SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) (c), AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. ___________) (1)
CliniChem Development Inc.
(Name of Issuer)
Callable Class A Common Stock, no par value
(Title of Class of Securities)
186906103
(CUSIP Number)
August 28, 1998
(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)
- -----------
1 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 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).
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Partners, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
49,200
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH
------=========================================================
8 SHARED DISPOSITIVE POWER
49,200
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
49,200
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.8 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 28 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
91,400
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH
------=========================================================
8 SHARED DISPOSITIVE POWER
91,400
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
91,400
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.4 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 28 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners II, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
21,200
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH
------=========================================================
8 SHARED DISPOSITIVE POWER
21,200
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,200
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.8 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 28 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners III, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
13,300
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH
------=========================================================
8 SHARED DISPOSITIVE POWER
13,300
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,300
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.5 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 28 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tinicum Partners, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
4,500
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH
------=========================================================
8 SHARED DISPOSITIVE POWER
4,500
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,500
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 28 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Management, L.L.C.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
146,700
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH
------=========================================================
8 SHARED DISPOSITIVE POWER
146,700
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
146,700
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IA, OO
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 28 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Partners, L.L.C.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
179,600
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH
------=========================================================
8 SHARED DISPOSITIVE POWER
179,600
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
179,600
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.6 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
OO
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 28 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Enrique H. Boilini
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Argentina
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
326,300
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH
------=========================================================
8 SHARED DISPOSITIVE POWER
326,300
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
326,300
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.1 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 28 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
David I. Cohen
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
South Africa
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
326,300
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH
------=========================================================
8 SHARED DISPOSITIVE POWER
326,300
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
326,300
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.1 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 28 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Joseph F. Downes
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
326,300
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH
------=========================================================
8 SHARED DISPOSITIVE POWER
326,300
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
326,300
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.1 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 28 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Fleur E. Fairman
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
179,600
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH
------=========================================================
8 SHARED DISPOSITIVE POWER
179,600
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
179,600
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.6 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 12 of 28 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Jason M. Fish
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
326,300
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH
------=========================================================
8 SHARED DISPOSITIVE POWER
326,300
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
326,300
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.1 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 13 of 28 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Andrew B. Fremder
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
326,300
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH
------=========================================================
8 SHARED DISPOSITIVE POWER
326,300
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
326,300
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.1 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 14 of 28 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Mellin
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
326,300
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH
------=========================================================
8 SHARED DISPOSITIVE POWER
326,300
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
326,300
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.1 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 15 of 28 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Stephen L. Millham
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
326,300
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH
------=========================================================
8 SHARED DISPOSITIVE POWER
326,300
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
326,300
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.1 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 16 of 28 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Meridee A. Moore
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
326,300
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH
------=========================================================
8 SHARED DISPOSITIVE POWER
326,300
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
326,300
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.1 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 17 of 28 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas F. Steyer
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
326,300
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH
------=========================================================
8 SHARED DISPOSITIVE POWER
326,300
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
326,300
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.1 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 18 of 28 Pages
<PAGE>
Item 1. Issuer
(a) Name of Issuer:
CliniChem Development Inc.
(b) Address of Issuer's Principal Executive Offices:
275 Armand-Frappier Boulevard, Laval, Quebec, Canada H7V 4A7
Item 2. Identity and Background.
A. Farallon Capital Partners, L.P. ("FCP")
(a) Farallon Capital Partners, L.P.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) California
(d) Callable Class A Common Stock, no par value (the "Shares")
(e) CUSIP No. 186906103
B. Farallon Capital Institutional Partners, L.P. ("FCIP")
(a) Farallon Capital Institutional Partners, L.P.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) California
(d)(e) The information set forth in (d) and (e) of Item 2(A) above
is incorporated herein.
C. Farallon Capital Institutional Partners II, L.P. ("FCIP II")
(a) Farallon Capital Institutional Partners II, L.P.
Page 19 of 28 Pages
<PAGE>
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) California
(d)(e) The information set forth in (d) and (e) of Item 2(A) above
is incorporated herein.
D. Farallon Capital Institutional Partners III, L.P. ("FCIP III")
(a) Farallon Capital Institutional Partners III, L.P.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) Delaware
(d)(e) The information set forth in (d) and (e) of Item 2(A) above
is incorporated herein.
E. Tinicum Partners, L.P. ("Tinicum")
(a) Tinicum Partners, L.P.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) New York
(d)(e) The information set forth in (d) and (e) of Item 2(A) above
is incorporated herein.
F. Farallon Capital Management, L.L.C. ("FCMLLC")
(a) Farallon Capital Management, L.L.C.
(b) One Maritime Plaza
Suite 1325
San Francisco, CA 94111
Page 20 of 28 Pages
<PAGE>
(c) Delaware
(d)(e) The information set forth in (d) and (e) of Item 2(A) above
is incorporated herein.
G. Farallon Partners, L.L.C. ("FPLLC")
(a) Farallon Partners, L.L.C.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) Delaware
(d)(e) The information set forth in (d) and (e) of Item 2(A) above
is incorporated herein.
H. Enrique H. Boilini ("Boilini")
(a) Enrique H. Boilini
(b) c/o Farallon Capital Management, L.L.C.
75 Holly Hill Lane
Greenwich, CT 06830
(c) Argentina
(d)(e) The information set forth in (d) and (e) of Item 2(A) above
is incorporated herein.
I. David I. Cohen ("Cohen")
(a) David I. Cohen
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) South Africa
(d)(e) The information set forth in (d) and (e) of Item 2(A) above
is incorporated herein.
Page 21 of 28 Pages
<PAGE>
J. Joseph F. Downes ("Downes")
(a) Joseph F. Downes
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e) The information set forth in (d) and (e) of Item 2(A) above
is incorporated herein.
K. Fleur E. Fairman ("Fairman")
(a) Fleur E. Fairman
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e) The information set forth in (d) and (e) of Item 2(A) above
is incorporated herein.
L. Jason M. Fish ("Fish")
(a) Jason M. Fish
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e) The information set forth in (d) and (e) of Item 2(A) above
is incorporated herein.
M. Andrew B. Fremder ("Fremder")
(a) Andrew B. Fremder
Page 22 of 28 Pages
<PAGE>
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e) The information set forth in (d) and (e) of Item 2(A) above
is incorporated herein.
N. William F. Mellin ("Mellin")
(a) William F. Mellin
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e) The information set forth in (d) and (e) of Item 2(A) above
is incorporated herein.
O. Stephen L. Millham ("Millham")
(a) Stephen L. Millham
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e) The information set forth in (d) and (e) of Item 2(A) above
is incorporated herein.
P. Meridee A. Moore ("Moore")
(a) Meridee A. Moore
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
Page 23 of 28 Pages
<PAGE>
(c) United States
(d)(e) The information set forth in (d) and (e) of Item 2(A) above
is incorporated herein.
Q. Thomas F. Steyer ("Steyer")
(a) Thomas F. Steyer
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e) The information set forth in (d) and (e) of Item 2(A) above
is incorporated herein.
With respect to the persons or entities listed above: (i) FCP is filing
with respect to the Shares held by it; (ii) FCIP is filing with respect to the
Shares held by it: (iii) FCIP II is filing with respect to the Shares held by
it; (iv) FCIP III is filing with respect to the Shares held by it; (v) Tinicum
(collectively, with FCP, FCIP, FCIP II and FCIP III, the "Partnerships") is
filing with respect to the Shares held by it; (vi) FCMLLC is filing with respect
to the Shares held by Farallon Capital Offshore Investors, Inc., a British
Virgin Islands corporation ("Offshore"), and certain other accounts managed by
FCMLLC (together with Offshore, the "Managed Accounts" 1); (vii) FPLLC is filing
with respect to the Shares held by each of the Partnerships; (viii) each of
Boilini, Cohen, Downes, Fish, Fremder, Mellin , Millham, Moore and Steyer is
filing with respect to the Shares held by each of the Partnerships and the
Managed Accounts; and (ix) Fairman is filing with respect to the Shares held by
each of the Partnerships (FCP, FCIP, FCIP II, FCIP III, Tinicum, FCMLLC, FPLLC,
Boilini, Cohen, Downes, Fairman, Fish, Fremder, Mellin, Millham, Moore and
Steyer shall collectively be referred to hereafter as the "Reporting Persons").
The Shares reported hereby for the Partnerships are owned directly by the
Partnerships and those reported by FCMLLC on behalf of the Managed Accounts are
owned directly by the Managed Accounts. Each of Boilini, Cohen, Downes, Fish,
Fremder, Mellin, Millham, Moore and Steyer may be deemed, as managing members of
FPLLC and FCMLLC, to be the beneficial owner of all such Shares. Each of FPLLC
and Fairman, as a managing member of FPLLC, may be deemed to be the beneficial
owner of all such Shares owned by the Partnerships. FCMLLC may be deemed to be
the beneficial owner of all such Shares owned by the Managed Accounts. Each of
FCMLLC, FPLLC,
- ------------
2 Of the Shares reported by FCMLLC on behalf of the Managed Accounts,
2,300 Shares (equal to approximately 0.1 % of the total Shares currently
outstanding) are held by The Absolute Return Fund of The Common Fund, a
non-profit corporation whose principal address is 450 Post Road East, Westport,
Connecticut 06881.
Page 24 of 28 Pages
<PAGE>
Boilini, Cohen, Downes, Fairman, Fish, Fremder, Mellin, Millham, Moore and
Steyer hereby disclaims any beneficial ownership of any such Shares.
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Exchange
Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Exchange
Act.
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Act.
(e) [ ] An Investment Adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [ ] An Employee Benefit Plan or Endowment Fund in accordance with
Rule 13d-1(b)(ii)(F);
(g) [ ] A Parent Holding Company or Control Person in accordance with
Rule 13d-1(b)(ii)(G);
(h) [ ] A Savings Association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of an
Investment Company under Section 3(c)(14) of the Investment
Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box. [X]
Item 4. Ownership
(a) Amount Beneficially Owned:
The information set forth in Row (9) of the cover page hereto for
each Reporting Person is incorporated herein by reference for each
such Reporting Person.
(b) Percent of Class:
The information set forth in Row (11) of the cover page hereto for
each Reporting Person is incorporated herein by reference for each
such Reporting Person.
(c) Number of shares as to which such person has:
Page 25 of 28 Pages
<PAGE>
(i) sole power to vote or to direct the vote:
The information set forth in Row (5) of the cover page hereto
for each Reporting Person is incorporated herein by reference
for each such Reporting Person.
(ii) shared power to vote or to direct the vote:
The information set forth in Row (6) of the cover page hereto
for each Reporting Person is incorporated herein by reference
for each such Reporting Person.
(iii) sole power to dispose or to direct the disposition of:
The information set forth in Row (7) of the cover page hereto
for each Reporting Person is incorporated herein by reference
for each such Reporting Person.
(iv) shared power to dispose or to direct the disposition of:
The information set forth in Row 8 of the cover page hereto
for each Reporting Person is incorporated herein by reference
for each such Reporting Person.
The Shares reported hereby for the Partnerships are owned directly by the
Partnerships and those reported by FCMLLC on behalf of the Managed Accounts are
owned directly by the Managed Accounts. Each of Boilini, Cohen, Downes, Fish,
Fremder, Mellin, Millham, Moore and Steyer may be deemed, as managing members of
FPLLC and FCMLLC, to be the beneficial owner of all such Shares. Each of FPLLC
and Fairman, as a managing member of FPLLC, may be deemed to be the beneficial
owner of all such Shares owned by the Partnerships. FCMLLC may be deemed to be
the beneficial owner of all such Shares owned by the Managed Accounts. Each of
FCMLLC, FPLLC, Boilini, Cohen, Downes, Fairman, Fish, Fremder, Mellin, Millham,
Moore and Steyer hereby disclaims any beneficial ownership of any such Shares.
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.
Page 26 of 28 Pages
<PAGE>
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 27 of 28 Pages
<PAGE>
SIGNATURES
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.
Dated: August 28, 1998
/s/ David I. Cohen
----------------------------------------
FARALLON PARTNERS, L.L.C.,
on its own behalf and as General Partner of
FARALLON CAPITAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
and TINICUM PARTNERS, L.P.
by David I. Cohen
Managing Member
/s/ David I. Cohen
----------------------------------------
FARALLON CAPITAL MANAGEMENT, L.L.C.
by David I. Cohen
Managing Member
/s/ David I. Cohen
----------------------------------------
David I. Cohen, individually and as
attorney-in-fact for each of Enrique H. Boilini,
Joseph F. Downes, Fleur E. Fairman, Jason M. Fish,
Andrew B. Fremder, William F. Mellin, Stephen L.
Millham, Meridee A. Moore, and Thomas F. Steyer.
The Powers of Attorney, each executed by Boilini, Downes, Fairman, Fish,
Fremder, Mellin, Millham, Moore and Steyer, authorizing Cohen to sign and file
this Schedule 13G on each person's behalf which were filed with Amendment No. 5
to the Schedule 13D filed with the Securities and Exchange Commission on
February 2, 1998, by such Reporting Persons with respect to the Units of Axogen
Limited, are hereby incorporated by reference.
Page 28 of 28 Pages
