V I TECHNOLOGIES INC
SC 13G/A, 2000-02-11
BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
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                                  SCHEDULE 13G
                                  ------------


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


                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

                               (Amendment No. 1)*

                              VI Technologies, Inc.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    917920100
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                                 January 1, 2000
- --------------------------------------------------------------------------------
             (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).

Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB control number.

SEC 1745 (3-98)                Page 1 of 14 pages
<PAGE>

                                  SCHEDULE 13G
                                  ------------

Issuer:  VI Technologies, Inc.                              CUSIP No.: 917920100
- ------                                                      ---------

- --------------------------------------------------------------------------------
1.      Names of Reporting Persons.
        I.R.S. Identification Nos. of above persons (entities only).
        CB Capital Investors, L.L.C. (f/k/a CB Capital Investors, L.P.)
        13-3986302
- --------------------------------------------------------------------------------
2.     Check the Appropriate Box if a Member of a Group (See Instructions)
                                                                         (a) [ ]
                                                                         (b) [ ]
- --------------------------------------------------------------------------------
3.      SEC Use Only

- --------------------------------------------------------------------------------
4.      Citizenship or Place of Organization
        Delaware
- --------------------------------------------------------------------------------
                           5.     Sole Voting Power
                                  1,801,470
      Number of            -----------------------------------------------------
        Shares             6.     Shared Voting Power
     Beneficially                 Not applicable.
       Owned by            -----------------------------------------------------
         Each              7.     Sole Dispositive Power
      Reporting                   1,801,470
        Person             -----------------------------------------------------
        With:              8.     Shared Dispositive Power
                                  Not applicable.
- --------------------------------------------------------------------------------
9.      Aggregate Amount Beneficially Owned by Each Reporting Person
        1,801,470
- --------------------------------------------------------------------------------
10.     Check if the Aggregate Amount in Row (9) Excludes Certain Shares
        (See Instructions)                                                   [ ]
- --------------------------------------------------------------------------------
11.     Percent of Class Represented by Amount in Row (9)
        14.5%
- --------------------------------------------------------------------------------
12.     Type of Reporting Person (See Instructions)
        LLC
- --------------------------------------------------------------------------------

SEC 1745 (3-98)                Page 2 of 14 pages
<PAGE>

                                  SCHEDULE 13G
                                  ------------

Issuer:  VI Technologies, Inc.                              CUSIP No.: 917920100
- ------                                                      ---------

Item 1.

         (a) Name of Issuer:
             --------------
             VI Technologies, Inc.

         (b) Address of Issuer's Principal Executive Offices:
             -----------------------------------------------
             155 Duryea Road
             Melville, NY 11747

Item 2.

         (a) Name of Person Filing:
             ---------------------
             CB Capital Investors, L.L.C. (f/k/a CB Capital Investors, L.P.)

             Supplemental information relating to the ownership and control of
             the person filing this statement is included in Exhibit 2(a)
             attached hereto.

         (b) Address of Principal Business Office or, if none, Residence:
             -----------------------------------------------------------
             380 Madison Avenue, 12th Floor
             New York, New York  10017

         (c) Citizenship:
             -----------
             Delaware

         (d) Title of Class of Securities (of Issuer):
             ----------------------------------------
             Common Stock

         (e) CUSIP Number:
             ------------
             917920100

Item 3.  If this statement is filed pursuant to ss. ss. 240.13d-1(b) or
         240.13d-2(b) or (c), check whether the person filing is a:

             Not applicable.

Item 4.  Ownership

         (a) Amount Beneficially Owned:
             -------------------------
             1,801,470 (as of December 31, 1999)

         (b) Percent of Class:
             ----------------
             14.5% (as of December 31, 1999)

SEC 1745 (3-98)                Page 3 of 14 pages
<PAGE>

                                  SCHEDULE 13G
                                  ------------

Issuer:  VI Technologies, Inc.                              CUSIP No.: 917920100
- ------                                                      ---------

         (c) Number of shares as to which such person has:
             --------------------------------------------
             (i)      1,801,470
             (ii)     Not applicable.
             (iii)    1,801,470
             (iv)     Not applicable.

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

SEC 1745 (3-98)                Page 4 of 14 pages
<PAGE>

                                  SCHEDULE 13G
                                  ------------

Issuer:  VI Technologies, Inc.                              CUSIP No.: 917920100
- ------                                                      ---------


                                    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: February 10, 2000


                                         CB CAPITAL INVESTORS, L.L.C.
                                         By: CHASE CAPITAL PARTNERS, its Manager


                                         By: /s/ Jeffrey C. Walker
                                             -----------------------------------
                                             Name:  Jeffrey C. Walker
                                             Title: Managing General Partner

SEC 1745 (3-98)                Page 5 of 14 pages
<PAGE>

                                  SCHEDULE 13G
                                  ------------

Issuer:  VI Technologies, Inc.                              CUSIP No.: 917920100
- ------                                                      ---------


                                  EXHIBIT 2(a)
                                  ------------

Item 2.  Identity and Background.
- --------------------------------

         This statement is being filed by CB Capital Investors, LLC, a Delaware
limited liability company, formerly CB Capital Investors, L.P., a Delaware
limited partnership (hereinafter referred to as "CBCI"), whose principal office
is located at c/o Chase Capital Partners, 380 Madison Avenue, 12th Floor, New
York, New York 10017.

         CBCI is engaged in the venture capital and leveraged buyout business.
The managing member of CBCI is CB Capital Investors, Inc., a Delaware
corporation (hereinafter referred to as "CBCI, Inc."), whose principal office is
located at the same address as CBCI. CBCI, Inc. is a wholly owned subsidiary of
The Chase Manhattan Bank, a New York corporation (hereinafter referred to as
"Chase Bank"), which is a wholly owned subsidiary of The Chase Manhattan
Corporation, a Delaware corporation, (hereinafter referred to as "Chase") both
of whose principal business offices are located at 270 Park Avenue, 5th Floor,
New York, New York 10017. The non-managing member of CBCI is Chase Capital
Partners, a New York general partnership (hereinafter referred to as "CCP").
Pursuant to a master advisory agreement, CBCI, Inc. has delegated its management
authority of CBCI to CCP. CCP is also engaged in the venture capital and
leveraged buyout business. CBCI's and its principal office is located at the
same address as CBCI.

         Set forth below are the names of each general partner of CCP who is a
natural person. Each such general partner is a U.S. citizen (except for Messrs.
Britts and Meggs, each of whom are citizens of the United Kingdom and Ms. Aidar
who is a citizen of Brazil), whose principal occupation is general partner of
CCP and whose business address (except for Messrs. Britts, Meggs, Soghikian and
Stuart) is c/o Chase Capital Partners, 380 Madison Avenue, 12th Floor, New York,
New York 10017.

         Ana Carolina Aidar
         John R. Baron
         Christopher C. Behrens
         Mitchell J. Blutt, M.D.
         David S. Britts
         Arnold L. Chavkin
         David Gilbert
         Eric Green
         Michael R. Hannon
         Donald J. Hofmann
         Jonathan Meggs
         Stephen P. Murray
         John M.B. O'Connor
         Robert Ruggiero
         Susan Segal
         Shahan D. Soghikian
         Lindsay Stuart
         Jeffrey C. Walker
         Timothy Walsh
         Rick Waters
         Damion E. Wicker, M.D.

         Messrs. Britts' and Soghikian's address is c/o Chase Capital Partners,
50 California Street, Suite 2940, San Francisco, CA 94111. Messrs. Meggs' and
Stuart's address is c/o Chase Capital Partners, 125 London Wall, Level 13,
London, England EC2Y5AJ.

         Jeffrey C. Walker is the managing general partner of CCP. The remaining
general partners of CCP are Chase Capital Corporation, a New York corporation
(hereinafter referred to as "Chase Capital"), CCP Principals, L.P., a Delaware
limited partnership (hereinafter referred to as "Principals") and CCP European
Principals, L.P., a Delaware limited partnership (hereinafter referred to as
"European Principals"), each of whose principal office is located at 380 Madison
Avenue, 12th Floor, New York, New York 10017. Chase Capital is a wholly-owned
subsidiary of Chase. The general partner of each of Principals and European
Principals is Chase Capital. Chase Capital, Principals and European Principals
are each engaged in the venture capital and leveraged buyout business. Set forth
in Schedule A hereto and incorporated herein by reference are the names,
business addresses and principal occupations or employments of each executive
officer and director of Chase Capital, each of whom is a U.S. citizen.

SEC 1745 (3-98)                Page 6 of 14 pages
<PAGE>

                                  SCHEDULE 13G
                                  ------------

Issuer:  VI Technologies, Inc.                              CUSIP No.: 917920100
- ------                                                      ---------

         Chase Bank is a New York corporation engaged in the commercial banking
business with its principal office located at 270 Park Avenue, New York, New
York 10017. Set forth in Schedule B hereto and incorporated herein by reference
are the names, business address, principal occupations or employments and
citizenship of each executive officer and director of Chase Bank.

         Chase is a Delaware corporation engaged (primarily through
subsidiaries) in the commercial banking business with its principal office
located at 270 Park Avenue, New York, New York 10017. Set forth in Schedule C
hereto and incorporated herein by reference are the names, business addresses,
principal occupations and employments of each executive officer and director of
Chase, each of whom is a U.S. citizen.

SEC 1745 (3-98)                Page 7 of 14 pages
<PAGE>

                                  SCHEDULE 13G
                                  ------------

Issuer:  VI Technologies, Inc.                              CUSIP No.: 917920100
- ------                                                      ---------


                                                                      SCHEDULE A
                                                                      ----------


                            CHASE CAPITAL CORPORATION
                            -------------------------


                               Executive Officers
                               ------------------

Chief Executive Officer                         William B. Harrison, Jr. *
President                                       Jeffrey C. Walker**
Executive Vice President                        Mitchell J. Blutt, M.D. **
Vice President & Secretary                      Gregory Meredith*
Vice President and Treasurer                    Elisa R. Stein**
Vice President                                  Marcia Bateson**
Assistant Secretary                             Robert C. Carroll*
Assistant Secretary                             Anthony J. Horan*
Assistant Secretary                             Denise G. Connors*

                                    Directors
                                    ---------

                           William B. Harrison, Jr.*
                               Jeffrey C. Walker**

- ----------
*    Principal occupation is employee and/or officer of Chase. Business address
     is c/o The Chase Manhattan Corporation, 270 Park Avenue, New York, New York
     10017.
**   Principal occupation is employee of Chase and/or general partner of Chase
     Capital Partners. Business address is c/o Chase Capital Partners, 380
     Madison Avenue, 12th Floor, New York, NY 10017.

SEC 1745 (3-98)                Page 8 of 14 pages
<PAGE>

                                  SCHEDULE 13G
                                  ------------

Issuer:  VI Technologies, Inc.                              CUSIP No.: 917920100
- ------                                                      ---------


                                                                      SCHEDULE B
                                                                      ----------


                            THE CHASE MANHATTAN BANK


                               Executive Officers
                               ------------------

                   Walter V. Shipley, Chairman of the Board*
         William B. Harrison Jr., President and Chief Executive Officer*
                       Donald L. Boudreau, Vice Chairman*
                  John J. Farrell, Director of Human Resources*
                        Neal S. Garonzik, Vice Chairman*
     Frederick W. Hill, Director of Corporate Marketing and Communications*
                        Donald H. Layton, Vice Chairman*
                        James B. Lee Jr., Vice Chairman*
                      William H. McDavid, General Counsel*
                   Denis J. O'Leary, Executive Vice President*
                         Marc J. Shapiro, Vice Chairman*
                       Joseph G. Sponholz, Vice Chairman*
                  Jeffrey C. Walker, Senior Managing Director**

                                  Directors***
                                  ---------

                              Principal Occupation or Employment;
 Name                         Business or Residence Address
 ----                         --------------------------------------------------
 Hans W. Becherer             Chairman of the Board
                              Chief Executive Officer
                              Deere & Company
                              One John Deere Place
                              Moline, IL 61265
- --------------------------------------------------------------------------------
 Frank A. Bennack, Jr.        President and Chief Executive Officer
                              The Hearst Corporation
                              959 Eighth Avenue
                              New York, New York  10019
- --------------------------------------------------------------------------------
 Susan V. Berresford          President
                              The Ford Foundation
                              320 E. 43rd Street
                              New York, New York  10017
- --------------------------------------------------------------------------------

- ----------
*    Principal occupation is executive officer and/or employee of The Chase
     Manhattan Bank. Business address is c/o The Chase Manhattan Bank, 270 Park
     Avenue, New York, New York 10017. Each executive officer of Chase is a U.S.
     citizen.
**   Principal occupation is employee of Chase and/or general partner of Chase
     Capital Partners. Business address is c/o Chase Capital Partners, 380
     Madison Avenue - 12th Floor, New York, New York 10017.
***  Each of the persons named below is a citizen of the United States of
     America.

SEC 1745 (3-98)                Page 9 of 14 pages
<PAGE>

                                  SCHEDULE 13G
                                  ------------

Issuer:  VI Technologies, Inc.                              CUSIP No.: 917920100
- ------                                                      ---------

                              Principal Occupation or Employment;
 Name                         Business or Residence Address
 ----                         --------------------------------------------------
 M. Anthony Burns             Chairman of the Board and
                              Chief Executive Officer
                              Ryder System, Inc.
                              3600 N.W. 82nd Avenue
                              Miami, Florida  33166
- --------------------------------------------------------------------------------
 H. Laurence Fuller           Co-Chairman
                              BP Amoco p.l.c.
                              1111 Warrenville Road, Suite 25
                              Chicago, Illinois  60563
- --------------------------------------------------------------------------------
 Melvin R. Goodes             Retired Chairman of the Board and CEO
                              Warner-Lambert Company
                              201 Tabor Road
                              Morris Plains, NJ  07950
- --------------------------------------------------------------------------------
 William H. Gray, III         President and Chief Executive Officer
                              The College Fund/UNCF
                              9860 Willow Oaks Corporate Drive
                              P.O. Box 10444
                              Fairfax, Virginia  22031
- --------------------------------------------------------------------------------
 William B. Harrison, Jr.     President and Chief Executive Officer
                              The Chase Manhattan Corporation
                              270 Park Avenue, 8th Floor
                              New York, New York  10017-2070
- --------------------------------------------------------------------------------
 Harold S. Hook               Retired Chairman and Chief Executive Officer
                              American General Corporation
                              2929 Allen Parkway
                              Houston, Texas  77019
- --------------------------------------------------------------------------------
 Helene L. Kaplan             Of Counsel
                              Skadden, Arps, Slate, Meagher & Flom LLP
                              919 Third Avenue - Room 29-72
                              New York, New York 10022
- --------------------------------------------------------------------------------
 Henry B. Schacht             Director and Senior Advisor
                              E.M. Warburg, Pincus & Co., LLC
                              466 Lexington Avenue, 10th Floor
                              New York, New York 10017
- --------------------------------------------------------------------------------
 Walter V. Shipley            Chairman of the Board
                              The Chase Manhattan Corporation
                              270 Park Avenue
                              New York, New York  10017
- --------------------------------------------------------------------------------
 Andrew C. Sigler             Retired Chairman of the Board and
                              Chief Executive Officer
                              Champion International Corporation
                              One Champion Plaza
                              Stamford, Connecticut  06921
- --------------------------------------------------------------------------------
 John R. Stafford             Chairman, President and
                              Chief Executive Officer
                              American Home Products Corporation
                              5 Giralda Farms
                              Madison, New Jersey  07940
- --------------------------------------------------------------------------------

SEC 1745 (3-98)                Page 10 of 14 pages
<PAGE>

                                  SCHEDULE 13G
                                  ------------

Issuer:  VI Technologies, Inc.                              CUSIP No.: 917920100
- ------                                                      ---------

                              Principal Occupation or Employment;
 Name                         Business or Residence Address
 ----                         --------------------------------------------------
 Marina v.N. Whitman          Professor of Business Administration
                              and Public Policy
                              The University of Michigan
                              School of Public Policy
                              411 Lorch Hall, 611 Tappan Street
                              Ann Arbor, MI  48109-1220
- --------------------------------------------------------------------------------

SEC 1745 (3-98)                Page 11 of 14 pages
<PAGE>

                                  SCHEDULE 13G
                                  ------------

Issuer:  VI Technologies, Inc.                              CUSIP No.: 917920100
- ------                                                      ---------


                                                                      SCHEDULE C
                                                                      ----------


                         THE CHASE MANHATTAN CORPORATION


                               Executive Officers
                               ------------------

                   Walter V. Shipley, Chairman of the Board*
         William B. Harrison Jr., President and Chief Executive Officer*
                       Donald L. Boudreau, Vice Chairman*
                  John J. Farrell, Director of Human Resources*
                        Neal S. Garonzik, Vice Chairman*
     Frederick W. Hill, Director of Corporate Marketing and Communications*
                        Donald H. Layton, Vice Chairman*
                        James B. Lee Jr., Vice Chairman*
                      William H. McDavid, General Counsel*
                   Denis J. O'Leary, Executive Vice President*
                         Marc J. Shapiro, Vice Chairman*
                       Joseph G. Sponholz, Vice Chairman*
                  Jeffrey C. Walker, Senior Managing Director**

                                  Directors***
                                  ---------

                              Principal Occupation or Employment;
 Name                         Business or Residence Address
 ----                         --------------------------------------------------
 Hans W. Becherer             Chairman of the Board
                              Chief Executive Officer
                              Deere & Company
                              One John Deere Place
                              Moline, IL 61265
- --------------------------------------------------------------------------------
 Frank A. Bennack, Jr.        President and Chief Executive Officer
                              The Hearst Corporation
                              959 Eighth Avenue
                              New York, New York  10019
- --------------------------------------------------------------------------------
 Susan V. Berresford          President
                              The Ford Foundation
                              320 E. 43rd Street
                              New York, New York  10017
- --------------------------------------------------------------------------------

- ----------
*    Principal occupation is executive officer and/or employee of The Chase
     Manhattan Bank. Business address is c/o The Chase Manhattan Bank, 270 Park
     Avenue, New York, New York 10017. Each executive officer of Chase is a U.S.
     citizen.
**   Principal occupation is employee of Chase and/or general partner of Chase
     Capital Partners. Business address is c/o Chase Capital Partners, 380
     Madison Avenue - 12th Floor, New York, New York 10017.
***  Each of the persons named below is a citizen of the United States of
     America.

SEC 1745 (3-98)                Page 12 of 14 pages
<PAGE>

                                  SCHEDULE 13G
                                  ------------

Issuer:  VI Technologies, Inc.                              CUSIP No.: 917920100
- ------                                                      ---------

                              Principal Occupation or Employment;
 Name                         Business or Residence Address
 ----                         --------------------------------------------------
 M. Anthony Burns             Chairman of the Board and
                              Chief Executive Officer
                              Ryder System, Inc.
                              3600 N.W. 82nd Avenue
                              Miami, Florida  33166
- --------------------------------------------------------------------------------
 H. Laurence Fuller           Co-Chairman
                              BP Amoco p.l.c.
                              1111 Warrenville Road, Suite 25
                              Chicago, Illinois  60563
- --------------------------------------------------------------------------------
 Melvin R. Goodes             Retired Chairman of the Board and CEO
                              Warner-Lambert Company
                              201 Tabor Road
                              Morris Plains, NJ  07950
- --------------------------------------------------------------------------------
 William H. Gray, III         President and Chief Executive Officer
                              The College Fund/UNCF
                              9860 Willow Oaks Corporate Drive
                              P.O. Box 10444
                              Fairfax, Virginia  22031
- --------------------------------------------------------------------------------
 William B. Harrison, Jr.     President and Chief Executive Officer
                              The Chase Manhattan Corporation
                              270 Park Avenue, 8th Floor
                              New York, New York  10017-2070
- --------------------------------------------------------------------------------
 Harold S. Hook               Retired Chairman and Chief Executive Officer
                              American General Corporation
                              2929 Allen Parkway
                              Houston, Texas  77019
- --------------------------------------------------------------------------------
 Helene L. Kaplan             Of Counsel
                              Skadden, Arps, Slate, Meagher & Flom LLP
                              919 Third Avenue - Room 29-72
                              New York, New York 10022
- --------------------------------------------------------------------------------
 Henry B. Schacht             Director and Senior Advisor
                              E.M. Warburg, Pincus & Co., LLC
                              466 Lexington Avenue, 10th Floor
                              New York, New York 10017
- --------------------------------------------------------------------------------
 Walter V. Shipley            Chairman of the Board
                              The Chase Manhattan Corporation
                              270 Park Avenue
                              New York, New York  10017
- --------------------------------------------------------------------------------
 Andrew C. Sigler             Retired Chairman of the Board and
                              Chief Executive Officer
                              Champion International Corporation
                              One Champion Plaza
                              Stamford, Connecticut  06921
- --------------------------------------------------------------------------------
 John R. Stafford             Chairman, President and
                              Chief Executive Officer
                              American Home Products Corporation
                              5 Giralda Farms
                              Madison, New Jersey  07940
- --------------------------------------------------------------------------------

SEC 1745 (3-98)                Page 13 of 14 pages
<PAGE>

                                  SCHEDULE 13G
                                  ------------

Issuer:  VI Technologies, Inc.                              CUSIP No.: 917920100
- ------                                                      ---------

                              Principal Occupation or Employment;
 Name                         Business or Residence Address
 ----                         --------------------------------------------------
 Marina v.N. Whitman          Professor of Business Administration
                              and Public Policy
                              The University of Michigan
                              School of Public Policy
                              411 Lorch Hall, 611 Tappan Street
                              Ann Arbor, MI  48109-1220
- --------------------------------------------------------------------------------


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