<PAGE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------------------
SCHEDULE 14D-1
TENDER OFFER STATEMENT
(PURSUANT TO SECTION 14(D)(1) OF THE SECURITIES EXCHANGE ACT OF 1934)
(AMENDMENT NO. 2)
(FINAL AMENDMENT)
CHILDREN'S DISCOVERY CENTERS OF AMERICA, INC.
(Name of Subject Company)
KNOWLEDGE UNIVERSE, L.L.C.
KNOWLEDGE BEGINNINGS, INC.
KBI ACQUISITION CORP.
(Bidders)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
168757201
(CUSIP Number of Class of Securities)
------------------------------
RONALD J. PACKARD
TREASURER AND SECRETARY
KNOWLEDGE BEGINNINGS, INC.
844 MORAGA DRIVE
LOS ANGELES, CALIFORNIA 90049-1639
(310) 440-3657
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Bidders)
------------------------------
COPIES TO:
<TABLE>
<S> <C>
MARK D. GERSTEIN, ESQ. JOHN J. HUBER, ESQ.
LATHAM & WATKINS LATHAM & WATKINS
SEARS TOWER, SUITE 5800 1001 PENNSYLVANIA AVENUE, N.W., SUITE 1300
CHICAGO, ILLINOIS 60606-6401 WASHINGTON, D.C. 20004-2505
(312) 876-7700 (202) 637-2200
</TABLE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 14D-1
CUSIP NO. 168757201 Page 2 of 6 Pages
- --------------------------------------------------------------------------------
(1) Name of Reporting Persons: Knowledge Beginnings, Inc.
I.R.S. Identification No. of above person (Entities Only): 95-4672767
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a group (See instructions):
(a) / /
(b) / /
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of funds (See instructions):
WC
- --------------------------------------------------------------------------------
(5) Check box if disclosure of legal proceedings is required pursuant to Items
2(e) or 2(f):
/X/
- --------------------------------------------------------------------------------
(6) Citizenship or place of organization:
Delaware
- --------------------------------------------------------------------------------
(7) Aggregate amount beneficially owned by each reporting person:
6,728,946
- --------------------------------------------------------------------------------
(8) Check box if the aggregate amount in row (7) excludes certain shares (See
instructions):
/ /
- --------------------------------------------------------------------------------
(9) Percent of class represented by amount in row (7):
96.8%
- --------------------------------------------------------------------------------
(10) Type of reporting person (See instructions):
CO
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 14D-1
CUSIP NO. 168757201 Page 3 of 6 Pages
- --------------------------------------------------------------------------------
(1) Name of Reporting Persons: KBI Acquisition Corp.
I.R.S. Identification No. of above person (Entities Only): 95-4679455
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a group (See instructions):
(a) / /
(b) / /
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of funds (See instructions):
AF
- --------------------------------------------------------------------------------
(5) Check box if disclosure of legal proceedings is required pursuant to Items
2(e) or 2(f):
/X/
- --------------------------------------------------------------------------------
(6) Citizenship or place of organization:
Delaware
- --------------------------------------------------------------------------------
(7) Aggregate amount beneficially owned by each reporting person:
6,728,946
- --------------------------------------------------------------------------------
(8) Check box if the aggregate amount in row (7) excludes certain shares (See
instructions):
/ /
- --------------------------------------------------------------------------------
(9) Percent of class represented by amount in row (7):
96.8%
- --------------------------------------------------------------------------------
(10) Type of reporting person (See instructions):
CO
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 14D-1
CUSIP NO. 168757201 Page 4 of 6 Pages
- --------------------------------------------------------------------------------
(1) Name of Reporting Persons: Knowledge Universe, L.L.C.*
I.R.S. Identification No. of above person (Entities Only): 95-4559409
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a group (See instructions):
(a) / /
(b) / /
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of funds (See instructions):
**
- --------------------------------------------------------------------------------
(5) Check box if disclosure of legal proceedings is required pursuant to Items
2(e) or 2(f):
/X/
- --------------------------------------------------------------------------------
(6) Citizenship or place of organization:
Delaware
- --------------------------------------------------------------------------------
(7) Aggregate amount beneficially owned by each reporting person:
6,728,946
- --------------------------------------------------------------------------------
(8) Check box if the aggregate amount in row (7) excludes certain shares (See
instructions):
/ /
- --------------------------------------------------------------------------------
(9) Percent of class represented by amount in row (7):
96.8%
- --------------------------------------------------------------------------------
(10) Type of reporting person (See instructions):
OO
- --------------------------------------------------------------------------------
- ------------------------
* Knowledge Universe, L.L.C. does not admit that it is a "bidder" for purposes
of the Offer within the meaning of Rule 14d-1(e)(1) under the Exchange Act.
** As disclosed in the Offer to Purchase, Parent has on-hand all funds
necessary to consummate the Offer and the Merger and Knowledge Universe,
L.L.C. is not obligated to fund, nor does it intend to fund, any portion of
the Offer or the Merger.
<PAGE>
TENDER OFFER
KBI Acquisition Corp., a Delaware corporation ("Purchaser") and a wholly
owned subsidiary of Knowledge Beginnings, Inc., a Delaware corporation
("Parent"), Parent and Knowledge Universe, L.L.C., a Delaware limited liability
company,* hereby amend and supplement their Tender Offer Statement on Schedule
14D-1 (as previously amended, the "Schedule 14D-1") originally filed with the
Securities and Exchange Commission on April 3, 1998 with respect to the offer to
purchase any and all outstanding shares of common stock, par value $.01 per
share (the "Shares"), of Children's Discovery Centers of America, Inc., a
Delaware corporation (the "Company"), for a purchase price of $12.25 per Share,
net to the seller in cash, without interest thereon, upon the terms and subject
to the conditions set forth in the Offer to Purchase dated April 3, 1998 (the
"Offer to Purchase") and in the related Letter of Transmittal (the "Letter of
Transmittal" and together with the Offer to Purchase, as amended and
supplemented from time to time, the "Offer"). Capitalized terms not otherwise
defined herein shall have the meaning ascribed to them in the Schedule 14D-1.
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
ITEM 10. ADDITIONAL INFORMATION.
Items 6 and 10(f) of the Schedule 14D-1 are hereby amended and supplemented
to add the following information:
The Offer expired at 12:00 Midnight, New York City time, on Friday, May 1,
1998. On May 4, 1998, Purchaser accepted for payment all Shares validly tendered
and not validly withdrawn in the Offer. At the completion of the Offer, a total
of 6,728,946 Shares were tendered and purchased pursuant to the Offer,
representing approximately 96.8% of the outstanding Shares. A copy of the press
release issued by Parent and Purchaser on May 4, 1998 is attached hereto as
Exhibit (a)(9) and incorporated herein by reference.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
Item 11 of the Schedule 14D-1 is hereby amended and supplemented to add the
following exhibit:
(a)(9) Text of Press Release issued by Parent and Purchaser dated May 4,
1998.
- ------------------------
* Knowledge Universe, L.L.C. does not admit that it is a "bidder" for purposes
of the Offer within the meaning of Rule 14d-1(e)(1) under the Exchange Act.
<PAGE>
SIGNATURE
After due 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.
<TABLE>
<S> <C> <C>
Dated: May 7, 1998 KBI ACQUISITION CORP.
By: /s/ RONALD J. PACKARD
--------------------------------------
Name: Ronald J. Packard
Title: Treasurer and Secretary
KNOWLEDGE BEGINNINGS, INC.
By: /s/ RONALD J. PACKARD
--------------------------------------
Name: Ronald J. Packard
Title: Treasurer and Secretary
KNOWLEDGE UNIVERSE, L.L.C.
By: /s/ STEVEN B. FINK
--------------------------------------
Name: Steven B. Fink
Title: Vice Chairman
</TABLE>
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
- --------- --------------------------------------------------------------------------------------------------------
<C> <S>
(a)(9) Text of Press Release issued by Parent and Purchaser dated May 4, 1998.
</TABLE>
<PAGE>
Contact: Susan Carlson/Zoe Arden
Access Communications
(415) 904-7070, ext. 231, 287
[email protected]
[email protected]
KNOWLEDGE BEGINNINGS COMPLETES OFFER FOR CHILDREN'S DISCOVERY CENTERS
BURLINGAME, Calif., May 4, 1998 -- Knowledge Beginnings, Inc. announced today
that its wholly owned subisidiary, KBI Acquisition Corp., has accepted for
payment all shares of common stock of Chidren's Discovery Centers of Amercia,
Inc. (Nasdaq: CDCR) tenderd pursuant to the tender offer for Children's
Discovery Centers which expired at 12:00 Midnight, New York City time, on
Friday, May 1, 1998. A total of 6,729,311 shares were tendered in the offer
(including 103,828 shares subject to guarantees of delivery) representing
approximately 97% of the outstanding shares of common stock of Chidren's
Discovery Centers.
Founded in 1983 and headquartered in San Rafael, California, Children's
Discovery Centers operates preschools and elementary schools in 22 states and
the District of Columbia, serving approximately 25,000 children ranging from
infants through eighth grade students. Children's Discovery Centers also
provides employer-sponsored programs through affiliations with over 50
governmental agencies, hospitals and private corporations such as Amoco and GE
Capital Services Corporation.
Knowledge Beginnings, Inc. is a subsidiary of Knowledge Universe, L.L.C.
Knowledge Universe is an education company that offers a full array of products
and services designed to meet the educational and knowledge management needs of
organizations and individuals. Founded in 1996, the privately-held company is
headquartered in Burlingame, California.
# # #
