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 (D) AND AMENDMENTS THERETO FILED
PURSUANT TO 13D-2(B)
YOUNG & RUBICAM INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
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(Title of Class of Securities)
987425105
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(CUSIP Number)
FEBRUARY 12, 1999
(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-(c)
[ X ] Rule 13d-1(d)
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13G
CUSIP NO. 987425105 Page 2 of 10 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
HELLMAN & FRIEDMAN CAPITAL PARTNERS III, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
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5 SOLE VOTING POWER
-0-
NUMBER OF ------------------------------------------------------------
6 SHARED VOTING POWER
SHARES 14,074,913
BENEFICIALLY ------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
OWNED -0-
BY EACH ------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
REPORTING 14,074,913
PERSON WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,074,913
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
20.8%
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12 TYPE OF REPORTING PERSON
PN
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13G
CUSIP NO. 987425105 Page 3 of 10 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
H&F ORCHARD PARTNERS III, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
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5 SOLE VOTING POWER
-0-
NUMBER OF
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SHARES 6 SHARED VOTING POWER
1,024,967
BENEFICIALLY -------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
OWNED -0-
BY EACH -------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
REPORTING 1,024,967
PERSON WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,024,967
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.6%
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12 TYPE OF REPORTING PERSON
PN
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13G
CUSIP NO. 987425105 Page 4 of 10 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
H&F INTERNATIONAL PARTNERS III, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
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5 SOLE VOTING POWER
-0-
NUMBER OF -------------------------------------------------------------
6 SHARED VOTING POWER
SHARES 307,028
BENEFICIALLY -------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
OWNED -0-
BY EACH -------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
REPORTING 307,028
PERSON WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
307,028
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.5%
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12 TYPE OF REPORTING PERSON
PN
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13G
CUSIP NO. 987425105 Page 5 of 10 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
H&F INVESTORS III, INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
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5 SOLE VOTING POWER
-0-
NUMBER OF -------------------------------------------------------------
6 SHARED VOTING POWER
SHARES 15,406,908
BENEFICIALLY -------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
OWNED -0-
BY EACH -------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
REPORTING 15,406,908
PERSON WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,406,908
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
22.7%
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12 TYPE OF REPORTING PERSON
CO
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13G
CUSIP NO. 987425105 Page 6 of 10 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
F. WARREN HELLMAN
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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5 SOLE VOTING POWER
-0-
NUMBER OF -------------------------------------------------------------
6 SHARED VOTING POWER
SHARES 15,406,908
BENEFICIALLY -------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
OWNED -0-
BY EACH -------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
REPORTING 15,406,908
PERSON WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,406,908
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
22.7%
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12 TYPE OF REPORTING PERSON
IN
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13G
CUSIP NO. 987425105 Page 7 of 10 Pages
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ITEM 1(A): NAME OF ISSUER:
Young & Rubicam Inc. ("Y&R")
ITEM 1(B): ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
285 Madison Avenue
New York, New York 10017
ITEM 2(A): NAMES OF PERSONS FILING:
This statement is filed on behalf of Hellman & Friedman Capital
Partners III, L.P., a California limited partnership, H&F
International Partners III, L.P., a California limited
partnership, H&F Orchard Partners III, L.P., a California limited
partnership (collectively, the "H&F Investors"), H&F Investors
III, Inc., a California C corporation ("H&F Inc.") and F. Warren
Hellman.
The H&F Investors are the direct owners of the Shares (as defined
below). The sole general partner of the H&F Investors is H&F
Investors III, a California general partnership. The managing
general partner of H&F Investors III is Hellman & Friedman
Associates III, L.P., a California limited partnership, and the
managing general partner of Hellman & Friedman Associates III,
L.P. is H&F Inc. The sole shareholder of H&F Inc. is The Hellman
Family Revocable Trust (the "Trust"). Mr. F. Warren Hellman is a
director of H&F Inc. and a trustee of the Trust. The investment
decisions of H&F Inc. are made by an executive committee, of which
Mr. Hellman is a voting member. The executive committee indirectly
exercises sole voting and investment power with respect to the
Shares held by the H&F Investors. As a member of the executive
committee, Mr. Hellman could be deemed to beneficially own such
shares, but disclaims such beneficial ownership except to the
extent of his indirect pecuniary interest in such shares.
ITEM 2(B): ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The principal business office of each Reporting Person is One
Maritime Plaza, 12th Floor, San Francisco, California 94111.
ITEM 2(C): CITIZENSHIP:
Each of the H&F Investors is a California limited partnership. H&F
Inc. is a California C corporation. F. Warren Hellman is a United
States citizen.
ITEM 2(D): TITLE OF CLASS OF SECURITIES:
Common Stock, par value $0.01 per share (the "Shares").
ITEM 2(E): CUSIP NUMBER:
987425105
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13G
CUSIP NO. 987425105 Page 8 of 10 Pages
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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)(1)(ii)(F).
(g)[ ] A Parent holding company or control person in accordance
with Rule 13d-1(b)1(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. [ ]
ITEM 4: OWNERSHIP.
Provide the following information regarding the aggregate number and
percentage of the class of securities of issuer identified in Item 1.
(a) Amount beneficially owned:
See response to item 9 on pages 2-6 with respect to each
filing person.
(b) Percent of Class:
See response to item 11 on pages 2-6 with respect to each
filing person.
(c) Number of shares as to which such person has
(i) Sole power to vote or direct the vote:
See response to item 5 on pages 2-6 with respect to each
filing person.
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13G
CUSIP NO. 987425105 Page 9 of 10 Pages
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(ii) Shared power to vote or direct the vote:
See response to item 6 on pages 2-6 with respect to each
filing person.
(iii) Sole power to dispose or direct the disposition of:
See response to item 7 on pages 2-6 with respect to each
filing person.
(iv) Shared power to dispose or direct the disposition of:
See response to item 8 on pages 2-6 with respect to each
filing person.
ITEM 5: OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following [ ].
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: CERTIFICATIONS.
Not applicable.
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13G
CUSIP NO. 987425105 Page 10 of 10 Pages
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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.
Dated as of: February 12, 1999
H&F INVESTORS III, INC.
By:/s/ Georgia Lee
Name: Georgia Lee
Title: Vice President
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AGREEMENT WITH RESPECT TO SCHEDULE 13G
The undersigned hereby agree that any Statement on Schedule 13G to
be filed with the Securities and Exchange Commission by any of the undersigned,
including any amendment thereto, with respect to securities of Young & Rubicam
Inc., a Delaware corporation may be filed by any of the undersigned on behalf of
all of the undersigned.
IN WITNESS WHEREOF, the undersigned have caused the Agreement to
be executed in counterparts by their duly authorized signatories as of this 12th
day of February, 1999.
HELLMAN & FRIEDMAN CAPITAL
PARTNERS III, L.P.
By its General Partner,
H&F Investors III
By its Managing General Partner,
Hellman & Friedman Associates III, L.P.
By its Managing General Partner,
H&F Investors III, Inc.
By:/s/ Georgia Lee
Name: Georgia Lee
Title: Vice President
H&F ORCHARD PARTNERS III, L.P.
By its General Partner,
H&F Investors III
By its Managing General Partner,
Hellman & Friedman Associates III, L.P.
By its Managing General Partner,
H&F Investors III, Inc.
By:/s/ Georgia Lee
Name: Georgia Lee
Title: Vice President
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H&F INTERNATIONAL PARTNERS III, L.P.
By its General Partner,
H&F Investors III
By its Managing General Partner,
Hellman & Friedman Associates III, L.P.
By its Managing General Partner,
H&F Investors III, Inc.
By:/s/ Georgia Lee
Name: Georgia Lee
Title: Vice President
H&F INVESTORS III, INC.
By:/s/ Georgia Lee
Name: Georgia Lee
Title: Vice President
/s/ F. Warren Hellman
F. Warren Hellman
