------------------------------
OMB APPROVAL
------------------------------
OMB Number 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response ....... 0.5
------------------------------
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
- --------------------------------------------------------------------------------
1. Name and Address of Reporting Person*
Apollo Investment Fund IV, L.P.
- --------------------------------------------------------------------------------
(Last) (First) (Middle)
c/o Apollo Advisors IV, L.P.
Two Manhattanville Road
- --------------------------------------------------------------------------------
(Street)
Purchase New York 10577
- --------------------------------------------------------------------------------
(City) (State) (Zip)
________________________________________________________________________________
2. Date of Event Requiring Statement (Month/Day/Year)
3/11/99
________________________________________________________________________________
3. IRS or Social Security Number of Reporting Person (Voluntary)
________________________________________________________________________________
4. Issuer Name AND Ticker or Trading Symbol
Berlitz International Inc.
Ticker Symbol: BTZ
________________________________________________________________________________
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
________________________________________________________________________________
6. If Amendment, Date of Original (Month/Day/Year)
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check applicable line)
[_] Form Filed by One Reporting Person
[X] Form Filed by More than One Reporting Person
<PAGE>
================================================================================
Table I -- Non-Derivative Securities Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the Form is filed by more than one reporting person, see Instruction
5(b)(v).
(Over)
SEC 1473 (7-96)
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
================================================================================
<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
5% Convertible (a) 3/11/2011 Common Stock, 3,025,718 $33.05(a) (b) (c)
Exchangeable par value $0.1
Subordinated per share
Debentures due
2011, Series A
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
Explanation of Responses:
See page 3 attached hereto
(See pages 4 and 5 attached hereto) March 18, 1999
By:-------------------------------------- ---------------------
**Signatures of Reporting Persons Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB Number.
Page 2
SEC 1473 (7-96)
<PAGE>
Form 3
Continuation Sheet
Designated Filer: Apollo Investment Fund IV, L.P.
Item 2: 3/11/99
Item 4: Berlitz International, Inc.; BTZ
Instruction 5(b)(v): Name and address of other Reporting Persons:
This Statement is filed by Apollo Investment Fund IV, L.P., a Delaware
limited partnership ("AIFIV"), Apollo Overseas Partners IV, L.P., an exempted
limited partnership registered in the Cayman Islands ("Overseas IV"), and Apollo
Advisors IV, L.P., a Delaware limited partnership ("Advisors IV"). AIFIV,
Overseas IV and Advisors IV are referred to collectively as the "Reporting
Persons." The principal business address of each Reporting Person is c/o Apollo
Advisors IV, L.P., two Manhattanville Road, Purchase, New York 10577.
Explanation of Responses (continued from page 2):
(a) The 5% Convertible Exchangeable Subordinated Debentures due 2011, Series A
(the "Series A Debentures") are convertible at any time at the option of
the holder, in part or in whole, into shares of the Issuer's common stock,
par value $.01 per share (the "Common Stock"), at a conversion price of
$33.05 per share, subject to anti-dilution related adjustments.
(b) $94,910,000 million aggregate principal amount of Series A Debentures,
convertible into 2,871,709 shares of Common Stock, are held directly by
AIFIV and indirectly by Advisors IV. $5,090,000 million aggregate principal
amount of Series A Debentures, convertible into 154,009 shares of Common
Stock, are held directly by Overseas IV, L.P. and indirectly by Advisors
IV.
(c) Advisors IV is the general partner of AIFIV and the managing general
partner of Overseas IV. Apollo Capital Management IV, Inc. ("Capital
Management IV") is the general partner of Advisors IV. Leon D. Black and
John J. Hannan are the directors and principal executive officers of
Capital Management IV. The Reporting Persons and Messrs. Black and Hannan
and their respective affiliates disclaim beneficial ownership of all shares
of the Issuer in excess of their respective pecuniary interests, if any,
and this report shall not be deemed an admission that any such person or
entity is the beneficial owner of, or has any pecuniary interest in, any
such securities for purposes of Section 16 of the Securities Exchange Act
of 1934, as amended, or for any other purposes.
Page 3 of 5
<PAGE>
Form 3
Continuation Sheet
Designated Filer: Apollo Investment Fund IV, L.P.
Item 2: 3/11/99
Item 4: Berlitz International, Inc.; BTZ
Signatures:
March 18, 1999 APOLLO INVESTMENT FUND IV, L.P.
By: Apollo Advisors IV, L.P.,
its General Partner
By: Apollo Capital Management IV, Inc.,
its General Partner
By: /s/ Michael D. Weiner
-----------------------------------
Name: Michael D. Weiner
Title: Vice President,
Apollo Capital Management IV, Inc.
APOLLO OVERSEAS PARTNERS IV, L.P.
By: Apollo Advisors IV, L.P.,
its Managing General Partner
By: Apollo Capital Management IV, Inc.,
its General Partner
By: /s/ Michael D. Weiner
-----------------------------------
Name: Michael D. Weiner
Title: Vice President,
Apollo Capital Management IV, Inc.
Page 4 of 5
<PAGE>
Form 3
Continuation Sheet
Designated Filer: Apollo Investment Fund IV, L.P.
Item 2: 3/11/99
Item 4: Berlitz International, Inc.; BTZ
APOLLO ADVISORS IV, L.P.
By: Apollo Capital Management IV, Inc.,
its General Partner
By: /s/ Michael D. Weiner
---------------------------------------
Name: Michael D. Weiner
Title: Vice President,
Apollo Capital Management IV, Inc.
Page 5 of 5
