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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
NTL Incorporated
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
629407 10 7
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(CUSIP Number)
December 31, 1998
(Date of Event Which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*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).
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- ------------------------ -------------------------
CUSIP No. 629407 10 7 13G Page 2 of 7 Pages
------------ --- ---
- ------------------------ -------------------------
- ------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Investors, L.P. 13-2673503
- ------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(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 3,833,286
OWNED BY ------ --------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
WITH
------ -------------------------------------------------------
8 SHARED DISPOSITIVE POWER
3,833,286
- ------- ------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,833,286
- ------- ------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[ ]
- ------- ------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.3%
- ------- ------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- ------- ------------------------------------------------------------------------
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CUSIP No. 629407 10 7 13G Page 3 of 7 Pages
------------ --- ---
- ------------------------ -------------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus & Co. 13-6358475
- ------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(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 3,979,632
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
3,979,632
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,979,632
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.6%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- ---------- ---------------------------------------------------------------------
<PAGE>
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CUSIP No. 629407 10 7 13G Page 4 of 7 Pages
------------ --- ---
- ------------------------ -------------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
E. M. Warburg, Pincus & Co., LLC 13-3536050
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(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 3,833,286
OWNED BY
------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
3,833,286
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,833,286
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.3%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
00
- ---------- ---------------------------------------------------------------------
<PAGE>
Item 1(a): Name of Issuer:
- ---------- ---------------
NTL Incorporated
Item 1(b): Address of Issuer's Principal Executive Offices:
- ---------- ------------------------------------------------
110 East 59th Street
New York, NY 10022
Item 2(a) Name of Person Filing
- --------- ---------------------
This statement is filed by and on behalf of (a) Warburg,
Pincus Investors, L.P., a Delaware limited partnership
("WPI"), which directly owns 3,833,286 shares of the Common
Stock, par value $.01 per share, of NTL Incorporated (the
"Common Stock"); (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 WPI. WP has a 20% interest in the profits of
WPI as the general partner. Lionel I. Pincus is the managing
partner of WP and the managing member of EMW LLC and may be
deemed also to control both WP and EMW LLC. The members of
EMW LLC are substantially the same as the partners of WP. As
of the date of this Statement, WP may be deemed to
beneficially own 146,346 shares of Common Stock held by its
asset management affiliate Warburg Pincus Asset Management,
Inc., which WP may be deemed to control. WP disclaims
beneficial ownership of such shares.
Item 2(b): Address of Principal Business Office:
---------- -------------------------------------
The business address of each of WPI, WP and EMW LLC is
466 Lexington Avenue, New York, New York 10017.
Item 2(c): Citizenship:
---------- ------------
Delaware
Item 2(d): Title of Class of Securities:
---------- -----------------------------
Common Stock
Item 2(e): CUSIP Number:
---------- -------------
629407 10 7
Item 3: If the reporting person is an investment advisor in
------- accordance with ss. 240.13d-1(B)(1)(ii)(E), check this box
[ ]
Page 5 of 7 Pages
<PAGE>
Item 4: Ownership:
- ------- ----------
Ownership of WP:
----------------
(a) 3,979,632 shares of Common Stock, as of the date
of this Statement
(b) 9.6%
(c) (i) -0-
(ii) 3,979,632
(iii) -0-
(iv) 3,979,632
Ownership of WPV and EMW LLC:
-----------------------------
(a) 3,833,286 shares of Common Stock, as of the date
of this Statement
(b) 9.3%
(c) (i) -0-
(ii) 3,833,286
(iii) -0-
(iv) 3,833,286
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 7 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.
Dated: February 10, 1999
WARBURG, PINCUS INVESTORS, 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>
EXHIBIT INDEX
-------------
Exhibit Title
- ------- -----
Exhibit 99.1: Joint Filing Agreement Pursuant to Rule 13d-1(k)(1)
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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 10, 1999
WARBURG, PINCUS INVESTORS, 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
