UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
BRIGHT HORIZONS, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
109190108
-------------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement |_|. (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).
Page 1 of 11 pages
<PAGE>
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|CUSIP No. 109190108 | 13G | Page 2 of 11 Pages |
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| 1 | NAME OF REPORTING PERSON |
| | S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | |
| | BESSEMER VENTURE PARTNERS II L.P. ("BESSEMER") |
| | 13-3174238 |
- --------------------------------------------------------------------------------
| 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 |
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| | 5 | SOLE VOTING POWER |
| NUMBER OF | | |
| | | 277,294 shs. |
| SHARES | | |
| --------------------------------------------------------------
| BENEFICIALLY | 6 | SHARED VOTING POWER |
| | | |
| OWNED BY | | 13,010 shs.* |
| | | |
| EACH --------------------------------------------------------------
| | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | |
| | | 277,294 shs. |
| PERSON | | |
| --------------------------------------------------------------
| WITH | 8 | SHARED DISPOSITIVE POWER |
| | | |
| | | 13,010 shs.* |
- --------------------------------------------------------------------------------
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 290,304 shs.* |
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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 |
| | |
| | 5.3% |
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| 12 | TYPE OF REPORTING PERSON* |
| | |
| | PN |
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*See answer to Item 4.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 11 pages
<PAGE>
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|CUSIP No. 109190108 | 13G | Page 3 of 11 Pages |
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| 1 | NAME OF REPORTING PERSON |
| | S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | |
| | DEER II & CO. LLC* |
| | 13-3174240 |
- --------------------------------------------------------------------------------
| 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 |
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| | 5 | SOLE VOTING POWER |
| NUMBER OF | | |
| | | 277,294 shs. |
| SHARES | | |
| --------------------------------------------------------------
| BENEFICIALLY | 6 | SHARED VOTING POWER |
| | | |
| OWNED BY | | 13,010 shs.** |
| | | |
| EACH --------------------------------------------------------------
| | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | |
| | | 277,294 shs. |
| PERSON | | |
| --------------------------------------------------------------
| WITH | 8 | SHARED DISPOSITIVE POWER |
| | | |
| | | 13,010 shs.** |
- --------------------------------------------------------------------------------
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 290,304 shs.* ** |
- --------------------------------------------------------------------------------
| 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* |
| | |
| | PN |
- --------------------------------------------------------------------------------
*The shares reported on this page are the same as those reported on page 2
as Deer II & Co. LLC is the General Partner of Bessemer
**See answer to Item 4.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 11 pages
<PAGE>
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|CUSIP No. 109190108 | 13G | Page 4 of 11 Pages |
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- --------------------------------------------------------------------------------
| 1 | NAME OF REPORTING PERSON |
| | S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | |
| | NEILL H. BROWNSTEIN |
| | ###-##-#### |
- --------------------------------------------------------------------------------
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
| | (a) |_| |
| | (b) |X| |
| | |
- --------------------------------------------------------------------------------
| 3 | SEC USE ONLY |
| | |
| | |
- --------------------------------------------------------------------------------
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | U.S.A. |
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| | 5 | SOLE VOTING POWER |
| NUMBER OF | | |
| | | 8,333 shs. |
| SHARES | | |
| --------------------------------------------------------------
| BENEFICIALLY | 6 | SHARED VOTING POWER |
| | | |
| OWNED BY | | -0- |
| | | |
| EACH --------------------------------------------------------------
| | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | |
| | | 8,333 shs. |
| PERSON | | |
| --------------------------------------------------------------
| WITH | 8 | SHARED DISPOSITIVE POWER |
| | | |
| | | -0- |
- --------------------------------------------------------------------------------
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 8,333 shs. |
- --------------------------------------------------------------------------------
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |
| | CERTAIN SHARES* |
| | |
| | |_| |
- --------------------------------------------------------------------------------
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
| | |
| | 0.15% |
- --------------------------------------------------------------------------------
| 12 | TYPE OF REPORTING PERSON* |
| | |
| | IN |
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 11 pages
<PAGE>
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|CUSIP No. 109190108 | 13G | Page 5 of 11 Pages |
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- --------------------------------------------------------------------------------
| 1 | NAME OF REPORTING PERSON |
| | S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | |
| | ROBERT H. BUESCHER |
| | ###-##-#### |
- --------------------------------------------------------------------------------
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
| | (a) |_| |
| | (b) |X| |
| | |
- --------------------------------------------------------------------------------
| 3 | SEC USE ONLY |
| | |
| | |
- --------------------------------------------------------------------------------
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | U.S.A. |
- --------------------------------------------------------------------------------
| | 5 | SOLE VOTING POWER |
| NUMBER OF | | |
| | | 1,676 shs. |
| SHARES | | |
| --------------------------------------------------------------
| BENEFICIALLY | 6 | SHARED VOTING POWER |
| | | |
| OWNED BY | | -0- |
| | | |
| EACH --------------------------------------------------------------
| | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | |
| | | 1,676 shs. |
| PERSON | | |
| --------------------------------------------------------------
| WITH | 8 | SHARED DISPOSITIVE POWER |
| | | |
| | | -0- |
- --------------------------------------------------------------------------------
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 1,676 shs. |
- --------------------------------------------------------------------------------
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |
| | CERTAIN SHARES* |
| | |
| | |_| |
- --------------------------------------------------------------------------------
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
| | |
| | 0.03% |
- --------------------------------------------------------------------------------
| 12 | TYPE OF REPORTING PERSON* |
| | |
| | IN |
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 11 pages
<PAGE>
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|CUSIP No. 109190108 | 13G | Page 6 of 11 Pages |
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| 1 | NAME OF REPORTING PERSON |
| | S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | |
| | WILLIAM T. BURGIN |
| | ###-##-#### |
- --------------------------------------------------------------------------------
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
| | (a) |_| |
| | (b) |X| |
| | |
- --------------------------------------------------------------------------------
| 3 | SEC USE ONLY |
| | |
| | |
- --------------------------------------------------------------------------------
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | U.S.A. |
- --------------------------------------------------------------------------------
| | 5 | SOLE VOTING POWER |
| NUMBER OF | | |
| | | 19,455 shs. |
| SHARES | | |
| --------------------------------------------------------------
| BENEFICIALLY | 6 | SHARED VOTING POWER |
| | | |
| OWNED BY | | -0- |
| | | |
| EACH --------------------------------------------------------------
| | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | |
| | | 19,455 shs. |
| PERSON | | |
| --------------------------------------------------------------
| WITH | 8 | SHARED DISPOSITIVE POWER |
| | | |
| | | -0- |
- --------------------------------------------------------------------------------
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 19,455 shs. |
- --------------------------------------------------------------------------------
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |
| | CERTAIN SHARES* |
| | |
| | |_| |
- --------------------------------------------------------------------------------
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
| | |
| | 0.35% |
- --------------------------------------------------------------------------------
| 12 | TYPE OF REPORTING PERSON* |
| | |
| | IN |
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 11 pages
<PAGE>
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|CUSIP No. 109190108 | 13G | Page 7 of 11 Pages |
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- --------------------------------------------------------------------------------
| 1 | NAME OF REPORTING PERSON |
| | S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | |
| | CHRISTOPHER F. O. GABRIELI |
| | ###-##-#### |
- --------------------------------------------------------------------------------
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
| | (a) |_| |
| | (b) |X| |
| | |
- --------------------------------------------------------------------------------
| 3 | SEC USE ONLY |
| | |
| | |
- --------------------------------------------------------------------------------
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | U.S.A. |
- --------------------------------------------------------------------------------
| | 5 | SOLE VOTING POWER |
| NUMBER OF | | |
| | | 750 shs. |
| SHARES | | |
| --------------------------------------------------------------
| BENEFICIALLY | 6 | SHARED VOTING POWER |
| | | |
| OWNED BY | | -0- |
| | | |
| EACH --------------------------------------------------------------
| | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | |
| | | 750 shs. |
| PERSON | | |
| --------------------------------------------------------------
| WITH | 8 | SHARED DISPOSITIVE POWER |
| | | |
| | | -0- |
- --------------------------------------------------------------------------------
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 750 shs. |
- --------------------------------------------------------------------------------
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |
| | CERTAIN SHARES* |
| | |
| | |_| |
- --------------------------------------------------------------------------------
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
| | |
| | 0.01% |
- --------------------------------------------------------------------------------
| 12 | TYPE OF REPORTING PERSON* |
| | |
| | IN |
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 11 pages
<PAGE>
Item 1.
(a) Name of Issuer:
Bright Horizons, Inc.
(b) Address of Issuer's Principal Executive Office:
1 Kendall Square
Cambridge, Massachusetts 02139
Item 2.
(a), (b) and (c) Name of Persons Filing, Address of Principal Business
-----------------------------------------------------
Office and Citizenship:
-----------------------
This statement is filed by Bessemer Venture Partners II L.P.
("Bessemer"), a Delaware limited partnership having its principal office at 1025
Old Country Road, Suite 205, Westbury, New York, 11590. Bessemer's principal
business is making venture capital investments for its own account and is
carried on at its principal office.
This statement is also filed by Deer II & Co. LLC, a Delaware
limited liability company whose partners are Neill H. Brownstein*, Robert H.
Buescher, William T. Burgin, G. Felda Hardymon and Christopher F. O. Gabrieli.
All of such individuals are United States citizens. This statement is also filed
by Neill H. Brownstein, Robert H. Buescher, William T. Burgin and Christopher F.
O. Gabrieli. Deer II & Co. LLC is the General Partner of Bessemer Venture
Partners II L.P. and has its principal office at the same address as Bessemer.
The principal business of Deer II & Co. LLC is making venture capital
investments for the account of Bessemer and is carried on at its principal
office, at 535 Middlefield Road, Suite 245, Menlo Park, Calfornia 94025 and at
83 Walnut Street, Wellesley Hills, MA 02181-2101. Mr. Brownstein's principal
business address is the Menlo Park address. Mr. Buescher's principal business
address is the principal office of Bessemer. Mr. Burgin's and Mr. Gabrieli's
principal business address is the Wellesley Hills address.
*As of January 1, 1995 Mr. Brownstein became a special member of Deer II
& Co. LLC with no power to participate in the management of its affairs.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
109190108
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check
whether the person filing is a:
Not applicable.
Page 8 of 11 pages
<PAGE>
Item 4. Ownership as of December 31, 1995
Items 5 through 9 of Pages 2 through 7 of this Statement
incorporated herein by reference.
The shares beneficially held by Bessemer include holdings of
the Issuer's common stock of certain consultants, directors and employees of
Bessemer Securities Corporation, 630 Fifth Avenue, New York, New York 10111, who
hold a total of 13,010 shares of the Issuer's common stock under the special
situations investment plan of Bessemer Securities Corporation ("BSC"), which
provides that Bessemer has the right to direct such persons as to how to vote
such shares, give consents and the like and also grants a right of first refusal
to BSC with respect to sales of such shares, which right may be assigned to
Bessemer.
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
See the answer to Item 2(a), (b) and (c).
Item 9. Notice of Dissolution of Group
Not applicable.
Page 9 of 11 pages
<PAGE>
Item 10. Certification
Not applicable.
SIGNATURES
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.
Dated: February 12, 1998
BESSEMER VENTURE PARTNERS II L.P.
By: Deer II & Co. LLC, General Partner
By: /s/ Robert H. Buescher
----------------------------------------
Robert H. Buescher, Manager
DEER II & CO. LLC
By: /s/ Robert H. Buescher
----------------------------------------
Robert H. Buescher, Manager
NEILL H. BROWNSTEIN
By: *
----------------------------------------
Robert H. Buescher, Attorney-in-Fact
WILLIAM T. BURGIN
By: *
----------------------------------------
Robert H. Buescher, Attorney-in-Fact
Page 10 of 11 pages
<PAGE>
CHRISTOPHER F.O. GABRIELI
By: *
----------------------------------------
Robert H. Buescher, Attorney-in-Fact
/s/ Robert H. Buescher
----------------------------------------
Robert H. Buescher for himself and as
Attorney-in-Fact for the above parties
having an asterisk (*) above their
signature line
Page 11 of 11 pages
