SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 9)*
GRUBB & ELLIS COMPANY
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
40009-52-0
(CUSIP Number)
Martin H. Neidell
Stroock & Stroock & Lavan LLP
180 Maiden Lane, New York, NY 10038
212-806-5836
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
DECEMBER 30, 1997
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*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
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>
SCHEDULE 13D
- ----------------------- ------------------------
CUSIP No. 40009-52-0 Page 2 of __ Pages
- ----------------------- ------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Investors, L.P.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
-------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 10,443,339
OWNED BY
-------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 10,443,339
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,443,339
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
*
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
57.1%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ----------------------- ------------------------
CUSIP No. 40009-52-0 Page 3 of __ Pages
- ----------------------- ------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
E.M. Warburg, Pincus & Company LLC
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
-------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 10,443,339
OWNED BY
-------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 10,443,339
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,443,339
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
*
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
57.1%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- -------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- -------------------------------- -----------------------------------
CUSIP No. 40009-52-0 Page 5 of __ Pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus & Co.
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
-------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 10,443,339
OWNED BY
-------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 10,443,339
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,443,339
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
*
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
57.1%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
<PAGE>
This Amendment No. 9 to Schedule 13D is being filed on behalf of
Warburg, Pincus Investors, L.P. ("WPI") and certain of its affiliated entities
(the "Reporting Entities") relating to the common stock, par value $.01 per
share (the "Common Stock"), of Grubb & Ellis Company, a Delaware corporation
(the "Company"). Terms defined in the original Schedule 13D, as amended, shall
have the same meaning when used herein. This amendment is being filed pursuant
to Rule 13d-2 of the General Rules and Regulations under the Securities Exchange
Act of 1934, as amended.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
WPI is the beneficial owner of 10,443,339 shares of Common Stock
through its direct ownership of (i) 9,105,981 shares of Common Stock, and (ii)
warrants to purchase an aggregate of 1,337,358 shares of Common Stock. The
shares of Common Stock and warrants, upon exercise, represent approximately
57.1% of the shares of Common Stock calculated in accordance with Rule
13d-3(d)(1)(i). WPC and E.M. Warburg may be deemed to own beneficially the
shares of Common Stock beneficially owned by WPI.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
On December 30, 1997, WPI and the Company entered into an agreement whereby
WPI agreed that whenever a matter is brought to the vote of the stockholders of
the Company and WPI beneficially has more than 50% of the voting power entitled
to vote on such matter (the "Limit"), then WPI may vote its shares up to the
Limit in its discretion and WPI may vote its shares in excess of the Limit in
the same proportion as the shares of voting stock owned by holders other than
WPI are voted. The agreement may not be amended or terminated without the
concurrence of a majority of the directors of the Company who are not officers,
employees, members or partners of WPI or the Company or a majority of the votes
of the Company at a meeting duly called other than shares owned by WPI. In
addition, the agreement may be terminated by WPI or the Company if it has
received an opinion from a certified public accounting firm that the agreement
shall not be effective to divest WPI of voting power in excess of the 50%
limitation for pooling of interest accounting rules.
<PAGE>
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.
WARBURG, PINCUS INVESTORS, L.P.
By: WARBURG, PINCUS & CO.,
General Partner
By:/s/ Reuben S. Leibowitz
Reuben S. Leibowitz, Partner
E.M. WARBURG, PINCUS & COMPANY LLC
By:/s/ Reuben S. Leibowitz
Reuben S. Leibowitz, Member
WARBURG, PINCUS & CO.
By:/s/ Reuben S. Leibowitz
Reuben S. Leibowitz, Partner
Dated: January 23, 1998
