<PAGE>
- -------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
GREAT AMERICAN MANAGEMENT AND INVESTMENT, INC.
----------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01
-----------------------------
(Title of Class of Securities)
0003898931
--------------
CUSIP Number
HELLMAN & FRIEDMAN CAPITAL MANAGEMENT, INC.
One Maritime Plaza, 12th Floor
San Francisco, California 94111
(415) 788-5111
with a copy to:
Paul J. Mundie, Esq.
Heller, Ehrman, White & McAuliffe
333 Bush Street
San Francisco, California 94104
(415) 772-6186
-------------------------------------
(Name, address and telephone number
of person authorized to receive
notices and communications)
AUGUST 25, 1995
-------------------------------
(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 statement, and is filing this
statement because of Rule 13d-1(b)(3) or (4), check the following: / /
Check the following box if a fee is being paid with this statement: / /
(Page 1 of 31 pages)
<PAGE>
1) Name of Reporting Persons:
Hellman & Friedman Capital Partners,
a California Limited Partnership
- -------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
------
(a) XX
------ ------------------------------------------------------
------
(b)
------ ------------------------------------------------------
- -------------------------------------------------------------------------------
3) SEC Use Only
-------------------------------------------------
- -------------------------------------------------------------------------------
4) Source of Funds (See Instructions): WC
- -------------------------------------------------------------------------------
------
5) Check if Disclosure of Legal proceedings
------ is Required Pursuant to Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
6) Citizenship or Place of Organization: California
- -------------------------------------------------------------------------------
Number 7) Sole Voting Power: -0-
of -------------------------------------------
Shares
Beneficially 8) Shared Voting Power: -0-
Owned -------------------------------------------
by
Each 9) Sole Dispositive Power: -0-
Reporting -------------------------------------------
Person
With 10) Shared Dispositive Power: -0-
- -------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 19,998
- -------------------------------------------------------------------------------
------
12) Check if the Aggregate Amount in Row (11)
------ Excludes Certain Shares (See Instructions)
- -------------------------------------------------------------------------------
13) Percent of Class Represented by amount in Row (11):
Less than 1%
- -------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): PN
- -------------------------------------------------------------------------------
(Page 2 of 31 pages)
<PAGE>
1) Name of Reporting Persons:
Hellman & Friedman Capital Partners International (BVI)
- -------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
------
(a) XX
------ ------------------------------------------------------
------
(b)
------ ------------------------------------------------------
- -------------------------------------------------------------------------------
3) SEC Use Only
-------------------------------------------------
- -------------------------------------------------------------------------------
4) Source of Funds (See Instructions): WC
- -------------------------------------------------------------------------------
------
5) Check if Disclosure of Legal proceedings
------ is Required Pursuant to Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
6) Citizenship or Place of Organization: British
Virgin Islands
- -------------------------------------------------------------------------------
Number 7) Sole Voting Power: -0-
of ---------------------------------------------------------
Shares
Beneficially 8) Shared Voting Power: -0-
Owned ---------------------------------------------------------
by
Each 9) Sole Dispositive Power: -0-
Reporting ---------------------------------------------------------
Person
With 10) Shared Dispositive Power: -0-
- -------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 19,998
- -------------------------------------------------------------------------------
------
12) Check if the Aggregate Amount in Row (11)
------ Excludes Certain Shares (See Instructions)
- -------------------------------------------------------------------------------
13) Percent of Class Represented by amount in Row (11):
Less than 1%
- -------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): PN
- -------------------------------------------------------------------------------
(Page 3 of 31 pages)
<PAGE>
1) Name of Reporting Persons:
H&F Redwood Partners, L.P.,
a California limited partnership
- -------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
------
(a) XX
------ ------------------------------------------------------
------
(b)
------ ------------------------------------------------------
- -------------------------------------------------------------------------------
3) SEC Use Only
-------------------------------------------------
- -------------------------------------------------------------------------------
4) Source of Funds (See Instructions): WC
- -------------------------------------------------------------------------------
------
5) Check if Disclosure of Legal proceedings
------ is Required Pursuant to Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
6) Citizenship or Place of Organization: California
- -------------------------------------------------------------------------------
Number 7) Sole Voting Power: -0-
of ---------------------------------------------------------
Shares
Beneficially 8) Shared Voting Power: -0-
Owned ---------------------------------------------------------
by
Each 9) Sole Dispositive Power: -0-
Reporting ---------------------------------------------------------
Person
With 10) Shared Dispositive Power: -0-
- -------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 19,998
- -------------------------------------------------------------------------------
------
12) Check if the Aggregate Amount in Row (11)
------ Excludes Certain Shares (See Instructions)
- -------------------------------------------------------------------------------
13) Percent of Class Represented by amount in Row (11):
Less than 1%
- -------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): PN
- -------------------------------------------------------------------------------
(Page 4 of 31 pages)
<PAGE>
1) Name of Reporting Persons:
Hellman & Friedman Capital Management,
a California Limited Partnership
- -------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
------
(a) XX
------ ------------------------------------------------------
------
(b)
------ ------------------------------------------------------
- -------------------------------------------------------------------------------
3) SEC Use Only
-------------------------------------------------
- -------------------------------------------------------------------------------
4) Source of Funds (See Instructions): OO (WC of
other group member)
- -------------------------------------------------------------------------------
------
5) Check if Disclosure of Legal proceedings
------ is Required Pursuant to Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
6) Citizenship or Place of Organization: California
- -------------------------------------------------------------------------------
Number 7) Sole Voting Power: -0-
of ---------------------------------------------------------
Shares
Beneficially 8) Shared Voting Power: -0-
Owned ---------------------------------------------------------
by
Each 9) Sole Dispositive Power: -0-
Reporting ---------------------------------------------------------
Person
With 10) Shared Dispositive Power: -0-
- -------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 19,998
- -------------------------------------------------------------------------------
------
12) Check if the Aggregate Amount in Row (11)
------ Excludes Certain Shares (See Instructions)
- -------------------------------------------------------------------------------
13) Percent of Class Represented by amount in Row (11):
Less than 1%
- -------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): PN
- -------------------------------------------------------------------------------
(Page 5 of 31 pages)
<PAGE>
1) Name of Reporting Persons:
Hellman & Friedman Capital Management,
International, a California Limited Partnership
- -------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
------
(a) XX
------ ------------------------------------------------------
------
(b)
------ ------------------------------------------------------
- -------------------------------------------------------------------------------
3) SEC Use Only
-------------------------------------------------
- -------------------------------------------------------------------------------
4) Source of Funds (See Instructions): OO (WC of
other group member)
- -------------------------------------------------------------------------------
------
5) Check if Disclosure of Legal proceedings
------ is Required Pursuant to Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
6) Citizenship or Place of Organization: California
- -------------------------------------------------------------------------------
Number 7) Sole Voting Power: -0-
of ---------------------------------------------------------
Shares
Beneficially 8) Shared Voting Power: -0-
Owned ---------------------------------------------------------
by
Each 9) Sole Dispositive Power: -0-
Reporting ---------------------------------------------------------
Person
With 10) Shared Dispositive Power: -0-
- -------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 19,998
- -------------------------------------------------------------------------------
------
12) Check if the Aggregate Amount in Row (11)
------ Excludes Certain Shares (See Instructions)
- -------------------------------------------------------------------------------
13) Percent of Class Represented by amount in Row (11):
Less than 1%
- -------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): PN
- -------------------------------------------------------------------------------
(Page 6 of 31 pages)
<PAGE>
1) Name of Reporting Persons:
H&F Redwood Investors, L.P.,
a California Limited Partnership
- -------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
------
(a) XX
------ ------------------------------------------------------
------
(b)
------ ------------------------------------------------------
- -------------------------------------------------------------------------------
3) SEC Use Only
-------------------------------------------------
- -------------------------------------------------------------------------------
4) Source of Funds (See Instructions): OO (WC of
other group member)
- -------------------------------------------------------------------------------
------
5) Check if Disclosure of Legal proceedings
------ is Required Pursuant to Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
6) Citizenship or Place of Organization: California
- -------------------------------------------------------------------------------
Number 7) Sole Voting Power: -0-
of ---------------------------------------------------------
Shares
Beneficially 8) Shared Voting Power: -0-
Owned ---------------------------------------------------------
by
Each 9) Sole Dispositive Power: -0-
Reporting ---------------------------------------------------------
Person
With 10) Shared Dispositive Power: -0-
- -------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 19,998
- -------------------------------------------------------------------------------
------
12) Check if the Aggregate Amount in Row (11)
------ Excludes Certain Shares (See Instructions)
- -------------------------------------------------------------------------------
13) Percent of Class Represented by amount in Row (11):
Less than 1%
- -------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): PN
- -------------------------------------------------------------------------------
(Page 7 of 31 pages)
<PAGE>
1) Name of Reporting Persons:
Hellman & Friedman Capital Management, Inc.
- -------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
------
(a) XX
------ ------------------------------------------------------
------
(b)
------ ------------------------------------------------------
- -------------------------------------------------------------------------------
3) SEC Use Only
-------------------------------------------------
- -------------------------------------------------------------------------------
4) Source of Funds (See Instructions): OO (WC of
other group member)
- -------------------------------------------------------------------------------
------
5) Check if Disclosure of Legal proceedings
------ is Required Pursuant to Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
6) Citizenship or Place of Organization: California
- -------------------------------------------------------------------------------
Number 7) Sole Voting Power: -0-
of ---------------------------------------------------------
Shares
Beneficially 8) Shared Voting Power: -0-
Owned ---------------------------------------------------------
by
Each 9) Sole Dispositive Power: -0-
Reporting ---------------------------------------------------------
Person
With 10) Shared Dispositive Power: -0-
- -------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 19,998
- -------------------------------------------------------------------------------
------
12) Check if the Aggregate Amount in Row (11)
------ Excludes Certain Shares (See Instructions)
- -------------------------------------------------------------------------------
13) Percent of Class Represented by amount in Row (11):
Less than 1%
- -------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): CO
- -------------------------------------------------------------------------------
(Page 8 of 31 pages)
<PAGE>
1) Name of Reporting Persons:
H&F Capital Management International, Inc.
- -------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
------
(a) XX
------ ------------------------------------------------------
------
(b)
------ ------------------------------------------------------
- -------------------------------------------------------------------------------
3) SEC Use Only
-------------------------------------------------
- -------------------------------------------------------------------------------
4) Source of Funds (See Instructions): OO (WC of
other group member)
- -------------------------------------------------------------------------------
------
5) Check if Disclosure of Legal proceedings
------ is Required Pursuant to Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
6) Citizenship or Place of Organization: California
- -------------------------------------------------------------------------------
Number 7) Sole Voting Power: -0-
of ---------------------------------------------------------
Shares
Beneficially 8) Shared Voting Power: -0-
Owned ---------------------------------------------------------
by
Each 9) Sole Dispositive Power: -0-
Reporting ---------------------------------------------------------
Person
With 10) Shared Dispositive Power: -0-
- -------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 19,998
- -------------------------------------------------------------------------------
------
12) Check if the Aggregate Amount in Row (11)
------ Excludes Certain Shares (See Instructions)
- -------------------------------------------------------------------------------
13) Percent of Class Represented by amount in Row (11):
Less than 1%
- -------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): CO
- -------------------------------------------------------------------------------
(Page 9 of 31 pages)
<PAGE>
1) Name of Reporting Persons:
H&F Redwood Investors, Inc.,
a California corporation
- -------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
------
(a) XX
------ ------------------------------------------------------
------
(b)
------ ------------------------------------------------------
- -------------------------------------------------------------------------------
3) SEC Use Only
-------------------------------------------------
- -------------------------------------------------------------------------------
4) Source of Funds (See Instructions): OO (WC of
other group member)
- -------------------------------------------------------------------------------
------
5) Check if Disclosure of Legal proceedings
------ is Required Pursuant to Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
6) Citizenship or Place of Organization: California
- -------------------------------------------------------------------------------
Number 7) Sole Voting Power: -0-
of ---------------------------------------------------------
Shares
Beneficially 8) Shared Voting Power: -0-
Owned ---------------------------------------------------------
by
Each 9) Sole Dispositive Power: -0-
Reporting ---------------------------------------------------------
Person
With 10) Shared Dispositive Power: -0-
- -------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 19,998
- -------------------------------------------------------------------------------
------
12) Check if the Aggregate Amount in Row (11)
------ Excludes Certain Shares (See Instructions)
- -------------------------------------------------------------------------------
13) Percent of Class Represented by amount in Row (11):
Less than 1%
- -------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): CO
- -------------------------------------------------------------------------------
(Page 10 of 31 pages)
<PAGE>
1) Name of Reporting Persons:
F. Warren Hellman
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2) Check the Appropriate Box if a Member of a Group (See
Instructions)
------
(a) XX
------ ------------------------------------------------------
------
(b)
------ ------------------------------------------------------
- -------------------------------------------------------------------------------
3) SEC Use Only
-------------------------------------------------
- -------------------------------------------------------------------------------
4) Source of Funds (See Instructions): OO (WC of
other group member)
- -------------------------------------------------------------------------------
------
5) Check if Disclosure of Legal proceedings
------ is Required Pursuant to Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
6) Citizenship or Place of Organization: United States
- -------------------------------------------------------------------------------
Number 7) Sole Voting Power: 18,332
of ---------------------------------------------------------
Shares
Beneficially 8) Shared Voting Power: -0-
Owned ---------------------------------------------------------
by
Each 9) Sole Dispositive Power: 18,332
Reporting ---------------------------------------------------------
Person
With 10) Shared Dispositive Power: -0-
- -------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 19,998
- -------------------------------------------------------------------------------
------
12) Check if the Aggregate Amount in Row (11)
------ Excludes Certain Shares (See Instructions)
- -------------------------------------------------------------------------------
13) Percent of Class Represented by amount in Row (11):
Less than 1%
- -------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): IN
- -------------------------------------------------------------------------------
(Page 11 of 31 pages)
<PAGE>
1) Name of Reporting Persons:
Tully M. Friedman
- -------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
------
(a) XX
------ ------------------------------------------------------
------
(b)
------ ------------------------------------------------------
- -------------------------------------------------------------------------------
3) SEC Use Only
-------------------------------------------------
- -------------------------------------------------------------------------------
4) Source of Funds (See Instructions): OO (WC of
other group member)
- -------------------------------------------------------------------------------
------
5) Check if Disclosure of Legal proceedings
------ is Required Pursuant to Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
6) Citizenship or Place of Organization: United States
- -------------------------------------------------------------------------------
Number 7) Sole Voting Power: -0-
of ---------------------------------------------------------
Shares
Beneficially 8) Shared Voting Power: -0-
Owned ---------------------------------------------------------
by
Each 9) Sole Dispositive Power: -0-
Reporting ---------------------------------------------------------
Person
With 10) Shared Dispositive Power: -0-
- -------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 19,998
- -------------------------------------------------------------------------------
------
12) Check if the Aggregate Amount in Row (11)
------ Excludes Certain Shares (See Instructions)
- -------------------------------------------------------------------------------
13) Percent of Class Represented by amount in Row (11):
Less than 1%
- -------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): IN
- -------------------------------------------------------------------------------
(Page 12 of 31 pages)
<PAGE>
1) Name of Reporting Persons:
John M. Pasquesi
- -------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
------
(a) XX
------ ------------------------------------------------------
------
(b)
------ ------------------------------------------------------
- -------------------------------------------------------------------------------
3) SEC Use Only
-------------------------------------------------
- -------------------------------------------------------------------------------
4) Source of Funds (See Instructions): OO (WC of
other group member)
- -------------------------------------------------------------------------------
------
5) Check if Disclosure of Legal proceedings
------ is Required Pursuant to Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
6) Citizenship or Place of Organization: United States
- -------------------------------------------------------------------------------
Number 7) Sole Voting Power: 1,666
of ---------------------------------------------------------
Shares
Beneficially 8) Shared Voting Power: -0-
Owned ---------------------------------------------------------
by
Each 9) Sole Dispositive Power: 1,666
Reporting ---------------------------------------------------------
Person
With 10) Shared Dispositive Power: -0-
- -------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 19,998
- -------------------------------------------------------------------------------
------
12) Check if the Aggregate Amount in Row (11)
------ Excludes Certain Shares (See Instructions)
- -------------------------------------------------------------------------------
13) Percent of Class Represented by amount in Row (11):
Less than 1%
- -------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): IN
- -------------------------------------------------------------------------------
(Page 13 of 31 pages)
<PAGE>
Hellman & Friedman Capital Management, Inc., a California corporation
("Capital Management"), hereby amends the Statement on Schedule 13D, as filed
July 30, 1990, as amended on September 4, 1990, November 26, 1991 and February
__, 1992 (the "Statement"), with respect to the shares of Common Stock, $0.01
par value (the "Common Stock") of Great American Management and Investment,
Inc., a Delaware corporation (the "Issuer"). This Amendment to the Statement is
filed by Capital Management on its own behalf and on behalf of Hellman &
Friedman Capital Partners, a California Limited Partnership, Hellman & Friedman
Capital Management, A California Limited Partnership, Hellman & Friedman Capital
Partners International (BVI), a British Virgin Islands Partnership, Hellman and
Friedman Capital Management International, a California Limited Partnership, H&F
Capital Management International, Inc., a California corporation, H&F Redwood
Partners, L.P., a California limited partnership, H&F Redwood Investors, L.P., a
California limited partnership, H&F Redwood Investors, Inc., a California
corporation, F. Warren Hellman, individually and as trustee of the Hellman
Family Revocable Trust Dated December 17, 1984 as the same has been and may be
amended, Tully M. Friedman, individually and as trustee of the Tully M.
Friedman Revocable Trust UDA January 3, 1980 as the same may be amended, and
John M. Pasquesi (collectively the "Reporting Persons"). Unless otherwise
indicated, capitalized terms used below but not defined herein have the meanings
assigned to them in the Statement.
Pursuant to Rule 101 of Regulation S-T, this Amendment to the
Statement restates the entire text of the Statement as amended through the date
hereof. Pursuant to such Rule previously filed paper exhibits are not being
restated electronically.
COVER PAGES
The cover pages to the Statement for the Reporting Persons identified
therein are amended to read as shown on the cover pages included in this
Amendment.
Item 1. SECURITY AND ISSUE.
The class of equity securities to which this statement relates is the
common stock, $0.01 par value (the "Common Stock") of Great American Management
and Investment, Inc., a corporation incorporated under the laws of Delaware (the
"Issuer") whose principal executive offices are located at Two North Riverside
Plaza, Suite 1950, Chicago, Illinois 60606.
Item 2. IDENTITY AND BACKGROUND.
Item 2 of the Statement is amended to read in its entirety as follows:
This statement is filed on behalf of Hellman & Friedman Capital
Partners, a California Limited Partnership ("Capital Partners"), Hellman &
Friedman Capital Management, a California
(Page 14 of 31 pages)
<PAGE>
Limited Partnership, the general partner of Capital Partners ("Capital
Management"), Hellman & Friedman Capital Management, Inc., a California
corporation, the general partner of Capital Management ("Capital Management,
Inc."), Hellman & Friedman Capital Partners International (BVI), a
partnership formed under the laws of the British Virgin Islands ("Capital
Partners International"), Hellman & Friedman Capital Management
International, a California Limited Partnership, the managing partner of
Capital Partners International ("Capital Management International"), H&F
Capital Management International, Inc., the general partner of Capital
Management International ("Management International, Inc."), H&F Redwood
Partners, L.P., a California limited partnership ("Redwood Partners"), H&F
Redwood Investors, L.P., a California limited partnership, the general
partner of Redwood Partners, ("Investors, L.P."), H&F Redwood Investors,
Inc., a California corporation, the general partner of Investors, L.P.,
("Investors, Inc."), F. Warren Hellman, Tully M. Friedman, (each the trustee
of a revocable trust which is a 50% shareholder in each of Management, Inc.,
Management International, Inc., and Investors, Inc.), and John M. Pasquesi.
The foregoing partnerships, corporations and individuals (referred to
collectively herein as the "Reporting Persons"), because of common ultimate
control of their investment decisions by Messrs. Hellman and Friedman,
constitute a "group" for purposes of Section 13(d) of the Securities Exchange
Act of 1934. Although Messrs. Hellman and Friedman are not obligated to cause
all shares owned by the group to be voted similarly, they are likely to do so.
a. CAPITAL PARTNERS
The principal executive offices of Capital Partners are located at One
Maritime Plaza, 12th Floor, San Francisco, California 94111. Capital Partners
was formed for the purpose of making investments in a variety of special
situations, including, without limitation, financial restructurings,
recapitalizations, financial service start-up companies, leveraged buy-outs and
taking positions in undervalued public companies. Capital Partners is a limited
partnership formed in September 1987 under the laws of the State of California.
b. CAPITAL MANAGEMENT.
The principal executive offices of Capital Management are located at
One Maritime Plaza, 12th Floor, San Francisco, California 94111. Capital
Management is a limited partnership formed under the laws of California in
September 1987 for the purpose of serving as the general partner of Capital
Partners.
c. MANAGEMENT, INC.
The principal executive offices of Management, Inc. are located at One
Maritime Plaza, 12th Floor, San Francisco, California 94111. Management, Inc.
is a California corporation whose principal business is serving as the general
partner of
(Page 15 of 31 pages)
<PAGE>
Capital Management. The sole shareholders of Management, Inc. are two revocable
trusts. F. Warren Hellman is the trustee of one of the trusts and Tully M.
Friedman is the trustee of the other trust. The names, address, present
principal occupations and citizenships of the executive officers and members of
the Board of Directors of Management, Inc. are set forth on Schedule 1 hereto.
d. CAPITAL PARTNERS INTERNATIONAL.
The principal executive offices of Capital Partners International are
located at Wickhams Cay, Road Town, Tortola, British Virgin Islands. Capital
Partners International is a partnership formed under the laws of the British
Virgin Islands in December 1987 for the purpose of making investments in a
variety of special situations, including, without limitation, financial
restructurings, recapitalizations, financial service start-up companies,
leveraged buy-outs and taking positions in undervalued public companies.
The partners in Capital Partners International are Capital Management
International and H&F Investment Capital International, Inc., a British Virgin
Islands international business company ("H & F Investment"). Pursuant to the
partnership agreement of Capital Partners International, Capital Management
International serves as the managing partner of Capital Partners International,
and as such directs the affairs of Capital Partners International (including
controlling the disposition and voting of securities held by Capital Partners
International) in much the same manner as would the general partner of a limited
partnership. Information regarding Capital Management International is provided
in paragraph (e) below. By contrast, H&F Investment functions essentially as
would a limited partner in a limited partnership, and as such does not control
(or share in the control of) the voting or disposition of securities owned by
Capital Partners International. The names, addresses, present principal
occupations and citizenships of the executive officers and members of the board
of directors of H & F Investment are set forth on Schedule 2 hereto.
e. CAPITAL MANAGEMENT INTERNATIONAL.
Capital Management International has its principal executive offices
at Wickhams Cay, Road Town, Tortola, British Virgin Islands. Capital Management
International is a limited partnership formed under the laws of the State of
California in November 1987 for the purpose of acting as the managing partner of
Capital Partners International.
f. MANAGEMENT INTERNATIONAL, INC.
Management International, Inc. has its principal executive offices at
Wickhams Cay, Road Town, Tortola, British Virgin Islands. The principal
business of Management International, Inc., a California corporation formed in
October 1987, is to act as the general partner of Capital Management
(Page 16 of 31 pages)
<PAGE>
International. The sole shareholders of Management International, Inc. are two
revocable trusts. F. Warren Hellman is the trustee of one of the trusts and
Tully M. Friedman is the trustee of the other. The names, addresses, present
principal occupations and citizenships of the executive officers and members of
the board of directors of Management International, Inc. are set forth on
Schedule 3 hereto.
g. REDWOOD PARTNERS.
The principal executive offices of Redwood Partners are located at One
Maritime Plaza, 12th Floor, San Francisco, California 94111. Redwood Partners
was formed for the purpose of acquiring a portion of the investment portfolio of
Capital Partners International, and may make certain follow-up investments at
the discretion of its general partner. Redwood Partners is a limited
partnership formed in December, 1991 under the laws of the State of California.
h. INVESTORS, L.P.
The principal executive offices of Investors, L.P. are located at One
Maritime Plaza, 12th Floor, San Francisco, California 94111. Investors, L.P.
is a limited partnership formed under the laws of the State of California in
December, 1991 for the purpose of serving as the general partner of Redwood
Partners.
i. INVESTORS, INC.
The principal executive offices of Investors, Inc. are located at One
Maritime Plaza, 12th Floor, San Francisco, California 94111. Investors, Inc.
is a California corporation whose principal business is serving as the general
partner of Investors, L.P. The sole shareholders of Investors, Inc. are two
revocable trusts. F. Warren Hellman is the trustee of one of the trusts and
Tully M. Friedman is the trustee of the other. The names, addresses, present
principal occupations and citizenships of the executive officers and members of
the board of directors of Investors, Inc. are set forth on Schedule 4 hereto.
j. F. WARREN HELLMAN.
Mr. Hellman is a trustee of a revocable trust which owns 50% of the
outstanding common stock of Management, Inc., Management International, Inc. and
Investors, Inc. Mr. Hellman's business address is One Maritime Plaza, 12th
Floor , San Francisco, California 94111. Mr. Hellman is a partner of Hellman &
Friedman, a general partnership formed under the laws of California, and as such
is primarily engaged in investment activities.
k. TULLY M. FRIEDMAN.
Tully M. Friedman is a trustee of a revocable trust which owns 50% of
the outstanding common stock of Management,
(Page 17 of 31 pages)
<PAGE>
Inc., Management International, Inc., and Investors, Inc. Mr. Friedman's
business address is One Maritime Plaza, 12th Floor, San Francisco, California
94111. Mr. Friedman is a partner of Hellman & Friedman, a general partnership
formed under the laws of California, and as such is primarily engaged in
investment activities.
l. JOHN M. PASQUESI
Mr. Pasquesi is Vice President and Secretary of Capital Management,
Capital Management International and Investors, Inc. His business address is
One Maritime Plaza, 12th Floor, San Francisco, California 94111. Mr. Pasquesi
is a partner in Hellman & Friedman, a general partnership formed under the
laws of California, and as such is presently engaged in investment activities.
During the last five years none of the Reporting Persons named above,
nor any of the directors or executive officers of each of Management, Inc.,
Management International, Inc., H&F Investments and Investors, Inc. have been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) nor has any of such persons been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction as a result of which
such person was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is amended to read in its entirety as follows:
As of July 17, 1990, Capital Partners, Capital Partners International,
the Issuer and Equity Holdings Limited, an Illinois limited partnership ("Equity
Holdings") entered into a Stock Purchase Agreement ("Purchase Agreement").
Pursuant to the Purchase Agreement, Capital Partners agreed to acquire 1,820,189
shares of Common Stock of the Issuer for an aggregate purchase price of
$45,729,725, and Capital Partners International agreed to acquire 170,811 shares
of Common Stock of the Issuer for an aggregate purchase price of $4,270,275.
The Purchase Agreement is attached hereto as Exhibit 7(2) and is incorporated
herein by this reference. The purchase of shares of Common Stock pursuant to
the Purchase Agreement closed on August 30, 1990. The funds used by Capital
Partners and Capital Partners International to pay their respective portions of
the purchase price were obtained by each such partnership from capital
contributions made by their respective partners pursuant to pre-existing capital
commitments.
On December 31, 1991 Redwood Partners acquired 65,696 shares of Common
Stock previously held by Capital Partners International. The shares were
contributed to Redwood Partners by its general and limited partner,
respectively. The limited partner of Redwood Partners, Vencap Holdings (1987)
Pte. Ltd. ("Vencap") acquired the 65,039 shares of Common Stock that it
contributed to Redwood Partners from H&F Investment Capital International, Inc.,
a British Virgin Islands international business company (the "Investment
Partner") and one of the partners in Capital Partners International, in
redemption of Vencap's capital stock in the Investment Partner. The Investment
Partner in turn had acquired such securities by means of a distribution from
Capital Partners International. The balance of the shares acquired by Redwood
Partners (657 shares of Common Stock) were contributed to it by Investors, L.P.
Investors, L.P.
(Page 18 of 31 pages)
<PAGE>
in turn received such shares as a capital contribution from its partners, who
had in turn received such shares by means of a distribution from Capital
Partners International to Capital Management International, and from Capital
Management International to its partners (and, in the case of Messrs. Hellman
and Friedman, by means of a further distribution to these revocable trusts by
Management International, Inc., which they immediately contributed to Investors,
Inc.). The foregoing transactions are more particularly described in the Asset
Transfer Agreement attached hereto as Exhibit 7(4).
All of the shares of Common Stock acquired from the Issuer pursuant to
the Purchase Agreement were sold back to the Issuer pursuant to the Stock
Purchase Agreement dated as of August 25, 1995 (the "Exchange Agreement") in
consideration of the delivery by the Issuer to Capital Partners, Capital
Partners International and Redwood Partners of 1,609,686, 92,501, and 57,813
shares of common stock of The Vigoro Corporation, respectively, which shares
were previously held by the Issuer. A copy of the Exchange Agreement is
attached hereto as Exhibit 7(5).
Item 4. PURPOSE OF TRANSACTION.
Item 4 is amended to read in its entirety as follows:
Pursuant to the Exchange Agreement each of Capital Partners,
Capital Partners International and Redwood Partners have sold all of their
shares of Common Stock of the Issuer. Further, the Reporting Persons have
entered into an agreement titled "Waiver and Termination of Certain
Agreements" (the "Termination Agreement") attached as Exhibit 7(7) hereto,
which provides for the termination of the Purchase Agreement and related
agreements between the parties thereto, but for provisions relating to
indemnification rights of certain of the Reporting Persons. Pursuant to the
Exchange Agreement and the Termination Agreement, the Reporting Persons have
surrendered, among other rights, the right to nominate director for election
to the Issuer's board.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
Items 5(a) and (b) are amended by deleting the beneficial ownership
table following the first paragraph of Item 5 and inserting in lieu thereof the
following:
(Page 19 of 31 pages)
<PAGE>
<TABLE>
<CAPTION>
NO. OF SHARES PERCENTAGE POWER TO VOTE POWER TO DISPOSE
BENEFICIALLY OF
PERSON OWNED CLASS(1) SOLE(2) SHARED(2) SOLE(2) SHARED(2)
- ------ ------------- ---------- ------- --------- ------- ---------
<S> <C> <C> <C> <C> <C> <C>
Capital Partners -0- * -0- -0- -0- -0-
Capital Management -0- * -0- -0- -0- -0-
Management, Inc. -0- * -0- -0- -0- -0-
Capital Partners International -0- * -0- -0- -0- -0-
Capital Management International -0- * -0- -0- -0- -0-
Management International, Inc. -0- * -0- -0- -0- -0-
Redwood Partners -0- * -0- -0- -0- -0-
Investors, L.P. -0- * -0- -0- -0- -0-
Investors, Inc. -0- * -0- -0- -0- -0-
F. Warren Hellman 18,332 * 18,332 -0- 18,332 -0-
Tully M. Friedman -0- * -0- -0- -0- -0-
John M. Pasquesi 1,666 * 1,666 -0- 1,666 -0-
Group 19,998 * 19,998 -0- 19,998 -0-
</TABLE>
Item 5(c) of the Statement is hereby amended to read as follows:
On August 25, 1995 the transactions contemplated in the Exchange
Agreement were effected, resulting in the sale of all shares of Common
Stock held by the Reporting Persons other than the options to
acquire shares of Common Stock held by Messrs. Hellman and Pasquesi
as disclosed pursuant to items 5(a) and (b) above.
Item 5(d) of the Statements is deleted, as no longer applicable.
Item 5(e) of the Statement is hereby amended to read as follows:
- ------------------
* Less than 1%
(1) The reported percentages have been determined based on the number of
outstanding shares of the Issuer's Common Stock on August 1, 1995, reported to
be 11,194,587 in Issuer's 10-Q for the quarter ended on June 30, 1995.
(2) Each of Capital Partners, Capital Management, and Management, Inc.
shared power to vote and power to dispose of the shares of Common Stock
beneficially owned by them with each other and with Messers. Hellman and
Friedman, which individuals ultimately control the voting and disposition of
such shares; each of Capital Partners International, Capital Management
International and Management International, Inc. similarly shared power to
vote and power to dispose of the shares of Common Stock beneficially owned by
them with each other and Messrs. Hellman and Friedman, which individuals
ultimately control the voting and disposition of such shares. Each of
Redwood Partners, Investors, L.P. and Investors, Inc. shared power to vote
and power to dispose of the shares of Common Stock beneficially owned by them
with each other and with Messrs. Hellman and Friedman, which individuals
ultimately control the voting and dispostion of such shares. Messrs. Hellman
and Friedman shared power to vote and power to dispose of the shares of
Commmon Stock beneficially owned by them with each other and the various
other Reporting Persons.
(Page 20 of 31 pages)
<PAGE>
The Reporting Persons ceased to be the beneficial owners of more
than 5% of the Issuer's Common Stock on August 25, 1995.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Item 6 of the Statement is hereby amended to read as follows:
PURCHASE AGREEMENT.
The Reporting Persons acquired the shares of Common Stock
pursuant to the Purchase Agreement attached as Exhibit 7(2). The
right of co-sale which was granted under the Agreement to Equity
Holdings has been waived in connection with the disposition of the
Reporting Persons shares pursuant to the Exchange Agreement attached
as Exhibit 7(6).
REDWOOD PARTNERS ACQUISITION
On December 31, 1991 Redwood Partners acquired 65,696 shares of
Common Stock as described in Item 3 above pursuant to the Asset
Transfer Agreement attached as Exhibit 7(4). Simultaneously with such
transfer, Capital Partners International, Redwood Partners Equity
Holding and the Issuer entered into the Transfer and Consent Agreement
attached as Exhibit 7(5) hereto in order to ensure that Redwood
Partners would enjoy the same rights under the Purchase Agreement with
respect to the Common Stock acquired from Capital Partners
International as had been enjoyed by Capital Partners International.
EXCHANGE AGREEMENT.
On August 25, 1995, Capital Partners, Capital Partners
International and Redwood Partners entered into the Exchange Agreement
with the Issuer. Pursuant to the Exchange Agreement, the Issuer has
acquired from Capital Partners, Capital Partners International and
Redwood Partners all of their shares of Common Stock of the Issuer in
exchange for 1,609,686, 92,501 and 57,813 shares of Common Stock of
The Vigoro Corporation held by the Issuer. Further, the Exchange
Agreement provides that the Issuer will pay to Capital Partners,
Capital Partners International and Redwood Partners 17.866% of the
sales proceeds resulting from any sale of all of the amount by which
any capital stock of Amerace Corporation received by the Company
exceeds $240,000,000 (subject to certain adjustments as provided in
the Exchange Agreement).
(Page 21 0f 31 pages)
<PAGE>
TERMINATION AGREEMENT.
The Termination Agreement provides for termination of the
Purchase Agreement and related agreements among the Reporting Persons,
the Issuer and certain other affiliates of the Issuer. As a result of
the Termination Agreement, the Reporting Persons have given up, among
other things, their right to nominate directors for election to the
Issuer's board. The Termination Agreement is attached as Exhibit
7(7).
Item 7. EXHIBITS.
Item 7 of the Statement is amended by adding thereto the following
exhibits:
Exhibit No. Description of Exhibit
----------- ----------------------
Exhibit 7(1) Agreement with respect to
Schedule 13D
Exhibit 7(2) Purchase Agreement
Exhibit 7(3) Further Agreement with
respect to Schedule 13D
Exhibit 7(4) Asset Transfer Agreement
Exhibit 7(5) Transfer and Consent Agreement
Exhibit 7(6) Exchange Agreement
Exhibit 7(7) Waiver and Termination of Certain Agreements
(Page 22 of 31 pages)
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned certifies that the information set forth
in this statement is true, complete and correct.
HELLMAN & FRIEDMAN CAPITAL
MANAGEMENT, INC.
Dated: August , 1995 By: /s/ John M. Pasquesi
-- -----------------------
Its: Vice President
----------------------
/s/ John M. Pasquesi
----------------------
John M. Pasquesi
(Page 23 of 31 pages)
<PAGE>
Schedule 1
----------
Hellman & Friedman Capital Management, Inc. ("Management, Inc.")
- ----------------------------------------------------------------
Directors and Executive Officers
- --------------------------------
<TABLE>
<CAPTION>
Present Principal
Name and Address(1) Title Principal Occupation Business and Address
- ------------------- ----- -------------------- --------------------
<S> <C> <C> <C>
F. Warren Hellman Director and Partner, Investment
One Maritime Plaza President Hellman & Friedman One Maritime Plaza
12th Floor H&F Investment 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Tully M. Friedman Director, Partner, Investment
One Maritime Plaza Vice President and Hellman & Friedman One Maritime Plaza
12th Floor Treasurer 12th Floor
San Francisco, CA 94111 H&F Investment San Francisco, CA 94111
Matthew R. Barger Vice President Partner, Investment
One Maritime Plaza H&F Investment Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
John M. Pasquesi Vice President and Partner, Investment
One Maritime Plaza Secretary Hellman & Friedman One Maritime Plaza
12th Floor H&F Investment 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Tortola Corp. Co. Ltd.(2) Vice President Not applicable Nominee Company
Wickhams Cay H&F Investment Wickhams Cay
Road Town Road Town
Tortola Tortola
British Virgin Islands British Virgin Islands
Mitchell R. Cohen Vice President Partner, Investment
One Maritime Plaza H&F Investment Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Georgia Lee Vice President Partner, Investment
One Maritime Plaza H&F Investment Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
- ---------------
<FN>
(1) Each of Messrs. F. Warren Hellman, Friedman, Barger, Pasquesi, Cohen and
Ms. Lee are United States Citizens.
(</TABLE>
<PAGE>
Schedule 2
----------
H&F Investment Capital International, Inc. ("H&F Investment")
- --------------------------------------------------------------
Directors and Executive Officers
- --------------------------------
<TABLE>
<CAPTION>
Present Principal
Name and Address(1) Title Principal Occupation Business and Address
- ------------------- ----- -------------------- --------------------
<S> <C> <C> <C>
F. Warren Hellman Director and Partner, Investment
One Maritime Plaza President Hellman & Friedman One Maritime Plaza
12th Floor H&F Investment 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Tully M. Friedman Director, Partner, Investment
One Maritime Plaza Vice President and Hellman & Friedman One Maritime Plaza
12th Floor Treasurer 12th Floor
San Francisco, CA 94111 H&F Investment San Francisco, CA 94111
John M. Pasquesi Vice President and Partner, Investment
One Maritime Plaza Secretary Hellman & Friedman One Maritime Plaza
12th Floor H&F Investment 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Tortola Corp. Co. Ltd.(2) Vice President Not applicable Nominee Company
Wickhams Cay H&F Investment Wickhams Cay
Road Town Road Town
Tortola Tortola
British Virgin Islands British Virgin Islands
- ---------------
<FN>
(1) Each of Messrs. F. Warren Hellman, Friedman, and Pasquesi are United States Citizens.
(2) This Corporation serves as an officer of H&F Investment.
</TABLE>
<PAGE>
Schedule 3
----------
H&F Capital Management International, Inc. ("Management International, Inc.")
- -----------------------------------------------------------------------------
Directors and Executive Officers
- --------------------------------
<TABLE>
<CAPTION>
Present Principal
Name and Address(1) Title Principal Occupation Business and Address
- ------------------- ----- -------------------- --------------------
<S> <C> <C> <C>
F. Warren Hellman Director and Partner, Investment
One Maritime Plaza President Hellman & Friedman One Maritime Plaza
12th Floor Management 12th Floor
San Francisco, CA 94111 International, Inc. San Francisco, CA 94111
Tully M. Friedman Director, Partner, Investment
One Maritime Plaza Vice President and Hellman & Friedman One Maritime Plaza
12th Floor Treasurer 12th Floor
San Francisco, CA 94111 Management San Francisco, CA 94111
International, Inc.
Matthew R. Barger Vice President Partner, Investment
One Maritime Plaza Management Hellman & Friedman One Maritime Plaza
12th Floor International, Inc. 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
John M. Pasquesi Vice President and Partner, Investment
One Maritime Plaza Secretary Hellman & Friedman One Maritime Plaza
12th Floor Management 12th Floor
San Francisco, CA 94111 International, Inc. San Francisco, CA 94111
John L. Bunce, Jr. Vice President Partner, Investment
One Maritime Plaza Management Hellman & Friedman One Maritime Plaza
12th Floor International, Inc. 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Marco W. Hellman Vice President Partner, Investment
One Maritime Plaza Management Hellman & Friedman One Maritime Plaza
12th Floor International, Inc. 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Mitchell R. Cohen Vice President Partner, Investment
One Maritime Plaza Management Hellman & Friedman One Maritime Plaza
12th Floor International, Inc. 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Georgia Lee Vice President Partner, Investment
One Maritime Plaza Management Hellman & Friedman One Maritime Plaza
12th Floor International, Inc. 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
- ---------------
<FN>
(1) Each of Messrs. F. Warren Hellman, Friedman, Barger, Pasquesi, Bunce,
Marco W. Hellman, Cohen and Ms. Lee are United States Citizens.
</TABLE>
<PAGE>
Schedule 4
----------
H&F Redwood Investors, Inc. ("Investors, Inc.")
- -----------------------------------------------
Directors and Executive Officers
- --------------------------------
<TABLE>
<CAPTION>
Present Principal
Name and Address(1) Title Principal Occupation Business and Address
- ------------------- ----- -------------------- --------------------
<S> <C> <C> <C>
F. Warren Hellman Director and Partner, Investment
One Maritime Plaza President Hellman & Friedman One Maritime Plaza
12th Floor Investors, Inc. 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Tully M. Friedman Director, Partner, Investment
One Maritime Plaza Vice President and Hellman & Friedman One Maritime Plaza
12th Floor Treasurer 12th Floor
San Francisco, CA 94111 Investors, Inc. San Francisco, CA 94111
Matthew R. Barger Vice President Partner, Investment
One Maritime Plaza Investors, Inc. Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
John M. Pasquesi Vice President and Partner, Investment
One Maritime Plaza Secretary Hellman & Friedman One Maritime Plaza
12th Floor Investors, Inc. 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
John L. Bunce, Jr. Vice President Partner, Investment
One Maritime Plaza Investors, Inc. Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Marco W. Hellman Vice President Partner, Investment
One Maritime Plaza Investors, Inc. Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Mitchell R. Cohen Vice President Partner, Investment
One Maritime Plaza Investors, Inc. Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Georgia Lee Vice President Partner, Investment
One Maritime Plaza Investors, Inc. Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
- ---------------
<FN>
(1) Each of Messrs. F. Warren Hellman, Friedman, Barger, Pasquesi, Bunce,
Marco W. Hellman, Cohen and Ms. Lee are United States Citizens.
</TABLE>
<PAGE>
EXHIBITS
--------
Description of Exhibit Sequentially Numbered Page
- ---------------------- --------------------------
Exchange Agreement
<PAGE>
EXHIBIT 7(6)
STOCK PURCHASE AGREEMENT
THIS STOCK PURCHASE AGREEMENT (this "Agreement") is made and entered
into as of the 25th day of August, 1995, by and among Great American
Management and Investment, Inc., a Delaware corporation ("GAMI"), and Hellman
& Friedman Capital Partners, a California Limited Partnership ("H&F"),
Hellman & Friedman Capital Partners International (BVI), a British Virgin
Islands general partnership ("H&F Int'l") and H&F Redwood Partners, L.P., a
California limited partnership ("H&F Redwood") (H&F, H&F Int'l and H&F
Redwood individually are referred to herein as a "Purchaser" and collectively
as "Purchasers").
W I T N E S S E T H
WHEREAS, GAMI owns the Vigoro Shares (as defined herein) and Purchasers
severally own the GAMI Shares (as defined herein) in the amounts indicated on
SCHEDULE A; and
WHEREAS, Purchasers wish to acquire from GAMI the Vigoro Shares (as
defined herein), and GAMI wishes to acquire from each Purchaser its GAMI
Shares (as defined herein) upon the terms and conditions hereinafter set
forth, in each case in the amounts indicated on SCHEDULE A;
WHEREAS, Purchasers are entering this Agreement in part because Vigoro
has agreed to grant to the Purchasers certain rights regarding the
registration of the Vigoro Shares (as defined herein) under the Securities
Act of 1933;
NOW, THEREFORE, in consideration of the foregoing and the
mutual covenants, agreements and warranties herein contained, the parties
agree as follows:
ARTICLE I
DEFINITIONS
1.1 DEFINITIONS. The following terms shall have the meanings set forth
herein for the purposes of the transactions set forth in this Agreement:
"Amerace" shall mean Amerace Corporation, a Delaware corporation.
"Base Price" shall mean $240,000,000, PROVIDED, HOWEVER, that (i) the
Base Price shall be adjusted in the event that the sale of Amerace involves
the transfer or retention of assets and/or liabilities (including the payment
of a dividend) other than those set forth in the Consolidating Balance Sheet,
dated February 28, 1995, attached hereto as EXHIBIT 1; (ii) the amount of
such adjustment shall be the book value of any assets added and liabilities
excluded less the book value of any assets excluded and liabilities added;
and (iii) any change in working capital resulting from the operation of
Amerace in the ordinary course of business shall result in no adjustment of
the Base Price.
"Closing" shall mean the consummation of the transactions contemplated
herein in accordance with ARTICLE VI hereof.
<PAGE>
"Closing Date" is defined in SECTION 6.1.
"Excess Sum" shall mean the amount by which the Sale Price exceeds the
Base Price.
"GAMI" is defined in the Preamble.
"GAMI Shares" shall mean 2,000,000 shares of the common stock of GAMI,
$0.01 par value per share, held of record by Purchasers, in the amounts, as
to each Purchaser, set forth hereto on SCHEDULE A.
"Purchaser" and "Purchasers" are defined in the Preamble.
"Sale Price" shall mean the amount received by GAMI upon a sale of all
the stock of Amerace, net of all Taxes payable by GAMI with respect to such
amount. The tax basis of the stock of Amerace held by GAMI is approximately
$260,000,000.
"Taxes" shall mean all taxes, charges, fees, duties, levies or other
assessments, including (without limitation) income, gross receipts, net
proceeds, ad valorem, turnover, real and personal property (tangible and
intangible), sales, use, franchise, excise, value-added, stamp, leasing,
lease, user, transfer, fuel, excess profits, occupational, interest
equalization, windfall profits, severance and employees' income withholding,
unemployment and Social Security taxes, which are imposed by the United
States, or any state, local or foreign government or subdivision or agency
thereof, and such term shall include any interest, penalties or additions to
tax attributable to such Taxes.
"Vigoro" shall mean The Vigoro Corporation, a Delaware corporation.
"Vigoro Shares" shall mean 1,760,000 shares of the common stock of
Vigoro, $0.01 par value per share, held of record by GAMI.
ARTICLE II
PURCHASE AND SALE
2.1 PURCHASE AND SALE OF SHARES.
(a) Subject to the terms and conditions set forth in this
Agreement, on the Closing Date GAMI shall sell, assign, transfer,
convey and deliver to each Purchaser, and each Purchaser shall accept,
acquire and take assignment and delivery of, the number of Vigoro
Shares set forth opposite such Purchaser's name on SCHEDULE A.
(b) In consideration for such sale, assignment, transfer,
conveyance and delivery to Purchasers by GAMI of the Vigoro Shares, on
the Closing Date each Purchaser shall sell, assign, transfer, convey
and deliver to GAMI, and GAMI shall accept, acquire and take
assignment and delivery of, that number of GAMI Shares set forth
opposite such Purchaser's name on SCHEDULE A.
2
<PAGE>
2.2 ADJUSTMENT. In the event GAMI sells Amerace within nine (9) months
of the date of this Agreement, GAMI agrees to pay to Purchasers, pro rata in
accordance with their respective holdings of GAMI Shares subject to this
Agreement, an amount equal to 17.866% of the Excess Sum, payable in cash.
ARTICLE III
REPRESENTATIONS AND WARRANTIES
OF GAMI
GAMI represents and warrants to Purchasers that:
3.1 OWNERSHIP OF VIGORO SHARES. Each of the Vigoro Shares to be
delivered on the Closing Date is owned by GAMI free and clear of any adverse
claim, and none of the Vigoro Shares is subject to any restriction on
transfer, other than those restrictions set forth on the certificates
evidencing the Vigoro Shares or otherwise imposed by the federal and state
securities laws.
3.2 DUE ORGANIZATION. GAMI is a corporation validly existing and in
good standing under the laws of the State of Delaware with all requisite
corporate power and authority to own, lease and operate its properties and to
carry on its business as now being conducted.
3.3 DUE AUTHORIZATION. GAMI has full power and authority to enter
into this Agreement and to perform the transactions contemplated hereby, and
this Agreement has been duly and validly executed and delivered by GAMI, and
constitutes the legal, valid and binding obligation of GAMI, enforceable in
accordance with its terms, except as such enforceability may be limited by
applicable bankruptcy, insolvency, moratorium, reorganization or similar laws
from time to time in effect which affect creditors' rights generally, and by
legal and equitable limitations on the availability of specific remedies.
3.4 NO OTHER AGREEMENT. GAMI has no contract, agreement, arrangement
or understanding with respect to the sale or other disposition of the Vigoro
Shares except as set forth in this Agreement.
3
<PAGE>
3.5. CONSENTS. No notice to, filing with, authorization of, exemption
by, or consent of any person, entity, or public or governmental authority is
required in order for GAMI to consummate the transactions contemplated hereby.
ARTICLE IV
REPRESENTATIONS AND WARRANTIES
OF PURCHASERS
Each Purchaser, as to itself, represents and warrants to GAMI that:
4.1 OWNERSHIP OF GAMI SHARES. Each of the GAMI Shares to be delivered
on the Closing Date is owned by each Purchaser as set forth on SCHEDULE A
free and clear of any adverse claim, and none of the GAMI Shares is subject
to any restriction on transfer, other than those restrictions set forth on
the certificates evidencing the GAMI Shares or otherwise imposed by the
federal and state securities laws.
4.2 DUE ORGANIZATION. H&F is a limited partnership validly existing
and in good standing under the laws of the State of California with all
requisite power and authority to own, lease and operate its properties and to
carry on its business as now being conducted; H&F Int'l is a general
partnership validly existing and in good standing under the laws of the
British Virgin Islands with all requisite power and authority to own, lease
and operate its properties and to carry on its business as now being
conducted; H&F Redwood is a limited partnership validly existing and in good
standing under the laws of the State of California with all requisite power
and authority to own, lease and operate its properties and to carry on its
business as now being conducted.
4.3 DUE AUTHORIZATION. Each Purchaser has full power and authority to
enter into this Agreement and to perform the transactions contemplated
hereby, and this Agreement has been duly and validly executed and delivered
by such Purchaser, and constitutes the legal, valid and binding obligation of
such Purchaser, enforceable in accordance with its terms, except as such
enforceability may be limited by applicable bankruptcy, insolvency,
moratorium, reorganization or similar laws from time to time in effect which
affect creditors' rights generally, and by legal and equitable limitations on
the availability of specific remedies.
4.4 NO OTHER AGREEMENT. No Purchaser has any contract, agreement,
arrangement or understanding with respect to the sale or other disposition of
the GAMI Shares except as set forth in this Agreement.
4.5 CONSENTS. No notice to, filing with, authorization of, exemption
by, or consent of any person, entity, or public or governmental authority is
required in order for each Purchaser to consummate the transactions
contemplated hereby.
4
<PAGE>
4.6 DISTRIBUTION INTENTION. Each Purchaser is acquiring the Vigoro
Shares for its own account and with no intention of distributing or
re-selling the Vigoro Shares (or any part thereof) in any transaction that
would violate the securities laws of the United States of America or any
state, without prejudice, however, to such Purchaser's right at all times to
sell or otherwise dispose of all (or any part) of the Vigoro Shares pursuant
to a registration statement under the Securities Act of 1933, as amended, or
under applicable state laws, or under any exemption from applicable
registration requirements.
4.7 SOPHISTICATION; ABILITY TO BEAR LOSS; ACCESS TO INFORMATION. Each
Purchaser acknowledges that (i) it has such knowledge, sophistication and
experience in financial and business matters such that it is capable of
evaluating the risks and merits of its investment in the Vigoro Shares and
(ii) it is able to bear the economic risk of such investment and is able to
afford the complete loss of its investment. Each Purchaser has had the
opportunity to ask questions of and receive answers from Vigoro concerning
Vigoro's business, operations and financial condition and has received from
Vigoro all such information as has been requested in order to evaluate the
risks and merits of the prospective investment contemplated herein.
ARTICLE V
CONDITIONS PRECEDENT TO CLOSING
5.1 CONDITIONS PRECEDENT TO OBLIGATIONS OF PURCHASERS. The obligation
of Purchasers to sell the GAMI Shares and to purchase the Vigoro Shares on
the Closing Date is subject to the satisfaction of the following conditions:
(a) REPRESENTATIONS AND WARRANTIES. The representations and
warranties set forth in this Agreement made by GAMI shall be true and
accurate, in all material respects, as of the Closing Date as if made on
the Closing Date.
(b) CERTIFICATES. GAMI shall have furnished Purchasers with
resolutions of its board of directors authorizing the transactions
contemplated by this Agreement.
5.2 CONDITIONS PRECEDENT TO OBLIGATIONS OF GAMI. The obligation of
GAMI to sell the Vigoro Shares and to purchase the GAMI Shares on the Closing
Date is subject to the satisfaction of the following conditions:
(a) REPRESENTATIONS AND WARRANTIES. The representations and
warranties set forth in this Agreement made by each Purchaser shall be
true and accurate, in all material respects, as of the Closing Date as
if made on the Closing Date.
(b) CERTIFICATES. Each Purchaser shall have furnished GAMI with
resolutions authorizing the transactions contemplated by this Agreement.
5
<PAGE>
ARTICLE VI
CLOSING
6.1 CLOSING. The Closing shall take place at the offices of GAMI, 2
North Riverside Plaza, 11th Floor, Chicago, Illinois 60606, at 10:00 a.m. on
August 25, 1995, or on such later date to which the parties agree.
6.2 CLOSING DELIVERIES. At the Closing, GAMI shall deliver to each
Purchaser the number of Vigoro Shares set forth on SCHEDULE A. At the
Closing, each Purchaser shall deliver to GAMI the number of GAMI Shares set
forth on SCHEDULE A.
ARTICLE VII
MISCELLANEOUS
7.1 EXPENSES. Each party hereto shall bear its own expenses with
respect to the transactions contemplated by this Agreement.
7.2 AMENDMENT. This Agreement may be amended, modified or
supplemented, but only in writing signed by all of the parties hereto.
7.3 LEGEND. The certificates evidencing the Vigoro Shares will bear
the following legend:
"The securities represented by this certificate have not been registered
under the Securities Act of 1933, as amended, or the securities laws of any
state and thus may not be transferred unless so registered or unless an
exemption from registration is available."
7.4 COUNTERPARTS. This Agreement may be executed simultaneously in
counterparts, each of which shall be deemed to be an original, but all of
which together shall constitute one and the same instrument.
7.5 HEADINGS. Section and Article headings in this Agreement are for
convenience of reference only, and shall not govern the interpretation of the
provisions of this Agreement.
7.6 SEVERABILITY. If any provision of this Agreement shall be held
invalid, illegal or unenforceable, the validity, legality or enforceability
of the other provisions hereof shall not be affected thereby, and there shall
be deemed substituted for the provision at issue a valid and enforceable
provision as similar as possible to the provision at issue.
7.7 ENTIRE UNDERSTANDING. This Agreement sets forth the entire
agreement and understanding of the parties hereto with respect to the
transactions contemplated hereby and supersedes all prior arrangements,
agreements and understandings relating to the subject matter hereof. There
have been no representations or statements, oral or written, that have been
relied on by any party hereto, except those expressly set forth in this
Agreement.
6
<PAGE>
7.8 APPLICABLE LAW. This Agreement shall be governed by, and
construed and enforced in accordance with, the internal laws of the State of
Illinois, without regard to conflicts of law principles.
7.9 ASSIGNMENT. This Agreement and all the provisions hereof shall be
binding upon and inure to the benefit of the parties hereto and their
respective successors and permitted assigns, but neither this Agreement nor
any of the rights, interests or obligations hereunder may be assigned, by
operation of law or otherwise, by any party hereto without the prior written
consent of the other parties.
7.10 TERMINATION OF CERTAIN AGREEMENTS.
(a) The parties agree that the Management Rights Agreement dated
May 29, 1991 by and among GAMI, H&F and H&F Int'l (the "Vigoro Management
Rights Agreement") is hereby terminated and shall be of no further force
and effect; PROVIDED, HOWEVER, that the indemnification obligations of
GAMI pursuant to Section 2.5 of the Vigoro Management Rights Agreement
shall continue in full force and effect, but only as such obligations
relate to indemnification of Purchasers' principals elected as directors
of Vigoro for actions taken by such principal as a director of Vigoro.
(b) The parties agree that any and all rights conferred by the
Stock Purchase Agreement dated July 17, 1990 by and among GAMI, H&F,
H&F Int'l and Equity Holdings Limited, an Illinois limited partnership
(the "GAMI Stock Purchase Agreement") (including, but not limited to,
rights granted pursuant to Sections 9.3, 9.5, 9.6 and Article 10
thereof), as well as any such rights granted to H&F Redwood pursuant to
the Transfer and Consent Agreement dated December 31, 1991, are hereby
terminated and shall be of no further force and effect; PROVIDED,
HOWEVER, that the indemnification obligations of GAMI pursuant to
Section 9.3.5 of the GAMI Stock Purchase Agreement shall continue in
full force and effect, but only as such obligations relate to
indemnification of Purchasers' principals elected as directors of GAMI
for actions taken by such principal as a director of GAMI; PROVIDED,
FURTHER, that the indemnity obligations of GAMI pursuant to Sections
12.1 through 12.4 of the GAMI Stock Purchase Agreement shall also
continue in full force and effect, but only as such obligations relate
to indemnification for actions occuring before the date of this
Agreement.
7
<PAGE>
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed and delivered on the date first above written.
GREAT AMERICAN MANAGEMENT AND
INVESTMENT, INC.
By:/s/ Gus Athas
--------------------
Gus Athas
Senior Vice-President and General Counsel
HELLMAN & FRIEDMAN CAPTIAL PARTNERS, A CALIFORNIA
LIMITED PARTNERSHIP,
By its General Partner: Hellman & Friedman Capital
Management, A California Limited Partnership,
By its General Partner: Hellman & Friedman Capital
Management, Inc.
By:/s/ John Pasquesi
-------------------
John Pasquesi
Vice-President
HELLMAN & FRIEDMAN CAPTIAL PARTNERS
INTERNATIONAL (BVI)
By its General Partner: Hellman & Friedman Capital
Management International, A California Limited Partnership,
By its General Partner: H&F Capital Management
International, Inc.
By:/s/ John Pasquesi
-------------------
John Pasquesi
Vice-President
H&F REDWOOD PARTNERS, L.P.
By its General Partner: H&F Redwood Investors, L.P.,
By its General Partner: H&F Redwood Investors, Inc.
By:/s/ John Pasquesi
-------------------
John Pasquesi
Vice-President
8
<PAGE>
SCHEDULE A
<TABLE>
<CAPTION>
Purchaser Number of GAMI Cert. Nos. Number of
- --------- --------- --------------- ---------
GAMI Shares Vigoro Shares
- ------------------------------------------------------------------------
Held To Be Purchased
---- ---------------
<S> <C> <C> <C>
C4255
H&F 1,829,189 C4263 1,609,686
H&F Int'l 105,115 C453162 92,501
H&F Redwood 65,696 C453212 57,813
</TABLE>
<PAGE>
AMERACE CORPORATION
CONSOLIDATED BALANCE SHEET
FEBRUARY 28, 1995
(IN THOUSANDS)
<TABLE>
<CAPTION>
Amerace Amerace
Klastinwold Hendrix AEC M-R-S Canada Corporate Consolidated
----------- ------- ------- ------- ------- --------- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
Assets
- ------
Cash $ (1,045) $ 177 $ 2,069 $ 327 $ 208 $ 103 $ 1,839
Trade Receivables, net (a) 12,218 7,114 3,108 3,460 470 0 26,370
Inventories, net 9,475 8,267 3,697 5,474 373 0 27,286
Prepaid (Deferred) Income Taxes 1,504 404 234 714 (12) 934 3,778
Other Current Assets 826 561 379 (31) 314 0 2,049
----------- ------- ------- ------- ------- --------- ------------
Total Current Assets $ 22,978 $16,523 $ 9,487 $ 9,944 $ 1,353 $ 1,037 $ 61,322
----------- ------- ------- ------- ------- --------- ------------
PPE, net 24,228 12,734 5,759 5,581 842 0 49,144
Goodwill 90,964 21,444 29,542 20,019 (1,235) 0 160,734
Investment in Subsidiaries 16,809 0 0 0 0 0 16,809
Other Long-Term Assets 855 1,017 29 445 467 173 2,986
----------- ------- ------- ------- ------- --------- ------------
Total Assets $155,834 $51,718 $44,817 $35,989 $ 1,427 $ 1,210 $290,995
----------- ------- ------- ------- ------- --------- ------------
----------- ------- ------- ------- ------- --------- ------------
Liabilities & Equity
- --------------------
Trade Payables 4,541 7,085 1,442 1,171 91 0 14,330
Other Accrued Expenses 2,664 392 1,085 688 136 512 5,477
----------- ------- ------- ------- ------- --------- ------------
Total Current Liabilities $ 7,205 $ 7,477 $ 2,527 $ 1,859 $ 227 $ 512 $ 19,807
----------- ------- ------- ------- ------- --------- ------------
Accrued Retiree Medical 2,782 140 1,651 917 0 13,951(b) 19,441
Pension Liability 0 0 131 141 0 5,103(b) 5,375
Deferred Income Taxes 7,576 1,580 713 (423) (191) (15,366) (6,111)
Other Long-Term Liabilities 0 1,776 0 25 0 22,855(c) 24,656
----------- ------- ------- ------- ------- --------- ------------
Total Liabilities $ 17,563 $10,973 $ 5,022 $ 2,519 $ 36 $ 27,055 $ 63,168
Equity 138,271 40,745 39,795 33,470 1,391 (25,845) 227,827
Total Liabilities & Equity $155,834 $51,718 $44,817 $35,989 $ 1,427 $ 1,210 $290,995
----------- ------- ------- ------- ------- --------- ------------
----------- ------- ------- ------- ------- --------- ------------
- --------------------------
<FN>
(a) Excludes the effects of Eagle's Accounts Receivable Securitization Program.
(b) Represents accrued liabilities for obligation to retirees of discontinued
operations.
(c) Represents accrued reserves of (i) $16.4 million for the costs associated
with participating in the clean-up of several environmental sites relating
to both existing and discontinued operations, (ii) $3.8 million for accrued
liabilities related to Eagle's self-insurance program, and
(iii) $4.3 million for other miscellaneous liabilities.
</TABLE>
<PAGE>
EXHIBIT 7(7)
WAIVER AND TERMINATION OF CERTAIN AGREEMENTS
This WAIVER AND TERMINATION OF CERTAIN AGREEMENTS (this "Waiver") is made
and entered into as of the 25th day of August, 1995, by and among the Samuel
Zell Revocable Trust dated January 17, 1990, a trust organized under the laws
of Illinois (the "Zell Trust"), the Robert H. and Ann Lurie Trust, a trust
organized under the laws of Illinois (the "Lurie Trust"), Equity Holdings
Limited, an Illinois limited partnership ("Equity"), Hellman & Friedman
Capital Partners, a California Limited Partnership ("H&F"), H&F Redwood
Partners, L.P., a California limited partnership ("H&F Redwood") and Hellman
& Friedman Capital Partners International (BVI), a British Virgin Islands
general partnership ("H&F Int'l").
WHEREAS, Equity, H&F, and H&F Int'l are parties to a Stock Purchase
Agreement dated July 17, 1990 (the "GAMI Stock Purchase Agreement") wherein
Equity, on the one hand, and H&F and H&F Int'l, on the other hand, granted to
each other certain rights;
WHEREAS, H&F Redwood was made a party to the GAMI Stock Purchase
Agreement by operation of the Transfer and Consent Agreement dated December
31, 1991 by and among Equity, H&F Int'l, H&F Redwood and Great American
Management and Investment, Inc. ("GAMI") (the "Transfer and Consent
Agreement");
WHEREAS, none of the parties hereto have conveyed, assigned, or
transferred any such rights and the parties desire to waive, cancel and
terminate any and all such rights granted to each other under the Stock
Purchase Agreement;
WHEREAS, the Zell Trust, the Lurie Trust, Equity, H&F and H&F Int'l are
parties to an Agreement dated August 30, 1990 (the "Partnership Rights
Agreement") wherein the Zell Trust, the Lurie Trust and Equity granted H&F
and H&F Int'l certain rights; and
WHEREAS, none of the parties hereto have conveyed, assigned, or
transferred any such rights and the parties desire to waive, cancel and
terminate any and all such rights granted under the Partnership Rights
Agreement;
NOW, THEREFORE, in consideration of the foregoing and the promises
herein contained, the parties agree to waive, cancel and terminate in their
entirety: (i) any and all rights conferred by the GAMI Stock Purchase
Agreement (including, but not limited to, rights granted pursuant to Sections
9.3, 9.5, 9.6 and Article 10 thereof), as well as any such rights granted to
H&F Redwood pursuant to the Transfer and Consent Agreement; PROVIDED,
HOWEVER, that the indemnification obligations of Equity pursuant to Section
9.3.5 and Article 12 of the GAMI Stock Purchase Agreement shall continue in
full force and effect to the extent contemplated therein for actions occuring
before the date of this Waiver; and (ii) the Partnership Rights Agreement,
including, but not limited to, any and all tagalong and rights of first offer
granted under the Partnership Rights Agreement from this date onward.
Notwithstanding the foregoing, if H&F, H&F Redwood and H&F Int'l are unable
to consummate a transaction with Great American Management and Investment,
Inc., a Delaware corporation ("GAMI"), in which H&F, H&F Redwood and H&F
Int'l convey all of their common stock of GAMI to GAMI, then this Waiver will
have no force and effect.
<PAGE>
IN WITNESS WHEREOF, the parties hereto have caused this Waiver to be
executed and delivered on the date first above written.
Equity Holdings Limited, an Hellman & Friedman Capital Partners, a
Illinois limited partnership, California Limited Partnership
By its General Partner: the By its General Partner: Hellman &
Samuel Zell Revocable Trust Friedman Capital Management,
a California Limited Partnership
By its General Partner: Hellman &
Friedman Capital Management, Inc.
By /s/Sheli Z Rosenberg By /s/John Pasquesi
-------------------------------- --------------------------------
Sheli Z. Rosenberg, Trustee John Pasquesi, Vice-President
Samuel Zell Revocable Hellman & Friedman Capital Partners
Trust dated January 17, 1990 International (BVI)
By its General Partner: Hellman &
Friedman Capital Management
By: /s/Samuel Zell International, A California Limited
------------------------------- Partnership,
Samuel Zell, Trustee By its General Partner: H&F Capital
Management International, Inc.
By: /s/ John Pasquesi
-------------------------------
John Pasquesi, Vice-President
Robert H. and Ann Lurie Trust H&F Redwood Partners, L.P.
By its General Partner: H&F Redwood
Investors, L.P.,
By its General Partner: H&F Redwood
Investors, Inc.
By: /s/Sheli Z. Rosenberg
-------------------------------
Sheli Z. Rosenberg, Co-Trustee
By: /s/ John Pasquesi
-------------------------------
John Pasquesi, Vice-President
