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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO.----)*
VOX WARE, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $.001
- --------------------------------------------------------------------------------
(Title of Class of Securities)
92906L-10-5
-------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [x]. (A fee
is not required only if the filing person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*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 ("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. 92906L-10-5 13G Page 2 of 15
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSONS
ADVENT INTERNATIONAL CORPORATION
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) [X]
(b)
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3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
999,999
NUMBER OF ------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY NONE
EACH ------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH: 999,999
------------------------------------------------------
8. SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON.
999,999
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9.
8.0%
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12. TYPE OF REPORTING PERSON*
CO,IA
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 92906L-10-5 13G Page 3 of 15
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSONS
ADVENT INTERNATIONAL LIMITED PARTNERSHIP
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) [X]
(b)
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3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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5. SOLE VOTING POWER
949,000
NUMBER OF ------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY NONE
EACH ------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH: 949,000
------------------------------------------------------
8. SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON.
949,000
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9.
7.6%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 4
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CUSIP No. 92906L-10-5 13G Page 4 of 15
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSONS
ADVENT LIMITED PARTNERSHIP
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) [X]
(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
250,000
NUMBER OF ------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY NONE
EACH ------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH: 250,000
------------------------------------------------------
8. SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON.
250,000
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9.
2.0%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 5
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CUSIP No. 92906L-10-5 13G Page 5 of 15
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSONS
ADWEST LIMITED PARTNERSHIP
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) [X]
(b)
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3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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5. SOLE VOTING POWER
175,000
NUMBER OF ------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY NONE
EACH ------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH: 175,000
------------------------------------------------------
8. SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
175,000
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.4%
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12. TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 6
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CUSIP No. 92906L-10-5 13G Page 6 of 15
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSONS
ADVENT CROWN FUND C.V.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) [X]
(b)
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
NETHERLANDS
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5. SOLE VOTING POWER
400,000
NUMBER OF ------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY NONE
EACH ------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH: 400,000
------------------------------------------------------
8. SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
400,000
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.2%
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12. TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 7
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CUSIP No. 92906L-10-5 13G Page 7 of 15
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSONS
ADVENT ISRAEL LIMITED PARTNERSHIP
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) [X]
(b)
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
111,487
NUMBER OF ------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY NONE
EACH ------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH: 111,487
------------------------------------------------------
8. SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
111,487
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.9%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 8
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CUSIP No. 92906L-10-5 13G Page 8 of 15
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSONS
ADVENT ISRAEL (BERMUDA) LIMITED PARTNERSHIP
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) [X]
(b)
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3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
BERMUDA
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
13,512
NUMBER OF ------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY NONE
EACH ------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH: 13,512
------------------------------------------------------
8. SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON.
13,512
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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
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 9
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CUSIP No. 92906L-10-5 13G Page 9 of 15
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSONS
ADVENT INTERNATIONAL INVESTORS II LIMITED PARTNERSHIP
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) [X]
(b)
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
MASSACHUSETTS
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5. SOLE VOTING POWER
2,500
NUMBER OF ------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY NONE
EACH ------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH: 2,500
------------------------------------------------------
8. SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON.
2,500
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9.
0.0%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 10
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CUSIP No. 92906L-10-5 13G Page 10 of 15
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSONS
ADVENT PARTNERS LIMITED PARTNERSHIP
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) [X]
(b)
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
47,500
NUMBER OF ------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY NONE
EACH ------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH: 47,500
------------------------------------------------------
8. SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON.
47,500
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9.
0.4%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 11
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CUSIP No. 92906L-10-5 13G Page 11 of 15
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SCHEDULE 13G
Item 1.
- -------
(a) (b) This statement on Schedule 13G relates to the Reporting Persons'
(as defined in Item 2 below) beneficial ownership interest in Voxware, Inc. a
Delaware corporation (the "Corporation"). The address of the principal executive
office of the Corporation is 305 College Road East, Princeton, New Jersey 08540.
Item 2.
- -------
(a) (b) (c) This statement is being filed by the following entities:
(1) Advent International Corporation, a Delaware corporation;
(2) Advent International Limited Partnership, a Delaware Limited
Partnership;
(3) Adtel Limited Partnership, a Delaware limited partnership;
(4) Adwest Limited Partnership, a Delaware limited partnership;
(5) Advent Crown Fund C.V., a Netherlands limited partnership;
(6) Advent Israel Limited Partnership, a Delaware limited partnership;
(7) Advent Israel (Bermuda) Limited Partnership, a Bermuda limited
partnership
(8) Advent International Investors II Limited Partnership, a Massachusetts
limited partnership;
(9) Advent Partners Limited Partnership, a Delaware limited partnership;
The entities listed in subparagraphs (1) through (9) above are herein
collectively referred to as the "Reporting Persons" and individually as a
"Reporting Person." The principal business address of all of the Reporting
Persons is c/o Advent International Corporation, 101 Federal Street, Boston, MA
02110.
(d) (e) This statement relates to the Common Stock, par value $.001 per
share (the "Common Stock") of the Corporation named in Item 1 of this statement.
The CUSIP number associated with such Common Stock is 92906L-10-5.
<PAGE> 12
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CUSIP No. 92906L-10-5 13G Page 12 of 15
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SCHEDULE 13G
Item 3. Filing pursuant to Rule 13G-1(b), or 13G-2(b).
- ------- ----------------------------------------------
This statement is not being filed pursuant to Rule 13G-1(b), or
13G-2(b).
Item 4. Ownership.
- ------- ----------
(a) (b) The following table sets forth the aggregate number and
percentage (based upon the number of shares of Common Stock outstanding as of
December 31, 1996) of the Common Stock beneficially owned by each Reporting
Person named in Item 2 of this statement. The aggregate number and percentage of
the Common Stock beneficially owned by each Reporting Person is calculated in
accordance with Rule 13G-3(d)(1).
<TABLE>
<CAPTION>
Number of Shares Percentage
---------------------- of Shares
Reporting Person Common Total Outstanding
- -------------------------------------- --------------------------------------
<S> <C> <C> <C>
Adtel Limited Partnership(1) 250,000 250,000 2.0%
Adwest Limited Partnership(1) 175,000 175,000 1.4%
Advent Crown Fund C.V.(1) 400,000 400,000 3.2%
Advent Israel Limited Partnership(1) 111,487 111,487 0.9%
Advent Israel (Bermuda)
Limited Partnership(1) 13,512 13,512 0.1%
------- ------- ----
Advent International
Limited Partnership(1) 949,999 949,999 7.6%
Advent International Investors II
Limited Partnership(2) 2,500 2,500 0.0%
Advent Partners Limited Partnership(2) 47,500 47,500 0.4%
------- ------- ----
Advent International Corporation 999,999 999,999 8.0%
------- ----
Total Group Ownership 999,999 999,999 8.0%
======= ======= ====
</TABLE>
(1) Advent International Corporation ("AIC") is the General Partner of
Advent International Limited Partnership ("AILP") which in turn is the General
Partner of the indicated reporting persons. As such, AIC has the sole power to
vote and dispose of the securities owned by the indicated reporting persons. The
beneficial ownership of AIC and AILP derives from such power.
<PAGE> 13
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CUSIP No. 92906L-10-5 13G Page 13 of 15
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SCHEDULE 13G
(3) AIC is the General Partner of both Advent International Investors II
Limited Partnership ("AI Investors II") and Advent Partners Limited Partnership
("APLP"). As such, AIC has the sole power to vote and dispose of the securities
owned by AI Investors II and APLP. The beneficial ownership of AIC derives from
such power.
(c) Each of the Reporting Persons listed in the table set forth above has
sole voting and dispositive power over the Common Stock beneficially owned by it
as indicated above.
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.
- ------- ----------------------------------------------------------
The information for this item is contained on the individual cover
pages to this filing, and is incorporated herein by reference.
Item 9. Notice of Dissolution of Group.
- ------- -------------------------------
Not Applicable.
(THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK)
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<PAGE> 14
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CUSIP No. 92906L-10-5 13G Page 14 of 15
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SCHEDULE 13G
Item 10. Certification.
- -------- --------------
By signing below we certify that, to the best of our knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
SIGNATURE
---------
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
February 11, 1997
ADVENT INTERNATIONAL CORPORATION
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President -----------------------------------
ADVENT INTERNATIONAL LIMITED PARTNERSHIP
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President -----------------------------------
ADTEL LIMITED PARTNERSHIP
By: Advent International Limited Partnership,
General Partner
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President -----------------------------------
ADWEST LIMITED PARTNERSHIP
By: Advent International Limited Partnership,
General Partner
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President -----------------------------------
ADVENT CROWN FUND C.V.
By: Advent International Limited Partnership,
General Partner
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President -----------------------------------
<PAGE> 15
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CUSIP No. 92906L-10-5 13G Page 15 of 15
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SCHEDULE 13G
ADVENT ISRAEL LIMITED PARTNERSHIP
By: Advent International Limited Partnership,
General Partner
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President -----------------------------------
ADVENT ISRAEL (BERMUDA) LIMITED PARTNERSHIP
By: Advent International Limited Partnership,
General Partner
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President -----------------------------------
ADVENT INTERNATIONAL INVESTORS II LIMITED PARTNERSHIP
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President -----------------------------------
ADVENT PARTNERS LIMITED PARTNERSHIP
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President -----------------------------------
