<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(AMENDMENT NO. )(1)
Corsair Communication, Inc.
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(Name of Issuer)
Common Stock, par value $.001
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(Title of Class of Securities)
220406-10-2
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(CUSIP Number)
June 22, 1998
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(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
(Continued on the following pages)
(Page 1 of 8 Pages)
- ------------
(1) 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 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
CUSIP NO. 220406-10-2 13G PAGE 2 OF 13 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ADVENT INTERNATIONAL CORPORATION
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2 CHECK THE APPROPRIATE ROW IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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5 SOLE VOTING POWER
NUMBER OF
SHARES 1,848,209
BENEFICIALLY -----------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING NONE
PERSON -----------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
1,848,209
-----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
NONE
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,848,209
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.5%
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12 TYPE OF REPORTING PERSON*
CO, IA
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 3
CUSIP NO. 220406-10-2 13G PAGE 3 OF 13 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ADVENT INTERNATIONAL LIMITED PARTNERSHIP
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE ROW IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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5 SOLE VOTING POWER
NUMBER OF
SHARES 1,817,076
BENEFICIALLY -----------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING NONE
PERSON -----------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
1,817,076
-----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
NONE
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,817,076
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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
10.2%
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 4
CUSIP NO. 220406-10-2 13G PAGE 4 OF 13 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ADVENT GLOBAL MANAGEMENT LIMITED PARTNERSHIP
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2 CHECK THE APPROPRIATE ROW IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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5 SOLE VOTING POWER
NUMBER OF
SHARES 924,105
BENEFICIALLY -----------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING NONE
PERSON -----------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
924,105
-----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
NONE
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
924,105
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.2%
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 5
CUSIP NO. 220406-10-2 13G PAGE 5 OF 13 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ADVENT GLOBAL GECC LIMITED PARTNERSHIP
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE ROW IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 924,105
BENEFICIALLY -----------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING NONE
PERSON -----------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
924,105
-----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
924,105
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.2%
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 6
CUSIP NO. 220406-10-2 13G PAGE 6 OF 13 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DIGITAL MEDIA AND COMMUNICATIONS LIMITED PARTNERSHIP
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE ROW IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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5 SOLE VOTING POWER
NUMBER OF
SHARES 270,305
BENEFICIALLY -----------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING NONE
PERSON -----------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
270,305
-----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
NONE
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
270,305
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.5%
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 7
CUSIP NO. 220406-10-2 13G PAGE 7 OF 13 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GLOBAL PRIVATE EQUITY LIMITED II PARTNERSHIP
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2 CHECK THE APPROPRIATE ROW IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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5 SOLE VOTING POWER
NUMBER OF
SHARES 622,666
BENEFICIALLY -----------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING NONE
PERSON -----------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
622,666
-----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
NONE
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
622,666
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.5%
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 8
CUSIP NO. 220406-10-2 13G PAGE 8 OF 13 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ADVENT PARTNERS LIMITED PARTNERSHIP
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2 CHECK THE APPROPRIATE ROW IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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5 SOLE VOTING POWER
NUMBER OF
SHARES 31,133
BENEFICIALLY -----------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING NONE
PERSON -----------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
31,133
-----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
NONE
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,133
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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
0.2%
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 9
CUSIP NO. 220406-10-2 Schedule 13G Page 9 of 13
ITEM 1.
(a) (b) This statement on Schedule 13G relates to the Reporting
Persons' (as defined in Item 2 below) beneficial ownership interest in Corsair
Communications, Inc. a Delaware Corporation (the "Corporation"). The address of
the principal executive office of the Corporation is 3408 Hilview Avenue, Palo
Alto, CA 94304.
ITEM 2.
(a)(b)(c) This statement is being filed by the following entities:
(1) Advent International Corporation, a Delaware corporation;
(2) Advent International Limited Partnership, a Delaware limited
partnership;
(3) Advent Global Management Limited Partnership, a Delaware
limited partnership;
(4) Digital Media and Communications Limited Partnership, a
Delaware limited partnership;
(5) Global Private Equity II Limited Partnership, a Delaware
limited partnership;
(6) Advent Global GECC Limited Partnership, a Delaware limited
partnership;
(7) Advent Partners Limited Partnership, a Delaware limited
partnership;
The entities listed in subparagraph (1) through (7) above are herein
collectively referred to as the "Reporting Persons" and individually as a
"Reporting Person." The principal business address of all of the Reporting
Persons is c/o Advent International Corporation, 101 Federal Street, Boston, MA
02110.
(d)(e) This statement relates to the Common Stock, par value
$.001 per share (the "Common Stock") of the Corporation named
in Item 1 of this statement. The CUSIP number associated with
such Common Stock is 220406-10-2.
ITEM 3. FILING PURSUANT TO RULE 13d-1(b), OR 13d-2(b).
This statement is not being filed pursuant to Rule 13d-1(b), or 13d-2(b).
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CUSIP NO. 220406-10-2 Schedule 13G Page 10 of 13
ITEM 4. OWNERSHIP.
(a)(b) The following table sets forth the aggregate number and
percentage (based upon the number of Common Stock outstanding as of June 22,
1998) 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
Under of Shares
Reporting Person Common Warrants Total Outstanding
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<S> <C> <C> <C> <C>
Advent Global GECC Limited Partnership (1) 924,105 924,105 5.2%
--------- --------- ----
Advent Global Management Limited Partnership (1) 924,105 924,105 5.2%
Digital Media and Communications Limited Partnership (2) 270,305 270,305 1.5%
Global Private Equity II Limited Partnership. (2) 622,666 622,666 3.5%
--------- --------- ----
Advent International Limited Partnership (1),(2) 1,848,209 1,848,209 10.3%
--------- --------- ----
Advent Partners Limited Partnership (3) 31,133 31,133 0.2%
--------- --------- ----
Advent International Corporation 1,848,209 1,848,209 10.5%
========= ========= ====
Total Group Ownership 1,848,209 1,848,209 10.5%
========= ========= ====
</TABLE>
(1) Advent International Corporation ("AIC") is the General Partner of
Advent International Limited Partnership ("AILP"), which in turn is the General
Partner of Advent Global Management Limited Partnership ("AGMLP"), the General
Partner of Advent Global GECC Limited Partnership ("GECC"). As such, AIC has the
sole power to vote and dispose of the securities owned by the indicated
reporting persons. The beneficial ownership of AIC, AILP and AGMLP derive from
such power.
(2) AIC is the General Partner of AILP, which in turn is the General
Partner of the indicated Reporting Persons. As such, AIC has the sole power to
vote and dispose of the securities owned by the indicated reporting persons. The
beneficial ownership of AIC and AILP derive from such power.
(3) AIC is the General Partner of Advent Partners Limited Partnership
("Partners "). As such, AIC has the sole power to vote and dispose of the
securities of the indicated reporting person. The beneficial ownership of AIC
derives from such power.
<PAGE> 11
CUSIP NO. 220406-10-2 Schedule 13G Page 11 of 13
(c) Each of the Reporting Persons listed in the table set forth above has
sole voting and dispositive power over the Common Stock beneficially owned by it
as indicated above.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not Applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not Applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
The information for this item is contained on the individual cover
pages to this filing, and is incorporated herein by reference.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable.
(The Remainder of This Page Is Intentionally Left Blank)
<PAGE> 12
CUSIP NO. 220406-10-2 Schedule 13G Page 12 of 13
ITEM 10. CERTIFICATION.
By signing below we certify that, to the best of our knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
July 1, 1998
ADVENT INTERNATIONAL CORPORATION
By: /s/ Janet L. Hennessy
--------------------------------------
Janet L. Hennessy
Vice President
ADVENT INTERNATIONAL LIMITED PARTNERSHIP
By: Advent International Corporation,
General Partner
By: /s/ Janet L. Hennessy
--------------------------------------
Janet L. Hennessy
Vice President
ADVENT GLOBAL MANAGEMENT LIMITED PARTNERSHIP
By: Advent International Limited Partnership,
General Partner
By: Advent International Corporation,
General Partner
By: /s/ Janet L. Hennessy
--------------------------------------
Janet L. Hennessy
Vice President
DIGITAL MEDIA AND COMMUNICATIONS LIMITED PARTNERSHIP
By: Advent International Limited Partnership,
General Partner
By: Advent International Corporation,
General Partner
By: /s/ Janet L. Hennessy
--------------------------------------
Janet L. Hennessy
Vice President
<PAGE> 13
CUSIP NO. 220406-10-2 Schedule 13G Page 13 of 13
GLOBAL PRIVATE EQUITY II LIMITED PARTNERSHIP
By: Advent International Limited Partnership,
General Partner
By: Advent International Corporation,
General Partner
By: /s/ Janet L. Hennessy
--------------------------------------
Janet L. Hennessy
Vice President
ADVENT GLOBAL GECC LIMITED PARTNERSHIP
By: Advent Global Management Limited Partnership,
General Partner
By: Advent International Limited Partnership,
General Partner
By: Advent International Corporation,
General Partner
By: /s/ Janet L. Hennessy
--------------------------------------
Janet L. Hennessy
Vice President
ADVENT PARTNERS LIMITED PARTNERSHIP
By: Advent International Corporation,
General Partner
By: /s/ Janet L. Hennessy
--------------------------------------
Janet L. Hennessy
Vice President
