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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Panavision Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
69830E 10 0
- --------------------------------------------------------------------------------
(CUSIP Number)
*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 the
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 9 Pages
<PAGE>2
- ---------------------- -----------------
CUSIP No. 69830E 10 0 13G Page 2 of 9 Pages
- ---------------------- -----------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Capital Company, L.P. I.D.# 06-1183391
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 12,717,000
OWNED BY
EACH ------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
12,717,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,717,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
70.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>3
- ---------------------- -----------------
CUSIP No. 69830E 10 0 13G Page 3 of 9 Pages
- ---------------------- -----------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus & Co. I.D.# 13-6358475
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 12,717,000
OWNED BY
EACH
------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
12,717,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,717,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
70.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>4
- ---------------------- -----------------
CUSIP No. 69830E 10 0 13G Page 4 of 9 Pages
- ---------------------- -----------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
E.M. Warburg, Pincus & Co., LLC I.D.# 13-3536050
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 12,717,000
OWNED BY
EACH ------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
12,717,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,717,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
70.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>5
Item 1(a). Name of Issuer:
- --------- --------------
Panavision Inc. (the "Issuer")
Item 1(b). Address of Issuer's Principal Executive Offices:
- --------- -----------------------------------------------
6219 De Soto Avenue
Woodland Hills, CA 91367
Items 2(a) Name of Person Filing; Address of Principal
and (b). Business Office:
- ------- -------------------------------------------
This statement is filed by and on behalf of (a) Warburg, Pincus
Capital Company, L.P., a Delaware limited partnership ("WPCC");
(b) Warburg, Pincus & Co., a New York general partnership ("WP");
and (c) E.M. Warburg, Pincus & Co., LLC, a New York limited
liability company ("EMW LLC"), which manages WPCC. WP, as the sole
general partner of WPCC, has a 20% interest in the profits of
WPCC. Lionel I. Pincus is the managing partner of WP and the
managing member of EMW LLC and may be deemed to control both WP
and EMW LLC. The members of EMW LLC are substantially the same as
the partners of WP. The business address of each of the foregoing
is 466 Lexington Avenue, New York, New York 10017.
Item 2(c). Citizenship:
- --------- -----------
Not Applicable
Item 2(d). Title of Class of Securities:
- --------- ----------------------------
Common Stock, par value $0.01 per share (the "Common Stock")
Item 2(e). CUSIP Number:
- --------- ------------
69830E 10 0
Item 3. Not Applicable
- ------
Item 4. Ownership:
- ------ ---------
(a) 12,717,000 shares of Common Stock, as of December 31, 1996.
(b) 70.0%
Page 5 of 9 Pages
<PAGE>6
(c) (i) -0-
(ii) 12,717,000
(iii) -0-
(iv) 12,717,000
Item 5. Ownership of Five Percent or Less of a Class:
- ------ --------------------------------------------
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another
- ------ Person:
---------------------------------------------------------
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which
- ------ Acquired the Security Being Reported on By the Parent Holding
Company:
------------------------------------------------------------------
Not Applicable
Item 8. Identification and Classification of
- ------ Members of the Group:
------------------------------------
Not Applicable
Item 9. Notice of Dissolution of Group:
- ------ ------------------------------
Not Applicable
Item 10. Certification:
- ------- -------------
Not Applicable
Page 6 of 9 Pages
<PAGE>7
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.
Dated: February 14, 1997
WARBURG, PINCUS CAPITAL COMPANY, L.P.
By: Warburg, Pincus & Co., General Partner
By: /s/ Stephen Distler
----------------------------------------
Stephen Distler, Partner
WARBURG, PINCUS & CO.
By: /s/ Stephen Distler
----------------------------------------
Stephen Distler, Partner
E.M. WARBURG, PINCUS & CO., LLC
By: /s/ Stephen Distler
----------------------------------------
Stephen Distler, Member
Page 7 of 9 Pages
<PAGE>8
EXHIBITS
Exhibit 1 Joint Filing Agreement, dated February 14, 1997, among the
signatories to this Schedule 13G.
Page 8 of 9 Pages
<PAGE>9
Exhibit 1
JOINT FILING AGREEMENT
PURSUANT TO RULE 13d-1(f)(1)
----------------------------
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
filing agreements. The undersigned acknowledge that each shall be responsible
for the timely filing of such amendments, and for the completeness and accuracy
of the information concerning it contained therein, but shall not be responsible
for the completeness and accuracy of the information concerning the others,
except to the extent that it knows or has reason to believe that such
information is inaccurate. This Agreement may be executed in any number of
counterparts and all of such counterparts taken together shall constitute one
and the same instrument.
Dated: February 14, 1997
WARBURG, PINCUS CAPITAL COMPANY, L.P.
By: Warburg, Pincus & Co., General Partner
By: /s/ Stephen Distler
----------------------------------------
Stephen Distler, Partner
WARBURG, PINCUS & CO.
By: /s/ Stephen Distler
----------------------------------------
Stephen Distler, Partner
E.M. WARBURG, PINCUS & CO., LLC
By: /s/ Stephen Distler
----------------------------------------
Stephen Distler, Member
Page 9 of 9 Pages
