UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
TRIAD PARK, LLC
---------------
(Name of Issuer)
Membership Interests, no par value
----------------------------------
(Title of Class of Securities)
895814101
---------
(CUSIP Number)
Murray A. Indick
Richard C. Blum & Associates, L.P.
909 Montgomery Street, Suite 400
San Francisco, CA 94133
(415) 434-1111
-------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 26, 1998
--------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box [ ].
*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
disclosures provided in a prior cover page.
The information required on 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 12
CUSIP NO. 895814101 SCHEDULE 13D Page 2 of 12
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3 below
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 1,998,158**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 1,998,158**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,998,158**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN, IA
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 895814101 SCHEDULE 13D Page 3 of 12
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3 below
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 1,998,158**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 1,998,158**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,998,158**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 895814101 SCHEDULE 13D Page 4 of 12
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3 below
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER 14,000**
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 1,998,158**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER 14,000**
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 1,998,158**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,012,158**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.2%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 895814101 SCHEDULE 13D Page 5 of 12
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON TPL ACQUISITION, LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3 below
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 1,998,158**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 1,998,158**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,998,158**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO (limited liability company)
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 895814101 SCHEDULE 13D Page 6 of 12
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON PELL DEVELOPMENT COMPANY
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3 below
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 1,998,158**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 1,998,158**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,998,158**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO (sole proprietorship)
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 895814101 SCHEDULE 13D Page 7 of 12
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON JOSEPH PELL
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3 below
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 1,998,158**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 1,998,158**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,998,158**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 895814101 SCHEDULE 13D Page 8 of 12
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON EDA PELL
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3 below
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 1,998,158**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 1,998,158**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,998,158**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 895814101 SCHEDULE 13D Page 9 of 12
This Amendment No. 7 to Schedule 13D amends the Statement on Schedule 13D (the
"Schedule 13D") filed with the Securities and Exchange Commission on March 23,
1998 by Richard C. Blum & Associates, L.P. and its affiliates (along with TPL
Acquisition, LLC, the "Blum Reporting Persons"), and Pell Development Company,
Joseph Pell and Eda Pell (the "Pell Reporting Persons"). This Amendment No. 7
is filed with respect to the Limited Liability Company Membership Interests
("the Interests"), no par value, of Triad Park, LLC, ("the Company"). The
principal executive office and mailing address of the Company is 3055 Triad
Drive, Livermore, California 94550. Unless otherwise defined herein, all
capitalized terms shall have the meanings ascribed to them in the Schedule
13D. The following amendments to Items 3 and 4 of the Schedule 13D are hereby
made. The Blum Reporting Persons and the Pell Reporting Persons are
collectively referred to herein as the "Reporting Persons". Unless otherwise
defined herein, all capitalized terms shall have the meanings ascribed to them
in the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration
- ----------------------------------------------------------
Item 3 of the Schedule 13D is hereby amended to add the following information:
The Kontrabecki Group, Inc. ("TKG") has questioned in litigation filed in the
Northern District of California and in its press releases (including a press
release dated March 24, 1998) the financing for the March 13 Offer made by the
Reporting Persons. The Reporting Persons, solely for the purpose of
addressing the issues raised by TKG and without setting any precedent for the
future, state that all funds necessary to consummate RCBA's tender offer (see
Item 4 below) will be deposited in an escrow account at Bank of America no
later than March 27, 1998.
Item 4. Purpose of Transaction
- -------------------------------
Item 4 of the Schedule 13D is hereby amended to add the following information:
The Reporting Persons today issued a press release (Exhibit B) announcing
their intention to commence a cash tender offer to buy all of the Triad Park
shares they do not presently own or control for $1.74 per share, subject to
the conditions stated in the press release. The tender offer replaces the
March 13 Offer by the Reporting Persons to acquire Triad Park through a merger
agreement, which has been withdrawn. Reference is made to the press release
attached as Exhibit B to this Schedule 13D Amendment No. 7.
Item 7. Material to be Filed as Exhibits
- -----------------------------------------
Item Description
- ---- -----------
Exhibit A Joint Filing Undertaking.
Exhibit B Press Release dated March 26, 1998
CUSIP NO. 895814101 SCHEDULE 13D Page 10 of 12
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: March 26, 1998
RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC.
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- ---------------------------------
Murray A. Indick Murray A. Indick
Managing Director Managing Director, General Counsel
and General Counsel and Secretary
TPL ACQUISITION, LLC /s/ Murray A. Indick
By: Richard C. Blum & Associates, L.P. -------------------------------------
Its Managing Member RICHARD C. BLUM
By: Richard C. Blum & Associates, By Murray A. Indick, Attorney-in-Fact
Inc., its sole general partner
By: /s/ Murray A. Indick
-------------------------
Murray A. Indick
Managing Director
and General Counsel
PELL DEVELOPMENT COMPANY
By /s/ Joseph Pell /s/ Joseph Pell
------------------------------- -----------------------------------
Joseph Pell JOSEPH PELL
Owner
/s/ Eda Pell
--------------------------------------
EDA PELL
CUSIP NO. 72813P-10-0 SCHEDULE 13D Page 11 of 12
Exhibit A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby execute this
agreement as an exhibit to this Schedule 13D to evidence the agreement of the
below-named parties, in accordance with the rules promulgated pursuant to the
Securities Exchange Act of 1934, to file this Schedule jointly on behalf of
each such party.
Dated: March 26, 1998
RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC.
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- ---------------------------------
Murray A. Indick Murray A. Indick
Managing Director Managing Director, General Counsel
and General Counsel and Secretary
TPL ACQUISITION, LLC /s/ Murray A. Indick
By: Richard C. Blum & Associates, L.P. -------------------------------------
Its Managing Member RICHARD C. BLUM
By: Richard C. Blum & Associates, By Murray A. Indick, Attorney-in-Fact
Inc., its sole general partner
By: /s/ Murray A. Indick
-------------------------
Murray A. Indick
Managing Director
and General Counsel
PELL DEVELOPMENT COMPANY
By /s/ Joseph Pell /s/ Joseph Pell
------------------------------- -----------------------------------
Joseph Pell JOSEPH PELL
Owner
/s/ Eda Pell
--------------------------------------
EDA PELL
CUSIP NO. 72813P-10-0 SCHEDULE 13D Page 12 of 12
Exhibit B
News From: Richard C. Blum & Associates, L.P.
Contact: Rick Mariano, 415/434-1111
RICHARD C. BLUM & ASSOCIATES ANNOUNCES TENDER OFFER FOR ALL SHARES OF TRIAD
PARK, LLC AT $1.74 PER SHARE
SAN FRANCISCO, Calif., March 26, 1998 - Richard C. Blum & Associates, L.P.
("RCBA") today announced its intention to commence a cash tender offer to buy
approximately 17,800,000 shares of Triad Park, LLC ("Triad Park") through its
acquisition vehicle, TPL Acquisition, LLC, at a price of $1.74 per share. The
offer will be for all outstanding shares of Triad Park not presently owned or
controlled by RCBA; RCBA owns and controls approximately 10.2% of the
outstanding shares of Triad Park. The offer will commence on or before March
31, 1998. The tender offer replaces RCBA's March 13 offer to acquire Triad
Park through a merger agreement; that prior offer has been withdrawn. Triad
Park shareholders will receive the same consideration -- $1.74 per share --
from the tender offer that they would have received from RCBA's prior offer to
Triad Park.
RCBA's tender offer will be conditioned upon certain terms specified in the
Offer to Purchase. Specifically, the offer will be conditioned upon (a)
receipt by RCBA of more than a majority of the shares in the tender, (b)
timely redemption by Triad Park of the company's "poison pill," (c) rejection
by the Triad Park shareholders, at the Special Meeting scheduled for March 28,
of an offer to acquire the company by The Kontrabecki Group, Inc. at $1.65125
per share and Triad Park's termination of its transaction with TKG promptly
thereafter, and (d) other customary conditions. The offer will not be
conditioned on RCBA obtaining financing. All funds necessary to consummate
the offer will be deposited in an escrow account at Bank of America no later
than March 27, 1998.
Richard C. Blum & Associates is a merchant banking and equity investment
management firm headquartered in San Francisco, California. Since its
founding in 1975, RCBA has maintained a long-term investment philosophy of
acquiring strategic blocks or making control investments in companies. RCBA
manages investments directly and through partnerships for a select group of
endowments, pension funds, financial institutions, and high net worth
individuals.
