<PAGE> 1
OMB APPROVAL
OMB Number: 3235-0145
Expires: October 31, 1997
Estimated average burden
hours per response....14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ________)*
EURONET SERVICES, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $0.02 PAR VALUE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
298736109
- --------------------------------------------------------------------------------
(CUSIP Number)
c/o Advent International Corporation
JANET LOUISE HENNESSY 101 FEDERAL STREET, BOSTON, MA 02110 617-951-9400
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
March 6, 1997
- --------------------------------------------------------------------------------
(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 / /.
Check the following box if a fee is being paid with this statement / /. (A fee
is not required only if the reporting 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.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*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> 2
SCHEDULE 13D
CUSIP NO. 298736109 PAGE 2 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ADVENT INTERNATIONAL CORPORATION
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/X/
(b)/ /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
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
NUMBER OF
SHARES 1,032,178
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING NONE
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
1,032,178
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,032,178
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO, IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 2 of 7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 3
SCHEDULE 13D
CUSIP No. 298736109 Page 3 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ADVENT INTERNATIONAL LIMITED PARTNERSHIP
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)/X/
(b)/ /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
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
NUMBER OF
SHARES 1,002,687
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING NONE
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
1,002,687
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,002,687
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 2 of 7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 4
SCHEDULE 13D
CUSIP No. 298736109 Page 4 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ADVENT CENTRAL EUROPE MANAGEMENT LIMITED PARTNERSHIP
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)/X/
(b)/ /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
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
NUMBER OF
SHARES 1,002,687
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING NONE
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
1,002,687
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,002,687
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 2 of 7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 5
SCHEDULE 13D
CUSIP No. 298736109 Page 5 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Advent Private Equity Fund -- Central Europe Limited Partnership
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/X/
(b)/ /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
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
NUMBER OF
SHARES 707,777
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING None
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
707,777
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
707,777
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 2 of 7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 6
SCHEDULE 13D
CUSIP No. 298736109 Page 6 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Hungary Private Equity Fund Limited Partnership
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/X/
(b)/ /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
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
NUMBER OF
SHARES 294,910
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING NONE
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
294,910
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
294,910
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 2 of 7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 7
SCHEDULE 13D
CUSIP No. 298736109 Page 7 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Advent Partners Limited Partnership
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/x/
(b)/ /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
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
29,491
NUMBER OF -----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY NONE
EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 29,491
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
29,491
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 2 of 7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 8
SCHEDULE 13D
CUSIP No. 298736109 Page 8 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Poland Investment Fund Limited Parnership
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/x/
(b)/ /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
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
737,268
NUMBER OF -----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY NONE
EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 737,268
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
737,268
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INLCUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 2 of 7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 9
SCHEDULE 13D
CUSIP No. 298736109 Page 9 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PIF Partners Limited Partnership
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/x/
(b)/ /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
BERMUDA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
737,268
NUMBER OF -----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY NONE
EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 737,268
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
737,268
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INLCUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 2 of 7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 10
SCHEDULE 13D
CUSIP No. 298736109 Page 10 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Copernicus Ventures Limited
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/x/
(b)/ /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
BERMUDA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
737,268
NUMBER OF -----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY NONE
EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 737,268
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
737,268
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INLCUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 2 of 7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 11
CUSIP NO.#298736109 Schedule 13D Page 11 of 21
Item 1. Security and Issuer.
This statement on Schedule 13D relates to the Reporting Persons' (as
defined in Item 2 below) beneficial ownership interest in the Common Stock,
$0.02 par value (the "Common Stock") of Euronet Services, Inc., a Delaware
corporation (the "Corporation"). The CUSIP number associated with such Common
Stock is 298736109. The address of the principal executive office of the
Corporation is Zsigmond 10, Budapest K5, Hungary.
Item 2. Identity and Background
(a) (b) (c) and (f) 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) Advent Central Europe Management Limited Partnership, a Delaware
limited partnership;
(4) Advent Private Equity Fund -- Central Europe Limited Partnership, a
Delaware limited partnership;
(5) The Hungary Private Equity Fund Limited Partnership, a Delaware
limited partnership
(6) Advent Partners Limited Partnership, a Delaware limited
partnership;
(7) The Poland Investment Fund Limited Partnership, a Delaware limited
partnership;
(8) PIF Partners Limited Partnership, a Bermuda exempted limited
partnership;
(9) Copernicus Ventures Limited, a Bermuda corporation;
The persons serving as directors and executive officers of Advent
International Corporation and Copernicus Ventures Limited are set forth on
Schedule A hereto.
<PAGE> 12
CUSIP NO.#298736109 Schedule 13D Page 12 of 21
The entities listed in subparagraph (1) through (9) above are
herein collectively referred to as the "Reporting Persons" and individually as a
"Reporting Person." Advent International Corporation ("Advent") is an investment
advisory firm. Advent Partners Limited Partnership ("Partners") and Advent
International Limited Partnership ("AILP") are venture capital investment funds
the general partner of which is Advent. AILP is the general Partner of Advent
Central Europe Management Limited Partnership ("ACEM") a venture capital
investment fund. Advent Private Equity Fund -- Central Europe Limited
Partnership ("APEFCE") and The Hungary Private Equity Fund Limited Partnership
("HPEF") are venture capital investment funds the general partner of which is
ACEM. The Poland Investment Fund Limited Partnership ("Poland") is a venture
capital investment fund the general partner of which is PIF Partners Limited
Partnership ("PIF"). Copernicus Ventures Limited ("Copernicus") is the General
Partner of PIF. Except as otherwise stated on Schedule A hereto, the principal
business address of all of the Reporting Persons is c/o Advent International
Corporation, 101 Federal Street, Boston, MA 02110.
(d) (e) During the last five years, none of the Reporting Persons nor
any person listed on Schedule A has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors). During the last five
years, none of the Reporting Persons nor any person listed on Schedule A has
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which any such person was or is subject to
a judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violations with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
The Reporting Persons acquired the Corporation's Common Stock by
exchanging their Euronet Holding N.V. (the "Holding Company") common stock for
the Corporation's Common Stock at a rate of one-for-one pursuant to the terms of
an Exchange Agreement (the "Exchange") by and among the Corporation and the
Holding Company, dated as of December 17, 1996 and effective on March 6, 1997,
the effective date of the Corporation's registration statement (Registration No.
333-18121).
Item 4. Purpose of the Transaction.
The Reporting Persons originally invested in the Holding Company, a
Netherlands Antilles company, in March 1996. Effective March 6, 1997, pursuant
to the Exchange and reorganization of the Holding Company into a Delaware
corporation, the Reporting Persons' common stock of the Holding Company was
exchanged for Common Stock of the Corporation, subject to the execution of the
underwriting agreement in connection with the initial public offering, into an
aggregate of approximately 15.9% of the outstanding shares of the Corporation's
Common Stock.
<PAGE> 13
CUSIP NO.#298736109 Schedule 13D Page 13 of 21
Pursuant to the reorganization Nicholas B. Callinan, Senior Vice
President and Managing Director of Central Europe and Eastern Europe for Advent
International Corporation, who previously served as a director of the Holding
Company, is currently serving as a director of the Corporation.
The Reporting Persons intend to periodically review their investment in
the Corporation. Depending upon future evaluations of the business prospects of
the Corporation and upon other developments, including, but not limited to,
general economic and business conditions and market conditions, the Reporting
Persons may determine to increase or decrease their equity interest in the
Corporation by acquiring additional securities, or by disposing of all or a
portion of the securities now held.
Except to the extent set forth above in this Item 4, none of the
Reporting Persons has any present plan or proposal which relates to or would
result in (i) an extraordinary corporate transaction, such as a merger,
reorganization, liquidation, or sale or transfer of a material amount of assets
involving the Corporation or any of its subsidiaries, (ii) any change in the
Corporation's present Board of Directors or management, (iii) any material
changes in the Corporation's present capitalization or dividend policy or any
other material change in the Corporation's present business or corporate
structure, (iv) any change in the Corporation's charter or by-laws, or (v) the
Corporation's common stock becoming eligible for termination of its registration
pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934.
(THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK)
<PAGE> 14
CUSIP NO.#298736109 Schedule 13D Page 14 of 21
Item 5. Interest in Securities of the Issuer.
(a) The following table sets forth the aggregate number and percentage
(based upon the number of shares of Common Stock outstanding as of March 6,
1997, the effective date of the Corporation's Registration Statement) 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
13d-3(d)(1).
<TABLE>
<CAPTION>
Number of Shares Percentage
----------------------- of Shares
Reporting Person Common(1) Total Outstanding
- ---------------- --------- ----- -----------
<S> <C> <C> <C>
Advent Private Equity Fund -- Central 707,777 707,777 4.9
Europe Limited Partnership (1)
The Hungary Private Equity Fund
Limited Partnership (1) 294,910 294,910 2.0%
--------- --------- ----
Advent Central Europe Management
Limited Partnership (1) 1,002,687 1,002,687 6.9%
--------- --------- ----
Advent International Limited
Partnership (1) 1,002,687 1,002,687 6.9%
--------- --------- ----
Advent Partners Limited Partnership (2) 29,491 29,491 0.2%
--------- --------- ----
Advent International Corporation 1,032,178 1,032,178 7.1%
--------- --------- ----
The Poland Investment Fund
Limited Partnership (3) 737,268 737,268 5.1%
--------- --------- ----
PIF Partners Limited Partnership (3) 737,268 737,268 5.1%
--------- --------- ----
Copernicus Ventures Limited (3) 737,268 737,268 5.1%
--------- --------- ----
Total Group Ownership 1,769,446 1,769,446 12.3%
========= ========= ====
</TABLE>
(1) Advent is the General Partner of AILP, which in turn is
the General Partner of ACEM. ACEM in turn is the general partner of APEFCE and
HPEF. As such, Advent has the sole power to vote and dispose of the securities
owned by the indicated reporting persons. The beneficial ownership of Advent,
AILP and ACEM derives from such power.
(2) Advent is the General Partner of Partners. As such, Advent
has the power to vote and dispose of the securities owned by Partners. The
beneficial ownership of Advent derives from such power.
- --------------
(1) The total number of shares as reported on behalf of the reporting persons
reflects the total number of shares beneficially owned after giving effect to
the sale of approximately 3.6% of the outstanding shares of the Corporation's
Common Stock in the initial public offering. The reporting persons beneficially
owned an aggregate of approximately 15.9% immediately prior to the sale of the
Corporation's Common Stock.
<PAGE> 15
CUSIP NO.#298736109 Schedule 13D Page 15 of 21
(3) Copernicus is the General Partner of PIF, which in turn is
the General Partner of Poland. Copernicus has the sole power to vote and dispose
of the securities owned by Poland. The beneficial ownership of Copernicus and
PIF derives from such power.
(b) 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.
(c) In conjunction with the initial public offering of the
Corporation, the Reporting Persons sold an aggregate of 525,000 shares of the
Corporation's Common Stock at $13.50 per share, with proceeds in the amount of
$7,087,500. The number of shares currently beneficially owned by the Reporting
Persons is approximately 12.3% of the outstanding shares of the Corporation's
Common Stock.
(d) (e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
See Item 4.
Item 7. Material to be Filed as Exhibits.
(a) Power-of-Attorney for The Poland Investment Fund
Limited Partnership,
(b) Power-of-Attorney for PIF Partners Limited
Partnership, and
(c) Power-of-Attorney for Copernicus Ventures Limited.
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.
April 11, 1997
- ---------
ADVENT INTERNATIONAL CORPORATION
By: Janet L. Hennessy
Vice President /s/ Janet L. Hennessy
----------------------
<PAGE> 16
CUSIP NO.#298736109 Schedule 13D Page 16 of 21
ADVENT INTERNATIONAL LIMITED PARTNERSHIP
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy
Vice President /s/ Janet L. Hennessy
-------------------------
ADVENT CENTRAL EUROPE MANAGEMENT
LIMITED PARTNERSHIP
By: Advent International Limited Partnership,
General Partner
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy
Vice President /s/ Janet L. Hennessy
-------------------------
ADVENT PRIVATE EQUITY FUND -- CENTRAL EUROPE
LIMITED PARTNERSHIP
By: Advent Central Europe Management Limited Partnership,
General Partner
By: Advent International Limited Partnership,
General Partner
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy
Vice President /s/ Janet L. Hennessy
-------------------------
THE HUNGARY PRIVATE EQUITY FUND
LIMITED PARTNERSHIP
By: Advent Central Europe Management Limited Partnership,
General Partner
By: Advent International Limited Partnership,
General Partner
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy
Vice President /s/ Janet L. Hennessy
-------------------------
ADVENT PARTNERS LIMITED PARTNERSHIP
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy
Vice President /s/ Janet L. Hennessy
-------------------------
THE POLAND INVESTMENT FUND LIMITED PARTNERSHIP
By: Janet L. Hennessy
Attorney-In-Fact /s/ Janet L. Hennessy
-------------------------
PIF PARTNERS LIMITED PARTNERSHIP
By: Janet L. Hennessy
Attorney-In-Fact /s/ Janet L. Hennessy
-------------------------
COPERNICUS VENTURES LIMITED
By: Janet L. Hennessy
Attorney-In-Fact /s/ Janet L. Hennessy
-------------------------
<PAGE> 17
CUSIP NO.#298736109 Schedule 13D Page 17 of 21
SCHEDULE A
The name and present principal occupation of each executive officer and
director of Advent International Corporation and Copernicus Ventures Limited are
set forth below. The business address of each executive officer and director of
Advent International Corporation is c/o Advent International Corporation, 101
Federal Street, Boston, Massachusetts 02110. The business address of each
executive officer and director of Copernicus Ventures Limited is c/o Copernicus
Capital Management Sp. z o.o, Krakowskie Przedmiescie 79, 2nd Floor, 00-079
Warszawa, Poland. All of the persons listed below are United States citizens
except for Messrs. Neil M. Milne and Neil R. Balfour who are citizens of the
United Kingdom Nicholas B. Callinan who is a citizen of Australia, and Messrs.
H. Bruce Murray, Wendell M. Hollis and Peter D. Martin who are citizens of
Bermuda.
I. Advent International Corporation
<TABLE>
<CAPTION>
Position with Principal
Advent International Occupation
Name Corporation (if different)
---- ----------- --------------
<S> <C> <C>
Peter A. Brooke Chairman
Douglas R. Brown Chief Executive Officer
President
Director
Thomas R. Armstrong Director
Executive Vice President
Chief Operating Officer
Thomas H. Lauer Senior Vice President
Chief Financial Officer
Mark Hoffman Director Chief Executive
Officer of
Hamilton Lunn Limited
Frank Savage Director Senior Vice
President of
Equitable Life
Assurance Society
Vice Chairman of
Equitable Capital
Management Corp.
William H. Gorham Secretary
</TABLE>
<PAGE> 18
CUSIP NO.#298736109 Schedule 13D Page 18 of 21
II. Copernicus Ventures Limited
<TABLE>
<CAPTION>
Position with Principal
Copernicus Occupation
Name Ventures Limited (if different)
---- ---------------- --------------
<S> <C> <C>
H. Bruce Murray Company Secretary
Neil M. Milne Director Investment Manager
York Trust Investment
Partners Limited
Neil R. Balfour Director Company Chairman
Mermaid Overseas Limited
Jeffrey L. Grady Director Investment Manager
Barents Group LLC
Nicholas B. Callinan Director Senior Vice President
and Managing Director of
Central Europe and
Eastern Europe for
Advent International
Corporation
Wendell M. Hollis Director Lawyer
Mello Hollis
Peter D. Martin Director Lawyer
Mello Hollis
</TABLE>
<PAGE> 19
EXHIBIT A
POWER OF ATTORNEY
Know all by these presents, that the undersigned hereby constitutes and
appoints Janet L. Hennessy and Thomas H. Lauer, either signing singly, his/her
true attorney-in-fact to:
(1) execute for and on behalf of the undersigned all documents
required of the undersigned related to any public registration
of securities by EURONET SERVICES, INC. and specifically
including any 5% shareholder questionnaire;
(2) execute for and on behalf of the undersigned all documents
required of the undersigned related to any sale of the
undersigned's EURONET SERVICES, INC. securities whether in a
public offering of such securities or on the public market and
specifically including any required Form 144;
(3) execute for and on behalf of the undersigned Forms 3, 4, and
5; related to EURONET SERVICES, INC. In accordance with
Section 16(a) of the Securities Exchange Act of 1934 and the
rules thereunder;
(4) execute for and on behalf of the undersigned Schedules 13D and
13G; related to EURONET SERVICES, INC.in accordance with
Section 13 of the Securities Exchange Act of 1934 and the
rules thereunder;
(5) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete
the execution of any such Form 3, 4, or 5 or Schedule 13D or
13G, and the timely filing of such forms with the United
States Securities and Exchange Commission and any other
authority; and
(6) take any other action of any type whatsoever in connection
with the foregoing which, in the opinion of such
attorney-in-fact, may be of benefit to, in the best interest
of, or legally required by, the undersigned, it being
understood that any document filed pursuant to this Power of
Attorney shall be in such form and shall contain such terms
and conditions as such attorney-in-fact may approve in his/her
discretion.
The undersigned hereby grants to each such attorney-in-fact full power
and authority to do and perform all and every act and thing whatsoever
requisite, necessary and proper to be done in the exercise of any of the rights
and powers herein granted, as fully to all intents and purposes as the
undersigned might or could no if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or his/her substitute or substitutes, shall lawfully do or
cause to be done by virtue of this Power of Attorney and the rights and powers
granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in
serving in such capacity at the request of the undersigned, are not assuming any
of the undersigned's responsibilities to comply with any section of either the
Securities Act of 1933 or the Securities Exchange Act of 1934.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney
to be executed as of this 31 day of March 1997.
THE POLAND INVESTMENT FUND LIMITED PARTNERSHIP
By: PIF Partners Limited Partnership, General Partner
By: Copernicus Ventures Limited, General Partner
/s/ Neil M. Milne
-------------------------------
Name: Neil M. Milne
Title: Director
<PAGE> 20
EXHIBIT B
POWER OF ATTORNEY
Know all by these presents, that the undersigned hereby constitutes and
appoints Janet L. Hennessy and Thomas H. Lauer, either signing singly, his/her
true attorney-in-fact to:
(7) execute for and on behalf of the undersigned all documents
required of the undersigned related to any public registration
of securities by EURONET SERVICES, INC. and specifically
including any 5% shareholder questionnaire;
(8) execute for and on behalf of the undersigned all documents
required of the undersigned related to any sale of the
undersigned's EURONET SERVICES, INC. securities whether in a
public offering of such securities or on the public market and
specifically including any required Form 144;
(9) execute for and on behalf of the undersigned Forms 3, 4, and
5; related to EURONET SERVICES, INC. in accordance with
Section 16(a) of the Securities Exchange Act of 1934 and the
rules thereunder;
(10) execute for and on behalf of the undersigned Schedules 13D and
13G; related to EURONET SERVICES, INC. in accordance with
Section 13 of the Securities Exchange Act of 1934 and the
rules thereunder;
(11) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete
the execution of any such Form 3, 4, or 5 or Schedule 13D or
13G, and the timely filing of such forms with the United
States Securities and Exchange Commission and any other
authority; and
(12) take any other action of any type whatsoever in connection
with the foregoing which, in the opinion of such
attorney-in-fact, may be of benefit to, in the best interest
of, or legally required by, the undersigned, it being
understood that any document filed pursuant to this Power of
Attorney shall be in such form and shall contain such terms
and conditions as such attorney-in-fact may approve in his/her
discretion.
The undersigned hereby grants to each such attorney-in-fact full power
and authority to do and perform all and every act and thing whatsoever
requisite, necessary and proper to be done in the exercise of any of the rights
and powers herein granted, as fully to all intents and purposes as the
undersigned might or could no if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or his/her substitute or substitutes, shall lawfully do or
cause to be done by virtue of this Power of Attorney and the rights and powers
granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in
serving in such capacity at the request of the undersigned, are not assuming any
of the undersigned's responsibilities to comply with any section of either the
Securities Act of 1933 or the Securities Exchange Act of 1934.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney
to be executed as of this 31 day of March 1997.
PIF PARTNERS LIMITED PARTNERSHIP
By: Copernicus Ventures Limited, General Partner
/s/ Neil M. Milne
---------------------------
Name: Neil M. Milne
Title: Director
<PAGE> 21
EXHIBIT C
POWER OF ATTORNEY
Know all by these presents, that the undersigned hereby constitutes and
appoints Janet L. Hennessy and Thomas H. Lauer, either signing singly, his/her
true attorney-in-fact to:
(13) execute for and on behalf of the undersigned all documents
required of the undersigned related to any public registration
of securities by EURONET SERVICES, INC. and specifically
including any 5% shareholder questionnaire;
(14) execute for and on behalf of the undersigned all documents
required of the undersigned related to any sale of the
undersigned's EURONET SERVICES, INC. securities whether in a
public offering of such securities or on the public market and
specifically including any required Form 144;
(15) execute for and on behalf of the undersigned Forms 3, 4, and
5; related to EURONET SERVICES, INC. in accordance with
Section 16(a) of the Securities Exchange Act of 1934 and the
rules thereunder;
(16) execute for and on behalf of the undersigned Schedules 13D and
13G; related to EURONET SERVICES, INC. in accordance with
Section 13 of the Securities Exchange Act of 1934 and the
rules thereunder;
(17) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete
the execution of any such Form 3, 4, or 5 or Schedule 13D or
13G, and the timely filing of such forms with the United
States Securities and Exchange Commission and any other
authority; and
(18) take any other action of any type whatsoever in connection
with the foregoing which, in the opinion of such
attorney-in-fact, may be of benefit to, in the best interest
of, or legally required by, the undersigned, it being
understood that any document filed pursuant to this Power of
Attorney shall be in such form and shall contain such terms
and conditions as such attorney-in-fact may approve in his/her
discretion.
The undersigned hereby grants to each such attorney-in-fact full power
and authority to do and perform all and every act and thing whatsoever
requisite, necessary and proper to be done in the exercise of any of the rights
and powers herein granted, as fully to all intents and purposes as the
undersigned might or could no if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or his/her substitute or substitutes, shall lawfully do or
cause to be done by virtue of this Power of Attorney and the rights and powers
granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in
serving in such capacity at the request of the undersigned, are not assuming any
of the undersigned's responsibilities to comply with any section of either the
Securities Act of 1933 or the Securities Exchange Act of 1934.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney
to be executed as of this 31 day of March 1997.
COPERNICUS VENTURES LIMITED
/s/ Neil M. Milne
------------------------------
Name: Neil M. Milne
Title: Director
