CID EQUITY CAPITAL V L P
SC 13G, 1999-10-18
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THIS DOCUMENT IS A COPY OF THE
SCHEDULE 13G FILED ON OCTOBER 12, 1999 PURSUANT
TO A RULE 201 TEMPORARY HARDSHIP EXEMPTION

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13G

Under the Securities Exchange Act of 1934


Waterlink, Inc.
(Name of Issuer)


Common Stock
(Title or Class of Securities)


94155N105
(CUSIP Number)


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)


CUSIP No. 94155N105

1.   NAME OF REPORTING PERSON IRS  IDENTIFICATION  NO. OF ABOVE PERSON (ENTITIES
     ONLY)

     CID  Equity Capital V, L.P.
     35-1990273

<PAGE>

2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

     (a)  [ ]
     (b)  [ ]


3.   SEC USE ONLY



4.   CITIZENSHIP OR PLACE OF ORGANIZATION

     Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:


5.   SOLE VOTING POWER

     1,100,000

6.   SHARED VOTING POWER

     -0-

7.   SOLE DISPOSITIVE POWER

     1,100,000

8.   SHARED DISPOSITIVE POWER

     -0-

9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     1,100,000

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     Not applicable.
<PAGE>

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     5.81%

12.  TYPE OF REPORTING PERSON

     OO

     Item 1.   (a) Name of Issuer:

                   Waterlink, Inc.

               (b) Address of Issuer's Principal Executive Offices:

                   4100 Holiday Street N.W., Suite 201
                   Canton, Ohio 44718

     Item 2.   (a) Name of Person Filing:

                   CID Equity Capital V, L.P.

               (b) The following is the address of the principal business office
                   of the filing person:

                   One American Square, Suite 2850
                   Indianapolis, Indiana 46282

               (c) Citizenship:

                   Delaware limited partnership

               (d) Title of Class of Securities:

                   Common Stock, par value $.001 per share

               (e) CUSIP Number:

                   94155N105

     Item 3.   If  this  Statement is  filed  pursuant  to  Rules  13d-1(b),  or
               13d-2(b), check whether the person filing is a:

               Not applicable.
<PAGE>

     Item 4.   Ownership

               (a)  As  of  the  date  hereof,   CID  Equity   Capital  V,  L.P.
                    beneficially  owned an  aggregate  of  1,100,000  shares  of
                    Common Stock of Waterlink, Inc.

               (b)  As of the date  hereof,  the stock  ownership  of CID Equity
                    Capital V, L.P.  represented  5.81% of the total outstanding
                    number of shares of Common Stock of Waterlink, Inc.

               (c)  The  number of shares to which CID  Equity  Capital  V, L.P.
                    has:

                    (i)  Sole power to vote or to direct the vote is: 1,100,000;
                    (ii) Shared power to vote or to direct the vote is: -0-;
                    (iii)Sole power to dispose or to direct the  disposition  of
                         is: 1,100,000; and
                    (iv) Shared power to dispose or to direct the disposition of
                         is: -0-.

     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 a Group.

              Not applicable.
<PAGE>

     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 transfer having that purpose or effect.

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: October 12, 1999


                                     CID EQUITY CAPITAL V, L.P.
                                     By: CID Equity Partners, V, as
                                            General Partner


                                     By:/s/ John T. Hackett
                                        -------------------------------
                                          John T. Hackett,
                                          Managing General Partner



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