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OMB APPROVAL
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OMB Number: 3235-0145
Expires: August 31, 1999
Estimated average burden
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)*
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)
September 5, 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.
SEC 1746(2-98)
<PAGE>
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 1,679,820
FICIALLY ---------------------------------------------------------------
OWNED BY
EACH 8. SHARED VOTING POWER 0
REPORTING ---------------------------------------------------------------
PERSON WITH:
9. SOLE DISPOSITIVE POWER 1,679,820
---------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,679,820
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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) 16.7%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
<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 and May 3, 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 May 3,2000 (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 1) "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. ".
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 is hereby amended by replacing subsection (a) with the following:
(a) DKBPEP currently owns 131,713 shares of Common Stock of the
Issuer. Upon conversion of the Note, the Additional Notes issued as of September
24, 1999, and accrued interest thereon, subject to the receipt of applicable
regulatory approvals, DKBPEP would acquire 16.7% of the issued and outstanding
shares of Common Stock (determined after giving effect to the conversion).
ITEM 7. MATERIAL TO BE FILED IN EXHIBITS
Item 7 is hereby amended by adding the following paragraph to the end thereto:
<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: September 5, 2000
DRESDNER KLEINWORT BENSON
PRIVATE EQUITY PARTNERS LP
By: DRESDNER KLEINWORT BENSON
PRIVATE EQUITY MANAGERS LLC,
its general partner
By: /s/ Iain Leigh By: /s/ Christopher Hammond
------------------------------ -----------------------------
Name: Iain Leigh Name: Christopher Hammond
Title: Authorized Signatory Title: Vice President
<PAGE>
SCHEDULE A
ITEM 1. INFORMATION FOR OFFICERS AND DIRECTORS
DKBPEM
EXECUTIVE OFFICERS
Person Title
------ -----
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
All officers and advisory board members of DKBPEM have the same address: 75 Wall
Street, New York, NY 10005-2889.
<PAGE>
SCHEDULE A
DIRECTORS & OFFICERS
--------------------
KLEINWORT BENSON GENERAL INVESTMENT COMPANY LIMITED
<TABLE>
<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
-----------------------------------------------------------------------------------------------------------------------------------
Peter Leonard LONGCROFT Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
Stephen John LOWE Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
Malcolm Francis WILLIAMS Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
Andrew John WHITE Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
6
<PAGE>
SCHEDULE A
DIRECTORS & OFFICERS
--------------------
KLEINWORT BENSON LIMITED
<TABLE>
<CAPTION>
NAME EMPLOYMENT ADDRESS CITIZENSHIP POSITION
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Gerd Rolf HAEUSLER Dresdner Bank AG Juergen-Ponto-Platz 1 German Chairman
D-60301 Frankfurt am Main,
Germany
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Timothy Gwynne BARKER Kleinwort Benson Limited 20 Fenchurch Street British Vice Chairman
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
Konstantin Graf Von Schweinitz Kleinwort Benson Limited 20 Fenchurch Street German Director & COO
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
Richard Philip Matthew ARMSTRONG Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
Patrick Joseph DALEY Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
Alexander David FORRESTER Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
Paul Richard FREEMAN Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
Thiam Joo LIM Kleinwort Benson Limited 20 Fenchurch Street Malaysian Director
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
Peter Leonard LONGCROFT Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
Stephen John LOWE Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
Keith Roy PALMER Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
John Howard PATTINSON Kleinwort Benson Limited 20 Fenchurch Street German Director
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
Timothy Anthony SHACKLOCK Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
7
<PAGE>
SCHEDULE A
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Alan Colin Drake YARROW Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
8
<PAGE>
SCHEDULE A
DIRECTORS & OFFICERS
--------------------
KLEINWORT BENSON GROUP LTD
<TABLE>
<CAPTION>
NAME EMPLOYMENT ADDRESS CITIZENSHIP POSITION
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Gerd Rolf HAEUSLER Dresdner Bank AG Juergen-Ponto-Platz 1 German Deputy Chairman
D-60301 Frankfurt am Main,
Germany
-----------------------------------------------------------------------------------------------------------------------------------
Paul Richard FREEMAN Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
Peter Leonard LONGCROFT Kleinwort Benson Limited 20 Fenchurch Street British Director &
London EC3P 3DB Secretary
-----------------------------------------------------------------------------------------------------------------------------------
Stephen John LOWE Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
9
<PAGE>
SCHEDULE A
DIRECTORS & OFFICERS
--------------------
DRESDNER INVESTMENTS (UK) PLC
<TABLE>
<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
-----------------------------------------------------------------------------------------------------------------------------------
Achilles Othon MACRIS Kleinwort Benson Limited 20 Fenchurch Street USA Director
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
John Howard PATTINSON Kleinwort Benson Limited 20 Fenchurch Street German Director
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
10
<PAGE>
SCHEDULE A
DIRECTORS & OFFICERS
--------------------
INVERESK STOCKHOLDERS LIMITED
<TABLE>
<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
-----------------------------------------------------------------------------------------------------------------------------------
Paul Richard Freeman Kleinwort Benson Limited 20 Fenchurch Street British Director
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
Peter Leonard Longcroft Kleinwort Benson Limited 20 Fenchurch Street British Director &
London EC3P 3DB Secretary
-----------------------------------------------------------------------------------------------------------------------------------
Michelle Amey Kleinwort Benson Limited 20 Fenchurch Street British Secretary
London EC3P 3DB
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
11
<PAGE>
SCHEDULE A
DIRECTORS & OFFICERS
--------------------
ZENON BETEILIGUNGSGESELLSCHAFT GMBH
<TABLE>
<CAPTION>
NAME EMPLOYMENT ADDRESS CITIZENSHIP POSITION
-----------------------------------------------------------------------------------------------------------------------------------
<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
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
12
<PAGE>
SCHEDULE A
MEMBERS OF THE SUPERVISORY BOARD
--------------------------------
DRESDNER BANK AG
<TABLE>
<CAPTION>
NAME EMPLOYMENT ADDRESS CITIZENSHIP POSITION
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Dr. Alfons Titzrath Dresdner Bank AG Koenigsallee 37 German Chairman of the Supervisory
40002 Duesseldorf Board
Germany
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Dipl.-Kfm. Uwe Plucinski Dresdner Bank AG Jungfernstieg 22 German Deputy Chairman of the
20349 Hamburg Supervisory Board
Germany
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Klaus Carlin Trade Union HBV Kanzlerstrasse 8 German Member of the Executive
40472 Duesseldorf Board
Germany
-----------------------------------------------------------------------------------------------------------------------------------
Meinhard Carstensen Dresdner Bank AG Jungfernstieg 22 German Member of the Supervisory
20349 Hamburg Board
Germany
-----------------------------------------------------------------------------------------------------------------------------------
Reinhard Droenner Federal Executive Board of Johannes-Brahms-Platz 1 German Head of Section Banks and
Trade Union DAG 20355 Hamburg Savings Banks
Germany
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Claudia Eggert-Lehmann Dresdner Bank AG Postfach 41 41 German Member of the Supervisory
58041 Hagen Board
Germany
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Bernhard Enseling Dresdner Bank AG Kaiserstrasse 48, German Member of the Supervisory
2. OG Board
60301 Frankfurt am Main
Germany
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Dr. Martin Fruehauf Aventis S.A. Postfach 80 03 20 German Deputy Chairman of the
65926 Frankfurt am Main Supervisory Board
Germany
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</TABLE>
13
<PAGE>
SCHEDULE A
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Peter Haimerl Dresdner Bank AG Promenadeplatz 7 German Member of the
80273 Munich Supervisory Board
Germany
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Manfred Karsten Oldenburgische Landesbank AG Bahnhofstrasse 2 German Member of the
26122 Oldenburg Supervisory Board
Germany
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Ainis Kibermanis Dresdner Bank AG Taunusstrasse 40-42, 1. OG German Member of the
60329 Frankfurt am Main Supervisory Board
Germany
-----------------------------------------------------------------------------------------------------------------------------------
Bernd Kriegeskorte Dresdner Bank AG Promenadeplatz 7 German Member of the
80273 Munich Supervisory Board
Germany
-----------------------------------------------------------------------------------------------------------------------------------
Dr. rer. pol. Heinz Kriwet Thyssen Krupp AG August-Thyssen-Strasse 1 German Chairman of the
40211 Duesseldorf Supervisory Board
Germany
-----------------------------------------------------------------------------------------------------------------------------------
Dr. Edward G. Krubasik Siemens AG Wittelsbacherplatz 2 German Member of the Managing
80312 Munich Board of Directors
Germany
-----------------------------------------------------------------------------------------------------------------------------------
Dr. jur. Dietmar Kuhnt TeSSAG Technische Systeme & Postfach 10 30 61 German Chairman of the Managing
Services AG 45030 Essen Board of Directors
Germany
-----------------------------------------------------------------------------------------------------------------------------------
Michel Pebereau Banque Nationale de Paris S.A. 16, Boulevard des Italiens French President, General
F-75450 Paris Director
France
-----------------------------------------------------------------------------------------------------------------------------------
Bernd Pischetsrieder German Member of the
Supervisory Board
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</TABLE>
14
<PAGE>
SCHEDULE A
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Sultan Salam Dresdner Bank AG Kaiserstrasse 63 German Member of the
60329 Frankfurt am Main Supervisory Board
Germany
-----------------------------------------------------------------------------------------------------------------------------------
Dr. Hans-Juergen Schinzler Muenchener Koeniginstrasse 107 German Chairman of the Board of
Rueckversicherungs-Gesellschaft 80802 Munich Managing Directors
Germany
-----------------------------------------------------------------------------------------------------------------------------------
Dr. jur. Hennig Schulte-Noelle Allianz AG Koeniginstrasse 28 German Chairman of the Board of
80802 Munich Managing Directors
Germany
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
15
<PAGE>
SCHEDULE A
MEMBERS OF THE BOARD OF MANAGING DIRECTORS
------------------------------------------
DRESDNER BANK AG
AS OF JULY 1, 1999
<TABLE>
<CAPTION>
NAME EMPLOYMENT ADDRESS CITIZENSHIP POSITION
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Dr. Bernd Fahrholz Dresdner Bank AG Juergen-Ponto-Platz 1 German Chairman of the Board of
60301 Frankfurt am Main Managing Directors
Germany
-----------------------------------------------------------------------------------------------------------------------------------
Leonhard H. Fischer Dresdner Bank AG Juergen-Ponto-Platz 1 German Deputy Member of the Board
60301 Frankfurt am Main of Managing Directors
Germany
-----------------------------------------------------------------------------------------------------------------------------------
Dr. Joachim v. Harbou Dresdner Bank AG Juergen-Ponto-Platz 1 German Member of the Board of
60301 Frankfurt am Main Managing Directors
Germany
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
16
<PAGE>
SCHEDULE A
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Dr. Horst Mueller Dresdner Bank AG Juergen-Ponto-Platz 1 German Member of the Board of
60301 Frankfurt am Main Managing Directors
Germany
-----------------------------------------------------------------------------------------------------------------------------------
Heinz-Joerg Platzek Dresdner Bank AG Juergen-Ponto-Platz 1 German Member of the Board of
60301 Frankfurt am Main Managing Directors
Germany
-----------------------------------------------------------------------------------------------------------------------------------
Dr. Bernd W. Voss Dresdner Bank AG Juergen-Ponto-Platz 1 German Member of the Board of
60301 Frankfurt am Main Managing Directors
Germany
-----------------------------------------------------------------------------------------------------------------------------------
Dr. Andreas Georgi Dresdner Bank AG Juergen-Ponto-Platz 1 German Member of the Board of
60301 Frankfurt am Main Managing Directors
Germany
-----------------------------------------------------------------------------------------------------------------------------------
Joachim Maedler Dresdner Bank AG Juergen-Ponto-Platz 1 German Member of the Board of
60301 Frankfurt am Main Managing Directors
Germany
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
17
