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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Nomura Asset Capital Corporation ("NACC")
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(Last) (First) (Middle)
2 World Financial Center, Building B, 21st Floor
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(Street)
New York New York 10281
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(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year) July 20, 1999
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3. IRS Identification Number of Reporting Person if an Entity
(Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Malibu Entertainment Worldwide, Inc. "MBE"
5. Relationship of Reporting Person to Issuer (Check all applicable)
[ ] Director [ ] Officer [X] 10% Owner [ ] Other
(give title below) (specify below)
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6. If Amendment, Date of Original (Month/Day/Year) N/A
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7. Individual or Joint/Group Filing (Check applicable line)
_X__ Form filed by One Reporting Person
____ Form filed by More than One Reporting Person
Table I--Non-Derivative Securities Beneficially Owned
<TABLE>
<CAPTION>
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1. Title of 2. Amount of 3. Ownership Form: 4. Nature of
Security Securities Bene- Direct (D) or Indirect Bene-
(Instr. 4) ficially Owned Indirect (I) ficial Ownership
(Instr. 4) (Instr. 5) (Instr. 5)
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<S> <C> <C> <C>
Common Stock 6,000,000 (See Note I See Note 2 and
1 Below) Note 3 Below
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Series BB Preferred 327.12 I See Note 2 and
Stock Note 3 Below
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FORM 3 (continued)
Table II--Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
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1. Title of Derivative 2. Date Exer- 3. Title and Amount of Securities 4. Conversion 5. Ownership 6. Nature of In-
Security cisable and Underlying Derivative Security or Form of direct Bene-
(Instr. 4) Expiration (Instr. 4) Exercise Derivative ficial
Date Price of Security: Ownership
(Month/Day/ Derivative (Instr. 5)
Year) Security Direct (D)
---------------------------------------------------- or In-
Date Expira- Amount or direct (I)
Exer- tion Title Number of (Instr. 5)
cisable Date Shares
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<S> <C> <C> <C> <C> <C> <C> <C>
N/A N/A N/A N/A N/A N/A N/A N/A
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Explanation of Responses:
Note 1: The Issuer, Malibu Centers, Inc., a Delaware corporation, MEI Holdings,
L.P., a Delaware limited partnership ("MEIH"), Nomura Asset Capital
Corporation, a Delaware corporation ("NACC"), Partnership Acquisition
Trust V, a Delaware business trust ("PATV") and SZ Capital, L.P., a
Delaware limited partnership entered into that certain Second Amended
and Restated Capitalization Agreement dated as of July 20, 1999 (the
"Recapitalization Agreement"), pursuant to which PATV acquired the
securities described in Table I. Pursuant to the terms of the
Recapitalization Agreement, the outstanding shares of Series BB
Preferred Stock may be called for redemption by the Issuer at any time.
If all of the shares of Series BB Preferred Stock have not been redeemed
by the Issuer or purchased by MEIH on or before December 31, 2000, (i)
the Issuer (or in certain circumstances, MEIH) will issue to PATV, as a
fee in consideration of NACC's entering into the Recapitalization
Agreement an additional 2,000,000 shares of Common Stock; and (ii) as
additional consideration for NACC's accepting the shares of Series BB
Preferred Stock as payment in full of the $20,000,000 loan from NACC to
MEIH, MEIH (or its designee) will transfer to PATV an additional
4,000,000 shares of Common Stock.
Note 2: NACC is the sole beneficiary of PATV, which owns the securities of the
Issuer set forth herein.
Note 3: NACC is a Delaware corporation, the directors and executive officers of
which are: Atsushi Yoshikawa, Joseph R. Schmuckler, Michael L.
Hurdelbrink, William T. Maitland, John E. Toffolon, Jr., Shikegi
Fujitani, Robert Rottman, and Raymond Knox. Each such person may be
deemed a beneficial owner of the securities listed herein by virtue of
such status as directors or executive officers of NACC. Each such person
disclaims beneficial ownership of the shares listed herein, and this
report shall not be deemed an admission that any such person is the
beneficial owner of such securities for purposes of Section 16 or for
any other purpose.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, See Instruction 6 for procedure.
Nomura Asset Capital Corporation
By: /s/ LANCE W. HABERIN
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Name: Lance W. Haberin
Title: Vice President
July 30, 1999
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Date
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