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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
ASM INTERNATIONAL N.V.
- --------------------------------------------------------------------------------
(Name of Issuer)
Ordinary Shares, Par Value NLG 0.01 Per Share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
N0704510
------------------------------
(CUSIP Number)
October 1, 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:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] 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 14 pages
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- ------------------ ------------------
CUSIP No. N0704510 13G Page 2 of 14 Pages
- ------------------ ------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
The Palladin Group L.P.
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,237,957
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,237,957
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,237,957
- ---------- ---------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.6%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN, IA
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 14 pages
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- ------------------ ------------------
CUSIP No. N0704510 13G Page 3 of 14 Pages
- ------------------ ------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Halifax Fund, L.P.
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,237,957
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,237,957
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,138,832
- ---------- ---------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X]
Excludes shares owned by The Gleneagles Fund Company, Palladin
Overseas Fund Limited, Palladin Partners I, L.P. and Lancer
Securities (Cayman) Limited
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.8%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 3 of 14 pages
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- ------------------ ------------------
CUSIP No. N0704510 13G Page 4 of 14 Pages
- ------------------ ------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
The Gleneagles Fund Company
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,237,957
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,237,957
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
378,105
- ---------- ---------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
Excludes shares owned by Halifax Fund, L.P., Palladin Overseas Fund
Limited, Palladin Partners I, L.P. and Lancer Securities (Cayman)
Limited
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.9%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 4 of 14 pages
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- ------------------ ------------------
CUSIP No. N0704510 13G Page 5 of 14 Pages
- ------------------ ------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Palladin Overseas Fund Limited
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,237,957
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,237,957
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
200,358
- ---------- ---------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
Excludes shares owned by Halifax Fund, L.P., The Gleneagles Fund
Company, Palladin Partners I, L.P. and Lancer Securities (Cayman)
Limited
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.5%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 5 of 14 pages
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- ------------------ ------------------
CUSIP No. N0704510 13G Page 6 of 14 Pages
- ------------------ ------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Palladin Partners I, L.P.
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,237,957
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,237,957
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
194,219
- ---------- ---------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
Excludes shares owned by Halifax Fund, L.P., The Gleneagles Fund
Company, Palladin Overseas Fund Limited and Lancer
Securities (Cayman) Limited
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.5%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 6 of 14 pages
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- ------------------ ------------------
CUSIP No. N0704510 13G Page 7 of 14 Pages
- ------------------ ------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Lancer Securities (Cayman) Limited
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,237,957
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,237,957
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
326,443
- ---------- ---------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
Excludes shares owned by Halifax Fund, L.P., The Gleneagles Fund
Company, Palladin Overseas Fund Limited and Palladin Partners I, L.P.
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.8%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 7 of 14 pages
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Item 1(a) Name of Issuer:
---------------
ASM International N.V. (the "Issuer")
Item 1(b) Address of Issuer's Principal Executive Offices:
------------------------------------------------
Jan van Eycklaan 10
3723 BC Bilthoven
The Netherlands
Items 2(a) Name of Person Filing:
----------------------
This statement is being filed by and on
behalf of:
(i) The Palladin Group L.P.;
(ii) Halifax Fund, L.P.;
(iii) The Gleneagles Fund Company;
(iv) Palladin Overseas Fund Limited;
(v) Palladin Partners I, L.P.; and
(vi) Lancer Securities (Cayman) Limited.
Item 2(b) Address of Principal Business Office:
-------------------------------------
(i) The principal business address of The Palladin Group
L.P. is 195 Maplewood Avenue, Maplewood, New Jersey 07040;
(ii) The principal business address of Halifax Fund, L.P. is
c/o Citco Fund Services (Cayman Islands) Ltd., Corporate
Centre, West Bay Road, P.O. Box 31106 SMB, Grand Cayman,
Cayman Islands;
(iii) The principal business address of The Gleneagles Fund
Company is c/o Citco Fund Services (Cayman Islands) Ltd.,
Corporate Centre, West Bay Road, P.O. Box 31106 SMB, Grand
Cayman, Cayman Islands;
(iv) The principal business address of Palladin Overseas
Fund Limited is c/o Citco Fund Services (Cayman Islands)
Ltd., Corporate Centre, West Bay Road, P.O. Box 31106 SMB,
Grand Cayman, Cayman Islands;
(v) The principal business address of Palladin Partners I,
L.P. is c/o The Palladin Group L.P., 195 Maplewood Avenue,
Maplewood, New Jersey 07040; and
Page 8 of 14 pages
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(vi) The principal business address of Lancer Securities
(Cayman) Limited is c/o The Palladin Group L.P., 195
Maplewood Avenue, Maplewood, New Jersey 07040.
Item 2(c) Citizenship:
------------
(i) The Palladin Group L.P. is a Texas limited
partnership;
(ii) Halifax Fund, L.P. is a Cayman Islands limited
partnership;
(iii) The Gleneagles Fund Company is a Cayman Islands
company;
(iv) Palladin Overseas Fund Limited is a Cayman Islands
company;
(v) Palladin Partners I, L.P. is a Delaware limited
partnership; and
(vi) Lancer Securities (Cayman) Limited is a Cayman
Islands company.
Item 2(d) Title of Class of Securities:
-----------------------------
Ordinary Shares, par value NLG 0.01 per share (the "Shares")
Item 2(e) CUSIP Number:
-------------
N0704510
Item 3 Not Applicable
Item 4 Ownership:
----------
Item 4(a) Amount Beneficially Owned:
--------------------------
(i) As of the date hereof, The Palladin Group L.P. may be
deemed to beneficially own 2,237,957 Shares by virtue of its
role as an investment adviser for Halifax Fund, L.P., The
Gleneagles Fund Company, Palladin Overseas Fund Limited,
Palladin Partners I, L.P. and Lancer Securities (Cayman)
Limited (collectively, the "Investors"). As investment
adviser, The Palladin Group L.P. exercises investment and
voting control over the Shares owned by each Investor.
(ii) Halifax Fund, L.P. beneficially owns 1,138,832 Shares,
and disclaims beneficial
Page 9 of 14 pages
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ownership with respect to the Shares owned by the other
Investors;
(iii) The Gleneagles Fund Company beneficially owns 378,105
Shares, and disclaims beneficial ownership with respect to
the Shares owned by the other Investors;
(iv) Palladin Overseas Fund Limited beneficially owns
200,358 Shares, and disclaims beneficial ownership with
respect to the Shares owned by the other Investors;
(v) Palladin Partners I, L.P. beneficially owns 194,219
Shares, and disclaims beneficial ownership with respect to
the Shares owned by the other Investors; and
(vi) Lancer Securities (Cayman Limited) beneficially owns
326,443 Shares, and disclaims beneficial ownership with
respect to the Shares owned by the other Investors.
Item 4(b) Percent of Class:
-----------------
(i) The number of Shares with respect to which The Palladin
Group L.P. may be deemed to be the beneficial owner
constitutes 5.6% of the total number of Shares outstanding;
(ii) The number of Shares with respect to which Halifax
Fund, L.P. may be deemed to be the beneficial owner
constitutes 2.8% of the total number of Shares
outstanding(1);
(iii) The number of Shares with respect to which The
Gleneagles Fund Company may be deemed to be the beneficial
owner constitutes 0.9% of the total number of Shares
outstanding(1);
(iv) The number of Shares with respect to which Palladin
Overseas Fund Limited may be deemed to be the beneficial
owner constitutes 0.5% of the total number of Shares
outstanding(1);
(v) The number of Shares with respect to which Palladin
Partners I, L.P. may be deemed to be the beneficial owner
constitutes 0.5% of the total number of Shares
outstanding(1); and
- ----------
(1) Excludes Shares owned by the other Investors.
Page 10 of 14 pages
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(vi) The number of Shares with respect to which Lancer
Securities (Cayman) Limited may be deemed to be the
beneficial owner constitutes 0.8% of the total number of
Shares outstanding1.
Item 4(c) Number of shares as to which such person has:
---------------------------------------------
(i) Sole power to vote or direct the vote and to dispose or
direct the disposition of:
The Palladin Group L.P.: 0
Halifax Fund, L.P.: 0
The Gleneagles Fund Company: 0
Palladin Overseas Fund Limited: 0
Palladin Partners I, L.P.: 0
Lancer Securities (Cayman) Limited: 0
(ii) Shared power to vote or direct the vote and to dispose
or direct the disposition of:
The Palladin Group L.P.: 2,237,957. The Palladin Group L.P.
acts as investment adviser for the Investors and exercises
voting and dispositive control with respect to the Shares
owned by each Investor.
Each of the Investors may be considered to share the power
to vote or direct the vote and to dispose or direct the
disposition of 2,237,957 Shares by virtue of common
ownership and management of the Investors.
Page 11 of 14 pages
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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:
-------
No other person other than The Palladin Group, L.P. or the
Investors is known to have the right to receive or the power
to direct the receipt of dividends from or the proceeds of
sale of the Shares. None of the Investors owns 5% or more of
the outstanding Shares.
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:
--------------
By signing below we certify that, to the best of our
knowledge and belief, the securities referred to above were
not acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer
of the securities and were not acquired and are not held in
connection with or as a participant in any transaction
having that purpose or effect.
Page 12 of 14 pages
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SIGNATURE
---------
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 14, 2000
THE PALLADIN GROUP L.P.
By: /s/ Jeffrey E. Devers
------------------------------
Jeffrey E. Devers
HALIFAX FUND, L.P.,
By: The Palladin Group
L.P., as Investment
Manager
By: /s/ Jeffrey E. Devers
------------------------------
Jeffrey E. Devers
THE GLENEAGLES FUND COMPANY
By: The Palladin Group
L.P., as Investment
Manager
By: /s/ Jeffrey E. Devers
------------------------------
Jeffrey E. Devers
PALLADIN OVERSEAS FUND LIMITED,
By: The Palladin Group
L.P., as Investment
Manager
By: /s/ Jeffrey E. Devers
------------------------------
Jeffrey E. Devers
PALLADIN PARTNERS I, L.P.
By: Palladin Asset Management, LLC
By: /s/ Jeffrey E. Devers
------------------------------
Jeffrey E. Devers
Page 13 of 14 pages
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LANCER SECURITIES (CAYMAN LIMITED)
By: The Palladin Group
L.P., as Investment
Manager
By: /s/ Jeffrey E. Devers
------------------------------
Jeffrey E. Devers
Page 14 of 14 pages
