HAMBRECHT & QUIST GROUP
SC 13G, 1998-02-13
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
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                                     UNITED STATES
                           SECURITIES AND EXCHANGE COMMISSION
                                 WASHINGTON, D.C. 20549

                                      SCHEDULE 13G

                       Under the Securities Exchange Act of 1934
                                   (Amendment No. __)


                               Made2Manage Systems, Inc.
                                    (Name of Issuer)

                                      Common Stock
                             (Title of Class of Securities)

                                      556466-10-0     
                                     (CUSIP Number)


                                   December 31, 1997
                (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)

                       [ ]       Rule 13d-1(c)

                       [x]       Rule 13d-1(d)


             *The remainder of this cover page shall be filled out for a
             reporting person's initial filing on this form with respect
             to the subject class of securities, and for any subsequent
             amendment containing information which would alter the
             disclosures provided in a prior cover page.

             The information required in the remainder of this cover page
             shall not be deemed to be "filed" for the purpose of
             Section 18 of the Securities Exchange Act of 1934 ("Act") or
             otherwise subject to the liabilities of that section of the
             Act but shall be subject to all other provisions of the Act
             (however, see the Notes).










                                          -1-<PAGE>






     CUSIP No. 556466-10-0           SCHEDULE 13G                   Page 2 of 13



       1   Name Of Reporting Person H&Q LONDON VENTURES

           IRS Identification No. Of Above Person                    94-2966540

       2   Check The Appropriate Box If A Member Of A Group           (a)  [ ] 

                                                                      (b)  [x] 
       3   SEC USE ONLY



       4   Citizenship Or Place Of Organization 

                                          England

                          5    Sole Voting Power

                                                     -0-
         NUMBER OF
          SHARES          6    Shared Voting Power  
        BENEFICIALLY
        OWNED BY EACH                             1,007,985  
         REPORTING
        PERSON WITH       7    Sole Dispositive Power

                                                     -0-

                          8    Shared Dispositive Power

                                                  1,210,599

        9   Aggregate Amount Beneficially Owned By Each Reporting Person

                                         1,210,599

       10   Check Box If The Aggregate Amount In Row (9) Excludes Certain
            Shares*                                                        [ ] 


       11   Percent Of Class Represented By Amount In Row 9

                                           28.7%
       12   Type Of Reporting Person*

                                             PN<PAGE>






     CUSIP No. 556466-10-0           SCHEDULE 13G                   Page 3 of 13



       1   Name Of Reporting Person HAMCO CAPITAL CORPORATION

           IRS Identification No. Of Above Person                    94-2731560

       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

                          5    Sole Voting Power

                                                     -0-
         NUMBER OF
          SHARES          6    Shared Voting Power   
        BENEFICIALLY
        OWNED BY EACH                            1,007,985  
         REPORTING
        PERSON WITH       7    Sole Dispositive Power  

                                                     -0-

                          8    Shared Dispositive Power

                                                  1,210,599

        9   Aggregate Amount Beneficially Owned By Each Reporting Person

                                         1,210,599

       10   Check Box If The Aggregate Amount In Row (9) Excludes Certain
            Shares*                                                        [ ] 


       11   Percent Of Class Represented By Amount In Row 9

                                           28.7%
       12   Type Of Reporting Person*

                                             CO<PAGE>






     CUSIP No. 556466-10-0           SCHEDULE 13G                   Page 4 of 13



       1   Name Of Reporting Person HAMBRECHT & QUIST VENTURES PARTNERS

           IRS Identification No. Of Above Person                    94-2949080

       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

                          5    Sole Voting Power

                                                     -0-
         NUMBER OF
          SHARES          6    Shared Voting Power   
        BENEFICIALLY
        OWNED BY EACH                            1,007,985  
         REPORTING
        PERSON WITH       7    Sole Dispositive Power    

                                                     -0-

                          8    Shared Dispositive Power

                                                  1,210,599

        9   Aggregate Amount Beneficially Owned By Each Reporting Person

                                         1,210,599

       10   Check Box If The Aggregate Amount In Row (9) Excludes Certain
            Shares*                                                        [ ] 


       11   Percent Of Class Represented By Amount In Row 9

                                           28.7%
       12   Type Of Reporting Person*

                                             PN<PAGE>






     CUSIP No. 556466-10-0           SCHEDULE 13G                   Page 5 of 13



       1   Name Of Reporting Person HAMBRECHT & QUIST CALIFORNIA

           IRS Identification No. Of Above Person                    94-2856927

       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

                          5    Sole Voting Power

                                                     -0-
         NUMBER OF
          SHARES          6    Shared Voting Power  
        BENEFICIALLY
        OWNED BY EACH                            1,007,985   
         REPORTING
        PERSON WITH       7    Sole Dispositive Power    

                                                     -0-

                          8    Shared Dispositive Power

                                                  1,210,599

        9   Aggregate Amount Beneficially Owned By Each Reporting Person

                                         1,210,599

       10   Check Box If The Aggregate Amount In Row (9) Excludes Certain
            Shares*                                                        [ ] 


       11   Percent Of Class Represented By Amount In Row 9

                                           28.7%
       12   Type Of Reporting Person*

                                             CO<PAGE>






     CUSIP No. 556466-10-0           SCHEDULE 13G                   Page 6 of 13



       1   Name Of Reporting Person HAMBRECHT & QUIST GROUP

           IRS Identification No. Of Above Person                    94-3246636

       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

                          5    Sole Voting Power

                                                     -0-
         NUMBER OF
          SHARES          6    Shared Voting Power   
        BENEFICIALLY
        OWNED BY EACH                            1,007,985   
         REPORTING
        PERSON WITH       7    Sole Dispositive Power    

                                                     -0-

                          8    Shared Dispositive Power

                                                  1,210,599

        9   Aggregate Amount Beneficially Owned By Each Reporting Person

                                         1,210,599

       10   Check Box If The Aggregate Amount In Row (9) Excludes Certain
            Shares*                                                        [ ] 


       11   Percent Of Class Represented By Amount In Row 9

                                           28.7%
       12   Type Of Reporting Person*

                                           HC, CO<PAGE>






     CUSIP No. 556466-10-0           SCHEDULE 13G                   Page 7 of 13



       1   Name Of Reporting Person WILLIAM R. HAMBRECHT

           IRS Identification No. Of Above Person                   ###-##-####

       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

                          5    Sole Voting Power

                                                     -0-
         NUMBER OF
          SHARES          6    Shared Voting Power     
        BENEFICIALLY
        OWNED BY EACH                            1,007,985 
         REPORTING
        PERSON WITH       7    Sole Dispositive Power    

                                                     -0-

                          8    Shared Dispositive Power

                                                  1,210,599

        9   Aggregate Amount Beneficially Owned By Each Reporting Person

                                         1,210,599

       10   Check Box If The Aggregate Amount In Row (9) Excludes Certain
            Shares*                                                        [ ] 


       11   Percent Of Class Represented By Amount In Row 9

                                           28.7%
       12   Type Of Reporting Person*

                                             IN<PAGE>






     CUSIP No. 556466-10-0           SCHEDULE 13G                   Page 8 of 13


             Item 1(a).     Name of Issuer.

                       Made2Manage Systems, Inc. (the "Issuer").

             Item 1(b).     Address of Issuer's Principal Executive
                            Offices.

                       9002 Purdue Road, Indianapolis, IN 46268.

             Item 2(a).     Names of Persons Filing.

                       Reference is made to Item 1 of each of the cover
             pages of this Schedule, which Items are incorporated by
             reference herein.

             Item 2(b).     Address of Principal Business Office or, if
                            none, Residence.

                       The address of each reporting person is One Bush
             Street, San Francisco, California 94104.

             Item 2(c).     Citizenship.

                       Reference is made to Item 4 of each of the cover
             pages of this Schedule, which Items are incorporated by
             reference herein.

             Item 2(d).     Title of Class of Securities.

                       Common stock ("Common Stock").

             Item 2(e).     CUSIP Number.

                       556466-10-0

             Item 3.   Type of Reporting Person.

                       Not applicable.

             Item 4.   Ownership.

                       Reference is hereby made to Items 5-9 and 11 of
             each of the cover pages to this Schedule, which Items are
             incorporated by reference herein.  According to information
             furnished to the reporting persons by the Issuer, there were
             4,214,803 shares of Common Stock issued and outstanding as of
             December 31, 1997.  At December 31, 1997, the following
             shares of Common Stock were held directly by the following
             persons:<PAGE>






     CUSIP No. 556466-10-0           SCHEDULE 13G                   Page 9 of 13


                                                        Common Stock
                  Person                               Directly Owned

                 H&Q London Ventures                       623,405

                 Hamco Capital Corporation                  33,355

                 Hambrecht & Quist Venture Partners          1,730

                 Hambrecht & Quist California              287,044

                 William R. Hambrecht                       62,451
                                                         _________

                 TOTAL                                   1,007,985
                                                         =========

                    Because voting and investment decisions concerning the
             above securities may be made by or in conjunction with
             Hambrecht & Quist Venture Partners, Hambrecht & Quist
             California, Hambrecht & Quist Group and William R. Hambrecht,
             each of the reporting persons may be deemed a member of a
             group that shares voting and dispositive power over all of
             the above securities.  Although the reporting persons are
             reporting such securities as if they were members of a group,
             the filing of this Schedule shall not be construed as an
             admission by any reporting person that it is a beneficial
             owner of any securities other than those directly held by
             such reporting person.

                    In addition, Hambrecht & Quist Group may be determined
             to be the beneficial owner of 202,614 shares of Common Stock
             held by Ivory and Sime Enterprise Capital PLC (formerly known
             as The Independent Investment Company PLC).  Pursuant to
             existing arrangements, Hambrecht & Quist Group does not have
             voting power over such shares, but may be considered to have
             investment power.  Although such shares are included in the
             number of shares beneficially owned by the reporting persons
             for purposes of this Schedule, the reporting persons disclaim
             beneficial ownership of such shares for any purpose.

                    Under the definition of "beneficial ownership" in Rule
             13d-3 under the Securities Exchange Act of 1934, it is also
             possible that the individual general partners, directors,
             executive officers, members and/or managers of the foregoing
             entities might be deemed the "beneficial owners" of some or
             all of the securities to which this Schedule relates in that
             they might be deemed to share the power to direct the voting
             or disposition of such securities.  Neither the filing of
             this Schedule nor any of its contents shall be deemed to
             constitute an admission that any of such individuals is, for
             any purpose, the beneficial owner of any of the securities to<PAGE>






     CUSIP No. 556466-10-0           SCHEDULE 13G                  Page 10 of 13


             which this Schedule relates, and such beneficial ownership is
             expressly disclaimed.

                    This Schedule does not include shares of Common Stock,
             if any, held by Hambrecht & Quist LLC in its trading account
             if it is a market maker in the Issuer's Common Stock.

             Item 5.     Ownership of Five Percent or Less of a Class.

                    Not applicable.

             Item 6.     Ownership of More Than Five Percent on Behalf of
                         Another Person.

                    Not applicable.

             Item 7.     Identification and Classification of the
                         Subsidiary Which Acquired the Security Being
                         Reported on by the Parent Holding Company.

                    Not applicable.

             Item 8.     Identification and Classification of Members of
                         the Group.

                    Not applicable.

             Item 9.     Notice of Dissolution of Group.

                    Not applicable.

             Item 10.    Certification.

                    Not applicable.<PAGE>






     CUSIP No. 556466-10-0           SCHEDULE 13G                  Page 11 of 13


                                       Signature

                    After reasonable inquiry and to the best of their
             knowledge and belief, the undersigned certify that the
             information set forth in this statement is true, complete and
             correct.

             DATED:  February 10, 1998.


             H&Q LONDON VENTURES               HAMBRECHT & QUIST CALIFORNIA


             By: /s/ Jackie A. Berterretche    By: /s/ Jackie A. Berterretche
                 __________________________        __________________________
                 Jackie A. Berterretche            Jackie A. Berterretche
                 Attorney-in-Fact                  Attorney-in-Fact


             HAMCO CAPITAL CORPORATION         HAMBRECHT & QUIST GROUP


             By: /s/ Jackie A. Berterretche    By: /s/ Steven M. Machtinger
                 __________________________        __________________________
                 Jackie A. Berterretche            Steven M. Machtinger
                 Attorney-in-Fact                  General Counsel & Secy.

             HAMBRECHT & QUIST VENTURE         WILLIAM R. HAMBRECHT
             PARTNERS


             By: /s/ Jackie A. Berterretche    By: /s/ Jackie A. Berterretche
                 __________________________        __________________________
                 Jackie A. Berterretche            Jackie A. Berterretche
                 Attorney-in-Fact                  Attorney-in-Fact<PAGE>






     CUSIP No. 556466-10-0           SCHEDULE 13G                  Page 12 of 13


                                       EXHIBIT INDEX



             Exhibit A        Joint Filing Undertaking           Page 13<PAGE>






     CUSIP No. 556466-10-0           SCHEDULE 13G                  Page 13 of 13


                                 JOINT FILING UNDERTAKING

                    The undersigned, being duly authorized thereunto, hereby
             execute this agreement as an exhibit to this Schedule 13G to
             evidence the agreement of the below-named parties, in accordance
             with rules promulgated pursuant to the Securities Exchange Act
             of 1934, to file this Schedule, as it may be amended, jointly on
             behalf of each of such parties.

             DATED:  February 10, 1998.


             H&Q LONDON VENTURES               HAMBRECHT & QUIST CALIFORNIA


             By: /s/ Jackie A. Berterretche    By: /s/ Jackie A. Berterretche
                 __________________________        __________________________
                 Jackie A. Berterretche            Jackie A. Berterretche
                 Attorney-in-Fact                  Attorney-in-Fact


             HAMCO CAPITAL CORPORATION         HAMBRECHT & QUIST GROUP


             By: /s/ Jackie A. Berterretche    By: /s/ Steven M. Machtinger
                 __________________________        __________________________
                 Jackie A. Berterretche            Steven M. Machtinger
                 Attorney-in-Fact                  General Counsel & Secy.

             HAMBRECHT & QUIST VENTURE         WILLIAM R. HAMBRECHT
             PARTNERS


             By: /s/ Jackie A. Berterretche    By: /s/ Jackie A. Berterretche
                 __________________________        __________________________
                 Jackie A. Berterretche            Jackie A. Berterretche
                 Attorney-in-Fact                  Attorney-in-Fact<PAGE>


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