-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WL9oDD8AZYlZE+ZJI+J7iWQeW/6hSL046DMzMx7MTehD4RKwlgUUW9d8CRCKMVxY 2vc2o1SzAgT5MVVOECXSPA== 0000950116-00-000032.txt : 20000202 0000950116-00-000032.hdr.sgml : 20000202 ACCESSION NUMBER: 0000950116-00-000032 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000110 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PREMIER RESEARCH WORLDWIDE LTD CENTRAL INDEX KEY: 0001026650 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-TESTING LABORATORIES [8734] IRS NUMBER: 223264604 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-53083 FILM NUMBER: 504005 BUSINESS ADDRESS: STREET 1: 30 SOUTH 17TH STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 2159720420 MAIL ADDRESS: STREET 1: 30 SOUTH 17TH STREET CITY: PHILADELPHIA STATE: PA ZIP: 19102 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LLR EQUITY PARTNERS LP CENTRAL INDEX KEY: 0001097748 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: BELGRAVIA BUILDING STREET 2: 1811 CHESTNUT STREET SUITE 210 CITY: PHILADELPHIA STATE: PA ZIP: 19103 MAIL ADDRESS: STREET 1: BELGRAVIA BUILDING STREET 2: 1811 CHESTNUT STREET SUITE 210 CITY: PHILADELPHIA STATE: PA ZIP: 19103 SC 13D 1 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 PREMIER RESEARCH WORLDWIDE, LTD. (Name of Issuer) Common Stock (Title of Class of Securities) 740568 10 0 (CUSIP Number) Klehr, Harrison, Harvey, Branzburg & Ellers LLP Attn: Keith W. Kaplan, Esq. 260 S. Broad Street Philadelphia, PA 19102 (215) 569-4143 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 31, 1999 (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(e), 13d-1(f) or 13d-1(g), check the following box [ ] Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) 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 (the "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). (Continued on following page(s)) Page 1 of 6 _______________________________________________________________________________ CUSIP No. 740568100 SCHEDULE 13D Page 2 of 6 Pages _______________________________________________________________________________ 1 NAME OF REPORTING PERSON S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON LLR Equity Partners, L.P. ______________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] ______________________________________________________________________________ 3 SEC USE ONLY ______________________________________________________________________________ 4 SOURCE OF FUNDS* BK and OO (see Item 3) ______________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] ______________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Pennsylvania _______________________________________________________________________________ | | NUMBER OF | 7 | SOLE VOTING POWER SHARES | | 916,668 BENEFICIALLY |_____|________________________________________________________ OWNED BY | | EACH | 8 | SHARED VOTING POWER REPORTING | | 0 PERSON WITH |_____|________________________________________________________ | | | 9 | SOLE DISPOSITIVE POWER | | 916,668 |_____|________________________________________________________ | | | 10 | SHARED DISPOSITIVE POWER | | 0 _______________|_____|________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 916,668 ______________________________________________________________________________ _______________________________________________________________________________ CUSIP No. 740568100 SCHEDULE 13D Page 3 of 6 Pages _______________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] ______________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.5%(1) ______________________________________________________________________________ 14 TYPE OF REPORTING PERSON* PN ______________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT (1) The percent of class represented by the amount in row 11 reflects the Reporting Person's beneficial ownership of the Issuer's common stock. _______________________________________________________________________________ CUSIP No. 740568100 SCHEDULE 13D Page 4 of 6 Pages _______________________________________________________________________________ SCHEDULE 13D ------------ Item 1 Security and Issuer - ------ ------------------------------ This statement (the "Statement") relates to the common stock, par value $0.01 per share (the "Common Stock") of Premier Research Worldwide, Ltd. ("PRWW"). This Statement constitutes an initial filing of Schedule 13D by LLR Equity Partners, L.P.("LLR"). This Statement constitutes an initial filing of Schedule 13D by LLR. The address of PRWW's principal executive office is 30 S. 17th Street, Philadelphia, Pennsylvania 19103. Item 2 Identity and Background - ----------------------------------------- (a) This Statement is filed by LLR, as defined above. (b-c) The address of LLR's principal executive office is c/o LLR Capital, L.P., 1150 First Avenue, Suite 100, King of Prussia, Pennsylvania 19406. LLR is an investment fund. (d) During the last five years, LLR has not been convicted in any criminal proceeding. (e) During the last five years, LLR has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, as a result of which it 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 violation with respect to such laws. (f) LLR is organized in Delaware. Item 3 Source and Amount of Funds or Other Consideration - ------------------------------------------------------------------- The securities were acquired by LLR for a price of $6 per share. Four million dollars of the purchase price was drawn down from a line of credit LLR has with Mellon Bank. The remainder of the purchase price was capital raised from partners in the fund. Item 4 Purpose of the Transaction - -------------------------------------------- LLR's purpose in acquiring the shares of Common Stock was to acquire an investment position in PRWW. While LLR has no current plans to increase or (except as indicated in the next paragraph) decrease its investment position, it intends to review the investment position from time to time. Depending upon such review, as well as market and business conditions and other factors, LLR may choose to purchase additional shares of the Common Stock or to sell all or a portion of its shares of Common Stock. LLR intends to transfer to LLR Equity Partners Parallel, L.P. a portion of the shares of Common Stock that LLR owns at the same price per share that LLR paid for the Common Stock. Item 5 Interest in Securities of the Issuer - ------------------------------------------------------ (a-b) As of January 7, 2000, LLR is the beneficial owner of, and has sole dispositive and voting power with respect to, 916,668 shares of Common Stock. The 916,668 shares constitute 13.4% of the issued and outstanding shares of Common Stock (based on 6,862,250 shares of Common Stock issued and outstanding as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 1999). _______________________________________________________________________________ CUSIP No. 740568100 SCHEDULE 13D Page 5 of 6 Pages _______________________________________________________________________________ (c) Except for the transactions described in Items 3 and 4 above, LLR has not effected any transactions in the securities of the Issuer during the past sixty (60) days. (d) No persons, other than LLR, has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock beneficially owned thereby. (e) Not applicable. Item 6 Contracts, Arrangements, Understandings, or Relationships with Respect to Securities of the Issuer - -------------------------------------------------------------------------------- None. Item 7 Material to be Filed as Exhibits - -------------------------------------------------- None. _______________________________________________________________________________ CUSIP No. 740568100 SCHEDULE 13D Page 6 of 6 Pages _______________________________________________________________________________ SIGNATURE --------- After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct. January 7, 2000 Date LLR Equity Partners, L.P. By: LLR Capital, L.P. By: LLR Capital, LLC By: /s/ Ira Lubert ----------------- Name: Ira Lubert Title: Member -----END PRIVACY-ENHANCED MESSAGE-----