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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Koll Real Estate Group, Inc.
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(Name of Issuer)
Class A Common Stock
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(Title of Class of Securities)
50043410 5
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(CUSIP Number)
Bridge Partners, L.P.
c/o Carson Street Partners, Inc.
Attn: Mr. John W. Gildea
115 East Putnam Avenue, Greenwich, Connecticut 06830
(203) 661-6945
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 2, 1997
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(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 / /.
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 disclosure
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 9 Pages
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CUSIP No. 50043410 5
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1 Name of Reporting Person(1)
S.S. or I.R.S. Identification No. of Above Person
Bridge Partners, L.P.
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2 Check the Appropriate Box If a Member of a Group
a. / /
b. / /
- -------------------------------------------------------------------------------
3 SEC Use Only
- -------------------------------------------------------------------------------
4 Source of Funds
WC
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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
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7 Sole Voting Power
Number of 264,273
Shares ----------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By -0-
Each ----------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 264,273
With ----------------------------------------------------
10 Shared Dispositive Power
-0-
- -------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
264,273
- -------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain
Shares / /
- -------------------------------------------------------------------------------
- --------------
(1) Filing jointly pursuant to Rule 13d-1(f)(1) under the Securities
Exchange Act of 1934, as amended, with Carson Street Partners, Inc.
and John W. Gildea.
Page 2 of 9 Pages
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13 Percent of Class Represented By Amount in Row (11)
Approximately 2.24%(2)
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14 Type of Reporting Person
PN
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- --------------
(2) Based on approximately 11.8 million shares outstanding as reported on
the Issuer's Form 8-K filed with the Securities and Exchange Commission
on August 28, 1997.
Page 3 of 9 Pages
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CUSIP No. 50043410 5
- -------------------------------------------------------------------------------
1 Name of Reporting Person(1)
S.S. or I.R.S. Identification No. of Above Person
Carson Street Partners, Inc.
- -------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group
a. / /
b. / /
- -------------------------------------------------------------------------------
3 SEC Use Only
- -------------------------------------------------------------------------------
4 Source of Funds
AF
- -------------------------------------------------------------------------------
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 264,273
Shares ----------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By -0-
Each ----------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 264,273
With ----------------------------------------------------
10 Shared Dispositive Power
-0-
- -------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
264,273
- -------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain
Shares / /
- -------------------------------------------------------------------------------
- --------------
(1) Filing jointly pursuant to Rule 13d-1(f)(1) under the Securities
Exchange Act of 1934, as amended, with Bridge Partners, L.P. and
John W. Gildea.
Page 4 of 9 Pages
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13 Percent of Class Represented By Amount in Row (11)
Approximately 2.24%(2)
- -------------------------------------------------------------------------------
14 Type of Reporting Person
CO
- -------------------------------------------------------------------------------
- --------------
(2) Based on approximately 11.8 million shares outstanding as reported on
the Issuer's Form 8-K filed with the Securities and Exchange Commission
on August 28, 1997.
Page 5 of 9 Pages
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CUSIP No. 50043410 5
- -------------------------------------------------------------------------------
1 Name of Reporting Person(1)
S.S. or I.R.S. Identification No. of Above Person
John W. Gildea
- -------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group
a. / /
b. / /
- -------------------------------------------------------------------------------
3 SEC Use Only
- -------------------------------------------------------------------------------
4 Source of Funds
AF
- -------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant
to Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
6 Citizenship or Place of Organization
U.S.A.
- -------------------------------------------------------------------------------
7 Sole Voting Power
Number of -0-
Shares ----------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 264,273
Each ----------------------------------------------------
Reporting 9 Sole Dispositive Power
Person -0-
With ----------------------------------------------------
10 Shared Dispositive Power
264,273
- -------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
264,273
- -------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain
Shares / /
- -------------------------------------------------------------------------------
- --------------
(1) Filing jointly pursuant to Rule 13d-1(f)(1) under the Securities
Exchange Act of 1934, as amended, with Bridge Partners, L.P. and
Carson Street Partners, Inc.
Page 6 of 9 Pages
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13 Percent of Class Represented By Amount in Row (11)
Approximately 2.24%(2)
- -------------------------------------------------------------------------------
14 Type of Reporting Person
IN
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- --------------
(2) Based on approximately 11.8 million shares outstanding as reported on
the Issuer's Form 8-K filed with the Securities and Exchange Commission
on August 28, 1997.
Page 7 of 9 Pages
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This Amendment No. 2 to the Schedule 13D filed on July 24, 1995, as
amended by Amendment No. 1 to the Schedule 13D filed on June 10, 1996 (the
"Schedule 13D") on behalf of John W. Gildea, Bridge Partners, L.P. and Carson
Street Partners, Inc. (collectively, the "Reporting Persons") is being filed as
a final amendment to the Schedule 13D and relates to the Common Stock of Koll
Real Estate Group, Inc. (the "Issuer"), and is being filed pursuant to Rule
13d-2 under the Securities Exchange Act of 1934, as amended (the "Exchange
Act"). Capitalized terms used but not otherwise defined herein shall have the
meanings ascribed to such terms in the Schedule 13D.
The Schedule 13D is hereby amended and supplemented as follows:
Item 5. Interest in Securities of the Issuer.
On August 19, 1997, the United States Bankruptcy Court for the District
of Delaware confirmed the Issuer's Prepackaged Plan of Reorganization
(the "Prepackaged Plan") pursuant to which, among other things, there
was (i) a reclassification and combination of each share of the
Issuer's Series A Preferred Stock and Class A Common Stock outstanding
prior to the effective date of the Prepackaged Plan into one and
three-quarter (1.75) shares and one (1) share, respectively, of common
stock of the Issuer, and (ii) a reverse stock split of all outstanding
shares of capital stock of the Issuer on a one for one hundred (1:100)
basis, such that upon completion of the recapitalization of the Issuer,
the Reporting Persons have beneficial ownership of 264,273 shares of
common stock of the Issuer out of approximately 11.8 million
outstanding shares of common stock outstanding, as reported in the Form
8-K filed by the Issuer with the Securities and Exchange Commission on
August 28, 1997. As such, the Reporting Persons are no longer
beneficial owners of more than five percent of the Common Stock of the
Issuer.
Page 8 of 9 Pages
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SIGNATURE
After reasonable inquiry and to the best of their respective knowledge
and belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Dated: September 26, 1997
BRIDGE PARTNERS, L.P.
By: CARSON STREET PARTNERS, INC.,
General Partner
By: /s/ John W. Gildea
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Name: John W. Gildea
Title: Chief Executive Officer and President
CARSON STREET PARTNERS, INC.
By: /s/ John W. Gildea
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Name: John W. Gildea
Title: Chief Executive Officer and President
By: /s/ John W. Gildea
--------------------------------------
Name: John W. Gildea
Page 9 of 9 Pages
