<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d - 102)
INFORMATION STATEMENT
PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
FIREARMS TRAINING SYSTEMS, INC.
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(Name of Issuer)
Class A Common Stock, $.000006 par value
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(Title of Class of Securities)
318120-10-2
---------------------------------
(CUSIP Number)
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CUSIP NO. 318120-10-2 13G PAGE 2 OF 13 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 Centre Partners II LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
13-386-6629
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
11,165,241
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
11,165,241
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
11,165,241
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
54.7%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
OO
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 318120-10-2 13G PAGE 3 OF 13 PAGES
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NAME OF REPORTING PERSON
1 Centre Capital Investors II. L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
13-386-6796
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
7,266,811
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
7,266,811
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
7,266,811
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
35.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 318120-10-2 13G PAGE 4 OF 13 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 Centre Partners Coinvestment, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
13-386-6622
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,074,961
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,074,961
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,074,961
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
5.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 318120-10-2 13G PAGE 5 OF 13 PAGES
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NAME OF REPORTING PERSON
1 Centre Capital Tax-exempt Investors II, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
13-387-6593
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
812,370
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
812,370
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
812,370
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
4.0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 318120-10-2 13G PAGE 6 OF 13 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 Centre Capital Offshore Investors II. L.P.
OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
13-388-2505
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Bermuda
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,439,918
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,439,918
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,439,918
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
7.1%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 318120-10-2 13G PAGE 7 OF 13 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 Centre Partners Management LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
13-386-6630
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
9,519,009
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
9,519,009
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
9,519,009
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
46.7%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
OO
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP NO.318120-10-2 13G PAGE 8 OF 13 PAGES
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Item 1(a). Name of Issuer
--------------
Firearms Training Systems, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices
-----------------------------------------------
7340 McGinnis Ferry Road
Suwanee, Georgia 30174
Item 2(a). Name of Person Filing
---------------------
Centre Partners II LLC
Item 2(b). Address of Principal Business Office
------------------------------------
30 Rockefeller Plaza
New York, New York 10020
Item 2(c). Citizenship
-----------
Delaware
Item 2(d). Title of Class of Securities
----------------------------
Class A Common Stock, par value $.000006
Item 2(e). CUSIP Number
------------
318120-10-2
Item 3. If this statement is filed pursuant to Rule 13d-l(b) or 13d-2(b),
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check whether the person filing is a:
------------------------------------
(a) [_] Broker or dealer registered under Section 15 of the Act,
(b) [_] Bank as defined in Section 3(a)(6) of the Act,
(c) [_] Insurance Company as defined in Section 3(a)(19) of the
Act,
(d) [_] Investment Company registered under Section 8 of the
Investment Company Act,
(e) [_] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940,
(f) [_] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see
13d-1(b)(1)(ii)(F),
(g) [_] Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G), see Item 7,
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CUSIP NO.318120-10-2 13G PAGE 9 OF 13 PAGES
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(h) [_] Group, in accordance with Rule 13-1(b)(1)(ii)(H).
Item 4. Ownership
---------
See the responses to Items 5 - 9 and 11 on each of pages 2 - 7
hereof for ownership information with respect to each reporting person.
Centre Partners II LLC ("Centre Partners") is the general partner
of Centre Partners Coinvestment, L.P. and the general partner of the general
partner of Centre Capital Investors II, L.P., Centre Capital Tax-exempt
Investors II, L.P. and Centre Capital Offshore Investors II, L.P., which are the
holders of record of the following amounts:
Centre Partners Coinvestment, L.P. 1,074,961
Centre Capital Investors II, L.P. 7,266,811
Centre Capital Tax-exempt Investors II, L.P. 812,370
Centre Capital Offshore Investors II, L.P. 1,439,918
----------
TOTAL 10,594,060
In addition, pursuant to certain co-investment arrangements,
Centre Partners has been delegated voting and dispositive power with respect to
an additional 571,181 shares of Class A Common Stock. Thus, Centre Partners may
be deemed to beneficially own and have voting and dispositive power over a total
of 11,165,241 shares.
Pursuant to a Management Agreement, Centre Partners Management
LLC ("Centre Management") has been delegated voting and dispositive power with
respect to shares owned by Centre Capital Investors II, L.P., Centre Capital
Offshore Investors II, L.P. and Centre Capital Tax-exempt Investors II, L.P.,
which are the holders of record of the following amounts:
Centre Capital Investors II, L.P. 7,266,811
Centre Capital Tax-exempt Investors II, L.P. 812,370
Centre Capital Offshore Investors II, L.P. 1,439,918
---------
TOTAL 9,519,099
Thus, Centre Management has been delegated voting and dispositive
power with respect to a total of 9,519,099 shares.
The Managing Directors of each of Centre Partners and Centre
Management are Messrs. Jonathan H. Kagan, Lester Pollack, Bruce G. Pollack and
David Golub. The business address for each of them is c/o Centre Partners
Management LLC, 30 Rockefeller Plaza, New York, New York 10020 and each is a
citizen of the United States.
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
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CUSIP NO.318120-10-2 13G PAGE 10 OF 13 PAGES
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Item 8. Identification and Classification of Members of the Group
---------------------------------------------------------
This group has filed this Schedule 13G pursuant to Rule 13d-1(c)
and the identity of each member of the group is stated in Exhibit
B attached hereto.
Item 9. Notice of Dissolution of Group
------------------------------
Not applicable
Item 10. Certification
-------------
Not applicable
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CUSIP NO. 318120-10-2 13G PAGE 11 OF 13 PAGES
- ------------------------- -----------------------
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 14, 1997
CENTRE PARTNERS II LLC
By: /s/ Jonathan H. Kagan
---------------------------------
Jonathan H. Kagan,
Managing Director
CENTRE CAPITAL INVESTORS II, L.P.
CENTRE CAPITAL TAX-EXEMPT INVESTORS II, L.P.
CENTRE CAPITAL OFFSHORE INVESTORS II, L.P.
By: Centre Partners II, L.P., as its General Partner
By: Centre Partners Management LLC, as attorney-in-
fact
By: /s/ Jonathan H. Kagan
------------------------------------
Jonathan H. Kagan, Managing Director
CENTRE PARTNERS COINVESTMENT II, L.P.
By: Centre Partners II LLC., as its General Partner
By: /s/ Jonathan H. Kagan
------------------------------------
Jonathan H. Kagan, Managing Director
CENTRE PARTNERS MANAGEMENT LLC
By: /s/ Jonathan H. Kagan
------------------------------------
Jonathan H. Kagan, Managing Director
<PAGE>
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CUSIP NO. 318120-10-2 13G PAGE 12 OF 13 PAGES
- ------------------------- -----------------------
EXHIBIT A
---------
AGREEMENT REGARDING JOINT FILING
--------------------------------
The undersigned hereby agree and consent to the joint filing on their
behalf of this Schedule 13G in connection with their beneficial ownership of the
Class A Common Stock of Firearms Training Systems, Inc.
Dated: February 14, 1997
CENTRE PARTNERS II LLC
By: /s/ Jonathan H. Kagan
---------------------------------
Jonathan H. Kagan,
Managing Director
CENTRE CAPITAL INVESTORS II, L.P.
CENTRE CAPITAL TAX-EXEMPT INVESTORS II, L.P.
CENTRE CAPITAL OFFSHORE INVESTORS II, L.P.
By: Centre Partners II, L.P., as its General Partner
By: Centre Partners Management LLC, as attorney-in-
fact
By: /s/ Jonathan H. Kagan
--------------------------------------
Jonathan H. Kagan, Managing Director
CENTRE PARTNERS COINVESTMENT II, L.P.
By: Centre Partners II LLC., as its General Partner
By: /s/ Jonathan H. Kagan
--------------------------------------
Jonathan H. Kagan, Managing Director
CENTRE PARTNERS MANAGEMENT LLC
By: /s/ Jonathan H. Kagan
--------------------------------------
Jonathan H. Kagan, Managing Director
<PAGE>
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CUSIP NO. 318120-10-2 13G PAGE 13 OF 13 PAGES
- ------------------------- -----------------------
EXHIBIT B
---------
IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
---------------------------------------------------------
This exhibit is filed in response to Item 8.
1. Centre Partners II LLC
30 Rockefeller Plaza
New York, New York 10020
2. Centre Capital Investors II, L.P.
30 Rockefeller Plaza
New York, New York 10020
3. Centre Partners Coinvestment, L.P.
30 Rockefeller Plaza
New York, New York 10020
4. Centre Capital Tax-exempt Investors II, L.P.
30 Rockefeller Plaza
New York, New York 10020
5. Centre Capital Offshore Investors II, L.P.
c/o Reid Management Limited
Cedar House
41 Cedar House
Hamilton, Bermuda HM12
6. Centre Partners Management LLC
30 Rockefeller Plaza
New York, New York 10020
