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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
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(Name of Issuer)
Ordinary Shares, 10 pence par value
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(Title of Class of Securities)
81617E203
--------------------------------------------
(CUSIP Number)
March 8, 1999
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(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
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CUSIP No. 81617E203 13G
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1. Name of Reporting Person
I.R.S. Identification No. of above Person
Goldman, Sachs & 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. Citizenship or Place of Organization
New York
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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
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
6,420,379
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
[_]
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11. Percent of Class Represented by Amount in Row (9)
6.1%
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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. 81617E203 13G
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1. Name of Reporting Person
I.R.S. Identification No. of above Person
The Goldman Sachs Group, L.P.
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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. Citizenship or Place of Organization
Delaware
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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
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
8,318,747
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
[_]
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11. Percent of Class Represented by Amount in Row (9)
7.9%
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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. 81617E203 13G
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1. Name of Reporting Person
I.R.S. Identification No. of above Person
Goldman Sachs Equity Securities (U.K.)
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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. Citizenship or Place of Organization
United Kingdom
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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
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,898,368
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
[_]
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11. Percent of Class Represented by Amount in Row (9)
1.8%
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12. Type of Reporting Person
OO
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Page 4 of 11 pages
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CUSIP No. 81617E203 13G
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1. Name of Reporting Person
I.R.S. Identification No. of above Person
CIN Management
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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. Citizenship or Place of Organization
United Kingdom
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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
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,094,662
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
[_]
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11. Percent of Class Represented by Amount in Row (9)
2.0%
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12. Type of Reporting Person
OO
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Page 5 of 11 pages
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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
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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
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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: March 18, 1999
GOLDMAN, SACHS & CO. THE GOLDMAN SACHS GROUP, L.P
By:/s/ Hans L. Reich By:/s/ Hans L. Reich
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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
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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
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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
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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
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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