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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
HOMEOWNERS GROUP, INC.
=========================================
(Name of Issuer)
Common Stock ($0.01 par value)
=========================================
(Title of Class of Securities)
43739N107
(CUSIP Number)
D. Robert Crants Copy To: Elizabeth E. Moore
DC Investment Partners LLC Stokes & Bartholomew, P.A.
2220 Abbott Martin Road, Suite 201 424 Church Street, 28th Floor
Nashville, Tennessee 37215 Nashville, Tennessee 37219-2386
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 9, 1996
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a a statement on Schedule
13D 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 the statement
[ ]. (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.)
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<S> <C>
CUSIP NO. 43739N107 13D Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DC INVESTMENT PARTNERS OPPORTUNITY FUND, L.P. (62-1627912)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
Not Applicable
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Tennessee
7 SOLE VOTING POWER
NUMBER OF 340,000
8 SHARED VOTING POWER
SHARES
---------
BENEFICIALLY
OWNED BY
9 SOLE DISPOSITIVE POWER
EACH REPORTING
340,000
PERSON
10 SHARED DISPOSITIVE POWER
WITH
---------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
340,000
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.1 %
14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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HOMEOWNERS GROUP, INC.
SCHEDULE 13D
Item 1. Security and Issuer.
This statement relates to the Common Stock (the "Common Stock"), of
Homeowners Group, Inc., a Delaware corporation (the "Issuer"), which has its
principal executive offices at 400 Sawgrass Corporate Parkway, Sunrise, Florida
33325-6235.
Item 2. Identity and Background.
This statement is filed by DC Investment Partners Opportunity Fund,
L.P., a Tennessee limited partnership ("DC Investment L.P."). The principal
business of DC Investment, L.P. is that of a private investment partnership.
The principal business and principal office address of DC Investment L.P. is
2200 Abbott Martin Road, Suite 201, Nashville, Tennessee 37215. The sole
general partner of DC Investment, L.P., is DC Investment Partners LLC, a
Tennessee limited liability company ("DC Partners"). The principal business of
DC Partners is that of acting as general partner of DC Investment, L.P. and one
other private investment partnership. DC Partners' principal business and
principal office address is 2200 Abbott Martin Road, Suite 201, Nashville,
Tennessee 37215. The members of DC Partners are citizens of the United States
and their respective principal business addresses and principal businesses or
occupations are as follows:
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Business/
Member Address Occupation
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D. Robert Crants DC Investment Partners, LLC Co-Manager,
2200 Abbott Martin Road DC Partners
Suite 201
Nashville, TN 37215
Michael W. Devlin DC Investment Partners, LLC Co-Manager,
2200 Abbott Martin Road DC Partners
Suite 201
Nashville, TN 37215
Lucius E. Burch Massey Burch Investments Chairman,
310 25th Avenue North Massey Burch
Suite 103 Investments, a
Nashville, TN 37203 private investment
company
Stephens Group, Inc. 111 Center Street private investment
Suite 2400 company
Little Rock, Arkansas 72201
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(d) None of the entities or persons identified in this Item 2 has,
during the last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) None of the entities or persons identified in this Item 2 has,
during the last five years, been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandatory activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
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Item 3. Source and Amount of Funds or other Consideration.
The amount of the funds used in purchasing the securities reported as
beneficially owned in Item 5 hereof was approximately $696,564. DC Investment
L.P. obtained the funds for these transactions from its general operating
funds. DC Partners, as the general partner of DC Investment, L.P., may be
deemed to beneficially own the securities owned by DC Investment, L.P.
Item 4. Purpose of Transaction.
DC Investment L.P. purchased the Securities as an investment
opportunity.
Item 5. Interest in Securities of the Issuer.
(a) DC Investment L.P. is the beneficial owner of 340,000 shares
of Common Stock (approximately 6.1% of the shares of Common Stock of the
Issuer).
(b) DC Investment L.P. is the beneficial owner of all of the
shares of Common Stock to which this Statement relates held in its name, and
has sole power to vote and dispose of all such shares. DC Partners, as the
general partner of DC Investment, L.P. may be deemed to beneficially own the
securities owned by DC Investment, L.P.
(c) None of the entities or persons named in Item 2 has elected any
transactions in the Issuer's securities in the past 60 days.
(d) No person other than DC Investment L.P. has the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of the shares of Common Stock beneficially owned by DC Investment
L.P.
Item 6. Contracts, Arrangement, Understandings or Relationships
with Respect to the Securities of the Issuer.
None.
Item 7. Material to be filed as Exhibits.
None.
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SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Date: 10/15/96 DC INVESTMENT PARTNERS
OPPORTUNITY FUND, L.P.
By: DC Investment Partners LLC, General Partner
By: D. Robert Crants
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Title: Manager
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