MALIBU ENTERTAINMENT WORLDWIDE INC
3, 1999-07-30
MISCELLANEOUS AMUSEMENT & RECREATION
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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


- --------------------------------------------------------------------------------
1.  Name and Address of Reporting Person*

     The Capital Company of America LLC ("CCA")
    ----------------------------------------------------------------------------
        (Last)                      (First)                        (Middle)

     2 World Financial Center, Building B, 21st Floor
    ----------------------------------------------------------------------------
                                   (Street)

     New York                        New York                   10281
    ----------------------------------------------------------------------------
        (City)                      (State)                           (Zip)


2.  Date of Event Requiring Statement (Month/Day/Year)            July 20, 1999
                                                                  --------------

3.  IRS Identification Number of Reporting Person if an Entity
    (Voluntary)
                --------------

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)


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

6.  If Amendment, Date of Original (Month/Day/Year)    N/A
                                                    ----------------------------
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>
- --------------------------------------------------------------------------------
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)
- --------------------------------------------------------------------------------
<S>               <C>                   <C>                 <C>

- --------------------------------------------------------------------------------
Common Stock         6,000,000 (see Note         I              See Note 2 and
                     1 Below)                                   Note 3 Below
- --------------------------------------------------------------------------------
Series BB Preferred     327.12                   I              See Note 2 and
Stock                                                           Note 3 Below
- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------
</TABLE>

                                                                     Page 1 of 2
<PAGE>
FORM 3 (continued)

              Table II--Derivative Securities Beneficially Owned
        (e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
 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
- ------------------------------------------------------------------------------------------------------------------------------------
<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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</TABLE>
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:  CCA is a Delaware limited liability company, the sole member of which
         is NACC. NACC is the sole beneficiary of PATV, which owns the
         securities of the Issuer set forth herein. CCA is NACC's attorney-in-
         fact with respect to the securities of the Issuer set forth herein.

Note 3:  CCA is a Delaware limited liability company, the managers and
         executive officers of which are: Atsushi Yoshikawa, Michael L.
         Hurdelbrink, William T. Maitland, John E. Toffolon, Jr., Shikegi
         Fujitani, William B. Aimetti, Richard G. Swanson, Ken Duncan, David P.
         Jacob and Stuart Simon. Each such person may be deemed a beneficial
         owner of the securities listed herein by virtue of such status as
         managers or executive officers of CCA. 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.

                                       The Capital Company of America LLC

                                       By: /s/ STUART SIMON
                                       ------------------------
                                       Name:   Stuart Simon
                                       Title:  Managing Director

                                               July 30, 1999
                                       ------------------------
                                       Date
                                                                     Page 2 of 2


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