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UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
DecisionOne Holdings Corp.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.01 Par Value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
243456100
--------------------
(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 in 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>
CUSIP No. 243456100 13G Page 2 of 9
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J.H. WHITNEY & CO., A NEW YORK LIMITED PARTNERSHIP (IRS
IDENTIFICATION NO. 13-1534455),
THE GENERAL PARTNERS OF WHICH ARE MICHAEL C. BROOKS, PETER M.
CASTLEMAN, JEFFREY R. JAY, WILLIAM LAVERACK, JR., RAY E. NEWTON,
III, DANIEL J. O'BRIEN, BENNO C. SCHMIDT, MICHAEL R. STONE AND
WHITNEY GENERAL PARTNER, L.L.C.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
A NEW YORK LIMITED PARTNERSHIP. ALL INDIVIDUAL GENERAL PARTNERS ARE
UNITED STATES CITIZENS. WHITNEY GENERAL PARTNER, L.L.C. IS A
DELAWARE LIMITED LIABILITY COMPANY.
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
1,255,204 shares 4.5%
Number of --------------------------------------------------
Shares
Beneficially 6 SHARED VOTING POWER
Owned By 3,054,617 shares 11.0%
Each --------------------------------------------------
Reporting
Person 7 SOLE DISPOSITIVE POWER
With 1,255,204 shares 4.5%
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares 0%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,309,821 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
|X|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 243456100 13G Page 3 of 9
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WHITNEY 1990 EQUITY FUND, L.P., A DELAWARE LIMITED PARTNERSHIP
(IRS IDENTIFICATION NO. 06-1305466), THE GENERAL PARTNERS OF WHICH
ARE MICHAEL C. BROOKS, PETER M. CASTLEMAN, JEFFREY R. JAY, WILLIAM
LAVERACK, JR., RAY E. NEWTON, III, DANIEL J. O'BRIEN, BENNO C.
SCHMIDT AND MICHAEL R. STONE.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
A DELAWARE LIMITED PARTNERSHIP. ALL GENERAL PARTNERS ARE UNITED
STATES CITIZENS.
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
1,121,095 shares 4.0%
Number of --------------------------------------------------
Shares 6 SHARED VOTING POWER
Beneficially 0 shares 0%
Owned By --------------------------------------------------
Each 7 SOLE DISPOSITIVE POWER
Reporting 1,121,095 shares 4.0%
Person --------------------------------------------------
With 8 SHARED DISPOSITIVE POWER
0 shares 0%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,121,095 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
|X|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 243456100 13G Page 4 of 9
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WHITNEY SUBORDINATED DEBT FUND, L.P., A DELAWARE LIMITED PARTNERSHIP
(IRS NO. 13-3526570), THE GENERAL PARTNERS OF WHICH ARE MICHAEL C.
BROOKS, PETER M. CASTLEMAN, JAMES H. FORDYCE, JEFFREY R. JAY,
WILLIAM LAVERACK, JR., RAY E. NEWTON, III, DANIEL J. O'BRIEN, BENNO
C. SCHMIDT AND MICHAEL R. STONE.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
A DELAWARE LIMITED PARTNERSHIP. ALL GENERAL PARTNERS ARE UNITED
STATES CITIZENS.
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
171,144 shares (issuable upon exercise
of warrant)
Number of 0.6%
Shares --------------------------------------------------
Beneficially 6 SHARED VOTING POWER
Owned By 0 shares 0%
Each --------------------------------------------------
Reporting 7 SOLE DISPOSITIVE POWER
Person 171,144 shares (issuable upon exercise
With of warrant)
0.6%
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares 0%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
171,144 shares (issuable upon exercise of warrant)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
|X|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.6%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
13G Page 5 of 9
Item 1(a). Name of Issuer:
DecisionOne Holdings Corp. (the "Issuer")
Item 1(b). Address of Issuer's Principal Executive Offices:
50 East Swedesford Road
Frazer, PA 19355
Item 2(a) Name of Person Filing:
(i) J. H. Whitney & Co. ("Whitney"), a New York
limited partnership. The names and business
addresses of the general partners of J. H.
Whitney & Co. are as follows: Michael C. Brooks,
Peter M. Castleman, Jeffrey R. Jay, William
Laverack, Jr., Ray E. Newton, III, Daniel J.
O'Brien, Michael R. Stone and Whitney General
Partner, L.L.C., the business address of each of
whom is 177 Broad Street, Stamford, CT 06901; and
Benno C. Schmidt whose business address is 630
Fifth Avenue, New York, NY 10111.
(ii) Whitney 1990 Equity Fund, L.P. ("Whitney Equity
Fund"), a Delaware limited partnership. The names
and business addresses of the general partners of
Whitney Equity Fund are as follows: Michael C.
Brooks, Peter M. Castleman, Jeffrey R. Jay,
William Laverack, Jr., Ray E. Newton, III, Daniel
J. O'Brien and Michael R. Stone, the business
address of each of whom is 177 Broad Street,
Stamford, CT 06901; and Benno C. Schmidt whose
business address is 630 Fifth Avenue, New York,
NY 10111.
(iii) Whitney Subordinated Debt Fund, L.P. ("Whitney
Debt Fund"), a Delaware limited partnership. The
names and business addresses of the general
partners of Whitney Debt Fund are as follows:
Michael C. Brooks, Peter M. Castleman, James H.
Fordyce, Jeffrey R. Jay, William Laverack, Jr.,
Ray E. Newton, III, Daniel J. O'Brien and Michael
R. Stone, the business address of each of whom is
177 Broad Street, Stamford, CT 06901; and Benno
C. Schmidt whose business address is 630 Fifth
Avenue, New York, NY 10111.
Item 2(b) Address of Principal Business Office, or, if none,
Residence:
(i) J.H. Whitney & Co.
177 Broad Street
Stamford, CT 06901
(ii) Whitney 1990 Equity Fund, L.P.
177 Broad Street
Stamford, CT 06901
<PAGE>
13G Page 6 of 9
(iii) Whitney Subordinated Debt Fund, L.P.
177 Broad Street
Stamford, CT 06901
Item 2(c) Citizenship:
(i) J. H. Whitney & Co. is a New York limited
partnership. All of its individual general
partners are citizens of the United States.
Whitney General Partner, L.L.C. is a Delaware
limited liability company.
(ii) Whitney Equity Fund is a Delaware limited
partnership. All of its general partners are
citizens of the United States.
(iii) Whitney Debt Fund is a Delaware limited
partnership. All of its general partners are
citizens of the United States.
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
243456100
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b), check whether the person filing is a:
Not Applicable
<PAGE>
13G Page 7 of 9
Item 4. Ownership.
The following information is provided as of May 9, 1997:
(a) Amount Beneficially Owned:
(i) Whitney is the beneficial owner of
4,309,821 shares*
(ii) Whitney Equity Fund is the beneficial
owner of 1,121,095, shares.*
(iii) Whitney Debt Fund is the beneficial
owner of 171,144 shares.*
(b) Percent of Class:
15.5% for Whitney;
4.0% for Whitney Equity Fund; and
0.6% for Whitney Debt Fund
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the
vote:
1,255,204 shares for Whitney;
1,121,095 shares for Whitney Equity
Fund; and
171,144 shares for Whitney Debt Fund
(ii) shared power to vote or to direct the
vote:
3,054,617 shares for J. H. Whitney &
Co.;
0 shares for Whitney Equity Fund; and
- -------------------------------
* The shares of Common Stock reported as owned by Whitney Debt
Fund are issuable upon the exercise of warrants held by Whitney
Debt Fund, which warrants are exercisable within sixty days of
the date hereof. 3,054,617 shares of Common Stock owned by
Whitney are subject to the terms of a Voting Agreement and
Irrevocable Proxy (the "Voting Agreement"), dated May 4, 1997,
among Quaker Holding Co. ("Quaker"), the Issuer, Whitney and
certain other shareholders of the Issuer, pursuant to which
Voting Agreement these shares may not be sold, transferred or
otherwise disposed of by Whitney and Whitney appointed Quaker as
Whitney's irrevocable proxy to vote for the approval and
adoption of a merger of Quaker with and into the Issuer. On
February 19, 1997 Whitney distributed 622,454 shares of Common
Stock to its partners. Does not include 214,123 shares of Common
Stock owned individually by the general partners of Whitney.
Does not include 4,000 shares of Common Stock issuable upon the
exercise of options held by Michael C. Brooks, a general partner
of Whitney, Whitney Equity Fund and Whitney Debt Fund, with
respect to which shares Whitney, Whitney Equity Fund and Whitney
Debt Fund disclaim beneficial ownership. Each of Whitney,
Whitney Equity Fund and Whitney Debt Fund disclaims beneficial
ownership of the shares of Common Stock owned by the others and
disclaims the existence of a group with respect to the Common
Stock of the Issuer.
<PAGE>
13G Page 8 of 9
0 shares for Whitney Debt Fund
(iii) sole power to dispose or to direct the
disposition of:
1,255,204 shares for J. H. Whitney &
Co.;
1,121,095 shares for Whitney Equity
Fund; and
171,144 shares for Whitney Debt Fund
(iv) shared power to dispose or to direct
the disposition of:
0 shares for J. H. Whitney & Co.;
0 shares for Whitney Equity Fund; and
0 shares for Whitney Debt Fund
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>
13G Page 9 of 9
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
each of the undersigned hereby certifies that the information set forth in this
statement is true, complete and correct.
Date: May 9, 1997 J.H. WHITNEY & CO.
/s/Daniel J. O'Brien
----------------------------------------
By: Daniel J. O'Brien, General Partner
WHITNEY 1990 EQUITY FUND, L.P.
/s/Daniel J. O'Brien
----------------------------------------
By: Daniel J. O'Brien, General Partner
WHITNEY SUBORDINATED DEBT FUND, L.P.
/s/Daniel J. O'Brien
----------------------------------------
By: Daniel J. O'Brien, General Partner
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001)
