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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)
LeCroy Corporation
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(Name of issuer)
Common Stock, par value $.01
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(Title of class of securities)
52324W-10-9
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(CUSIP number)
June 30, 1999
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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 13 Pages)
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(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).
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CUSIP NO. 52324W-10-9 Schedule 13G Page 2 of 13
Item 1: Advent International Corporation
Item 2: (a) X
Item 4: Delaware
Item 5: 750,000
Item 6: None
Item 7: 750,000
Item 8: None
Item 9: 750,000
Item 10: Not Applicable
Item 11: 8.9%
Item 12: CO, IA
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CUSIP NO. 52324W-10-9 Schedule 13G Page 3 of 13
Item 1: Advent International Limited Partnership
Item 2: (a) X
Item 4: Delaware
Item 5: 736,875
Item 6: None
Item 7: 736,875
Item 8: None
Item 9: 736,875
Item 10: Not Applicable
Item 11: 8.3%
Item 12: PN
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CUSIP NO. 52324W-10-9 Schedule 13G Page 4 of 13
Item 1: Advent Global Management Limited Partnership
Item 2: (a) X
Item 4: Delaware
Item 5: 525,000
Item 6: None
Item 7: 525,000
Item 8: None
Item 9: 525,000
Item 10: Not Applicable
Item 11: 6.4%
Item 12: PN
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CUSIP NO. 52324W-10-9 Schedule 13G Page 5 of 13
Item 1: Advent Global GECC Limited Partnership
Item 2: (a) X
Item 4: Delaware
Item 5: 525,000
Item 6: None
Item 7: 525,000
Item 8: None
Item 9: 525,000
Item 10: Not Applicable
Item 11: 6.4%
Item 12: PN
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CUSIP NO. 52324W-10-9 Schedule 13G Page 6 of 13
Item 1: Envirotech Investment Fund I Limited Partnership
Item 2: (a) X
Item 4: Delaware
Item 5: 106,875
Item 6: None
Item 7: 106,875
Item 8: None
Item 9: 106,875
Item 10: Not Applicable
Item 11: 1.4%
Item 12: PN
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CUSIP NO. 52324W-10-9 Schedule 13G Page 7 of 13
Item 1: Adwest Limited Partnership
Item 2: (a) X
Item 4: Delaware
Item 5: 30,000
Item 6: None
Item 7: 30,000
Item 8: None
Item 9: 30,000
Item 10: Not Applicable
Item 11: 0.4%
Item 12: PN
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CUSIP NO. 52324W-10-9 Schedule 13G Page 8 of 13
Item 1: Oakstone Ventures Limited Partnership
Item 2: (a) X
Item 4: Delaware
Item 5: 75,000
Item 6: None
Item 7: 75,000
Item 8: None
Item 9: 75,000
Item 10: Not Applicable
Item 11: 1.0%
Item 12: PN
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CUSIP NO. 52324W-10-9 Schedule 13G Page 9 of 13
Item 1: Advent Partners Limited Partnership
Item 2: (a) X
Item 4: Delaware
Item 5: 13,125
Item 6: None
Item 7: 13,125
Item 8: None
Item 9: 13,125
Item 10: Not Applicable
Item 11: 0.2%
Item 12: PN
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CUSIP NO. 52324W-10-9 Schedule 13G Page 10 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 LeCroy
Corporation a Delaware corporation (the "Corporation"). The address of the
principal executive office of the Corporation is 700 Chestnut Ridge Road,
Chestnut Ridge, NY 10977.
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) Advent Global GECC Limited Partnership, a Delaware limited
partnership;
(5) Envirotech Investment Fund I Limited Partnership, a Delaware
limited partnership;
(6) Adwest Limited Partnership, a Delaware limited partnership;
(7) Oakstone Ventures Limited Partnership, a Delaware limited
partnership; and
(8) Advent Partners Limited Partnership, a Delaware limited
partnership
The entities listed in subparagraph (1) through (8) 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, 75 State Street, Boston, MA
02109.
(d) (e) This statement relates to the Common Stock, par value $.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 52324W-10-9.
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CUSIP NO. 52324W-10-9 Schedule 13G Page 11 of 13
Item 3. Filing pursuant to Rule 13d-1(b), or 13d-2(b) or (c).
This statement is not being filed pursuant to Rule 13d-1(b), or
13d-2(b) or (c). This statement is being filed pursuant to rule 13d-1(c).
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
April 20, 1999) 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 13G-3(d)(1).
<TABLE>
<CAPTION>
Number of Shares
---------------------------------
Percentage
CSE Under of Shares
Reporting Person Preferred Warrants Total Outstanding
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<S> <C> <C> <C> <C>
Advent Global GECC Limited Partnership (1) 350,000 175,000 525,000 6.4%
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Advent Global Management Limited Partnership (1) 350,000 175,000 525,000 6.4%
Envirotech Investment Fund I Limited Partnership (2) 71,250 35,625 106,875 1.4%
Adwest Limited Partnership (2) 20,000 10,000 30,000 0.4%
Oakstone Ventures Limited Partnership (2) 50,000 25,000 75,000 1.0%
------- ------- ------- ----
Advent International Limited Partnership (2) 491,250 245,625 736,875 8.3%
Advent Partners Limited Partnership (3) 8,750 4,375 13,125 0.2%
------- ------- ------- ----
Advent International Corporation (1,)(2),(3) 500,000 250,000 750,000 8.9%
======= ======= ======= ====
Total Group 500,000 250,000 750,000 8.9%
======= ======= ======= ====
</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. As such, AIC has the sole
power to vote and dispose of the securities owned by the indicated Reporting
Person. 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.
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CUSIP NO. 52324W-10-9 Schedule 13G Page 12 of 13
(3) AIC is the General Partner of Advent Partners Limited Partnership
("APLP"). As such, AIC has the sole power to vote and dispose of the securities
of APLP. 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.
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.
Item 10. Certification.
By signing below we certify that, to the best of our knowledge and
belief, the securities referred to above were not acquired for the purpose
of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
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CUSIP NO. 52324W-10-9 Schedule 13G Page 13 of 13
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 15, 1999
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: Janet L. Hennessy
Vice President /s/ Janet L. Hennessy
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ADVENT GLOBAL 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
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ENVIROTECH INVESTMENT FUND I 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
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ADWEST LIMITED PARTNERSHIP
By: Advent International Partnership, General Partner
By: Advent International Corporation, General Partner
By: Janet L. Hennessy
Vice President /s/ Janet L. Hennessy
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OAKSTONE VENTURES LIMITED PARTNERSHIP
By: Advent International Partnership, General Partner
By: Advent International Corporation, General Partner
By: Janet L. Hennessy
Vice President /s/ Janet L. Hennessy
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ADVENT INTERNATIONAL LIMITED PARTNERSHIP
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy
Vice President /s/ Janet L. Hennessy
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ADVENT PARTNERS LIMITED PARTNERSHIP
By: Advent International Corporation, General Partner
By: Janet L. Hennessy
Vice President /s/ Janet L. Hennessy
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ADVENT INTERNATIONAL CORPORATION
By: Janet L. Hennessy
Vice President /s/ Janet L. Hennessy
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