<PAGE> 1
<TABLE>
<S> <C>
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OMB APPROVAL
UNITED STATES OMB Number: 3235-0145
SECURITIES AND EXCHANGE COMMISSION Expires: October 31, 1997
WASHINGTON, D.C. 20549 Estimated average burden
hours per response..... 14.90
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SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ________)*
MEDIA LOGIC, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
58441B-10-0
----------------------------------------
(CUSIP Number)
<TABLE> c/o Advent International Corp.
<S> <C> <C>
JANET LOUISE HENNESSY 101 FEDERAL STREET, BOSTON, MA 02110 617-951-9400
- -----------------------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
</TABLE>
March 24, 1997
----------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box | |.
Check the following box if a fee is being paid with this statement |X|. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are
to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
SEC 1746 (12-91)
Copyright (c)1992. NRS Systems, Inc. (Portions of Software Only)
<PAGE> 2
SCHEDULE 13D
CUSIP NO. 58441B-10-0 PAGE 2 OF 11 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ADVENT INTERNATIONAL CORPORATION
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) |X|
(b) | |
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) | |
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
1,025,201
SHARES
------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY NONE
EACH ------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
1,025,201
PERSON
------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,025,201
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES * | |
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON *
CO, IA
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT! 2 of 7
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Copyright (c)1992. NRS Systems, Inc. (Portions of Software Only)
<PAGE> 3
SCHEDULE 13D
CUSIP NO. 58441B-10-0 PAGE 3 OF 11 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ADVENT INTERNATIONAL LIMITED PARTNERSHIP
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) |X|
(b) | |
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) | |
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
785,201
SHARES
------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY NONE
EACH ------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
785,201
PERSON
------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
785,201
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES * | |
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT! 2 of 7
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Copyright (c)1992. NRS Systems, Inc. (Portions of Software Only)
<PAGE> 4
SCHEDULE 13D
CUSIP NO. 58441B-10-0 PAGE 4 OF 11 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DIGITAL MEDIA & COMMUNICATIONS LIMITED PARTNERSHIP
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) |X|
(b) | |
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) | |
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
785,201
SHARES
------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY NONE
EACH ------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
785,201
PERSON
------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
785,201
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES * | |
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT! 2 of 7
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Copyright (c)1992. NRS Systems, Inc. (Portions of Software Only)
<PAGE> 5
SCHEDULE 13D
CUSIP NO. 58441B-10-0 PAGE 5 OF 11 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ACFS LIMITED PARTNERSHIP
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) |X|
(b) | |
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) | |
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
240,000
SHARES
------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY NONE
EACH ------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
240,000
PERSON
------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
240,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES * | |
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT! 2 of 7
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Copyright (c)1992. NRS Systems, Inc. (Portions of Software Only)
<PAGE> 6
CUSIP Number 58441B-10-0 13D Page 6 of 11
Item 1. Security and Issuer.
- ------
This statement on Schedule 13D relates to the Reporting Persons' (as
defined in Item 2 below) beneficial ownership interest in the Common Stock,
$0.01 par value (the "Common Stock") of Media Logic, Inc., a Massachusetts
corporation (the "Corporation"). The CUSIP number associated with such Common
Stock is 58441B-10-0. The address of the principal executive office of the
Corporation is 310 South Street, P.O. Box 2258, Plainville, MA 02762.
Item 2. Identity and Background
- ------
(a) (b) (c) and (f) This statement is being filed by the following
entities:
(1) Advent International Corporation, a Delaware corporation;
(2) Advent International Limited Partnership, a Delaware limited
partnership;
(3) Digital Media & Communications Limited Partnership, a Delaware limited
partnership;
(4) ACFS Limited Partnership, a Delaware limited partnership;
The persons serving as directors and executive officers of Advent
International Corporation are set forth on Schedule A hereto.
The entities listed in subparagraph (1) through (4) above are herein
collectively referred to as the "Reporting Persons" and individually as a
"Reporting Person." Advent International Corporation ("Advent") is an investment
advisory firm. ACFS Limited Partnership ("ACFS") and Advent International
Limited Partnership ("AILP") are venture capital investment funds the general
partner of which is Advent. AILP is the general Partner of Digital Media &
Communications Limited Partnership("Digital") a venture capital investment fund.
Except as otherwise stated on Schedule A hereto, the principal business address
of all of the Reporting Persons is c/o Advent International Corporation, 101
Federal Street, Boston, MA 02110.
<PAGE> 7
CUSIP Number 58441B-10-0 13D Page 7 of 11
(d) (e) During the last five years, none of the Reporting Persons nor any
person listed on Schedule A has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors). During the last five
years, none of the Reporting Persons nor any person listed on Schedule A has
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which any 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 violations with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
- ------
The reporting persons' paid an aggregate of $1,050,000 for the acquisition
of Subordinated Convertible Debentures and Common Stock Purchase Warrants of the
Corporation. The Subordinated Convertible Debentures and Common Stock Purchase
Warrants are convertible into an aggregate of approximately 14% of the
Corporation's Common Stock.
Item 4. Purpose of the Transaction.
- ------
The Reporting Persons acquired the Subordinated Convertible Debentures and
Common Stock Purchase Warrants in a private placement transaction, which took
place on March 24, 1997.
The Subordinated Convertible Debentures are convertible into Common Stock
beginning on the earlier of (i) the effective date of a registration statement
of the underlying Common Stock or (ii) the 91st calendar day after the date of
issuance. The conversion price of the debentures is equal to the lesser of 120%
of the average closing price over a five trading-day period of the Common Stock
ending on the last trading day of the subscription date or 80% of the average
closing price over a five trading-day period of the Common Stock ending on the
day prior to conversion. The warrants become exercisable 180 days after the date
of issuance.
The reporting persons acquired the securities of the Corporation strictly
for investment purposes. The Reporting Persons intend to periodically review
their investment in the Corporation. Depending upon future evaluations of the
business prospects of the Corporation and upon other developments, including,
but not limited to, general economic and business conditions and market
conditions, the Reporting Persons may determine to increase or decrease their
equity interest in the Corporation by acquiring additional securities, or by
disposing of all or a portion of the securities now held.
<PAGE> 8
CUSIP Number 58441B-10-0 13D Page 8 of 11
Except to the extent set forth above in this Item 4, none of the Reporting
Persons has any present plan or proposal which relates to or would result in (i)
an extraordinary corporate transaction, such as a merger, reorganization,
liquidation, or sale or transfer of a material amount of assets involving the
Corporation or any of its subsidiaries, (ii) any change in the Corporation's
present Board of Directors or management, (iii) any material changes in the
Corporation's present capitalization or dividend policy or any other material
change in the Corporation's present business or corporate structure, (iv) any
change in the Corporation's charter or by-laws, or (v) the Corporation's common
stock becoming eligible for termination of its registration pursuant to Section
12(g)(4) of the Securities Exchange Act of 1934.
Item 5. Interest in Securities of the Issuer.
- ------
<TABLE>
(a) The following table sets forth the aggregate number and percentage
(based upon the number of shares of Common Stock outstanding as of February 12,
1997) of the Common Stock beneficially owned by each Reporting Person named in
Item 2 of this statement. The aggregate number and percentage of the Common
Stock beneficially owned by each Reporting Person is calculated in accordance
with Rule 13d-3(d)(1), provided however that the debentures are convertible 91
days after the date of issuance, and the warrants become exercisable 180 days
after the date of issuance.
<CAPTION>
Number of Shares
------------------------------------------
Subordinated Common Stock Percentage
Convertible Purchase of Shares
Reporting Person Debenture1 Warrants2 Total Outstanding
- -------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Digital Media & Communications
Limited Partnership (1) 374,331 410,870 785,201 11.1%
------- ------- ------- ----
Advent International Limited
Partnership (1) 374,331 410,870 785,201 11.1%
------- ------- ------- ----
ACFS Limited Partnership (2) 0 240,000 240,000 3.7%
Advent International Corporation 374,331 650,870 1,025,201 14.0%
------- ------- ------- ----
Total Group Ownership 374,331 650,870 1,025,201 14.0%
======= ======= ========= ====
<FN>
- ----------
1 Assuming that the conversion price is $2.805 per share, which is 120% of the
average closing price over a five trading-day period ending on the last trading
day of the subscription date, although the conversion price could be lower. The
debentures are convertible beginning on June 23, 1997. The actual number of
shares issuable upon conversion of the debentures may be greater or lesser,
depending upon the market price of the Common Stock at the time of such
conversion.
2 The warrants become exercisable on September 20, 1997 at a purchase
price of $3.00, per share. The actual number of shares issuable upon exercise
of the warrants and the purchase price are subject to adjustment.
</TABLE>
<PAGE> 9
CUSIP Number 58441B-10-0 13D Page 9 of 11
(1) Advent is the General Partner of AILP, which in turn is the General
Partner of Digital. As such, Advent has the sole power to vote and dispose of
the securities owned by the indicated reporting persons. The beneficial
ownership of Advent and AILP derives from such power.
(2) Advent is the General Partner of ACFS. As such, Advent has the power
to vote and dispose of the securities owned by the indicated reporting persons.
The beneficial ownership of Advent derives from such power.
(b) Each of the Reporting Persons listed in the table set forth above has
sole voting and dispositive power over the Common Stock beneficially owned by it
as indicated above.
(c) (d) (e) Not applicable.
ITEM 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
See Item 4.
Item 7. Material to be Filed as Exhibits.
- ------
Not applicable
(THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK)
<PAGE> 10
CUSIP Number 58441B-10-0 13D Page 10 of 11
SIGNATURE
---------
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
April 4, 1997
- -------
ADVENT INTERNATIONAL CORPORATION
By: Janet L. Hennessy
Vice President /s/ Janet L. Hennessy
---------------------
ADVENT INTERNATIONAL LIMITED PARTNERSHIP
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy
Vice President /s/ Janet L. Hennessy
---------------------
DIGITAL MEDIA & COMMUNICATIONS LIMITED PARTNERSHIP
By: Advent International Limited Partnership,
General Partner
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy
Vice President /s/ Janet L. Hennessy
---------------------
ACFS LIMITED PARTNERSHIP
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy
Vice President /s/ Janet L. Hennessy
---------------------
<PAGE> 11
CUSIP Number 58441B-10-0 13D Page 11 of 11
SCHEDULE A
The name and present principal occupation of each executive
officer and director of Advent International Corporation is set forth below. The
business address of each executive officer and director of Advent International
Corporation is c/o Advent International Corporation, 101 Federal Street, Boston,
Massachusetts 02110. All of the persons listed below are United States citizens.
I. Advent International Corporation
Position with Principal
Advent International Occupation
Name Corporation (if different)
---- ----------- --------------
Peter A. Brooke Chairman
Douglas R. Brown Chief Executive Officer
President
Director
Thomas R. Armstrong Director
Executive Vice President
Chief Operating Officer
Thomas H. Lauer Senior Vice President
Chief Financial Officer
Mark Hoffman Director Chief Executive
Officer of
Hamilton Lunn Limited
Frank Savage Director Senior Vice
President of
Equitable Life
Assurance Society
Vice Chairman of
Equitable Capital
Management Corp.
William H. Gorham Secretary
