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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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OMB Number: 3235-0145
Expires: August 31, 1999
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
STARMEDIA NETWORK, INC.
-----------------------
(Name of Issuer)
Common Stock
------------
(Title of Class of Securities)
855546107
---------
(CUSIP Number)
December 31, 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-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 on 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).
Page 1 of 10 Pages
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CUSIP No. 855546107 13G Page 2 of 10 Pages
- --------------------- ---------------------
- ------------- -----------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Warburg, Pincus Equity Partners, L.P. 13-3986317
- ------------- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------- -----------------------------------------------------------------
3 SEC USE ONLY
- ------------- -----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------- -----------------------------------------------------------------
5 SOLE VOTING POWER
-0-
--------- -------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,692,709
OWNED BY --------- -------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
--------- -------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,692,709
- ------------- -----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
1,692,709
- ------------- -----------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
- ------------- -----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.9%
- ------------- -----------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------- -----------------------------------------------------------------
<PAGE>
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CUSIP No. 855546107 13G Page 3 of 10 Pages
- --------------------- ---------------------
- ------------- -----------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Warburg, Pincus & Co. 13-6358475
- ------------- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------- -----------------------------------------------------------------
3 SEC USE ONLY
- ------------- -----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- ------------- -----------------------------------------------------------------
5 SOLE VOTING POWER
-0-
--------- -------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,385,417
OWNED BY --------- -------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
--------- -------------------------------------------------------
8 SHARED DISPOSITIVE POWER
3,385,417
- ------------- -----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
3,385,417
- ------------- -----------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
- ------------- -----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.8%
- ------------- -----------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------- -----------------------------------------------------------------
<PAGE>
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CUSIP No. 855546107 13G Page 4 of 10 Pages
- --------------------- ---------------------
- ------------- -----------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
E. M. Warburg, Pincus & Co., LLC 13-3536050
- ------------- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------- -----------------------------------------------------------------
3 SEC USE ONLY
- ------------- -----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- ------------- -----------------------------------------------------------------
5 SOLE VOTING POWER
-0-
--------- -------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,385,417
OWNED BY --------- -------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
--------- -------------------------------------------------------
8 SHARED DISPOSITIVE POWER
3,385,417
- ------------- -----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
3,385,417
- ------------- -----------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
- ------------- -----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.8%
- ------------- -----------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
- ------------- -----------------------------------------------------------------
<PAGE>
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CUSIP No. 855546107 13G Page 5 of 10 Pages
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- ------------- -----------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Warburg, Pincus Ventures International, L.P.
- ------------- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------- -----------------------------------------------------------------
3 SEC USE ONLY
- ------------- -----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
- ------------- -----------------------------------------------------------------
5 SOLE VOTING POWER
-0-
--------- -------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,692,708
OWNED BY --------- -------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
--------- -------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,692,708
- ------------- -----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
1,692,708
- ------------- -----------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
- ------------- -----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.9%
- ------------- -----------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------- -----------------------------------------------------------------
<PAGE>
Item 1(a): Name of Issuer:
- --------- --------------
StarMedia Network, Inc.
Item 1(b): Address of Issuer's Principal Executive Offices:
- --------- -----------------------------------------------
29 West 36th Street
New York, NY 10018
Item 2(a) Name of Person Filing
- --------- ---------------------
This statement is filed by and on behalf of (a)
Warburg, Pincus Equity Partners, L.P., a Delaware
limited partnership (together with three related
limited partnerships, "WPEP"), which directly owns
1,692,709 shares of the Common Stock, par value
$.001 per share, of StarMedia Network, Inc. (the
"Common Stock"); (b) Warburg, Pincus Ventures
International, L.P., a Bermuda limited partnership
("WPVI"), which directly owns 1,692,708 shares of
the Common Stock; (c) Warburg, Pincus & Co., a New
York general partnership ("WP"); and (d) E.M.
Warburg, Pincus & Co., LLC, a New York limited
liability company ("EMW LLC"), which manages WPEP
and WPVI. Lionel I. Pincus is the managing partner
of WP and the managing member of EMW LLC and may be
deemed also to control both WP and EMW LLC. The
members of EMW LLC are substantially the same as the
partners of WP.
Item 2(b): Address of Principal Business Office:
- --------- ------------------------------------
The business address of each of WPEP, WPVI, WP and
EMW LLC is 466 Lexington Avenue, New York, New York
10017.
Item 2(c): Citizenship:
- --------- -----------
WPEP is Delaware limited partnership. WPVI is a
Bermuda limited partnership. WP is New York general
partnership. EMW LLC is a New York limited liability
company.
Item 2(d): Title of Class of Securities:
- --------- ----------------------------
Common Stock
Item 2(e): CUSIP Number:
- --------- ------------
855546107
Item 3: If the reporting person is an investment advisor
- ------ in accordance with ss. 240.13d-1(B)(1)(ii)(E),
check this box [ ]
Page 6 of 10 Pages
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Item 4: Ownership:
- ------ ---------
Ownership of WPEP
-----------------
(a) 1,692,709 shares of Common Stock, as of the date
of this Statement
(b) 2.9% (based upon number of shares outstanding as
reported in the Issuer's Form 10-Q, filed for the
quarterly period ended September 30, 1999)
(c) (i) -0-
(ii) 1,692,709
(iii) -0-
(iv) 1,692,709
Ownership of WPVI
-----------------
(a) 1,692,708 shares of Common Stock, as of the date
of this Statement
(b) 2.9% (based upon number of shares outstanding as
of September 30, 1999, as reported in the Issuer's
Form 10-Q, filed for the quarterly period ended
September 30, 1999)
(c) (i) -0-
(ii) 1,692,708
(iii) -0-
(iv) 1,692,708
Ownership of WP and EMW LLC:
---------------------------
(a) 3,385,417 shares of Common Stock, as of the date
of this Statement
(b) 5.8% (based upon number of shares outstanding as
of September 30, 1999, as reported in the Issuer's
Form 10-Q, filed for the quarterly period ended
September 30, 1999)
(c) (i) -0-
(ii) 3,385,417
(iii) -0-
(iv) 3,385,417
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:
--------------
Page 7 of 10 Pages
<PAGE>
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 8 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: February 14, 2000
WARBURG, PINCUS EQUITY PARTNERS, L.P.
By: Warburg, Pincus & Co.,
General Partner
By: /s/ Stephen Distler
--------------------------------
Stephen Distler, Partner
WARBURG, PINCUS VENTURES INTERNATIONAL, L.P.
By: Warburg, Pincus & Co.,
General Partner
By: /s/ Stephen Distler
--------------------------------
Stephen Distler, Partner
WARBURG, PINCUS & CO.
By: /s/ Stephen Distler
--------------------------------
Stephen Distler, Partner
E.M. WARBURG, PINCUS & CO., LLC
By: /s/ Stephen Distler
--------------------------------
Stephen Distler, Member
Page 9 of 10 Pages
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EXHIBIT INDEX
Exhibit Title
- ------- -----
Exhibit 99.1: Joint Filing Agreement Pursuant to Rule 13d-1(k)(1)
Page 10 of 10 Pages
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Joint Filing Agreement
The undersigned hereby agree that the statement on Schedule 13G with
respect to the common shares of StarMedia Network, Inc. is, and any amendment
thereto signed by each of the undersigned shall be, filed on behalf of each
undersigned pursuant to and in accordance with the provisions of 13d-1(k) under
the Securities Exchange Act of 1934, as amended.
Dated: February 14, 2000
WARBURG, PINCUS EQUITY PARTNERS, L.P.
By: Warburg, Pincus & Co.,
General Partner
By: /s/ Stephen Distler
--------------------------------
Stephen Distler, Partner
WARBURG, PINCUS VENTURES INTERNATIONAL, L.P.
By: Warburg, Pincus & Co.,
General Partner
By: /s/ Stephen Distler
--------------------------------
Stephen Distler, Partner
WARBURG, PINCUS & CO.
By: /s/ Stephen Distler
--------------------------------
Stephen Distler, Partner
E.M. WARBURG, PINCUS & CO., LLC
By: /s/ Stephen Distler
--------------------------------
Stephen Distler, Member
