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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------------
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULE 13d-1(a) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(a)
CATALYTICA ENERGY SYSTEMS, INC.
(Name of Issuer)
-----------------------
Common Stock,
$0.0005 Par Value
(Title of Class of Securities)
-----------------------
148884 10 9
(CUSIP Number)
-----------------------
Peter R. Vogelsang
Morgan Stanley Capital Partners III, Inc.
1221 Avenue of the Americas
New York, New York 10020
Tel. No.: (212) 762-8422
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 15, 2000
(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 that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box: [ ].
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<PAGE>
CUSIP No. 148884 10 9 13D Page 1 of 6 Pages
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morgan Stanley Dean Witter & Co.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DE
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7 SOLE VOTING POWER
-0-
----------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED BY
REPORTING PERSON WITH 4,136,748
----------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
----------------------------------------
10 SHARED DISPOSITIVE POWER
4,136,748
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
4,136,748
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 148884 10 9 13D Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morgan Stanley Capital Partners III, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
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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
DE
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
----------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED BY
REPORTING PERSON WITH 4,136,748
----------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
----------------------------------------
10 SHARED DISPOSITIVE POWER
4,136,748
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
4,136,748
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 148884 10 9 13D Page 3 of 6 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MSCP III, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DE
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
----------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED BY
REPORTING PERSON WITH 4,136,748
----------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
----------------------------------------
10 SHARED DISPOSITIVE POWER
4,136,748
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
4,136,748
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 148884 10 9 13D Page 4 of 6 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morgan Stanley Capital Partners III, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not applicable
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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
DE
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
----------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED BY
REPORTING PERSON WITH 3,659,200
----------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
----------------------------------------
10 SHARED DISPOSITIVE POWER
3,659,200
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
3,659,200
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 148884 10 9 13D Page 5 of 6 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morgan Stanley Capital Investors, L.P.
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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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
DE
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
----------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED BY
REPORTING PERSON WITH 374,637
----------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
----------------------------------------
10 SHARED DISPOSITIVE POWER
374,637
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
374,637
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 148884 10 9 13D Page 6 of 6 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MSCP III 892 Investors, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(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
DE
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
----------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED BY
REPORTING PERSON WITH 102,911
----------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
----------------------------------------
10 SHARED DISPOSITIVE POWER
102,911
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
102,911
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
-------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1. Security and Issuer.
The class of equity securities to which this statement relates is the
common stock, $0.0005 par value per share (the "Common Stock"), of Catalytica
Energy Systems, Inc., a Delaware corporation ("Catalytica Energy"). The
principal executive offices of Catalytica Energy are located at 430 Ferguson
Drive, Mountain View, CA 94043- 5273.
Item 2. Identity and Background.
This Schedule 13D is being filed jointly on behalf of the following persons
(collectively, the "Reporting Persons"): (1) Morgan Stanley Dean Witter & Co., a
Delaware corporation ("MSDW"), (2) Morgan Stanley Capital Partners III, Inc., a
Delaware corporation ("MSCP III, Inc."), (3) MSCP III, LLC, a Delaware limited
liability company, (4) Morgan Stanley Capital Partners III, L.P., a Delaware
limited partnership, (5) MSCP III 892 Investors, L.P., a Delaware limited
partnership, and (6) Morgan Stanley Capital Investors, L.P., a Delaware limited
partnership (Morgan Stanley Capital Partners III, L.P., MSCP III 892 Investors,
L.P. and Morgan Stanley Capital Investors, L.P. are collectively referred to
herein as the "Funds").
The general partner of each of the Funds is MSCP III, LLC. The corporate
managing member of MSCP III, LLC is MSCP III, Inc., a wholly-owned subsidiary of
MSDW.
The address of the principal business and the principal office of each of
the Reporting Persons (other than MSDW) is 1221 Avenue of the Americas, New
York, New York 10020. The address of the principal business and the principal
office of MSDW is 1585 Broadway, New York, New York 10036.
During the past five (5) years, neither any of the Reporting Persons nor,
to the best knowledge of any of the Reporting Persons, any of the other persons
listed on Schedules A and B attached hereto, has been (i) convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) or
(ii) 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 mandating activities subject to, Federal or State securities laws or finding
any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
Not applicable. The shares of Common Stock owned by the Funds were acquired
by the Funds in a distribution (the "Spin-Off") made by Catalytica, Inc., a
Delaware corporation and, prior to the Spin-Off, the parent company of
Catalytica Energy, to its common stockholders on December 15, 2000 of all of the
shares of Common Stock owned by it.
Item 4. Purpose of Transaction.
On July 31, 1997, Catalytica, Inc. issued and sold an aggregate of
30,000,000 shares of common stock to the Funds for an aggregate purchase price
of $120,000,000. On December 15, 2000, the Funds acquired 4,136,748 shares of
Common Stock in the Spin-Off and Catalytica Energy and the Funds entered into
the Stockholder Rights Agreement (the "Agreement") providing the Funds with the
board representation and registration rights described below.
Board Representation. The Agreement provides the Funds with the right to
cause Catalytica Energy to include as a nominee for Catalytica Energy's Board of
Directors, one director designated by the Funds for so long as the Funds own at
least 5% of the outstanding shares of Common Stock. The Agreement also provides
that the director designated by the Funds will be a member of each committee of
the Catalytica Energy Board of Directors for so long as the Funds own at least
5% of the outstanding shares of Common Stock.
Registration Rights. The Agreement provides the Funds with the right to
request that Catalytica Energy effect a registration (a "Registration Request")
of the shares of Common Stock held by the Funds with an aggregate offering price
of at least $15 million. The Funds are entitled to four Registration Requests.
No Registration Request
<PAGE>
may be made within six months of any other Registration Request. In addition, in
the event Catalytica Energy proposes to register any of its securities for its
own account or for the account of any of its other stockholders (other than
certain registrations relating solely to a stock option or other similar
employee benefit plan), the Funds will have the right, upon a timely request and
subject to a right of priority in favor of Catalytica Energy, to have the shares
of Common Stock held by the Funds included in such registration. All expenses of
registration will be borne by Catalytica Energy, but any underwriters' fees,
discounts or commissions will be borne solely by the Funds.
As a result of its ownership of the shares of Common Stock, the Funds will
be able to exercise significant influence over all matters requiring stockholder
approval, including the election of directors and approval of all significant
corporate transactions such as any merger, consolidation or sale of all or
substantially all of Catalytica Energy's assets. Such concentration of
ownership, together with the Funds' board representation described above, may
have the effect of delaying or preventing a change of control of Catalytica
Energy and could allow the Funds to prevent significant corporate transactions.
Subject to market conditions and other factors, the Funds or other
affiliates of MSDW may acquire or dispose of shares of Catalytica Energy from
time to time in future open-market, privately negotiated or other transactions.
Item 5. Interest in Securities of the Issuer.
In the Spin-Off, the Funds acquired and, for purposes of Rule 13d-3
promulgated under the Securities Exchange Act of 1934, as amended, may be deemed
to beneficially own, in the aggregate 4,136,748 shares of Common Stock, or
approximately 32% of the outstanding shares of Common Stock.
Each of MSDW, MSCP III, Inc. and MSCP III, LLC may be deemed to have shared
voting and dispositive power with respect to the shares of Common Stock
beneficially owned by the Funds.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
See response to Item 4. A copy of the Agreement is attached hereto as
Exhibit 2 and is incorporated herein by reference.
Item 7. Material to be Filed as Exhibits.
Exhibit 1: Joint Filing Agreement among the Reporting Persons
Exhibit 2: Stockholder Rights Agreement dated as of December 15, 2000 among
Catalytica Energy and the Funds
<PAGE>
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: December 26, 2000
MORGAN STANLEY DEAN WITTER & CO.
By: /s/ Peter R. Vogelsang
-----------------------------
Name: Peter R. Vogelsang
Title: Authorized Signatory
<PAGE>
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: December 26, 2000
MORGAN STANLEY CAPITAL PARTNERS III, INC.
By: /s/ Peter R. Vogelsang
-----------------------------
Name: Peter R. Vogelsang
Title: Secretary
<PAGE>
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: December 26, 2000
MSCP III, LLC
By: Morgan Stanley Capital Partners III, Inc.,
as Member
By: /s/ Peter R. Vogelsang
-----------------------------
Name: Peter R. Vogelsang
Title: Secretary
<PAGE>
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: December 26, 2000
MSCP III 892 INVESTORS, L.P.
By: MSCP III, LLC,
as General Partner
By: Morgan Stanley Capital Partners III, Inc.,
as Member
By: /s/ Peter R.Vogelsang
-----------------------------
Name: Peter R. Vogelsang
Title: Secretary
<PAGE>
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: December 26, 2000
MORGAN STANLEY CAPITAL PARTNERS III, L.P.
By: MSCP III, LLC,
as General Partner
By: Morgan Stanley Capital Partners III, Inc.,
as Member
By: /s/ Peter R. Vogelsang
-----------------------------
Name: Peter R. Vogelsang
Title: Secretary
<PAGE>
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: December 26, 2000
MORGAN STANLEY CAPITAL INVESTORS, L.P.
By: MSCP III, LLC,
as General Partner
By: Morgan Stanley Capital Partners III, Inc.,
as Member
By: /s/ Peter R.Vogelsang
-----------------------------
Name: Peter R. Vogelsang
Title: Secretary
<PAGE>
SCHEDULE A
Executive Officers and Directors
of
Morgan Stanley Capital Partners III, Inc.
The names of the Directors and the names and titles of the Executive
Officers of Morgan Stanley Capital Partners III, Inc. ("MSCP III, Inc.") are set
forth below. The principal occupation for each of the persons listed below is
Managing Director of Morgan Stanley & Co. Incorporated. If no address is given,
the Director's or Executive Officer's business address is that of Morgan Stanley
& Co. Incorporated at 1221 Avenue of the Americas, New York, New York 10020.
Unless otherwise indicated, each title set forth opposite an individual's name
refers to MSCP III, Inc. and each individual is a United States citizen.
Name, Business Address Executive Officer Title
---------------------- -----------------------
* Alan E. Goldberg Chairman, Chief Executive Officer and
Managing Director
* Karen H. Bechtel Managing Director
* Bernard Gault Managing Director
* James S. Hoch Managing Director
* Howard I. Hoffen Managing Director
* Michael C. Hoffman Managing Director
* Michael M. Janson Managing Director
Kenneth F. Clifford Chief Financial Officer, Treasurer and
Managing Director
-----------------
*Director
<PAGE>
SCHEDULE B
Executive Officers and Directors
of
Morgan Stanley Dean Witter & Co.
The names of the Directors and the names and titles of the Executive
Officers of Morgan Stanley Dean Witter & Co. ("MSDW") and their business
addresses and principal occupations are set forth below. If no address is given,
the Director's or Executive Officer's business address is that of MSDW at 1585
Broadway, New York, New York 10036. Unless otherwise indicated, each occupation
set forth opposite an individual's name refers to MSDW and each individual is a
United States citizen.
Name, Business Address Present Principal Occupation
---------------------- ----------------------------
* Philip J. Purcell Chairman of the Board and Chief
Executive Officer
* John J. Mack President and Chief Operating Officer
* Robert P. Bauman Retired; former Chief Executive
British Aerospace plc Officer of Smithkline Beecham plc
1 Brewers Green
Buckingham Gate
London SW1H ORH
* Edward A. Brennan Retired; former Chairman of the Board,
President and Chief Executive
Officer of Sears
* C. Robert Kidder Chairman of the Board and Chief
Borden Inc. Executive Officer of Borden, Inc.
180 East Broad Street
Colombus, OH 43215
* Miles L. Marsh Chairman of the Board and Chief
James River Corporation Executive Officer of Fort James
800 Connecticut Avenue Corporation
Riverpark
Norwalk, CT 06856
* Michael A. Miles Special Limited Partner of Forstmann
1350 Lake Road Little & Co.
Lake Forest, IL 60045
* Charles F. Knight Chief Executive Officer of Emerson
Electric Co.
* Clarence B. Rogers, Jr. Retired; former Chairman of the Board
Equifax, Inc. and Chief Executive Officer of
1600 Peachtree Street, N.W. Equifax, Inc.
Atlanta, GA 30309
* Laura D'Andrea Tyson Dean of the Walter A. Haas School of
Haas School of Business Business at the University of
Room S545 California, Berkeley
Berkeley, CA 94720-1900
Richard M. DeMartini Head of International Private Client
Group
<PAGE>
Kenneth M. deRegt Head of Worldwide Fixed Income Group
James F. Higgins Head of Private Client Group
Peter F. Karches Head of Institutional Securities Group
Donald G. Kempf, Jr. Executive Vice President, Chief Legal
Officer and Secretary
Mitchell M. Merin President and Chief Operating Officer
of the Asset Management Group
David W. Nelms President and Chief Operating Officer
of Discover Financial Services
Stephan F. Newhouse Deputy Head of Institutional
Securities Group
Vikram S. Pandit Head of Worldwide Institutional
Equities Group
Joseph R. Perella Head of Worldwide Investment Banking
Group
John H. Schaefer Executive Vice President and Chief
Strategic and Administrative Officer
Robert G. Scott Executive Vice President and Chief
Financial Officer
Sir David A. Walker Head of European Business
--------------
* Director
