SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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)
Kasper A.S.L. Ltd.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
80386U109
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(CUSIP Number)
June 5, 1997
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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)
[ ] Rule 13d-1(c)
|X| Rule 13d-1(d)
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 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. 80386U109 13G Page 2 of 5 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
ING Equity Partners, L.P. I
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF 5. SOLE VOTING POWER 617,638
SHARES
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY
EACH 7. SOLE DISPOSITIVE POWER 617,638
REPORTING
PERSON WITH 8. SHARED DISPOSITIVE POWER 0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
617,638
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.1%
12. TYPE OF REPORTING PERSON*
PN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 3 of 5 pages
Item 1.
(a) Name of Issuer: Kasper A.S.L. Ltd. (formerly Sassco Fashions, Ltd.)
(b) Address of Issuer's Principal Executive Offices: 77 Metro Way,
Secaucus, New Jersey, 07094
Item 2.
(a) Name of Person Filing: This Statement on Schedule 13G is being filed
by ING Equity Partners, L.P. I (the "Reporting Person").
(b) Address of Principal Business Office: The principal business
address of the Reporting Person is 135 East 57th Street, New York, New
York 10022-2101.
(c) Citizenship: The Reporting Person was organized under the laws of the
State of Delaware.
(d) Title of Class of Securities: common stock, $.01 par value per share
(the "Common Stock").
(e) CUSIP Number: 80386U109
Item 3.
Not applicable.
Item 4. Ownership
(a) Amount Beneficially Owned: 617,638 shares of Common Stock.
(b) Percent of Class: 9.1% (based on 6,800,000 shares of Common Stock
reported outstanding as of August 14, 1998).
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 617,638
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of: 617,638
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Page 4 of 5 pages
(iv) shared power to dispose or to direct the disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of Five Percent or Less of a Class
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
Not applicable.
Item 9. Notice of Dissolution
Not applicable.
Item 10. Certification
By signing below I certify that, to the best of my 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.
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Page 5 of 5 pages
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Date: November 24, 1998
ING EQUITY PARTNERS, L.P. I
By: /s/ Olivier Trouveroy
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Name: Olivier Trouveroy
Title: Managing Partner
