<PAGE> 1
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OMB APPROVAL
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OMB Number: 3235-0145
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
@ENTERTAINMENT INC.
----------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
----------------------------------------------------------
(Title of Class of Securities)
045920-10-1
----------------------------------------------------------
(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).
SEC 1745 (2/92)
Page 1 of 21 Pages
<PAGE> 2
CUSIP NO. 045920-10-1 SCHEDULE 13G Page 2 of 21
- --------------------------------------------------------------------------------
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. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
9,524,000
NUMBER OF -------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY None
EACH -------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 9,524,000
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,524,000
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
28.6%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
CO, IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 3
CUSIP NO. 045920-10-1 SCHEDULE 13G Page 3 of 21
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Advent ECO III Limited Liability Company
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
9,524,000
NUMBER OF -------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY None
EACH -------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 9,524,000
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,524,000
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
28.6%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 4
CUSIP NO. 045920-10-1 SCHEDULE 13G Page 4 of 21
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ECO Holdings III Limited Partnership
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
9,524,000
NUMBER OF -------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY None
EACH -------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 9,524,000
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,524,000
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
28.6%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 5
CUSIP NO. 045920-10-1 SCHEDULE 13G Page 5 of 21
- --------------------------------------------------------------------------------
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. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
838,856
NUMBER OF -------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY None
EACH -------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 838,856
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
838,856
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 6
CUSIP NO. 045920-10-1 SCHEDULE 13G Page 6 of 21
- --------------------------------------------------------------------------------
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. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
838,856
NUMBER OF -------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY None
EACH -------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 838,856
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
838,856
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 7
CUSIP NO. 045920-10-1 SCHEDULE 13G Page 7 of 21
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Advent Global Management Limited Partnership
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
1,447,024
NUMBER OF -------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY None
EACH -------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 1,447,024
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,447,024
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.3%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 8
CUSIP NO. 045920-10-1 SCHEDULE 13G Page 8 of 21
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Advent Global GECC Limited Partnership
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
1,447,024
NUMBER OF -------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY None
EACH -------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 1,447,024
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,447,024
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.3%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 9
CUSIP NO. 045920-10-1 SCHEDULE 13G Page 9 of 21
- --------------------------------------------------------------------------------
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. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
5,166,149
NUMBER OF -------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY None
EACH -------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 5,166,149
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,166,149
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 10
CUSIP NO. 045920-10-1 SCHEDULE 13G Page 10 of 21
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Advent Euro-Italian Direct Investment Program Limited Partnership
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
206,019
NUMBER OF -------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY None
EACH -------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 206,019
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
206,019
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.6%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 11
CUSIP NO. 045920-10-1 SCHEDULE 13G Page 11 of 21
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Global Private Equity II Limited Partnership
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
2,110,420
NUMBER OF -------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY None
EACH -------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 2,110,420
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,110,420
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.3%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 12
CUSIP NO. 045920-10-1 SCHEDULE 13G Page 12 of 21
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Global Private Equity II PGGM Limited Partnership
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
239,522
NUMBER OF -------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY None
EACH -------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 239,522
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
239,522
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.7%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 13
CUSIP NO. 045920-10-1 SCHEDULE 13G Page 13 of 21
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Advent Global Private Equity II - Europe Limited Partnership
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
324,308
NUMBER OF -------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY None
EACH -------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 324,308
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
324,308
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.0%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 14
CUSIP NO. 045920-10-1 SCHEDULE 13G Page 14 of 21
- --------------------------------------------------------------------------------
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. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
50,282
NUMBER OF -------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY None
EACH -------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 50,282
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,282
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.2%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 15
CUSIP NO. 045920-10-1 SCHEDULE 13G Page 15 of 21
ITEM 1.
(a) (b) This statement on Schedule 13G relates to the Reporting Persons'
(as defined in Item 2 below) beneficial ownership interest in @Entertainment
Inc. a Delaware corporation (the "Corporation"). The address of the principal
executive office of the Corporation is One Commercial Plaza, Hartford, CT 06103.
ITEM 2.
(a) (b) (c) This statement is being filed by the following entities:
(1) Advent International Corporation, a Delaware corporation;
(2) Advent ECO III Limited Liability Company, a Massachusetts limited
liability company;
(3) ECO Holdings III Limited Partnership, a Delaware limited partnership;
(4) Advent Central Europe Management Limited Partnership, a Delaware
limited partnership;
(5) Advent Private Equity Fund - Central Europe Limited Partnership, a
Delaware limited partnership;
(6) Advent Global Management Limited Partnership, a Delaware limited
partnership;
(7) Advent Global GECC Limited Partnership, a Delaware limited
partnership;
(8) Advent International Limited Partnership, a Delaware limited
partnership;
(9) Advent Euro-Italian Direct Investment Program Limited Partnership, a
Delaware limited partnership;
(10) Global Private Equity II Limited Partnership, a Delaware limited
partnership;
(11) Global Private Equity II - PGGM Limited Partnership, a Delaware
limited partnership;
(12) Global Private Equity II - Europe Limited Partnership, a Delaware
limited partnership;
(13) Advent Partners Limited Partnership, a Delaware limited partnership.
<PAGE> 16
CUSIP NO. 045920-10-1 SCHEDULE 13G Page 16 of 21
The entities listed in subparagraph (1) through (13) 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 $0.01 per
share, (the "Common Stock") of the Corporation named in Item 1 of this
statement. The CUSIP number associated with such Common Stock is 045920-10-1.
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).
(THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK)
<PAGE> 17
CUSIP NO. 045920-10-1 SCHEDULE 13G Page 17 of 21
ITEM 4. OWNERSHIP.
(a) (b) The following table sets forth the aggregate number and percentage
(based upon the number of shares of Common Stock outstanding as of December 31,
1997) 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
- -------------------------------------------------- ----------------------------------------------------
<S> <C> <C> <C>
ECO Holdings III Limited Partnership (1) 9,524,000 9,524,000 28.6%
========= ========= ====
Advent ECO III Limited Liability Company (1) 9,524,000 9,524,000 28.6%
--------- --------- ----
Advent Private Equity Fund - Central
Europe Limited Partnership (2) 838,856 838,856 2.5%
--------- --------- ----
Advent Central Europe Management
Limited Partnership (2) 838,856 838,856 2.5%
Advent Global GECC Limited Partnership (3) 1,447,024 1,447,024 4.3%
--------- --------- ----
Advent Global Management Limited Partnership (3) 1,447,024 1,447,024 4.3%
Advent Euro-Italian Direct Investment
Program Limited Partnership (4) 206,019 206,019 0.6%
Global Private Equity II Limited Partnership (4) 2,110,420 2,110,420 6.3%
Global Private Equity II - PGGM
Limited Partnership (4) 239,522 239,522 0.7%
Global Private Equity II - Europe
Limited Partnership (4) 324,308 324,308 1.0%
--------- --------- ----
Advent International Limited
Partnership (2), (3), (4) 5,166,149 5,166,149 15.5%
--------- --------- ----
Advent Partners Limited Partnership (5) 50,282 50,282 0.2%
--------- --------- ----
Advent International Corporation
(1), (2), (3), (4), (5) 9,524,000 9,524,000 28.6%
========= ========= ====
Total Group Ownership 9,524,000 9,524,000 28.6%
========= ========= =====
</TABLE>
(1) Advent ECO III Limited Liability Company (the "LLC") is the General
Partner of ECO Holdings III Limited Partnership ("ECO-3"). Certain members of
the LLC are also limited partners of ECO-3, which are venture capital funds
managed by Advent International Corporation ("AIC"). 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 the LLC derive from such power.
(2) AIC is the General Partner of Advent International Limited Partnership
("AILP"), the General Partner of Advent Central Europe Management Limited
Partnership ("ACEMLP"). ACEMLP, in turn, is the General Partner of Advent
Private Equity Fund - Central Europe Limited Partnership ("APEF"). APEF is a
limited partner of ECO-3 and a member of the LLC. As such, AIC has the sole
power to vote and dispose of the securities deemed beneficially owned by the
indicated reporting persons. The beneficial ownership of AIC, AILP and ACEMLP
derives from such power.
<PAGE> 18
CUSIP NO. 045920-10-1 SCHEDULE 13G Page 18 of 21
(3) AIC is the General Partner of Advent International Limited Partnership
("AILP"), the General Partner of Advent Global Management Limited Partnership
("AGMLP"). AGMLP, in turn, is the General Partner of Advent Global GECC Limited
Partnership ("GECC"). GECC is a limited partner of ECO-3 and a member of the
LLC. As such, AIC has the sole power to vote and dispose of the securities
deemed beneficially owned by the indicated reporting persons. The beneficial
ownership of AIC, AILP and AGMLP derive from such power.
(4) AIC is the General Partner of Advent International Limited Partnership
("AILP"), the General Partner of Advent Euro-Italian Direct Investment Program
Limited Partnership ("AEIDIP"), Global Private Equity II Limited Partnership
("GPE-2"), Global Private Equity II - PGGM Limited Partnership ("GPE-2P"), and
Global Private Equity II - Europe Limited partnership ("GPE-2E"). AEIDIP, GPE-2,
GPE-2P and GPE-2E are limited partners of ECO-3 and members of the LLC. As such,
AIC has the sole power to vote and dispose of the securities deemed beneficially
owned by the indicated Reporting Persons. The beneficial ownership of AIC and
AILP derive from such power.
(5) AIC is the General Partner of Advent Partners Limited Partnership
("APLP"). APLP is a limited partner of ECO-3 and a member of the LLC. As such,
AIC has the sole power to vote and dispose of the securities deemed beneficially
owned by the indicated reporting person. The beneficial ownership of AIC derives
from such power.
(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.
The 9,524,000 shares of Common Stock of the Corporation were acquired by
ECO-3, the General Partner of which is the LLC. Certain members of the LLC are
also limited partners of ECO-3, which are venture capital funds managed by AIC.
In this regard, AIC may be deemed to be the beneficial owner of the shares
deemed beneficially owned by the managed funds. The other limited partners of
ECO-3 are entities unaffiliated with AIC and whose ownership is not required to
be aggregated for group reporting purposes.
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.
<PAGE> 19
CUSIP NO. 045920-10-1 SCHEDULE 13G Page 19 of 21
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.
February 11, 1998
ADVENT INTERNATIONAL CORPORATION
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President ------------------------------
ADVENT ECO III LIMITED LIABILITY COMPANY
By: Global Private Equity II
Limited Partnership, member
By: Advent International Limited Partnership,
General Partner
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President ------------------------------
ECO HOLDINGS III LIMITED PARTNERSHIP
By: Advent ECO III Limited Liability Company
By: Global Private Equity II Limited Partnership, a member
By: Advent International Limited Partnership,
Its General Partner
By: Advent International Corporation,
Its General Partner
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President ------------------------------
ADVENT PRIVATE EQUITY FUND - CENTRAL EUROPE LIMITED PARTNERSHIP
By: Advent Central Europe Management Limited Partnership,
Its General Partner
By: Advent International Limited Partnership,
Its General Partner
By: Advent International Corporation,
Its General Partner
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President ------------------------------
<PAGE> 20
CUSIP NO. 045920-10-1 SCHEDULE 13G Page 20 of 21
ADVENT CENTRAL EUROPE MANAGEMENT LIMITED PARTNERSHIP
By: Advent International Limited Partnership,
Its General Partner
By: Advent International Corporation,
Its General Partner
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President ------------------------------
ADVENT GLOBAL GECC LIMITED PARTNERSHIP
By: Advent Global Management Limited Partnership,
Its General Partner
By: Advent International Limited Partnership,
Its General Partner
By: Advent International Corporation,
Its General Partner
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President ------------------------------
ADVENT GLOBAL MANAGEMENT LIMITED PARTNERSHIP
By: Advent International Limited Partnership,
Its General Partner
By: Advent International Corporation,
Its General Partner
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President ------------------------------
ADVENT EURO-ITALIAN DIRECT INVESTMENT PROGRAM LIMITED PARTNERSHIP
By: Advent International Limited Partnership,
Its General Partner
By: Advent International Corporation,
Its General Partner
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President ------------------------------
GLOBAL PRIVATE EQUITY II LIMITED PARTNERSHIP
By: Advent International Limited Partnership,
Its General Partner
By: Advent International Corporation,
Its General Partner
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President ------------------------------
<PAGE> 21
CUSIP NO. 045920-10-1 SCHEDULE 13G Page 21 of 21
GLOBAL PRIVATE EQUITY II - PGGM LIMITED PARTNERSHIP
By: Advent International Limited Partnership,
Its General Partner
By: Advent International Corporation,
Its General Partner
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President ------------------------------
GLOBAL PRIVATE EQUITY II - EUROPE LIMITED PARTNERSHIP
By: Advent International Limited Partnership,
Its General Partner
By: Advent International Corporation,
Its General Partner
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President ------------------------------
ADVENT INTERNATIONAL LIMITED PARTNERSHIP
By: Advent International Corporation,
Its General Partner
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President ------------------------------
ADVENT PARTNERS LIMITED PARTNERSHIP
By: Advent International Corporation,
Its General Partner
By: Janet L. Hennessy /s/ Janet L. Hennessy
Vice President ------------------------------
