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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
HOWMET INTERNATIONAL, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
CUSIP NUMBER
0004432081
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(CUSIP Number)
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Page 1 of 10
<PAGE>
CUSIP No. 0004432081 13G Page 2 of 10
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(1) NAME OF REPORTING PERSON:
TCG Holdings, L.L.C.
I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON:
54-1686011
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) | |
(b) |X|
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION:
Delaware
- --------------------------------------------------------------------------------
(5) SOLE VOTING POWER:
0
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NUMBER OF SHARES (6) SHARED VOTING POWER:
BENEFICIALLY OWNED 22,650,000
BY EACH ------------------------------------------------------
REPORTING PERSON (7) SOLE DISPOSITIVE POWER:
WITH: 0
------------------------------------------------------
(8) SHARED DISPOSITIVE POWER:
22,650,000
- --------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
22,650,000
- --------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
| |
- --------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
22.65%
- --------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
OO (Limited Liability Company)
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<PAGE>
CUSIP No. 0004432081 13G Page 3 of 10
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(1) NAME OF REPORTING PERSON:
TC Group, L.L.C.
I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON:
54-1686957
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) | |
(b) |X|
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION:
Delaware
- --------------------------------------------------------------------------------
(5) SOLE VOTING POWER:
0
------------------------------------------------------
NUMBER OF SHARES (6) SHARED VOTING POWER:
BENEFICIALLY OWNED 22,650,000
BY EACH ------------------------------------------------------
REPORTING PERSON (7) SOLE DISPOSITIVE POWER:
WITH: 0
------------------------------------------------------
(8) SHARED DISPOSITIVE POWER:
22,650,000
- --------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
22,650,000
- --------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
| |
- --------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
22.65%
- --------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
OO (Limited Liability Company)
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<PAGE>
CUSIP No. 0004432081 13G Page 4 of 10
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(1) NAME OF REPORTING PERSON:
Carlyle Partners II, L.P.
I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON:
51-1357731
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) | |
(b) |X|
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION:
Delaware
- --------------------------------------------------------------------------------
(5) SOLE VOTING POWER:
0
------------------------------------------------------
NUMBER OF SHARES (6) SHARED VOTING POWER:
BENEFICIALLY OWNED 22,650,000
BY EACH ------------------------------------------------------
REPORTING PERSON (7) SOLE DISPOSITIVE POWER:
WITH: 0
------------------------------------------------------
(8) SHARED DISPOSITIVE POWER:
22,650,000
- --------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
22,650,000
- --------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
| |
- --------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
22.65%
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(12) TYPE OF REPORTING PERSON
PN
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<PAGE>
CUSIP No. 0004432081 13G Page 5 of 10
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(1) NAME OF REPORTING PERSON:
Carlyle Partners III, L.P.
I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON:
51-0369721
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) | |
(b) |X|
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION:
Delaware
- --------------------------------------------------------------------------------
(5) SOLE VOTING POWER:
0
------------------------------------------------------
NUMBER OF SHARES (6) SHARED VOTING POWER:
BENEFICIALLY OWNED 22,650,000
BY EACH ------------------------------------------------------
REPORTING PERSON (7) SOLE DISPOSITIVE POWER:
WITH: 0
------------------------------------------------------
(8) SHARED DISPOSITIVE POWER:
22,650,000
- --------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
22,650,000
- --------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
| |
- --------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
22.65%
- --------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
PN
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<PAGE>
CUSIP No. 0004432081 13G Page 6 of 10
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(1) NAME OF REPORTING PERSON:
Carlyle-Blade Acquisition Partners, L.P.
I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON:
52-6803798
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) | |
(b) |X|
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION:
Delaware
- --------------------------------------------------------------------------------
(5) SOLE VOTING POWER:
0
------------------------------------------------------
NUMBER OF SHARES (6) SHARED VOTING POWER:
BENEFICIALLY OWNED 22,650,000
BY EACH ------------------------------------------------------
REPORTING PERSON (7) SOLE DISPOSITIVE POWER:
WITH: 0
------------------------------------------------------
(8) SHARED DISPOSITIVE POWER:
22,650,000
- --------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
22,650,000
- --------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
| |
- --------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
22.65%
- --------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
PN
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<PAGE>
SCHEDULE 13G
Item 1(a). Name of Issuer
Howmet International, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices
475 Steamboat Road
Greenwich, Connecticut 06830
Item 2(a). Name of Person Filing
TCG Holdings, L.L.C.
TC Group, L.L.C.
Carlyle Partners II, L.P.
Carlyle Partners III, L.P.
Carlyle-Blade Acquisition Partners, L.P.
Item 2(b). Address of Principal Business Office
c/o The Carlyle Group
1001 Pennsylvania Ave. N.W.
Suite 220 South
Washington, D.C. 20004
Item 2(c). Citizenship
TCG Holdings, L.L.C. - Delaware
TC Group, L.L.C. - Delaware
Carlyle Partners II, L.P. - Delaware
Carlyle Partners III, L.P. - Delaware
Carlyle-Blade Acquisition Partners, L.P. - Delaware
Item 2(d). Title of Class of Securities
Common Stock, par value $.01 per share
Item 2(e). CUSIP Number
0004432081
Item 3. Not applicable.
7
<PAGE>
Item 4. Ownership
<TABLE>
<CAPTION>
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Shared Sole Power to Shared Power to
Amount Percent Sole Power to Power to Dispose or to Dispose or the
Beneficially of Class Direct the Direct the Direct the Direct the
Reporting Person Owned the Vote Vote Vote Disposition of Disposition of
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
TCG Holdings, L.L.C. 22,650,000 22.65% 0 22,650,000 0 22,650,000
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TC Group, L.L.C. 22,650,000 22.65% 0 22,650,000 0 22,650,000
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Carlyle Partners II, L.P. 22,650,000 22.65% 0 22,650,000 0 22,650,000
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Carlyle Partners III, L.P. 22,650,000 22.65% 0 22,650,000 0 22,650,000
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Carlyle-Blade Acquisition 22,650,000 22.65% 0 22,650,000 0 22,650,000
Partners, L.P.
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</TABLE>
Carlyle-Blade Acquisiiton Partners, L.P., a Delaware limited
partnership ("CBAP") is the record owner of the shares of Common Stock of Howmet
International, Inc. Carlyle Partners II, L.P., a Delaware limited partnership
("Carlyle II") and Carlyle Partners III, L.P., a Delaware limited partnership
("Carlyle III") are the general partners of CBAP. TC Group, L.L.C., a Delaware
limited liability company ("TC Group") is the sole general partner of each of
Carlyle II and Carlyle III. TCG Holdings, L.L.C., a Delaware limited liability
company ("TCG Holdings"), is the sole managing member of TC Group. Carlyle II,
Carlyle III, TC Group and TCG Holdings could therefor be deemed to be beneficial
owners of the shares owned by CBAP.
William E. Conway, Jr., Frank C. Carlucci, III, Daniel A.
D'Aniello, Richard G. Darman, David M. Rubenstein, James A. Baker, III, Allan
M. Holt, David W. Dupree, and Jerome H. Powell are managing members of TCG
Holdings, and, in such capacity, such individuals may be deemed to share
beneficial ownership of any shares of Common Stock beneficially owned by TCG
Holdings. Such individuals expressly disclaim any such beneficial ownership.
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:
See Item 4 above.
Item 7: Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported by the Parent Holding
Company
Not applicable.
Item 8: Identification and Classification of Members of the Group.
Not applicable.
8
<PAGE>
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 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 purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Date February 17, 1998
TCG HOLDINGS, L.L.C.
By: /s/ Allan M. Holt
--------------------------
Name: Allan M. Holt
Title: Managing Director
TC GROUP, L.L.C.
By: TCG Holdings, L.L.C., its Managing
Member
By: /s/ Allan M. Holt
--------------------------
Name: Allan M. Holt
Title: Managing Director
9
<PAGE>
CARLYLE PARTNERS II, L.P.
By: TC Group, L.L.C., its General Partner
By: TCG Holdings, L.L.C., its Managing
Member
By: /s/ Allan M. Holt
--------------------------
Name: Allan M. Holt
Title: Managing Director
CARLYLE PARTNERS III L.P.
By: TC Group, L.L.C., its General Partner
By: TCG Holdings, L.L.C., its Managing
Member
By: /s/ Allan M. Holt
--------------------------
Name: Allan M. Holt
Title: Managing Director
CARLYLE-BLADE ACQUISITION PARTNERS, L.P.
By: Carlyle Partners II, L.P., its General
Partner
By: TC Group, L.L.C., its General
Partner
By: TCG Holdings, L.L.C., its
Managing Member
By: /s/ Allan M. Holt
--------------------------
Name: Allan M. Holt
Title: Managing Director
10
