<PAGE>
--------------------------
OMB APPROVAL
--------------------------
OMB Number: 3235-0145
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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) and(d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2
(Amendment No. 2)1
Clinichem Development Inc.
(Name of Issuer)
Callable Class A Common Shares, no par value
(Title of Class of Securities)
186906103
(CUSIP Number)
February 11, 2000
(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)
- -------------------
1 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 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>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Partners, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ] **
** The reporting persons making this filing hold an aggregate of
260,200 Shares, which is 9.6 % of the class of securities.
The reporting person on this cover page, however, is a beneficial
owner only of the securities reported by it on this cover page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
================------=========================================================
NUMBER OF SOLE VOTING POWER
SHARES 5 -0-
================------=========================================================
BENEFICIALLY SHARED VOTING POWER
OWNED BY 6 42,500
================------=========================================================
EACH SOLE DISPOSITIVE POWER
REPORTING 7 -0-
================------=========================================================
PERSON WITH SHARED DISPOSITIVE POWER
8 42,500
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,500
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.6 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 27 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ] **
** The reporting persons making this filing hold an aggregate of
260,200 Shares, which is 9.6 % of the class of securities.
The reporting person on this cover page, however, is a beneficial
owner only of the securities reported by it on this cover page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
================------=========================================================
NUMBER OF SOLE VOTING POWER
SHARES 5 -0-
================------=========================================================
BENEFICIALLY SHARED VOTING POWER
OWNED BY 6 70,000
================------=========================================================
EACH SOLE DISPOSITIVE POWER
REPORTING 7 -0-
================------=========================================================
PERSON WITH SHARED DISPOSITIVE POWER
8 70,000
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,000
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.6 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 27 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners II, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ] **
** The reporting persons making this filing hold an aggregate of
260,200 Shares, which is 9.6 % of the class of securities.
The reporting person on this cover page, however, is a beneficial
owner only of the securities reported by it on this cover page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
================------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
================------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 15,400
================------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
================------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
15,400
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,400
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.6 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 27 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners III, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ] **
** The reporting persons making this filing hold an aggregate of
260,200 Shares, which is 9.6 % of the class of securities.
The reporting person on this cover page, however, is a beneficial
owner only of the securities reported by it on this cover page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
================------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
================------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 13,000
================------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
================------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
13,000
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,000
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.5 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 27 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tinicum Partners, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ] **
** The reporting persons making this filing hold an aggregate of
260,200 Shares, which is 9.6 % of the class of securities.
The reporting person on this cover page, however, is a beneficial
owner only of the securities reported by it on this cover page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
================------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
================------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 4,000
================------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
================------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
4,000
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,000
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.1 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 27 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Management, L.L.C.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ] **
** The reporting persons making this filing hold an aggregate of
260,200 Shares, which is 9.6 % of the class of securities.
The reporting person on this cover page, however, may be deemed a
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
================------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
================------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 115,300
================------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
================------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
115,300
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
115,300
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.2 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IA, OO
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 27 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Partners, L.L.C.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ] **
** The reporting persons making this filing hold an aggregate of
260,200 Shares, which is 9.6 % of the class of securities.
The reporting person on this cover page, however, may be deemed a
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
================------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
================------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 144,900
================------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
================------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
144,900
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
144,900
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.3 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
OO
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 27 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Enrique H. Boilini
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ] **
** The reporting persons making this filing hold an aggregate of
260,200 Shares, which is 9.6 % of the class of securities.
The reporting person on this cover page, however, may be deemed a
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Argentina
================------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
================------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 260,200
================------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
================------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
260,200
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
260,200
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.6 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 27 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
David I. Cohen
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ] **
** The reporting persons making this filing hold an aggregate of
260,200 Shares, which is 9.6 % of the class of securities.
The reporting person on this cover page, however, may be deemed a
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
South Africa
================------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
================------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 260,200
================------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
================------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
260,200
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
260,200
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.6 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 27 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Joseph F. Downes
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ] **
** The reporting persons making this filing hold an aggregate of
260,200 Shares, which is 9.6 % of the class of securities.
The reporting person on this cover page, however, may be deemed a
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
================------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
================------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 6 260,200
================------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
================------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
260,200
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
260,200
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.6 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 27 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Duhamel
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ] **
** The reporting persons making this filing hold an aggregate of
260,200 Shares, which is 9.6 % of the class of securities.
The reporting person on this cover page, however, may be deemed a
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
================------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
================------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 260,200
================------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
================------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
260,200
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
260,200
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.6 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 12 of 27 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Fleur E. Fairman
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ] **
** The reporting persons making this filing hold an aggregate of 260,200
Shares, which is 9.6 % of the class of securities.
The reporting person on this cover page, however, may be deemed a
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
================------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
================------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 144,900
================------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
================------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
144,900
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
144,900
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.3 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 13 of 27 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Jason M. Fish
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ] **
** The reporting persons making this filing hold an aggregate of
260,200 Shares, which is 9.6 % of the class of securities.
The reporting person on this cover page, however, may be deemed a
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
================------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
================------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 260,200
================------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
================------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
260,200
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
260,200
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.6 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 14 of 27 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Andrew B. Fremder
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ] **
** The reporting persons making this filing hold an aggregate of
260,200 Shares, which is 9.6 % of the class of securities.
The reporting person on this cover page, however, may be deemed a
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
================------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
================------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 260,200
================------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
================------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
260,200
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
260,200
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.6 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 15 of 27 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Richard B. Fried
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ] **
** The reporting persons making this filing hold an aggregate of
260,200 Shares, which is 9.6 % of the class of securities.
The reporting person on this cover page, however, may be deemed a
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
================------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
================------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 260,200
================------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
================------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
260,200
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
260,200
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.6 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 16 of 27 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Mellin
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ] **
** The reporting persons making this filing hold an aggregate of
260,200 Shares, which is 9.6 % of the class of securities.
The reporting person on this cover page, however, may be deemed a
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
================------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
================------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 260,200
================------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
================------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
260,200
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
260,200
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.6 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 17 of 27 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Stephen L. Millham
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ] **
** The reporting persons making this filing hold an aggregate of
260,200 Shares, which is 9.6 % of the class of securities.
The reporting person on this cover page, however, may be deemed a
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
================------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
================------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 260,200
================------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
================------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
260,200
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
260,200
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.6 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 18 of 27 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Meridee A. Moore
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ] **
** The reporting persons making this filing hold an aggregate of
260,200 Shares, which is 9.6 % of the class of securities.
The reporting person on this cover page, however, may be deemed a
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
================------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
================------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 260,200
================------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
================------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
260,200
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
260,200
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.6 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 19 of 27 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas F. Steyer
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ] **
** The reporting persons making this filing hold an aggregate of
260,200 Shares, which is 9.6 % of the class of securities.
The reporting person on this cover page, however, may be deemed a
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
================------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
================------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 260,200
================------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
================------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
260,200
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
260,200
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.6 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 20 of 27 Pages
<PAGE>
13G
===============================
CUSIP No. 186906103
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Mark C. Wehrly
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ] **
** The reporting persons making this filing hold an aggregate of
260,200 Shares, which is 9.6 % of the class of securities.
The reporting person on this cover page, however, may be deemed a
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
================------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
================------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 260,200
================------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
================------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
260,200
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
260,200
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.6 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 21 of 27 Pages
<PAGE>
This Amendment No. 2 to Schedule 13G amends the Schedule 13G initially
filed on August 28, 1998 (collectively, with all amendments thereto, the
"Schedule 13G")2.
Item 1. Issuer
(a) Name of Issuer:
CliniChem Development Inc.
(b) Address of Issuer's Principal Executive Offices:
275 Armand-Frappier Boulevard, Laval, Quebec, Canada H7V 4A7
Item 2. Identity And Background.
Title Of Class Of Securities And CUSIP Number (Item 2(d) and (e))
This statement relates to Shares of CliniChem Development Inc., no par
value (the "Shares") of the Company. The CUSIP number of the Shares is
186906103.
Name Of Persons Filing, Address Of Principal Business Office And
Citizenship (Item 2(a), (b) and (c))
This statement is filed by the entities and persons listed below, all
of whom together are referred to herein as the "Reporting Persons."
The Partnerships
(i) Farallon Capital Partners, L.P., a California limited partnership
("FCP"), with respect to the Shares held by it;
(ii) Farallon Capital Institutional Partners, L.P., a California
limited partnership ("FCIP"), with respect to the Shares held by
it;
(iii)Farallon Capital Institutional Partners II, L.P., a California
limited partnership ("FCIP II"), with respect to the Shares held
by it;
(iv) Farallon Capital Institutional Partners III, L.P., a Delaware
limited partnership ("FCIP III"), with respect to the Shares held
by it;
(v) Tinicum Partners, L.P., a New York limited partnership
("Tinicum"), with respect to the Shares held by it; and
- ---------------
2 The original Schedule 13G and Amendment No. 1 were filed under CIK #
0001012168. This amendment was filed under CIK # 0000909661, as will be all
future amendments to the Schedule 13G.
Page 22 of 27 Pages
<PAGE>
FCP, FCIP, FCIP II, FCIP III and Tinicum are together referred to
herein as the "Partnerships."
The Management Company
(vi) Farallon Capital Management, L.L.C., a Delaware limited liability
company (the "Management Company"), with respect to the Shares held by
certain accounts managed by the Management Company (the "Managed
Accounts")3.
The General Partner Of The Partnerships
(vii)Farallon Partners, L.L.C., a Delaware limited liability company
which is the general partner of each of the Partnerships (the
"General Partner"), with respect to the Shares held by each of
the Partnerships.
The Managing Members Of the General Partner And The Management Company
(viii)The following twelve persons who are managing members of both
the General Partner and the Management Company, with respect to
the Shares held by the Partnerships and the Managed Accounts:
Enrique H. Boilini ("Boilini"), David I. Cohen ("Cohen"), Joseph
F. Downes ("Downes"), William F. Duhamel ("Duhamel"), Jason M.
Fish ("Fish"), Andrew B. Fremder ("Fremder"), Richard B. Fried
("Fried"), William F. Mellin ("Mellin"), Stephen L. Millham
("Millham"), Meridee A. Moore ("Moore"), Thomas F. Steyer
("Steyer") and Mark C. Wehrly ("Wehrly"); and
(ix) the thirteenth managing member of the General Partner, Fleur E.
Fairman ("Fairman"), with respect to the Shares held by the
Partnerships.
Boilini, Cohen, Downes, Duhamel, Fairman, Fish, Fremder, Fried, Mellin,
Millham, Moore, Steyer and Wehrly are together referred to herein as the
"Individual Reporting Persons."
The citizenship of each of the Partnerships, the General Partner and the
Management Company is set forth above. Each of the Individual Reporting Persons
is a United States citizen other than (i) Enrique H. Boilini who is an
Argentinean citizen and (ii) David I. Cohen who is a South African citizen.
- ------------------
3 Of the Shares reported by the Management Company on behalf of the Managed
Accounts, 3,100 Shares (equal to approximately 0.1% of the total Shares
currently outstanding) are held by The Absolute Return Fund of The Common Fund,
a non-profit corporation whose principal address is 450 Post Road East,
Westport, Connecticut 06881.
Page 23 of 27 Pages
<PAGE>
The address of the principal business office of each of the Reporting
Persons other than Enrique Boilini is c/o Farallon Capital Management, L.L.C.,
One Maritime Plaza, Suite 1325, San Francisco, California 94111. The address of
Enrique Boilini is c/o Farallon Capital Management, L.L.C., 75 Holly Hill Lane,
Greenwich, Connecticut 06830.
Item 3. If This Statement Is Filed Pursuant To Rule 13d-1(b), Or 13d-2(b) Or
(c), Check Whether The Person Filing Is An Entity Specified in (a)-(j):
Not Applicable.
If This Statement Is Filed Pursuant To Rule 13d-1(c), Check This
Box. [ X ]
Item 4. Ownership
The information required by Items 4(a) - (c) and set forth in Rows 5
through 11 of the cover page for each Reporting Person hereto is incorporated
herein by reference for each such Reporting Person.
The Shares reported hereby for the Partnerships are owned directly by the
Partnerships and those reported by the Management Company on behalf of the
Managed Accounts are owned directly by the Managed Accounts. The General
Partner, as general partner to the Partnerships, may be deemed to be the
beneficial owner of all such Shares owned by the Partnerships. The Management
Company, as investment adviser to the Managed Accounts, may be deemed to be the
beneficial owner of all such Shares owned by the Managed Accounts. The twelve
Individual Reporting Persons who are managing members of both the General
Partner and the Management Company may each be deemed to be the beneficial owner
of all such Shares held by the Partnerships and the Managed Accounts. Fairman,
as a managing member of only the General Partner, may be deemed to be the
beneficial owner of all such Shares held by the Partnerships. Each of the
Management Company, the General Partner and the Individual Reporting Persons
hereby disclaims any beneficial ownership of any such Shares.
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
Page 24 of 27 Pages
<PAGE>
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 25 of 27 Pages
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: February 11, 2000
/s/ Thomas F. Steyer
----------------------------------------
FARALLON PARTNERS, L.L.C.,
on its own behalf and as General Partner of
FARALLON CAPITAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
And TINICUM PARTNERS, L.P.,
By Thomas F. Steyer,
Senior Managing Member
/s/ Thomas F. Steyer
----------------------------------------
FARALLON CAPITAL MANAGEMENT, L.L.C.,
By Thomas F. Steyer,
Senior Managing Member
/s/ Thomas F. Steyer
----------------------------------------
Thomas F. Steyer, individually and as
attorney-in-fact for each of Enrique H. Boilini,
David I. Cohen, Joseph F. Downes, William F. Duhamel,
Fleur E. Fairman, Jason M. Fish, Andrew B. Fremder,
Richard B. Fried, William F. Mellin, Stephen L. Millham,
Meridee A. Moore and Mark C. Wehrly.
The Powers of Attorney, each executed by Boilini, Cohen, Downes,
Fairman, Fish, Fremder, Mellin, Millham and Moore authorizing Steyer to sign
and file this Schedule 13G on each person's behalf, which were filed with
Amendment No. 1 to the Schedule 13D filed with the Securities and Exchange
Commission on September 26, 1997, by such Reporting Persons with respect to
the Common Stock of Sphere Drake Holdings Limited, are hereby incorporated by
reference. The Powers of Attorney executed by Duhamel and Fried authorizing
Steyer to sign and file this Schedule 13G on each person's behalf, which were
filed with Amendment No. 1 to the Schedule 13D filed with the Securities and
Exchange Commission on January 13, 1999, by such Reporting Persons with
respect to the Callable Class A Common Shares of CliniChem Development Inc.,
are hereby incorporated by reference. The Power of Attorney executed by Mark
C. Wehrly authorizing Steyer to sign and file this Schedule 13G on his
behalf, which was filed with Amendment No. 2 to the Schedule 13D filed with
the Securities and Exchange Commission on January 10, 2000, by such
Page 26 of 27 Pages
<PAGE>
Reporting Person with respect to the Common Shares of Axogen Limited, is hereby
incorporated by reference.
Page 27 of 27 Pages
