UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
KINETIC CONCEPTS, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
49460W-01-0
(CUSIP Number)
Murray A. Indick
Richard C. Blum & Associates, L.P.
909 Montgomery Street, Suite 400
San Francisco, CA 94133
(415) 434-1111
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 9, 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 [ ].
*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).
Page 1 of 30
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 2 of 30
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON STINSON CAPITAL PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3432358
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 3 of 30
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BK CAPITAL PARTNERS IV, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3139027
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 4 of 30
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON THE CARPENTERS PENSION TRUST
FOR SOUTHERN CALIFORNIA
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-6042875
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON EP
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 5 of 30
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON UNITED BROTHERHOOD OF CARPENTERS
AND JOINERS OF AMERICA LOCAL UNIONS
AND COUNCILS PENSION FUND
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 35-6075035
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Washington, DC
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON EP
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 6 of 30
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON INSURANCE COMPANY SUPPORTED
ORGANIZATIONS PENSION PLAN
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 13-6284703
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Washington, DC
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON EP
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 7 of 30
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
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 California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN, IA
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 8 of 30
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
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 California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 9 of 30
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
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 USA
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 10 of 30
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON PRISM PARTNERS I, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3172939
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 11 of 30
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON WEINTRAUB CAPITAL MANAGEMENT
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3151493
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
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 California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN, IA
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 12 of 30
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON JERALD M. WEINTRAUB
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
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 USA
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 13 of 30
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON FREMONT PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* BK, 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 -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0-
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0-
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 14 of 30
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON FP ADVISORS, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* BK, 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 -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0-
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0-
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO (limited liability company)
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 15 of 30
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON FREMONT GROUP, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* BK, 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 -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0-
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0-
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO (limited liability company)
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 16 of 30
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON FREMONT INVESTORS, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* BK, 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 Nevada
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0-
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0-
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 17 of 30
This Amendment No. 6 amends the Statement on Schedule 13D (the "Schedule 13D")
filed with the Securities and Exchange Commission on July 11, 1997 by Stinson
Capital Partners, L.P, BK Capital Partners IV, L.P the Carpenters Pension
Trust for Southern California, United Brotherhood of Carpenters and Joiners of
America Local Unions and Councils Pension Fund, Insurance Company Supported
Organizations Pension Plan, Richard C. Blum & Associates, L.P., Richard C.
Blum & Associates, Inc. and Richard C. Blum (referred to herein as the "Blum
Reporting Persons."); Prism Partners I, L.P.; Weintraub Capital Management,
and Jerald M. Weintraub (referred to herein as the "Weintraub Reporting
Persons"); and Fremont Partners, L.P., FP Advisors, L.L.C., Fremont Group,
L.L.C., and Fremont Investors Inc.(referred to herein as the "Fremont
Reporting Persons"). The Blum Reporting Persons, the Weintraub Reporting
Persons and the Fremont Reporting Persons are collectively referred to herein
as the "Reporting Persons." This Amendment No. 6 is filed with respect to
shares of common stock, par value $0.01 per share, (the "Common Stock") of
Kinetic Concepts, Inc. (the "Issuer"). The principal executive office and
mailing address of the Issuer is 8023 Vantage Drive, San Antonio, Texas 78230.
The following amendment to Item 3 and Item 4 of the Schedule 13D is hereby
made. Unless otherwise defined herein, all capitalized terms shall have the
meanings ascribed to them in the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration
- ----------------------------------------------------------
Item 3 of the Schedule 13D is hereby amended in its entirety to read as
follows:
The source of funds for the purchases of securities was the working capital of
the Blum Reporting Persons and the Weintraub Reporting Persons. As of this
date, the Fremont Group does not own any securities of the Issuer.
In addition, as described below (see Item 4 and Exhibit B hereto), the Blum
Reporting Persons and the Fremont Reporting Persons submitted a final offer on
September 8, 1997 to acquire control of the Company. That offer is subject to
financing upon the terms and conditions offered by prospective lenders.
Confidential treatment has been requested from the Commission with respect to
the terms of the financing proposals. The source of funds to be used in the
acquisition may differ for each group. The Blum Reporting Persons intend to
use as their source of funds capital from commercial bank loans and/or
security issuances. The Fremont Reporting Persons would intend to use as
their source of funds capital from commercial bank loans and/or security
issuances.
Item 4. Purpose of Transaction
- -------------------------------
Item 4 of the Schedule 13D is hereby amended in its entirety to read as
follows:
The Blum Reporting Persons and the Weintraub Reporting Persons previously
acquired the securities of the Issuer in the ordinary course of their
respective businesses, which is the investment business.
On May 29, 1997, the Issuer announced publicly that it had retained the
investment banking firm of Alex. Brown & Sons, Inc. ("Alex. Brown") "to help
it explore strategic options and ways to increase shareholder value." Alex.
Brown subsequently notified Blum Reporting Persons that indications of
interest concerning the Issuer were due by July 10, 1997.
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 18 of 30
On July 10, 1997, the Blum Reporting Persons and the Fremont Reporting Persons
agreed to submit a joint indication of interest to the Issuer, through Alex.
Brown. Depending on the Issuer's response to the joint indication of
interest, the Blum Reporting Persons and the Fremont Reporting Persons agreed
to proceed, as a group, to attempt to acquire control of the Issuer in a
friendly, privately-negotiated transaction with the Issuer and the Issuer's
controlling shareholder.
On August 29, 1997, Alex. Brown notified the Blum Reporting Persons and the
Fremont Reporting Persons that final offers for the Company were due on
September 8, 1997. On September 8, 1997, the Blum Reporting Persons and the
Fremont Reporting Persons submitted a final offer to acquire control of the
Company. See Exhibit B. Confidential treatment from the Commission has been
requested for selected portions of the September 8, 1997 letter.
Other than as set forth in this statement, the Blum Reporting Persons, the
Weintraub Reporting Persons and the Fremont Reporting Persons do not have any
present plans or proposals that relate to or would result in any of the
consequences listed in paragraphs (a)-(j) of Schedule 13D, or any agreement
regarding such matters, although they may in the future take actions that
would have such consequences.
Item 7. Material to be Filed as Exhibits
- -----------------------------------------
Page
----
Exhibit A Joint Filing Undertaking 19
Exhibit B Letter dated September 8, 1997 23-25
from Richard C. Blum & Associates, L.P.
and Fremont Partners to Mr. Mark R. Klausner,
Alex. Brown & Sons, Inc. [Redacted in part;
Confidential Treatment is being requested
for portions of this letter from the Commission]
Exhibit C Unredacted letter dated September 8, 1997 26-30
from Richard C. Blum & Associates, L.P.
and Fremont Partners to Mr. Mark R. Klausner,
Alex. Brown & Sons, Inc. [Complete text, not
for public disclosure, submitted to the
Commission as part of the request for
Confidential Treatment]
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 19 of 30
SIGNATURES
After reasonable inquiry and to the best or our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: September 9, 1997
RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC.
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- -----------------------------------
Murray A. Indick Murray A. Indick
Managing Director Managing Director, General Counsel
and General Counsel and Secretary
STINSON CAPITAL PARTNERS, L.P. /s/ Murray A. Indick
BK CAPITAL PARTNERS IV, L.P. ---------------------------------------
RICHARD C. BLUM
By Richard C. Blum & Associates, By Murray A. Indick,
L.P., its General Partner Attorney-in-Fact
By /s/ Murray A. Indick THE CARPENTERS PENSION TRUST FOR
--------------------------- SOUTHERN CALIFORNIA
Murray A. Indick
Managing Director UNITED BROTHERHOOD OF CARPENTERS
and General Counsel AND JOINERS OF AMERICA LOCAL UNIONS
AND COUNCILS PENSION FUND
PRISM PARTNERS I, L.P.
INSURANCE COMPANY SUPPORTED
By Weintraub Capital Management, ORGANIZATIONS PENSION PLAN
its General Partner
By Richard C. Blum & Associates, L.P.,
By /s/ Jerald M. Weintraub its Investment Advisor
-----------------------
Jerald M. Weintraub By /s/ Murray A. Indick
Managing General Partner -------------------------------
Murray A. Indick
WEINTRAUB CAPITAL MANAGEMENT Managing Director
and General Counsel
By /s/ Jerald M. Weintraub
---------------------------
Jerald M. Weintraub,
Managing General Partner
/s/ Jerald M. Weintraub [CONTINUED ON NEXT PAGE]
- -------------------------------
JERALD M. WEINTRAUB
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 20 of 30
FREMONT PARTNERS, L.P.
FP ADVISORS
FREMONT GROUP, L.L.C.
FREMONT INVESTORS, INC.
By /s/ R.S. Kopf
---------------------------
R.S. Kopf
Executive Officer or Executive
Officer of a Partner of each
Fremont Reporting Person
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 21 of 30
Exhibit A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby execute this
agreement as an exhibit to this Schedule 13D to evidence the agreement of the
below-named parties, in accordance with the rules promulgated pursuant to the
Securities Exchange Act of 1934, to file this Schedule jointly on behalf of
each such party.
Dated: September 9, 1997
RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC.
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- -----------------------------------
Murray A. Indick Murray A. Indick
Managing Director Managing Director, General Counsel
and General Counsel and Secretary
STINSON CAPITAL PARTNERS, L.P. /s/ Murray A. Indick
BK CAPITAL PARTNERS IV, L.P. ---------------------------------------
RICHARD C. BLUM
By Richard C. Blum & Associates, By Murray A. Indick,
L.P., its General Partner Attorney-in-Fact
By /s/ Murray A. Indick THE CARPENTERS PENSION TRUST FOR
--------------------------- SOUTHERN CALIFORNIA
Murray A. Indick
Managing Director UNITED BROTHERHOOD OF CARPENTERS
and General Counsel AND JOINERS OF AMERICA LOCAL UNIONS
AND COUNCILS PENSION FUND
PRISM PARTNERS I, L.P.
INSURANCE COMPANY SUPPORTED
By Weintraub Capital Management, ORGANIZATIONS PENSION PLAN
its General Partner
By Richard C. Blum & Associates, L.P.,
By /s/ Jerald M. Weintraub its Investment Advisor
-----------------------
Jerald M. Weintraub By /s/ Murray A. Indick
Managing General Partner -------------------------------
Murray A. Indick
WEINTRAUB CAPITAL MANAGEMENT Managing Director
and General Counsel
By /s/ Jerald M. Weintraub
---------------------------
Jerald M. Weintraub,
Managing General Partner
/s/ Jerald M. Weintraub [CONTINUED ON NEXT PAGE]
- -------------------------------
JERALD M. WEINTRAUB
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 22 of 30
FREMONT PARTNERS, L.P.
FP ADVISORS
FREMONT GROUP, L.L.C.
FREMONT INVESTORS, INC.
By /s/ R.S. Kopf
---------------------------
R.S. Kopf
Executive Officer or Executive
Officer of a Partner of each
Fremont Reporting Person
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 23 of 30
Exhibit B
[*] indicates portions of Exhibit omitted
per Request for Confidential Treatment
submitted to the Commission
Richard C. Blum & Associates, L.P. The Fremont Group
909 Montgomery Street, Suite 400 50 Fremont Street, Suite 3700
San Francisco, CA 94133-4625 San Francisco, CA 94105-1895
Fax: (415) 434-3130 Fax: (415) 284-8191
Telephone: (415) 434-1111 Telephone: (415) 284-8792
September 8, 1997
By Facsimile (410-895-4583) & Overnight Mail
- --------------------------------------------
Mr. Mark R. Klausner
Vice President
Alex. Brown & Sons Inc.
One South Street
Baltimore, Maryland 21202
Re: Kinetic Concepts, Inc.
----------------------
Dear Sirs:
Richard C. Blum & Associates ("RCBA") and Fremont Partners, L.L.C.
("Fremont") (collectively, "Buyer"), in accordance with your letter dated
August 29, 1997, are pleased to jointly submit a Final Offer ("Offer") to
acquire the common stock of Kinetic Concepts, Inc. ("KCI" or "Company") in a
leveraged recapitalization transaction through a corporation or partnership to
be organized and controlled by the Buyer or its affiliates.
The Offer is based on information we have received to date from Alex.
Brown & Sons and the Company, including the Descriptive Memorandum, Market
Information, Project Royalty financial projections, information from the
Company's Data Room and other relevant data.
As previously indicated, RCBA and Fremont's investment philosophy has an
operating orientation. Each of RCBA and Fremont have successfully consummated
other successful private equity transactions, and our histories reflect the
type of partner we would be for shareholders, management, and employees of the
Company. We believe that the proposed recapitalization will allow management
to successfully execute its long-term growth plans, including internal
expansion and acquisitions without disrupting the core values upon which the
Company has been based.
Our Offer has been prepared consistent with the objective of maximizing
the cash proceeds received by all shareholders and is predicated on qualifying
for treatment as
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 24 of 30
Mr. Alex R. Klausner
Alex. Brown & Sons, Inc.
September 8, 1997
Page 2
a leveraged recapitalization. The terms of our proposal, which we reserve the
right to withdraw if not accepted by the close of business, September 12,
1997, are summarized as follows:
Purchase Price
- --------------
[*]
[*] The transaction as previously noted, would be structured to receive
leveraged recapitalization accounting treatment.
Financing
- ---------
Buyer has received acceptable financing proposals from both [*] which
when combined with our existing Equity sources will allow us to successfully
close the proposed transaction in a timely manner.
[*]
Mr. Alex R. Klausner
Alex. Brown & Sons, Inc.
September 8, 1997
Page 3
Please find attached, signed commitment letters from [*] outlining the
specific terms and conditions of the financing previously identified. In
addition, listed below are the representatives from these institutions who
have served as our primary contacts on this transaction:
[*]
Mr. Alex R. Klausner
Alex. Brown & Sons, Inc.
September 8, 1997
Page 4
Our financing sources have maintained consistent enthusiasm in support of
our Offer and are prepared to quickly devote the necessary resources to close
the transaction.
[*]
* * * * *
[*]
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 25 of 30
Mr. Alex R. Klausner
Alex. Brown & Sons, Inc.
September 8, 1997
Page 5
For further information concerning our Final Offer or for any other
matter, please call either [*]
Sincerely,
[*]
Richard C. Blum & Associates, L.P.
[*]
Fremont Partners
