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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 10)*
THE RIGHT START, INC.
........................................................................
(Name of Issuer)
COMMON STOCK
........................................................................
(Title of Class of Securities)
766574206
........................................................................
(CUSIP Number)
DAVID J. SHLADOVSKY, C/O KAYNE ANDERSON CAPITAL ADVISORS, L.P.
1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES, CA 90067 (310) 556-2721
........................................................................
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
12/07/2000
........................................................................
(Date of Event which Requires Piling 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-l(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.)
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-l(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).
PAGE 1 OF 10
<PAGE> 2
CUSIP NO. 766574206
SCHEDULE 13D PAGE 2 OF 10 PAGES
.............................................................................
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
(A) KAYNE ANDERSON CAPITAL ADVISORS, L.P. - 95-4486379
(B) RICHARD A. KAYNE - ###-##-####
.............................................................................
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
.............................................................................
3 SEC USE ONLY
.............................................................................
4 SOURCE OF FUNDS*
.............................................................................
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(E) [ ]
.............................................................................
6 CITIZENSHIP OR PLACE OF ORGANIZATION
(A) IS A CALIFORNIA LIMITED PARTNERSHIP
(B) IS A U.S. CITIZEN
.............................................................................
7 SOLE VOTING POWER
(A) 0
NUMBER OF (B) 561,020
SHARES .........................................
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY (A) 5,178,723
EACH REPORTING (B) 5,178,723
PERSON WITH .........................................
9 SOLE DISPOSITIVE POWER
(A) 0
(B) 561,020
.........................................
10 SHARED DISPOSITIVE POWER
(A) 5,178,723
(B) 5,178,723
.............................................................................
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON*
(A) 5,178,723
(B) 5,739,744
.............................................................................
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
.............................................................................
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
(A) 55.85%
(B) 61.91%
.............................................................................
12 TYPE OF REPORTING PERSON*
(A) IA
(B) IN
.............................................................................
*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 2 OF 10
<PAGE> 3
CUSIP NO. 726540503 SCHEDULE 13D PAGE 3 OF 10 PAGES
.............................................................................
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ARBCO Associates, L.P. - 95-3214739
.............................................................................
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
.............................................................................
3 SEC USE ONLY
.............................................................................
4 SOURCE OF FUNDS*
.............................................................................
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(E) [ ]
.............................................................................
6 CITIZENSHIP OR PLACE OF ORGANIZATION
A CALIFORNIA LIMITED PARTNERSHIP
.............................................................................
7 SOLE VOTING POWER
NUMBER OF 0
SHARES .........................................
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH REPORTING 1,146,778
PERSON WITH .........................................
9 SOLE DISPOSITIVE POWER
0
.........................................
10 SHARED DISPOSITIVE POWER
1,146,778
.............................................................................
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON*
1,146,778
.............................................................................
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
.............................................................................
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.37%
.............................................................................
12 TYPE OF REPORTING PERSON*
PN
.............................................................................
*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 3 OF 10
<PAGE> 4
CUSIP NO. 726540503 SCHEDULE 13D PAGE 4 OF 10 PAGES
.............................................................................
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
KAYNE, ANDERSON NON-TRADITIONAL INVESTMENTS, L.P. - 95-4198602
.............................................................................
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
.............................................................................
3 SEC USE ONLY
.............................................................................
4 SOURCE OF FUNDS*
.............................................................................
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(E) [ ]
.............................................................................
6 CITIZENSHIP OR PLACE OF ORGANIZATION
A CALIFORNIA LIMITED PARTNERSHIP
.............................................................................
7 SOLE VOTING POWER
NUMBER OF 0
SHARES .........................................
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH REPORTING 1,440,574
PERSON WITH .........................................
9 SOLE DISPOSITIVE POWER
0
.........................................
10 SHARED DISPOSITIVE POWER
1,440,574
.............................................................................
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON*
1,440,574
.............................................................................
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
.............................................................................
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.54%
.............................................................................
12 TYPE OF REPORTING PERSON*
PN
.............................................................................
*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 4 OF 10
<PAGE> 5
CUSIP NO. 726540503 SCHEDULE 13D PAGE 5 OF 10 PAGES
.............................................................................
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
KAYNE ANDERSON DIVERSIFIED CAPITAL PARTNERS, L.P. - 95-4111006
.............................................................................
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
.............................................................................
3 SEC USE ONLY
.............................................................................
4 SOURCE OF FUNDS*
.............................................................................
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(E) [ ]
.............................................................................
6 CITIZENSHIP OR PLACE OF ORGANIZATION
A CALIFORNIA LIMITED PARTNERSHIP
.............................................................................
7 SOLE VOTING POWER
NUMBER OF 0
SHARES .........................................
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH REPORTING 1,647,886
PERSON WITH .........................................
9 SOLE DISPOSITIVE POWER
0
.........................................
10 SHARED DISPOSITIVE POWER
1,647,886
.............................................................................
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON*
1,647,886
.............................................................................
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
.............................................................................
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
17.77%
.............................................................................
12 TYPE OF REPORTING PERSON*
PN
.............................................................................
*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 5 OF 10
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CUSIP NO. 726540503 SCHEDULE 13D PAGE 6 OF 10 PAGES
.............................................................................
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
KAYNE ANDERSON CAPITAL PARTNERS, L.P. - 95-4276878
.............................................................................
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
.............................................................................
3 SEC USE ONLY
.............................................................................
4 SOURCE OF FUNDS*
.............................................................................
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(E) [ ]
.............................................................................
6 CITIZENSHIP OR PLACE OF ORGANIZATION
A CALIFORNIA LIMITED PARTNERSHIP
.............................................................................
7 SOLE VOTING POWER
NUMBER OF 0
SHARES .........................................
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH REPORTING 551,460
PERSON WITH .........................................
9 SOLE DISPOSITIVE POWER
0
.........................................
10 SHARED DISPOSITIVE POWER
551,460
.............................................................................
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON*
551,460
.............................................................................
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
.............................................................................
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.95%
.............................................................................
12 TYPE OF REPORTING PERSON*
PN
.............................................................................
*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 6 OF 10
<PAGE> 7
United States
Securities and Exchange Commission
SCHEDULE 13D
AMENDMENT NO. 10
*********************
ITEM 1. SECURITY AND ISSUER
Common Stock, with $0.01 Par Value.
The Right Start, Inc.
5334 Sterling Center Drive
Westlake Village, CA 91361
ITEM 2. IDENTITY AND BACKGROUND
a. KAYNE ANDERSON INVESTMENT MANAGEMENT, INC.
Kayne Anderson Investment Management, Inc. (KAIM), a Nevada
corporation, serves as general partner of Kayne Anderson Capital
Advisors, L.P. (KACA), a California limited partnership. KACA is an
investment adviser registered under the Investment Advisers Act. It
serves as general partner of and investment adviser to various
investment funds, including the following holders of the issuer's
Common Stock and Preferred Stock: ARBCO Associates, L.P., Kayne,
Anderson Non-Traditional Investments, L.P., Kayne Anderson Diversified
Capital Partners, L.P. and Kayne Anderson Capital Partners, L.P., each
of which is a California limited partnership. KACA also serves as
investment adviser to other clients, some of which hold the issuer's
Common Stock and Preferred Stock. The principal business address of
KAIM, KACA and the investment limited partnerships is 1800 Avenue of
the Stars, Second Floor, Los Angeles, California 90067.
During the past five years, none of KAIM, KACA, or the four investment
limited partnerships has been convicted in a criminal proceeding nor
has any of them been a party to a civil proceeding of a judicial or
administrative body or the subject of any judgments, decrees or final
orders from the regulatory bodies.
b. RICHARD A. KAYNE
Mr. Kayne, a U.S. citizen, is President, Chief Executive Officer and
Director of KAIM. He also serves as Co-Management Chair and Chief
Executive Officer of Kayne Anderson Rudnick Investment Management, LLC,
a California limited liability company (KARIM), and President and
Director of KA Associates, Inc., a Nevada corporation (KA). KARIM is a
registered investment adviser. KA is a registered broker/dealer and
registered investment adviser. The principal business address of KARIM
and KA is 1800 Avenue of the Stars, Second Floor, Los Angeles, CA
90067.
Mr. Kayne is the controlling shareholder (or member) of KAIM, KARIM
and KA.
Mr. Kayne is a Director of The Right Start, Inc.
During the past five years, none of Mr. Kayne, KARIM, KA or KAIM, LP
has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors), nor has any of them been a party
to a civil proceeding of a judicial or administrative body or the
subject of any judgments, decrees or final orders from the regulatory
bodies.
PAGE 7 OF 10
<PAGE> 8
c. The following persons (in addition to Mr. Kayne) are officers and/or
directors of one or more of KAIM, KARIM and KA. Each such person is a
U.S. citizen whose address is 1800 Avenue of the Stars, Second Floor
Floor, Los Angeles, California 90067. During the past five years, none
of such persons has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors), nor has any of them been a
party to a civil proceeding of a judicial or administrative body or the
subject of any judgments, decrees or final orders from the regulatory
bodies.
JOHN E. ANDERSON. Chairman of Topa Equities, Ltd., a diversified
investment company located at 1800 Avenue of the Stars, Suite 1400,
Los Angeles, California 90067. Mr. Anderson is also Director of KAIM
and KA.
ALLAN M. RUDNICK. Co-Management Chair, President and
Chief Investment Officer of KARIM
HOWARD M. ZELIKOW. Vice President and Director of KAIM
Director of The Right Start, Inc.
ROBERT V. SINNOTT. Vice President of KAIM
RALPH C. WALTER. Chief Operating Officer and Treasurer of KAIM
and KA.
JERRY R. WELCH. Vice President of KAIM
Chairman and CEO of The Right Start, Inc.
DAVID J. SHLADOVSKY. General Counsel and Secretary of KAIM and KA.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Investment partnership funds were derived by a combination of cash contributions
to the partnerships by the limited partners and, additionally, from the use of
margin by certain of the partnerships.
ITEM 4. PURPOSE OF TRANSACTION
The shares of the issuer were purchased for investment purposes. Richard A.
Kayne, KACA, and KARIM, on behalf of themselves and their managed accounts, will
consider making further sales or purchases of the shares.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
a. KACA and Richard A. Kayne report beneficial ownership of 5,178,723 and
5,739,744 shares, representing 55.85% and 61.91% of the shares outstanding,
respectively, which amounts include 399,999, 1,691,650, 250,000, 1,263,155 and
50,000 shares of common stock which may be acquired upon conversion of Preferred
Series B, Preferred Series C, Preferred Series D, Senior Subordinated Notes due
9/1/2005 and Warrants, respectively.
b. KACA and Richard A. Kayne have shared voting and dispositive power over
5,178,723 shares. Richard A. Kayne has sole voting and dispositive power over
561,020 shares.
The shares over which Mr. Kayne has sole voting and dispositive power
are held by him directly or by accounts for which he serves as trustee or
custodian. The shares over which Mr. Kayne and KACA have shared voting and
dispositive power are held by accounts for which KACA serves as investment
adviser (and, in some cases, as general partner), including Arbco Associates,
L.P., Kayne, Anderson Non-Traditional Investments, L.P. and Kayne Anderson
Diversified Capital Partners, L.P. The shares over which Mr. Kayne and KARIM
have shared voting and dispositive power are held by accounts for which KARIM
serves as investment adviser.
KACA disclaims beneficial ownership of the shares reported, except
those shares attributable to it by virtue of its general partner interests in
certain limited partnerships holding such shares. Mr. Kayne disclaims beneficial
ownership of the shares reported, except those shares held by him or
attributable to him by virtue of his limited and general partner interests in
such limited partnerships and by virtue of his indirect interest in the interest
of KACA in such limited partnerships.
PAGE 8 OF 10
<PAGE> 9
c. All transactions for the reporting parties were effected by KACA.
Distributions of the shares were made as follows:
<TABLE>
<CAPTION>
Common Stock Stock
Date Type # of shares Price Where/how transaction effected
-------- ---- ------------------ ------ ------------------------------
<S> <C> <C> <C>
12/07/00 Buy 94,000 $0.77 Nasdaq
</TABLE>
d. Not applicable
e. Not applicable
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Not applicable
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit I Joint Filing Agreement among Richard A. Kayne and KACA
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
December 17, 2000
-----------------------------------------------
Date
/S/ Richard A. Kayne
-----------------------------------------------
Richard A. Kayne
KAYNE ANDERSON CAPITAL ADVISORS, L.P.
By: Kayne Anderson Investment Management, Inc.
By: /S/ David J. Shladovsky
-----------------------------------
David J. Shladovsky, Secretary
PAGE 9 OF 10
<PAGE> 10
JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(f)(1)
This agreement is made pursuant to Rule 13d-1(f)(1) under the Securities
Exchange Act of 1934 (the "Act") by and between the parties listed below, each
referred to herein as a "Joint Filer." The Joint Filers agree that a statement
of beneficial ownership as required by Section 13(d) of the Act and the Rules
thereunder may be filed on each of their behalf on Schedule 13D or Schedule 13G,
as appropriate, and that said joint filing may thereafter be amended by further
joint filings. The Joint Filers state that they each satisfy the requirements
for making a joint filing under Rule 13d-1.
/S/ Richard A. Kayne
-------------------------------------------
Richard A. Kayne
/S/ David J. Shladovsky
-------------------------------------------
Kayne Anderson Capital Advisors, L.P., by
David J. Shladovsky, Secretary of
Kayne Anderson Investment Management, Inc.,
general partner
PAGE 10 OF 10
