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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No. 2
Benihana Inc.
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(Name of Issuer)
Class A Common Stock, $.10 par value
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(Title of Class of Securities)
082047200
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(CUSIP Number)
Page 1 of 11 Pages
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CUSIP NO.
082047200
- --------------------
- -------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Goldman, Sachs & Co.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
-----
(b)
-----
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or place of Organization
New York
- --------------------------------------------------------------
Number of 5. Sole Voting Power
Shares
Beneficially 0
-----------------------------------------
Owned By 6. Shared Voting Power
Each
Reporting 468,600
-----------------------------------------
Person With 7. Sole Dispositive Power
0
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8. Shared Dispositive Power
604,100
-----------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
604,100
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
24.0%
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12. Type of Reporting Person
BD-PN-IA
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Page 2 of 11 Pages
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CUSIP NO.
082047200
- --------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Goldman Sachs Group, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
-----
(b)
-----
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or place of Organization
Delaware
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Number of 5. Sole Voting Power
Shares
Beneficially 0
-----------------------------------------
Owned By 6. Shared Voting Power
Each
Reporting 468,600
-----------------------------------------
Person With 7. Sole Dispositive Power
0
-----------------------------------------
8. Shared Dispositive Power
604,100
-----------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
604,100
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
24.0%
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12. Type of Reporting Person
HC-PN
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Page 3 of 11 Pages
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CUSIP NO.
082047200
- --------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Managers Funds on behalf of
Managers Special Equity Fund
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
-----
(b)
-----
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or place of Organization
Massachusetts
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Number of 5. Sole Voting Power
Shares
Beneficially 0
-----------------------------------------
Owned By 6. Shared Voting Power
Each
Reporting 134,400
-----------------------------------------
Person With 7. Sole Dispositive Power
0
-----------------------------------------
8. Shared Dispositive Power
134,400
-----------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
134,400
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
5.3%
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12. Type of Reporting Person
IC
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Page 4 of 11 Pages
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Item 1(a). Name of Issuer:
Benihana Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
8685 NW 53rd Terrace
Miami, FL 33166
Item 2(a). Name of Persons Filing:
The Goldman Sachs Group, L.P., Goldman, Sachs & Co.
and The Managers Funds on behalf of Managers Special Equity Fund
Item 2(b). Address of Principal Business Office or, if None, Residence:
for the Goldman Sachs Group, L.P. and Goldman, Sachs & Co.:
85 Broad Street, New York, NY 10004
for The Managers Funds:
40 Richards Avenue, Norwalk, CT 06854
Item 2(c). Citizenship:
The Goldman Sachs Group, L.P. - Delaware
Goldman, Sachs & Co. - New York
The Managers Funds - Massachusetts
Item 2(d). Title and Class of Securities:
Class A Common Stock, $.10 par value
Item 2(e). CUSIP Number:
082047200
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-
2(b), check whether the person filing is a :
(a).X Broker or dealer registered under Section 15 of the Act,
Goldman, Sachs & Co.
(b). Bank as defined in Section 3(a)(6) of the Act,
(c). Insurance Company as defined in Section 3(a)(19) of the Act,
(d).X Investment Company registered under Section 8 of the Investment
Company Act,
The Managers Funds on behalf of Managers Special
Equity Fund
Page 5 of 11 Pages
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(e).X Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940,
Goldman, Sachs & Co.
(f). Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund; see 13d-1(b)(1)(ii)(F),
(g).X Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G);
see Item 7,
The Goldman Sachs Group, L.P.
(h). Group, in accordance with Rule 13d-1(b)(ii)(H).
Item 4. Ownership.*
(a). Amount beneficially owned:
See the response(s) to Item 9 on the attached cover page(s).
(b). Percent of Class:
See the response(s) to Item 11 on the attached cover page(s).
(c). Number of shares as to which such person has:
(i). Sole power to vote or to direct the vote:
See the response(s) to Item 5 on the attached cover page(s).
(ii). Shared power to vote or to direct the vote:
See the response(s) to Item 6 on the attached cover page(s).
(iii). Sole power to dispose or to direct the disposition of:
See the response(s) to Item 7 on the attached cover page(s).
(iv). Shared power to dispose or to direct the disposition of:
See the response(s) to Item 8 on the attached cover page(s).
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable
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* The Goldman Sachs Group, L.P. ("GS Group") and Goldman, Sachs & Co.
("Goldman Sachs") each disclaim beneficial ownership of the Class A Common Stock
beneficially owned by (i) managed accounts and (ii) certain investment limited
partnerships, of which a subsidiary of GS Group or Goldman Sachs is the general
partner or managing general partner, to the extent partnership interests in such
partnerships are held by persons other than GS Group, Goldman Sachs or their
affiliates.
Page 6 of 11 Pages
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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.
See exhibit (99.2)
Item 8. Identification and Classification of Members of the Group.
Not Applicable
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certification.
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above were acquired in the ordinary course of
business and were not acquired for the purpose of
and do not have the effect of changing or
influencing the control of the issuer of such
securities and were not acquired in connection with
or as a participant in any transaction having such
purpose or effect.
Page 7 of 11 Pages
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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.
Date: February 10, 1998
THE GOLDMAN SACHS GROUP, L.P.
By: /s/ Hans L. Reich
-----------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
GOLDMAN, SACHS & CO.
By: /s/ Hans L. Reich
-----------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
THE MANAGERS FUNDS on behalf of
Managers Special Equity Fund
By: /s/ Hans L. Reich
-----------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
Page 8 of 11 Pages
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INDEX TO EXHIBITS
Exhibit No. Exhibit
- ----------- -------
99.1 Joint Filing Agreement, dated February 10, 1998, between The
Goldman Sachs Group, L.P., Goldman, Sachs & Co. and The
Managers Funds on behalf of Managers Special Equity Fund
99.2 Item 7 Information
Page 9 of 11 Pages
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EXHIBIT (99.1)
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) promulgated under the Securities
Exchange Act of 1934, the undersigned agree to the joint filing of a
Statement on Schedule 13G (including any and all amendments thereto) with
respect to the shares of Class A Common Stock, $.10 par value of Benihana
Inc., and further agree to the filing of this agreement as an Exhibit
thereto. In addition, each party to this Agreement expressly authorizes
each other party to this Agreement to file on its behalf any and all
amendments to such Statement on Schedule 13G.
Date: February 10, 1998
THE GOLDMAN SACHS GROUP, L.P.
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
GOLDMAN, SACHS & CO.
By: /s/ Hans L. Reich
---------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
THE MANAGERS FUNDS on behalf of
Managers Special Equity Fund
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
Page 10 of 11 Pages
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EXHIBIT (99.2)
ITEM 7 INFORMATION
Goldman, Sachs & Co. is a broker or dealer registered under Section 15
of the Act and an investment adviser registered under Section 203 of the
Investment Advisers Act of 1940.
The Managers Funds is an Investment Company registered under Section 8
of the Investment Company Act.
Page 11 of 11 Pages
