GOLDMAN SACHS GROUP LP
SC 13G, 1999-03-19
Previous: PFL WRIGHT VARIABLE ANNUITY ACCOUNT, 24F-2NT, 1999-03-19
Next: GOLDMAN SACHS GROUP LP, SC 13G/A, 1999-03-19



<PAGE>


                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G
                    Under the Securities Exchange Act of 1934
                                 



              Select Appointments (Holdings) Public Limited Company
- -------------------------------------------------------------------------------
                                (Name of Issuer)



                       Ordinary Shares, 10 pence par value
- -------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    81617E203
                  --------------------------------------------
                                 (CUSIP Number)





                                  March 8, 1999
- -------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)


Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

[_] Rule 13d-1(b)

[X] Rule 13d-1(c)

[_] Rule 13d-1(d)



                               Page 1 of 11 pages
<PAGE>

- -----------------------
  CUSIP No. 81617E203                   13G
- -----------------------

- ------------------------------------------------------------------------------
 1.   Name of Reporting Person
      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

- ------------------------------------------------------------------------------
                     5.   Sole Voting Power
                     
     Number of                 0

      Shares        ----------------------------------------------------------
                     6.   Shared Voting Power
   Beneficially      
                               5,714,385
     Owned by
                    ----------------------------------------------------------
       Each          7.   Sole Dispositive Power
                     
    Reporting                  0

      Person        ----------------------------------------------------------
                     8.   Shared Dispositive Power
       With:          
                               6,420,379

- ------------------------------------------------------------------------------
 9.   Aggregate Amount Beneficially Owned by Each Reporting Person
 
           6,420,379

- ------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares

                                                                    [_]

- ------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

           6.1%

- ------------------------------------------------------------------------------
12.   Type of Reporting Person

           BD-PN-IA

- ------------------------------------------------------------------------------

                      

                               Page 2 of 11 pages
<PAGE>

- -----------------------
  CUSIP No. 81617E203                   13G
- -----------------------

- ------------------------------------------------------------------------------
 1.   Name of Reporting Person
      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

- ------------------------------------------------------------------------------
                     5.   Sole Voting Power
                     
     Number of                 0

      Shares        ----------------------------------------------------------
                     6.   Shared Voting Power
   Beneficially      
                               7,612,753
     Owned by
                    ----------------------------------------------------------
       Each          7.   Sole Dispositive Power
                     
    Reporting                  0

      Person        ----------------------------------------------------------
                     8.   Shared Dispositive Power
       With:          
                               8,318,747

- ------------------------------------------------------------------------------
 9.   Aggregate Amount Beneficially Owned by Each Reporting Person
 
           8,318,747

- ------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares

                                                                    [_]

- ------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

           7.9%

- ------------------------------------------------------------------------------
12.   Type of Reporting Person

           HC-PN

- ------------------------------------------------------------------------------

                      

                               Page 3 of 11 pages
<PAGE>

- -----------------------
  CUSIP No. 81617E203                   13G
- -----------------------

- ------------------------------------------------------------------------------
 1.   Name of Reporting Person
      I.R.S. Identification No. of above Person

           Goldman Sachs Equity Securities (U.K.)

- ------------------------------------------------------------------------------
 2.   Check the Appropriate Box if a Member of a Group
                                                                (a) [_]
                                                                (b) [_]

- ------------------------------------------------------------------------------
 3.   SEC Use Only
 


- ------------------------------------------------------------------------------
 4.   Citizenship or Place of Organization
 
           United Kingdom

- ------------------------------------------------------------------------------
                     5.   Sole Voting Power
                     
     Number of                 0

      Shares        ----------------------------------------------------------
                     6.   Shared Voting Power
   Beneficially      
                               1,898,368
     Owned by
                    ----------------------------------------------------------
       Each          7.   Sole Dispositive Power
                     
    Reporting                  0

      Person        ----------------------------------------------------------
                     8.   Shared Dispositive Power
       With:          
                               1,898,368

- ------------------------------------------------------------------------------
 9.   Aggregate Amount Beneficially Owned by Each Reporting Person
 
           1,898,368

- ------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares

                                                                    [_]

- ------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

           1.8%

- ------------------------------------------------------------------------------
12.   Type of Reporting Person

           OO

- ------------------------------------------------------------------------------

                      

                               Page 4 of 11 pages
<PAGE>

- -----------------------
  CUSIP No. 81617E203                   13G
- -----------------------

- ------------------------------------------------------------------------------
 1.   Name of Reporting Person
      I.R.S. Identification No. of above Person

           CIN Management

- ------------------------------------------------------------------------------
 2.   Check the Appropriate Box if a Member of a Group
                                                                (a) [_]
                                                                (b) [_]

- ------------------------------------------------------------------------------
 3.   SEC Use Only
 


- ------------------------------------------------------------------------------
 4.   Citizenship or Place of Organization
 
           United Kingdom

- ------------------------------------------------------------------------------
                     5.   Sole Voting Power
                     
     Number of                 0

      Shares        ----------------------------------------------------------
                     6.   Shared Voting Power
   Beneficially      
                               2,094,662
     Owned by
                    ----------------------------------------------------------
       Each          7.   Sole Dispositive Power
                     
    Reporting                  0

      Person        ----------------------------------------------------------
                     8.   Shared Dispositive Power
       With:          
                               2,094,662

- ------------------------------------------------------------------------------
 9.   Aggregate Amount Beneficially Owned by Each Reporting Person
 
           2,094,662

- ------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares

                                                                    [_]

- ------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

           2.0%

- ------------------------------------------------------------------------------
12.   Type of Reporting Person

           OO

- ------------------------------------------------------------------------------

                      

                               Page 5 of 11 pages
<PAGE>
 
Item 1(a).         Name of Issuer:
                   Select Appointments (Holdings) Public Limited Company

Item 1(b).         Address of Issuer's Principal Executive Offices:
                   Ziggurat
                   Grosvenor Road
                   St. Albans, AL1 3HW, Hertfordshire
                   England

Item 2(a).         Name of Persons Filing:
                   Goldman, Sachs & Co., The Goldman Sachs Group, L.P.,
                   Goldman Sachs Equity Securities (U.K.) and CIN Management

Item 2(b).         Address of Principal Business Office or, if none, Residence:

                   for Goldman, Sachs & Co. and The Goldman Sachs Group, L.P.:
                   85 Broad Street
                   New York, NY  10004

                   for Goldman Sachs Equity Securities (U.K.)
                   and CIN Management:
                   133 Fleet Street 
                   London EC4A 2BB, England

Item 2(c).         Citizenship:
                   Goldman, Sachs & Co. - New York
                   The Goldman Sachs Group, L.P. - Delaware
                   Goldman Sachs Equity Securities (U.K.) - United Kingdom 
                   CIN Management - United Kingdom

Item 2(d).         Title of Class of Securities:
                   Ordinary Shares, 10 pence par value

Item 2(e).         CUSIP Number:
                   81617E203

Item 3.            Not applicable.  This Schedule 13G was filed pursuant to Rule
                   13d-1(c).

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).

- --------------------------
       * The  Goldman  Sachs  Group, L.P.  ("GS  Group"),  Goldman,  Sachs & Co.
("Goldman  Sachs")  and  CIN Management  ("CINMan")  each  disclaim   beneficial
ownership of  the securities beneficially owned by  (i) any client accounts with
respect to which  Goldman  Sachs,  CINMan,  or employees  thereof have voting or
investment discretion,  or both and (ii) certain investment entities, of which a
subsidiary of GS Group or Goldman Sachs is the general partner, managing general
partner or other manager,  to the extent  interests in such entities are held by
persons other than GS Group, Goldman Sachs or their affiliates.



                               Page 6 of 11 pages
<PAGE>

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.
                             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  not
                   acquired and  are not  held  for the  purpose of  or with the
                   effect of changing  or influencing  the control of the issuer
                   of the securities and were not acquired and are not  held  in
                   connection with or as a participant in any transaction having
                   that purpose or effect.



                               Page 7 of 11 pages
<PAGE>



                                    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:  March 18, 1999



GOLDMAN, SACHS & CO.                      THE GOLDMAN SACHS GROUP, L.P     
                                          
By:/s/ Hans L. Reich                      By:/s/ Hans L. Reich
- ---------------------------------         ---------------------------------    
Name:  Hans L. Reich                      Name:  Hans L. Reich
Title: Attorney-in-fact                   Title: Attorney-in-fact



GOLDMAN SACHS EQUITY SECURITIES (U.K.)    CIN MANAGEMENT
                            
By:/s/ Hans L. Reich                      By:/s/ Theodore T. Sotir
- ---------------------------------         ---------------------------------     
Name:  Hans L. Reich                      Name:  Theodore T. Sotir 
Title: Attorney-in-fact                   Title: Director


 
                               Page 8 of 11 pages
<PAGE>

 

                               INDEX TO EXHIBITS




Exhibit No.        Exhibit
- -----------        -------

  99.1             Joint Filing Agreement, dated March 18, 1999, between Goldman
                   Sachs & Co.,  The  Goldman Sachs Group, L.P.,  Goldman  Sachs
                   Equity Securities (U.K.) and CIN Management

 99.2              Item 7 Information



                               Page 9 of 11 pages
<PAGE>
 
                                                                  EXHIBIT (99.1)



                             JOINT FILING AGREEMENT



     In  accordance  with Rule  13d-1(k)(1)  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
Ordinary Shares,  10 pence par value, of Select  Appointments  (Holdings) Public
Limited Company, 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:  March 18, 1999



GOLDMAN, SACHS & CO.                      THE GOLDMAN SACHS GROUP, L.P     
                                          
By:/s/ Hans L. Reich                      By:/s/ Hans L. Reich
- ---------------------------------         ---------------------------------    
Name:  Hans L. Reich                      Name:  Hans L. Reich
Title: Attorney-in-fact                   Title: Attorney-in-fact



GOLDMAN SACHS EQUITY SECURITIES (U.K.)    CIN MANAGEMENT
                            
By:/s/ Hans L. Reich                      By:/s/ Theodore T. Sotir
- ---------------------------------         ---------------------------------     
Name:  Hans L. Reich                      Name:  Theodore T. Sotir 
Title: Attorney-in-fact                   Title: Director



                               Page 10 of 11 pages


<PAGE>
 
                                                                  EXHIBIT (99.2)



                               ITEM 7 INFORMATION



     The securities being reported on by  The  Goldman  Sachs  Group,  L.P. ("GS
Group"),  as a parent  holding  company,  are  owned  by  Goldman  Sachs  Equity
Securities (U.K.) ("GSES"), a United Kingdom unlimited company, or are owned, or
may be deemed to be beneficially  owned, by CIN Management ("CINMan"),  a United
Kingdom fund manager,  or Goldman,  Sachs & Co. ("Goldman  Sachs"),  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.  GSES and
CINMan are indirect wholly owned subsidiaries of GS Group. GS Group is a general
partner of and owns a 99% interest in Goldman Sachs.



                               Page 11 of 11 pages


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission