SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Schedule 14D-1
Tender Offer Statement Pursuant to Section 14(d)(1)
of the Securities Exchange Act of 1934
(Amendment No. 2)
(Final Amendment)
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KRUPP CASH PLUS-II LIMITED PARTNERSHIP
(Name of Subject Company)
KRESCENT PARTNERS L.L.C.
AP-GP PROM PARTNERS INC.
AMERICAN HOLDINGS I, L.P.
AMERICAN HOLDINGS I-GP, INC.
AMERICAN PROPERTY INVESTORS, INC.
(Bidders)
DEPOSITARY RECEIPTS
(Title of Class of Securities)
501113 10 4
(CUSIP Number of Class of Securities)
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W. Edward Scheetz
Krescent Partners L.L.C.
1301 Avenue of the Americas, 38th Floor
New York, NY 10019
Copies to:
Peter M. Fass Bonnie D. Podolsky
Steven L. Lichtenfeld Gordon Altman Butowsky
Battle Fowler LLP Weitzen Shalov & Wein
75 East 55th Street 114 West 47th Street
New York, NY 10022 New York, NY 10036
(212) 856-7000 (212) 626-0800
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and
Communications on Behalf of Bidder)
(Continued on following pages)
(Page 1 of 8 pages)
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Cusip No.: 501113 10 4 14D-1 Page 2 of 8
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
KRESCENT PARTNERS L.L.C.
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) { }
(b) {X}
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3. SEC Use Only
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4. Sources of Funds (See Instructions)
AF; WC
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5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(e) or 2(f)
/ /
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6. Citizenship or Place of Organization
Delaware
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
561,702.5518 Depositary Receipts
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8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares (See Instructions)
/ /
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9. Percent of Class Represented by Amount in Row (7)
7.5%
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10. Type of Reporting Person (See Instructions)
OO
<PAGE>
Cusip No.: 501113 10 4 14D-1 Page 3 of 8
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
AP-GP PROM PARTNERS INC.
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) { }
(b) {X}
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3. SEC Use Only
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4. Sources of Funds (See Instructions)
AF
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5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(e) or 2(f)
/ /
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6. Citizenship or Place of Organization
Delaware
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
561,702.5518 Depositary Receipts
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8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares (See Instructions)
/ /
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9. Percent of Class Represented by Amount in Row (7)
7.5%
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10. Type of Reporting Person (See Instructions)
CO
<PAGE>
Cusip No.: 501113 10 4 14D-1 Page 4 of 8
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
AMERICAN HOLDINGS I, L.P.
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) { }
(b) {X}
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3. SEC Use Only
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4. Sources of Funds (See Instructions)
AF; WC
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5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(e) or 2(f)
/ /
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6. Citizenship or Place of Organization
Delaware
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
403,421.8332 Depositary Receipts
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8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares (See Instructions)
/ /
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9. Percent of Class Represented by Amount in Row (7)
5.4%
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10. Type of Reporting Person (See Instructions)
PN
<PAGE>
Cusip No.: 501113 10 4 14D-1 Page 5 of 8
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
AMERICAN HOLDINGS I-GP, INC.
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) { }
(b) {X}
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3. SEC Use Only
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4. Sources of Funds (See Instructions)
OO
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5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(e) or 2(f)
/ /
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6. Citizenship or Place of Organization
Delaware
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
403,421.8332 Depositary Receipts
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8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares (See Instructions)
/ /
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9. Percent of Class Represented by Amount in Row (7)
5.4%
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10. Type of Reporting Person (See Instructions)
CO
<PAGE>
Cusip No.: 501113 10 4 14D-1 Page 6 of 8
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
AMERICAN PROPERTY INVESTORS, INC.
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) { }
(b) {X}
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3. SEC Use Only
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4. Sources of Funds (See Instructions)
OO
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5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(e) or 2(f)
/ /
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6. Citizenship or Place of Organization
Delaware
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
403,421.8332 Depositary Receipts
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8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares (See Instructions)
/ /
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9. Percent of Class Represented by Amount in Row (7)
5.4%
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10. Type of Reporting Person (See Instructions)
CO
<PAGE>
AMENDMENT NO. 2 (FINAL AMENDMENT) TO SCHEDULE 14D-1
This Amendment No. 2 (Final Amendment) amends the Tender Offer
Statement on Schedule 14D-1 by Krescent Partners L.L.C., a Delaware limited
liability company ("Krescent"), and American Holdings I, L.P., a Delaware
limited partnership ("AHI" and together with Krescent, the "Purchasers"), dated
February 20, 1997 (the "Schedule 14D-1"), as amended by Amendment No. 1 dated
March 21, 1997, relating to the tender offer by the Purchasers to purchase up to
1,536,630 issued and outstanding Depositary Receipts representing Units (the
"Units") of Krupp Cash Plus-II Limited Partnership, a Massachusetts limited
partnership (the "Partnership"), to include the information set forth below.
Capitalized terms used but not otherwise defined herein shall have the meanings
ascribed to them in the Schedule 14D-1 and the Offer to Purchase.
Item 4. Source and Amount of Funds or Other Consideration.
Item 4(a) is hereby supplemented and amended as follows:
The total amount of funds required by Krescent to purchase 223,404.2271
Units accepted for payment pursuant to the Offer, excluding related fees and
expenses, is approximately $1,664,361.50. Krescent obtained such funds from
capital contributions from its members.
The total amount of funds required by AHI to purchase 403,421.8332
Units accepted for payment pursuant to the Offer, excluding related fees and
expenses, is approximately $3,005,492.66. AHI obtained such funds from capital
contributions from its partners.
Item 6. Interest in Securities of the Subject Company.
Item 6(a)-(b) is hereby supplemented and amended as follows:
The Offer expired at 12:00 Midnight, New York City time, on Thursday,
March 27, 1997. Based on preliminary information provided by the Information
Agent/Depositary to Krescent and AHI, pursuant to the Offer, as of 12:00
Midnight, New York City time, on Thursday, March 27, 1997, Krescent and AHI
accepted for payment an aggregate of 626,826.0603 Units. Pursuant to the terms
of the Offer, Krescent purchased 58.2% of the accepted Units after giving effect
to the initial purchase of 242,970 Units by AHI, or 223,404.2271 Units. Together
with the 338,298.3247 Units owned by Krescent prior to commencing the Offer,
Krescent owns 561,702.5518 Units, which constitute approximately 7.5% of the
outstanding Units. Pursuant to the Offer, AHI purchased the first 242,970 Units
accepted and purchased 41.8% of the accepted Units thereafter, or a total of
403,421.8332 Units, which constitute approximately 5.4% of the outstanding
Units.
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SIGNATURES
After due inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: April 1, 1997
KRESCENT PARTNERS L.L.C.
By: AP-GP Prom Partners Inc., its
managing member
By: /s/ Richard Mack
----------------------------
Name: Richard Mack
Title: Vice President
AP-GP PROM PARTNERS INC.
By: /s/ Richard Mack
---------------------------------
Name: Richard Mack
Title: Vice President
AMERICAN HOLDINGS I, L.P.
By: American Holdings I-GP, its
general partner
By: /s/ Henry J. Gerard
----------------------------
Name: Henry J. Gerard
Title: Vice President
AMERICAN HOLDINGS I-GP, INC.
By: /s/ Henry J. Gerard
---------------------------------
Name: Henry J. Gerard
Title: Vice President
AMERICAN PROPERTY INVESTORS, INC.
By: /s/ John P. Saldarelli
---------------------------------
Name: John P. Saldarelli
Title: Vice President
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