGE>
Dresdner Kleinwort Benson Private Equity Partners LP (hereinafter referred to as
"DKBPEP") hereby amends its statement on Schedule 13D, filed as of November 23,
1998 and amended as of September 24, 1999, May 3, 2000 and September 5, 2000
relating to (i) the 7% Convertible Senior Secured Note (together with notes
received as pay-in-kind interest, the "Notes") due March 31, 2003 issued by
CardioTech International, Inc. ("CardioTech" or the "Issuer") and (ii) the
Series A Preferred Stock issued by CardioTech (including the additional
conversion rights thereunder as a result of accrued but unpaid dividends), (the
"Preferred Shares"), as set forth below.
ITEM 2. IDENTITY AND BACKGROUND.
Schedule A is hereby amended in its entirety by replacing it with the attached
Schedule A.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
This section is hereby amended by adding the following paragraph at the end
thereto:
"Since September 5,2000 (the date with respect to which DKBPEP filed
its latest amendment to its 13D regarding its investment in CardioTech) DKBPEP
has filed Form 4s with the Securities and Exchange Commission (the "SEC")
relating to securities acquired through "Pay-in-kind" interest on the
outstanding Notes.
DKBPEP has since sold additional shares of Common Stock received from
the conversion of Convertible Preferred Stock pursuant to Rule 144 of the
Securities Act of 1933, as amended. DKBPEP has also received a partial
redemption of the 7% Convertible Senior Secured Notes due March 31, 2003 issued
by CardioTech.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 is hereby amended by replacing subsection (a) with the following:
(a) DKBPEP currently owns 45,018 shares of Common Stock of the
Issuer. Upon conversion of the Additional Notes issued as of September 24, 1999,
and accrued interest thereon, subject to the receipt of applicable regulatory
approvals, DKBPEP would acquire 5.2% of the issued and outstanding shares of
Common Stock (determined after giving effect to the conversion).
3
<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: December 7, 2000
DRESDNER KLEINWORT BENSON
PRIVATE EQUITY PARTNERS LP
By: DRESDNER KLEINWORT BENSON
PRIVATE EQUITY MANAGERS LLC,
its general partner
By: ________________________________ By: ______________________________
Name: John Walker Name: Christopher Hammond
Title: Authorized Signatory Title: Vice President
4
<PAGE>
SCHEDULE A
ITEM 1. INFORMATION FOR OFFICERS AND DIRECTORS
DKBPEM
EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
Person Title
-------------- ----------------
<S> <C>
Christopher Wright Investment Partner and Board Member
Jonathan Walker Investment Partner and Board Member
Iain Leigh Investment Partner and Board Member
Richard H. Wolf Investment Partner
Alexander Coleman Investment Partner
George Fugelsang Board Member
</TABLE>
All officers and advisory board members of DKBPEM have the same address: 75 Wall
Street, New York, NY 10005-2889.
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<PAGE>
SCHEDULE A
DIRECTORS & OFFICERS
KLEINWORT BENSON GENERAL INVESTMENT COMPANY LIMITED
<TABLE>
<CAPTION>
NAME EMPLOYMENT ADDRESS CITIZENSHIP POSITION
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<S> <C> <C> <C> <C>
Paul Richard Freeman Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
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Stephen John Lowe Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
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Malcolm Francis Williams Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
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Andrew John White Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
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Christopher Wright Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
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Andrew Christian Cowley Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
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Audrey Morrison Kleinwort Benson Limited 20 Fenchurch Street British Secretary
London EC3P 3DB
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6
<PAGE>
DIRECTORS & OFFICERS
KLEINWORT BENSON LIMITED
<CAPTION>
NAME EMPLOYMENT ADDRESS CITIZENSHIP POSITION
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<S> <C> <C> <C> <C>
Konstantin Nikolaus Graf Von Schweinitz Kleinwort Benson Limited 20 Fenchurch Street German Director
London EC3P 3DB & COO
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Richard Philip Matthew Armstrong Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
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Patrick Joseph Daley Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
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Alexander David Forrester Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
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Paul Richard Freeman Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
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Peter Leonard Longcroft Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB &
Secretary
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Stephen John Lowe Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
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Keith Roy Palmer Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
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John Howard Pattinson Kleinwort Benson Limited 20 Fenchurch Street German Director
London EC3P 3DB
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Timothy Anthony Shacklock Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
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Alan Colin Drake Yarrow Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
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Manjit Boual Kleinwort Benson Limited 20 Fenchurch Street British Alternate
London EC3P 3DB Director
to
Timothy
Anthony
Shacklock
7
<PAGE>
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Stephen John Brooks Kleinwort Benson Limited 20 Fenchurch Street British Alternate
London EC3P 3DB Director
to Paul
Richard
Freeman
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Klaus-Michael Geiger Kleinwort Benson Limited 20 Fenchurch Street German Director
London EC3P 3DB
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John Gerard Conor Killeen Kleinwort Benson Limited 20 Fenchurch Street Irish Director
London EC3P 3DB
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Achilles Othon Macris Kleinwort Benson Limited 20 Fenchurch Street Greek Director
London EC3P 3DB
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Christopher Wright Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
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Simon John Mould Kleinwort Benson Limited 20 Fenchurch Street British Alternate
London EC3P 3DB Director
to Klaus-
Michael
Geiger
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Malcom Francis Williams Kleinwort Benson Limited 20 Fenchurch Street British Alternate
London EC3P 3DB Director
to
Christopher
Wright and
John Howard
Pattinson
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Robert Edward Murdin Kleinwort Benson Limited 20 Fenchurch Street British Alternate
London EC3P 3DB Director
to Roy
Palmer
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Andrew Julian Pisker Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
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Audrey Morrison Kleinwort Benson Limited 20 Fenchurch Street British Secretary
London EC3P 3DB
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Michelle Amey Kleinwort Benson Limited 20 Fenchurch Street British Secretary
London EC3P 3DB
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8
<PAGE>
DIRECTORS & OFFICERS
KLEINWORT BENSON GROUP LTD
<CAPTION>
NAME EMPLOYMENT ADDRESS CITIZENSHIP POSITION
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Paul Richard Freeman Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
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Peter Leonard Longcroft Kleinwort Benson Limited 20 Fenchurch Street British Director &
London EC3P 3DB Secretary
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Stephen John Lowe Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
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9
<PAGE>
DIRECTORS & OFFICERS
DRESDNER INVESTMENTS (UK) LIMITED
<CAPTION>
NAME EMPLOYMENT ADDRESS CITIZENSHIP POSITION
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Stephen John Lowe Kleinwort Benson Limited 20 Fenchurch Street British Director &
London EC3P 3DB Secretary
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Achilles Othon Macris Kleinwort Benson Limited 20 Fenchurch Street USA Director
London EC3P 3DB
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John Howard Pattinson Kleinwort Benson Limited 20 Fenchurch Street German Director
London EC3P 3DB
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10
<PAGE>
DIRECTORS & OFFICERS
INVERESK STOCKHOLDERS LIMITED
<CAPTION>
NAME EMPLOYMENT ADDRESS CITIZENSHIP POSITION
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Stephen John Brooks Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
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Paul Richard Freeman Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
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Peter Leonard Longcroft Kleinwort Benson Limited 20 Fenchurch Street British Director &
London EC3P 3DB Secretary
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Michelle Amey Kleinwort Benson Limited 20 Fenchurch Street British Secretary
London EC3P 3DB
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11
<PAGE>
DIRECTORS & OFFICERS
ZENON BETEILIGUNGSGESELLSCHAFT GMBH
<CAPTION>
NAME EMPLOYMENT ADDRESS CITIZENSHIP POSITION
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<S> <C> <C> <C> <C>
Wolfgang Kolb Dresdner Bank AG Juergen-Ponto-Platz 1 German Director
D-60301 Frankfurt am Main
Germany
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Manfred Schaudwet Dresdner Bank AG Juergen-Ponto-Platz 1 German Director
D-60301 Frankfurt am Main
Germany
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12
<PAGE>
MEMBERS OF THE SUPERVISORY BOARD
DRESDNER BANK AG
DRESDNER BANK AG
<CAPTION>
NAME EMPLOYMENT ADDRESS CITIZENSHIP POSITION
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<S> <C> <C> <C> <C>
Dr. Alfons Titzrath Dresdner Bank AG Koenigsallee 37 German Chairman of
40002 Duesseldorf the
Germany Supervisory
Board
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Dipl.-Kfm. Uwe Plucinski Dresdner Bank AG Jungfernstieg 22 German Deputy
20349 Hamburg Chairman of
Germany the
Supervisory
Board
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Klaus Carlin Marderstr. 73 German Member of
40789 Monheim the
Germany Executive
Board
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Meinhard Carstensen Dresdner Bank AG Jungfernstieg 22 German Member of
20349 Hamburg the
Germany Supervisory
Board
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Reinhard Droenner Federal Executive Board of Trade Johannes-Brahms-Platz 1 German Head of
Union DAG 20355 Hamburg Section
Germany Banks and
Savings
Banks
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Claudia Eggert-Lehmann Dresdner Bank AG Postfach 41 41 German Member of
58041 Hagen the
Germany Supervisory
Board
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Bernhard Enseling Dresdner Bank AG Kaiserstrasse 48, 2. OG German Member of
60301 Frankfurt am Main the
Germany Supervisory
Board
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Dr. Martin Fruehauf Aventis SA Postfach 80 03 20 German Deputy
65926 Frankfurt am Main Chairman of
Germany the
Supervisory
Board
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13
<PAGE>
Peter Haimerl Dresdner Bank AG Promenadeplatz 7 German Member of
80273 Munich the
Germany Supervisory
Board
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Manfred Karsten Oldenburgische Landesbank AG Bahnhofstrasse 2 German Member of
26122 Oldenburg the
Germany Supervisory
Board
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Ainis Kibermanis Dresdner Bank AG Taunusstrasse 40-42, 1. OG German Member of
60329 Frankfurt am Main the
Germany Supervisory
Board
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Bernd Kriegeskorte Dresdner Bank AG Promenadeplatz 7 German Member of
80273 Munich the
Germany Supervisory
Board
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Dr. rer. pol. Heinz Kriwet Thyssen Krupp AG August-Thyssen-Strasse 1 German Chairman of
40211 Duesseldorf the
Germany Supervisory
Board
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Prof. Dr. Edward G. Krubasik Siemens AG Wittelsbacherplatz 2 German Member of
80312 Munich the Managing
Germany Board of
Directors
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Dr. jur. Dietmar Kuhnt RWE AG Postfach 10 30 61 German Chairman of
45030 Essen the Managing
Germany Board of
Directors
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Michel Pebereau BNP Paribas SA 16, Boulevard des Italiens French President,
F-75450 Paris General
France Director
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Stefan Quandt DELTON AG Seedammweg 55 German Chairman of
61352 Bad Homburg the
Germany Supervisory
Board
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Sultan Salam Dresdner Bank AG Kaiserstrasse 63 German Member of
60329 Frankfurt am Main the
Germany Supervisory
Board
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Dr. Hans-Juergen Schinzler Muenchener Koeniginstrasse 107 German Chairman of
Rueckversicherungs-Gesellschaft 80802 Munich the Board
Germany of Managing
Directors
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Dr. jur. Hennig Schulte-Noelle Allianz AG Koeniginstrasse 28 German Chairman of
80802 Munich the Board
Germany of Managing
Directors
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14
<PAGE>
MEMBERS OF THE BOARD OF MANAGING DIRECTORS
DRESDNER BANK AG
AS OF NOVEMBER 2000
<CAPTION>
NAME EMPLOYMENT ADDRESS CITIZENSHIP POSITION
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Prof. Dr. Bernd Fahrholz Dresdner Bank AG Juergen-Ponto-Platz 1 German Chairman of
60301 Frankfurt am Main the Board of
Germany Managing
Directors
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Prof. Dr. Gerhard Barth Dresdner Bank AG Juergen-Ponto-Platz 1 German Member of
60301 Frankfurt am Main the Board of
Germany Managing
Directors
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Leonhard H. Fischer Dresdner Bank AG Juergen-Ponto-Platz 1 German Member of
60301 Frankfurt am Main the Board of
Germany Managing
Directors
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Dr. Andreas Georgi Dresdner Bank AG Juergen-Ponto-Platz 1 German Member of
60301 Frankfurt am Main the Board of
Germany Managing
Directors
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Dr. Joachim v. Harbou Dresdner Bank AG Juergen-Ponto-Platz 1 German Member of
60301 Frankfurt am Main the Board of
Germany Managing
Directors
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Joachim Maedler Dresdner Bank AG Juergen-Ponto-Platz 1 German Member of
60301 Frankfurt am Main the Board of
Germany Managing
Directors
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Dr. Horst Mueller Dresdner Bank AG Juergen-Ponto-Platz 1 German Member of
60301 Frankfurt am Main the Board of
Germany Managing
Directors
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Heinz-Joerg Platzek Dresdner Bank AG Juergen-Ponto-Platz 1 German Member of
60301 Frankfurt am Main the Board of
Germany Managing
Directors
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Dr. Bernd W. Voss Dresdner Bank AG Juergen-Ponto-Platz 1 German Member of
60301 Frankfurt am Main the Board of
Germany Managing
Directors
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</TABLE>
15
