-----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, IJ5qlDTwdUjuQfskeIRIbaaFlHifeQgW50hyGPi5grZj6eXhGhSjj5Ts0TLi3az6 gVChpGpn7Bxjp6FVXLuHBw== 0001104659-06-035719.txt : 20060517 0001104659-06-035719.hdr.sgml : 20060517 20060517161241 ACCESSION NUMBER: 0001104659-06-035719 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20060517 DATE AS OF CHANGE: 20060517 GROUP MEMBERS: GTCR CAPITAL PARTNERS, L.P. GROUP MEMBERS: GTCR CO-INVEST, L.P. GROUP MEMBERS: GTCR GOLDER RAUNER, L.L.C. GROUP MEMBERS: GTCR MEZZANINE PARTNERS, L.P. GROUP MEMBERS: GTCR PARTNERS VI, L.P. GROUP MEMBERS: GTCR PARTNERS VII, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SYNAGRO TECHNOLOGIES INC CENTRAL INDEX KEY: 0000895565 STANDARD INDUSTRIAL CLASSIFICATION: REFUSE SYSTEMS [4953] IRS NUMBER: 760511324 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46945 FILM NUMBER: 06849308 BUSINESS ADDRESS: STREET 1: 1800 BERING STE 1000 CITY: HOUSTON STATE: TX ZIP: 77057 BUSINESS PHONE: 7133691700 MAIL ADDRESS: STREET 1: 1800 BERING STE 1000 CITY: HOUSTON STATE: TX ZIP: 77057 FORMER COMPANY: FORMER CONFORMED NAME: N-VIRO RECOVERY INC DATE OF NAME CHANGE: 19940531 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GTCR FUND VII LP CENTRAL INDEX KEY: 0001104997 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O GTCR GOLDER RAUNER LLC STREET 2: SEARS TOWER #6100 CITY: CHICAGO STATE: IL ZIP: 60606-6402 BUSINESS PHONE: 3123822200 MAIL ADDRESS: STREET 1: C/O GTCR GOLDER RAUNER LLC STREET 2: SEARS TOWER #6100 CITY: CHICAGO STATE: IL ZIP: 60606-6402 SC 13D/A 1 a06-8526_1sc13da.htm AMENDMENT

 

 

UNITED STATES

OMB APPROVAL

 

SECURITIES AND EXCHANGE
COMMISSION

OMB Number:
3235-0145

 

Washington, D.C. 20549

Expires: December 31, 2005

 

SCHEDULE 13D

Estimated average burden hours per response. . 11

Under the Securities Exchange Act of 1934
(Amendment No.  6)*

SYNAGRO TECHNOLOGIES, INC.

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

871562203

(CUSIP Number)

 

David A. Donnini
GTCR Golder Rauner, L.L.C.
6100 Sears Tower
Chicago, Illinois 60606 6402
(312) 382 2200

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

COPY TO:

Stephen L. Ritchie, P.C.
Kirkland & Ellis LLP
200 E. Randolph Drive
Chicago, Illinois 60601
(312) 861 2000

 

May 17, 2006

(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 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 (“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).

 



 

CUSIP No.   871562203

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
GTCR Fund VII, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

  o

 

 

(b)

  ý

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
Not Applicable

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
0

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
0

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

2



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
GTCR Partners VII, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

  o

 

 

(b)

  ý

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
Not Applicable

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
0

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
0

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

3



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
GTCR Co-Invest, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

   o

 

 

(b)

   ý

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
Not Applicable

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
0

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
0

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

4



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
GTCR Capital Partners, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

   o

 

 

(b)

   ý

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
Not Applicable

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
0

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
0

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

5



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
GTCR Mezzanine Partners, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

   o

 

 

(b)

   ý

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
Not Applicable

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
0

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
0

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

6



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
GTCR Partners VI, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

   o

 

 

(b)

   ý

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
Not Applicable

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
0

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
0

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

7



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
GTCR Golder Rauner, L.L.C.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

   o

 

 

(b)

   ý

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
Not Applicable

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
0

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
0

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    o

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0%

 

 

14.

Type of Reporting Person (See Instructions)
OO

 

8



 

Item 1.

Security and Issuer

This statement relates to the common stock, par value $.002 per share (the “Common Stock”), of Synagro Technologies, Inc. (the “Issuer”) with its principal executive offices at 1800 Bering Drive, Suite 1000, Houston, TX 77057.

Item 2.

Identity and Background

(a) This statement is being jointly filed by each of the following persons pursuant to Rule-13d 1(k) promulgated by the Securities and Exchange Commission (the “Commission”) pursuant to Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (i) GTCR Fund VII, L.P., a Delaware limited partnership (“Fund VII”), by virtue of its direct beneficial ownership of Common Stock; (ii) GTCR Co-Invest, L.P., a Delaware limited partnership (“Co-Invest”), by virtue of its direct beneficial ownership of Common Stock; (iii) GTCR Capital Partners, L.P., a Delaware limited partnership (“Capital Partners” and together with Fund VII and Co-Invest, the “GTCR Funds”), by virtue of its direct beneficial ownership of Common Stock; (iv) GTCR Partners VII, L.P., a Delaware limited partnership (“GTCR Partners VII”), by virtue of it being the general partner of Fund VII; (v) GTCR Mezzanine Partners, L.P., a Delaware limited partnership (“Mezzanine Partners”), by virtue of it being the general partner of Capital Partners; (vi) GTCR Partners VI, L.P., a Delaware limited partnership (“GTCR Partners VI”), by virtue of it being the general partner of Mezzanine Partners; and (vii) GTCR Golder Rauner, L.L.C., a Delaware limited liability company (“GTCR”), by virtue of it being the general partner of GTCR Partners VII, Co-Invest and GTCR Partners VI.  Fund VII, Co-Invest, Capital Partners, GTCR Partners VII, Mezzanine Partners, GTCR Partners VI and GTCR are sometimes referred to herein individually as a “Reporting Person” and collectively as the “Reporting Persons.”

Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person assumes responsibility for the accuracy or completeness of information by another Reporting Person.

The Reporting Persons may be deemed to constitute a “group” for purposes of Section 13(d)(3) of the Exchange Act.  The Reporting Persons expressly disclaim that they have agreed to act as a group other than as described in this statement.

Certain information required by this Item 2 concerning the executive officers and members of GTCR is set forth on Schedule A attached hereto, which is incorporated herein by reference.  GTCR is managed by its members.

(b) The address of the principal business and principal office of each of the Reporting Persons is 6100 Sears Tower, Chicago, IL 60606.

(c) The principal business of Capital Partners, Mezzanine Partners (as general partner to Capital Partners), GTCR Partners VI (as general partner of Mezzanine Partners) and GTCR (as general partner of GTCR Partners VI) is to lend money on a subordinated basis to business organizations, with the principal objective being interest income and the return of capital.  The principal business of each of the other Reporting Persons, including GTCR as general partner of GTCR Partners VII and Co-Invest, is to make investments in common and preferred stock and other interests in business organizations, domestic or foreign, with the principal objective of appreciation of capital invested.

(d) During the past five years, none of the Reporting Persons nor, to the best knowledge of such persons, any of the persons named in Schedule A to this statement, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

9



 

(e) During the past five years, none of the Reporting Persons nor, to the best knowledge of such persons, any of the persons named in Schedule A to this statement, was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person 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) All individuals named in Schedule A to this statement are citizens of the United States.

Item 3.

Source and Amount of Funds or Other Consideration

On January 27, 2000, Fund VII acquired 17,358.824 shares of the Issuer’s Series C Convertible Preferred Stock (the “Series C Preferred”) and 2,641.176 shares of the Issuer’s Series D Convertible Preferred Stock (the “Series D Preferred”) in connection with a Purchase Agreement among Fund VII and the Issuer, dated as of January 27, 2000 (the “Purchase Agreement”). On February 4, 2000, Fund VII purchased an additional 419.4 shares of Series C Preferred pursuant to the Purchase Agreement. On March 24, 2000, Fund VII purchased an additional 225 shares of Series C Preferred pursuant to the Purchase Agreement. On March 27, 2000, Fund VII purchased an additional 1,260 shares of Series C Preferred pursuant to the Purchase Agreement. The purchase price for each of such shares was $1,000.00. On June 15, 2000, Fund VII purchased an additional 6,840 shares of the Issuer’s Series E Convertible Preferred Stock (the “Series E Preferred”) pursuant to the Purchase Agreement and received a warrant to purchase 1,285.5 shares of Series E Preferred, which Fund VII exercised on June 15, 2000. On August 14, 2000, Fund VII purchased an additional 25,768.744 shares of Series E Preferred pursuant to an Amended and Restated Purchase Agreement among Fund VII, Co-Invest., TCW/Crescent Mezzanine Partners II, L.P., TCW/Crescent Mezzanine Trust II, TCW Leveraged Income Trust, L.P., TCW Leveraged Income Trust II, L.P., TCW Leveraged Income Trust IV, L.P. (all TCW entities collectively, the “TCW Entities”) and the Issuer, dated as of August 14, 2000 (the “Restated Purchase Agreement”), and received a warrant to purchase 2,589.635 shares of Series E Preferred, which Fund VII exercised on August 14, 2000. The source of the funds used to acquire such shares was internal capital of Fund VII.

Each share of Series C Preferred is nonvoting and is convertible into a share of Series D Preferred after the occurrence of certain events set forth in the certificate of designation establishing the Series C Preferred (the “Series C Preferred Certificate of Designation”). On April 3, 2000, Fund VII converted the 19,263.224 shares of Series C Preferred of which it was the direct beneficial owner to 19,263.224 shares of Series D Preferred. Each share of Series D Preferred and Series E Preferred is convertible into the number of shares of Common Stock obtained by dividing (1) the sum of (a) $1,000 and (b) any accrued and unpaid dividends by (2) $2.50 (the “Conversion Price”). The Conversion Price is subject to adjustment pursuant to the terms of the Series D Preferred and Series E Preferred.

On January 27, 2000, Capital Partners and the Issuer entered into a senior subordinated loan agreement (the “Subordinated Loan Agreement”) pursuant to which Capital Partners loaned $20,000,000 to the Issuer. In connection with the Subordinated Loan Agreement, the Issuer and Capital Partners entered into a Warrant Agreement dated as of January 27, 2000 (the “Warrant Agreement”) pursuant to which the Issuer issued Capital Partners a warrant to purchase 2,857.143 shares of Series D Preferred, which Capital Partners exercised on January 27, 2000. On February 4, 2000, Capital Partners loaned $419,400 to the Issuer pursuant to the Subordinated Loan Agreement and received a warrant to purchase 59.915 shares of Series C Preferred, which Capital Partners exercised on February 4, 2000. On March 24, 2000, Capital Partners loaned $225,000 to the Issuer pursuant to the Subordinated Loan Agreement and received a warrant to purchase 32.143 shares of Series C Preferred, which Capital Partners exercised on March 24, 2000. On March 27, 2000, Capital Partners loaned $1,260,000 to the Issuer pursuant to the Subordinated Loan Agreement and received a warrant to purchase 180 shares of Series C Preferred, which Capital Partners

 

10



 

exercised on March 27, 2000. On April 3, 2000, Capital Partners converted the 272.058 shares of Series C Preferred of which it was the direct beneficial owner to 272.058 shares of Series D Preferred. On June 15, 2000, Capital Partners loaned $4,476,000 to the Issuer pursuant to the Subordinated Loan Agreement and received a warrant to purchase 609.3 shares of Series E Preferred, which Capital Partners exercised on June 15, 2000, and Capital Partners also received a warrant on June 15, 2000 to purchase 114.5 shares of Series E Preferred, which Capital Partners exercised on June 15, 2000. On August 14, 2000, Capital Partners received a warrant to purchase 296.504 shares of Series E Preferred, which Capital Partners exercised on August 14, 2000. On August 14, 2000, Capital Partners entered into an Amended and Restated Senior Subordinated Loan Agreement among Capital Partners, the TCW Entities and the Issuer (the “Restated Loan Agreement”) and an Amended and Restated GTCR Warrant Agreement, dated as of August 14, 2000 (the “Restated Warrant Agreement”), between Capital Partners and the Issuer.

The Series C Preferred, Series D Preferred and Series E Preferred acquired by Fund VII and Capital Partners are collectively referred to herein as the “Shares.”

A copy of the Purchase Agreement, the Subordinated Loan Agreement, the Warrant Agreement, the Series C Preferred Certificate of Designation, the certificate of designation establishing the Series D Preferred, the certificate of designation establishing the Series E Preferred, the Restated Purchase Agreement, the Restated Loan Agreement and the Restated Warrant Agreement are filed as exhibits hereto and are incorporated herein by reference. The summary of these agreements and documents and the agreements referred to elsewhere in this statement and incorporated herein by reference are not intended to be complete and are qualified in their entirety by reference to the detailed provisions of such agreements and documents.

Item 4.

Purpose of Transaction

The holders of the Series D Preferred, the Series E Preferred and future series of convertible preferred stock issued pursuant to the Restated Purchase Agreement (“Future Convertible Preferred” and, together with the Series D Preferred and Series E Preferred, the “Preferred Stock”) have the right to vote as if they were holders of Common Stock. As a result of the conversion of all of the GTCR Funds’ Shares into common stock, Fund VII shall cease to have the right to appoint one or more persons to the Issuer’s board of directors.

The Issuer, Fund VII, Co-Invest, Capital Partners and the TCW Entities have entered into an Amended and Restated Registration Agreement, dated as of August 14, 2000 (the “Restated Registration Agreement”), pursuant to which the non-Issuer parties thereto have the right in certain circumstances to require the Issuer to register their shares of Common Stock for resale under the Securities Act. Except in limited circumstances, the Issuer is obligated to pay all expenses in connection with such registration. A copy of the Restated Registration Agreement is filed as an exhibit hereto and is incorporated herein by reference.

 

11



 

On August 14, 2000, Fund VII, Capital Partners, Co-Invest, the TCW Entities and the Issuer entered into a Shareholders Agreement (the “Shareholders Agreement”), which is filed as an exhibit hereto and is incorporated by reference. The Shareholders Agreement contains certain rights, including pre-emptive rights, rights pursuant to which non-Issuer parties to the Shareholders Agreement may request participation in sales of the Issuer’s securities by other non-Issuer parties, and rights of certain non-Issuer parties to compel participation of other non-Issuer parties in a sale of the Issuer. Pursuant to the Shareholders Agreement, Fund VII, Capital Partners, Co-Invest and the TCW Entities may be deemed to constitute a “group” for purposes of Section 13(d)(3) of the Act. The Reporting Persons expressly disclaim that they have agreed to act as a group other than as described in this statement.

On June 21, 2005 in connection with the Issuer’s primary and secondary equity offering of 37,150,000 shares of its Common Stock and pursuant to an underwriting agreement dated June 15, 2005 by and among the Issuer, the selling stockholders listed on Schedule B thereto, and Banc of America Securities LLC, Lehman Brothers Inc. and CIBC World Markets Corp., acting as representatives of the several underwriters named in Schedule A thereto, the GTCR Funds converted all of their Shares into 37,527,650 shares of Common Stock and: (i) Fund VII sold 22,417,044 shares to the underwriters at a price of $4.085 per share; (ii) Co-Invest sold 205,229 shares to the underwriters at a price of $4.085 per share; and (iii) Capital Partners sold 1,604,995 shares to the underwriters at a price of $4.085 per share.

On May 16, 2006, the Reporting Persons sold 13,585,187 shares of Common Stock pursuant to the Issuer’s registered offering under a Registration Statement on Form S-3 (Registration No. 333-133617) and related prospectus supplement filed under Rule 424 of the Securities Act of 1933, as amended. As a result, the Reporting Persons no longer own any shares of Common Stock. This is the Reporting Persons’ final amendment to the Schedule 13D and is an exit filing.

Except as set forth in the preceding paragraph and in Item 6 of this Schedule 13D, as of the date hereof, the Reporting Persons do not have any plan or proposal that relates to or would result in any of the transactions enumerated in sub items (a) through (j) of the instructions to Item 4 of this Schedule 13D.

Notwithstanding the foregoing, the Reporting Persons reserve the right to effect any such actions as any of them may deem necessary or appropriate in the future.

The information set forth in Item 3 and Item 6 of this Schedule 13D is hereby incorporated herein by reference.

Item 5.

Interest in Securities of the Issuer

 

(a)           Inapplicable.

 

(b)           Inapplicable.

 

12



 

 

(c)           On May 16, 2006, the Reporting Persons sold 13,585,187 shares of Common Stock pursuant to the Issuer’s registered offering under a Registration Statement on Form S-3 (Registration No. 333-133617) and related prospectus supplement filed under Rule 424 of the Securities Act of 1933, as amended. The Reporting Persons sold the shares of Common Stock pursuant to an Underwriting Agreement (as defined below). Under such agreement, the underwriters purchased the shares of Common Stock from the Reporting Persons at a purchase price of $3.984 per share. As a result, the Reporting Persons received total aggregate proceeds of $54,123,385. The Underwriting Agreement is incorporated by reference as an exhibit hereto. As a result of the sale, the Reporting Persons no longer own any shares of Common Stock. This is the Reporting Persons’ final amendment to the Schedule 13D and is an exit filing.

 

(d)           Inapplicable.

 

(e)           Inapplicable.

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

As described in Item 4, the Reporting Persons are parties to a Restated Registration Agreement with respect to the Common Stock they hold. A copy of the Restated Registration Agreement has been filed and is incorporated herein by reference.

Also as described in Item 4, the Reporting Persons are parties to a Shareholders Agreement with respect to the Issuer’s stock. A copy of the Shareholders Agreement has been filed and is incorporated herein by reference.

On June 15, 2005 in connection with the Issuer’s primary and secondary equity offering of 37,150,000 shares of its Common Stock, the GTCR Funds, together with the Issuer and the remaining selling stockholders listed on Schedule B thereto entered into an underwriting agreement, pursuant to which: (i) Fund VII sold 22,417,044 shares to the underwriters at a price of $4.085 per

 

13



 

share; (ii) Co-Invest sold 205,229 shares to the underwriters at a price of $4.085 per share; and (iii) Capital Partners sold 1,604,995 shares to the underwriters at a price of $4.085 per share.

Pursuant to the closing of the transactions contemplated by that certain Underwriting Agreement, dated as of May 10, 2006, among the Issuer, the selling stockholders named therein and Banc of America Securities LLC, as underwriter (the “Underwriting Agreement”): (i) Fund VII sold 12,570,123 shares to the underwriter at a price of $3.984 per share; (ii) Co-Invest sold 115,081 shares to the underwriter at a price of $3.984 per share; and (iii) Capital Partners sold 899,984 shares to the underwriter at a price of $3.984 per share.

The Issuer, its executive officers and directors, the GTCR Funds and certain other stockholders of the Issuer entered into lock-up agreements with the underwriters (either through the Underwriting Agreement or separate agreement) whereby they have agreed to a 90-day ‘‘lock-up,’’ subject to certain exceptions, with respect to all shares of the Issuer’s common stock, including securities that are convertible into such securities and securities that are exchangeable or exercisable for such securities. Pursuant to the Lock-up Agreements, for a period of 90 days following the date of the agreement, such persons may not offer, sell, pledge or otherwise dispose of any of these securities or request or demand that the Issuer file a registration statement related to any of these securities without the prior written consent of Banc of America Securities LLC.

Except as set forth in this statement, to the best knowledge of the Reporting Persons, no contracts, arrangements, understandings or relationships (legal or otherwise) exist among the persons named in Item 2 or between such persons and any other person with respect to any securities of the Issuer.

Item 7.

Material to Be Filed as Exhibits

 

Exhibit 1            Joint Filing Agreement among the Reporting Persons dated as of May 17, 2006.

Exhibit 2            Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock of Synagro Technologies, Inc. filed with the Delaware Secretary of State on January 26, 2000.(1)

Exhibit 3            Certificate of Designations, Preferences and Rights of Series D Convertible Preferred Stock of Synagro Technologies, Inc. filed with the Delaware Secretary of State on January 26, 2000.(1)

Exhibit 4            Purchase Agreement dated as of January 27, 2000 by and between Synagro Technologies, Inc. and GTCR Fund VII, L.P. (1)

Exhibit 5            Senior Subordinated Loan Agreement dated as of January 27, 2000 by between Synagro Technologies, Inc. and GTCR Capital Partners, L.P.(1)

Exhibit 6            Warrant Agreement dated as of January 27, 2000 by and between Synagro Technologies, Inc. and GTCR Capital Partners, L.P. (1)

Exhibit 7            Registration Rights Agreement, dated as of January 27, 2000 among Synagro Technologies, Inc., GTCR Fund VII, L.P. and GTCR Capital Partners, L.P. (1)

Exhibit 8            Certificate of Designations, Preferences and Rights of Series E Convertible Preferred Stock of Synagro Technologies, Inc. filed with the Delaware Secretary of State on June 14, 2000. (2)

Exhibit 9            Amended and Restated Purchase Agreement, dated as of August 14, 2000, among GTCR Fund VII, L.P., GTCR Co-Invest Fund, L.P., TCW/Crescent Mezzanine Partners II, L.P., TCW/Crescent Mezzanine Trust II, TCW Leveraged Income Trust, L.P., TCW Leveraged Income Trust II, L.P., TCW Leveraged Income Trust IV, L.P. and Synagro Technologies, Inc. (3)

Exhibit 10          Amended and Restated Senior Subordinated Loan Agreement, dated as of August 14, 2000, among GTCR Capital Partners, L.P., TCW/Crescent Mezzanine Partners II, L.P., TCW/Crescent Mezzanine Trust II, TCW Leveraged Income Trust, L.P., TCW Leveraged Income Trust II, L.P., TCW Leveraged Income Trust IV, L.P. and Synagro Technologies, Inc. (3)

Exhibit 11          Amended and Restated GTCR Warrant Agreement, dated as of August 14, 2000, between GTCR Capital Partners, L.P. and Synagro Technologies, Inc. (3)

Exhibit 12          Amended and Restated Registration Agreement, dated as of August 14, 2000, among GTCR Fund VII, L.P., GTCR Co-Invest Fund, L.P., GTCR Capital Partners, L.P., TCW/Crescent Mezzanine Partners II, L.P., TCW/Crescent Mezzanine Trust II, TCW

 

14



 

Leveraged Income Trust, L.P., TCW Leveraged Income Trust II, L.P., TCW Leveraged Income Trust IV, L.P. and Synagro Technologies, Inc. (3)

Exhibit 13          Shareholders Agreement, dated as of August 14, 2000, among GTCR Fund VII, L.P., GTCR Co-Invest Fund, L.P., GTCR Capital Partners, L.P., TCW/Crescent Mezzanine Partners II, L.P., TCW/Crescent Mezzanine Trust II, TCW Leveraged Income Trust, L.P., TCW Leveraged Income Trust II, L.P., TCW Leveraged Income Trust IV, L.P. and Synagro Technologies, Inc. (3)

Exhibit 14          Underwriting Agreement, dated as of June 15, 2005, among the Issuer, the selling stockholders named therein, Banc of America Securities LLC, Lehman Brothers Inc. and CIBC World Markets Corp. (4)

Exhibit 15          Underwriting Agreement, dated as of May 10, 2006, among the Issuer, the selling stockholders named therein and Banc of America Securities LLC. (5)

 


(1)                                  Previously filed with the Statement on Schedule 13D on February 7, 2000.

 

(2)                                  Previously filed with the Statement on Schedule 13D on June 20, 2000.

 

(3)                                  Previously filed with the Statement on Schedule 13D on August 18, 2000.

 

(4)                                  Incorporated by reference to Issuer’s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 21, 2005.

 

(5)                                  Incorporated by reference to Issuer’s Current Report on Form 8-K filed with the Securities and Exchange Commission on May 11, 2006.

 

15



 

SIGNATURES

 

After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct.

 

Date: May 17, 2006

 

 

 

GTCR FUND VII, L.P.

 

 

 

 

By:

GTCR Partners VII, L.P.

 

Its:

General Partner

 

 

 

 

By:

GTCR Golder Rauner, L.L.C.

 

Its:

General Partner

 

 

 

 

By:

/s/ David A. Donnini

 

 

Name:

David A. Donnini

 

Its:

Principal

 

 

 

 

 

 

 

GTCR CO-INVEST, L.P.

 

 

 

By:

GTCR Golder Rauner, L.L.C.

 

Its:

General Partner

 

 

 

 

By:

/s/ David A. Donnini

 

 

Name:

David A. Donnini

 

Its:

Principal

 

 

 

 

 

 

 

GTCR CAPITAL PARTNERS, L.P.

 

 

 

By:

GTCR Mezzanine Partners, L.P.

 

Its:

General Partner

 

 

 

 

By:

GTCR Partners VI, L.P.

 

Its:

General Partner

 

 

 

 

By:

GTCR Golder Rauner, L.L.C.

 

Its:

General Partner

 

 

 

 

By:

/s/ David A. Donnini

 

 

Name:

David A. Donnini

 

Its:

Principal

 

 

 

 

 

 

 

GTCR MEZZANINE PARTNERS, L.P.

 

 

 

 

By:

GTCR Partners VI, L.P.

 

Its:

General Partner

 

16



 

 

By:

GTCR Golder Rauner, L.L.C.

 

Its:

General Partner

 

 

 

 

By:

/s/ David A. Donnini

 

 

Name:

David A. Donnini

 

Its:

Principal

 

 

 

 

 

 

 

GTCR PARTNERS VI, L.P.

 

 

 

 

By:

GTCR Golder Rauner, L.L.C.

 

Its:

General Partner

 

 

 

 

By:

/s/ David A. Donnini

 

 

Name:

David A. Donnini

 

Its:

Principal

 

 

 

 

 

 

 

GTCR PARTNERS VII, L.P.

 

 

 

 

By:

GTCR Golder Rauner, L.L.C.

 

Its:

General Partner

 

 

 

 

By:

/s/ David A. Donnini

 

 

Name:

David A. Donnini

 

Its:

Principal

 

 

 

 

GTCR GOLDER RAUNER, L.L.C.

 

 

 

 

By:

/s/ David A. Donnini

 

 

Name:

David A. Donnini

 

Its:

Principal

 

17



 

EXHIBIT INDEX

 

Exhibit No.

 

 

 

 

 

Exhibit 1

 

Joint Filing Agreement among the Reporting Persons dated as of May 17, 2006.

Exhibit 2

 

Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock of Synagro Technologies, Inc. filed with the Delaware Secretary of State on January 26, 2000.(1)

Exhibit 3

 

Certificate of Designations, Preferences and Rights of Series D Convertible Preferred Stock of Synagro Technologies, Inc. filed with the Delaware Secretary of State on January 26, 2000.(1)

Exhibit 4

 

Purchase Agreement dated as of January 27, 2000 by and between Synagro Technologies, Inc. and GTCR Fund VII, L.P. (1)

Exhibit 5

 

Senior Subordinated Loan Agreement dated as of January 27, 2000 by between Synagro Technologies, Inc. and GTCR Capital Partners, L.P.(1)

Exhibit 6

 

Warrant Agreement dated as of January 27, 2000 by and between Synagro Technologies, Inc. and GTCR Capital Partners, L.P.(1)

Exhibit 7

 

Registration Rights Agreement, dated as of January 27, 2000 among Synagro Technologies, Inc., GTCR Fund VII, L.P. and GTCR Capital Partners, L.P.(1)

Exhibit 8

 

Certificate of Designations, Preferences and Rights of Series E Convertible Preferred Stock of Synagro Technologies, Inc. filed with the Delaware Secretary of State on June 14, 2000. (2)

Exhibit 9

 

Amended and Restated Purchase Agreement, dated as of August 14, 2000, among GTCR Fund VII, L.P., GTCR Co-Invest Fund, L.P., TCW/Crescent Mezzanine Partners II, L.P., TCW/Crescent Mezzanine Trust II, TCW Leveraged Income Trust, L.P., TCW Leveraged Income Trust II, L.P., TCW Leveraged Income Trust IV, L.P. and Synagro Technologies, Inc. (3)

Exhibit 10

 

Amended and Restated Senior Subordinated Loan Agreement, dated as of August 14, 2000, among GTCR Capital Partners, L.P., TCW/Crescent Mezzanine Partners II, L.P., TCW/Crescent Mezzanine Trust II, TCW Leveraged Income Trust, L.P., TCW Leveraged Income Trust II, L.P., TCW Leveraged Income Trust IV, L.P. and Synagro Technologies, Inc.(3)

Exhibit 11

 

Amended and Restated GTCR Warrant Agreement, dated as of August 14, 2000, between GTCR Capital Partners, L.P. and Synagro Technologies, Inc.(3)

Exhibit 12

 

Amended and Restated Registration Agreement, dated as of August 14, 2000, among GTCR Fund VII, L.P., GTCR Co-Invest Fund, L.P., GTCR Capital Partners, L.P., TCW/Crescent Mezzanine Partners II, L.P., TCW/Crescent Mezzanine Trust II, TCW Leveraged Income Trust, L.P., TCW Leveraged Income Trust II, L.P., TCW Leveraged Income Trust IV, L.P. and Synagro Technologies, Inc. (3)

Exhibit 13

 

Shareholders Agreement, dated as of August 14, 2000, among GTCR Fund VII, L.P., GTCR Co-Invest Fund, L.P., GTCR Capital Partners, L.P., TCW/Crescent Mezzanine Partners II, L.P., TCW/Crescent Mezzanine Trust II, TCW Leveraged Income Trust, L.P., TCW Leveraged Income Trust II, L.P., TCW Leveraged Income Trust IV, L.P. and Synagro Technologies, Inc.(3)

Exhibit 14

 

Underwriting Agreement, dated June 15, 2005, among the Issuer, the selling stockholders named therein, Banc of America Securities LLC, Lehman Brothers Inc. and CIBC World Markets Corp. (4)

Exhibit 15

 

Underwriting Agreement, dated as of May 10, 2006, among the Issuer, the selling stockholders named therein and Banc of America Securities LLC. (5)

 


(1)           Previously filed with the Statement on Schedule 13D on February 7, 2000.

 

(2)           Previously filed with the Statement on Schedule 13D on June 20, 2000.

 

(3)           Previously filed with the Statement on Schedule 13D on August 18, 2000.

 

(4)           Incorporated by reference to Issuer’s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 21, 2005.

 

(5)           Incorporated by reference to Issuer’s Current Report on Form 8-K filed with the Securities and Exchange Commision on May 11, 2006.

 

18



 

SCHEDULE A

 

The following table sets forth the names and principal occupations of the executive officers and members of GTCR Golder Rauner, L.L.C.  Each such person is a citizen of the United States.  Unless otherwise specified, the business address of each person listed below is 6100 Sears Tower, Chicago, IL 60606.

 

Name

 

Principal Occupation

 

 

 

Craig A. Bondy

 

Principal and Member

Philip M. Canfield

 

Principal and Member

David A. Donnini

 

Principal and Member

Vincent J. Hemmer

 

Principal and Member

Edgar D. Jannotta, Jr.

 

Principal and Member

Joseph P. Nolan

 

Principal and Member

David F. Randell

 

Principal and Member

Bruce V. Rauner

 

Principal and Member

Collin E. Roche

 

Principal and Managing Member

Anna May L. Trala

 

Chief Financial Officer

 


EX-1 2 a06-8526_1ex1.htm EX-1 JOINT FILING AGREEMENT

EXHIBIT 1

 

SCHEDULE 13D JOINT FILING AGREEMENT

 

In accordance with the requirements of Rule 13d 1(k) under the Securities Exchange Act of 1934, as amended, and subject to the limitations set forth therein, the parties set forth below agree to jointly file the Schedule 13D to which this joint filing agreement is attached, and have duly executed this joint filing agreement as of the date set forth below.

 

 

Date: May 17, 2006

 

 

GTCR FUND VII, L.P.

 

 

 

 

By:

GTCR Partners VII, L.P.

 

Its:

General Partner

 

 

 

 

By:

GTCR Golder Rauner, L.L.C.

 

Its:

General Partner

 

 

 

 

By:

/s/ David A. Donnini

 

 

Name:

David A. Donnini

 

Its:

Principal

 

 

 

 

 

 

 

GTCR CO-INVEST, L.P.

 

 

 

 

By:

GTCR Golder Rauner, L.L.C.

 

Its:

General Partner

 

 

 

 

By:

/s/ David A. Donnini

 

 

Name:

David A. Donnini

 

Its:

Principal

 

 

 

 

 

 

 

GTCR CAPITAL PARTNERS, L.P.

 

 

 

 

By:

GTCR Mezzanine Partners, L.P.

 

Its:

General Partner

 

 

 

 

By:

GTCR Partners VI, L.P.

 

Its:

General Partner

 

 

 

 

By:

GTCR Golder Rauner, L.L.C.

 

Its:

General Partner

 



 

 

By:

/s/ David A. Donnini

 

 

Name:

David A. Donnini

 

Its:

Principal

 

 

 

 

 

 

 

GTCR MEZZANINE PARTNERS, L.P.

 

 

 

 

By:

GTCR Partners VI, L.P.

 

Its:

General Partner

 

 

 

 

By:

GTCR Golder Rauner, L.L.C.

 

Its:

General Partner

 

 

 

 

By:

/s/ David A. Donnini

 

 

Name:

David A. Donnini

 

Its:

Principal

 

 

 

 

 

 

 

GTCR PARTNERS VI, L.P.

 

 

 

 

By:

GTCR Golder Rauner, L.L.C.

 

Its:

General Partner

 

 

 

 

By:

/s/ David A. Donnini

 

 

Name:

David A. Donnini

 

Its:

Principal

 

 

 

 

 

 

 

GTCR PARTNERS VII, L.P.

 

 

 

 

By:

GTCR Golder Rauner, L.L.C.

 

Its:

General Partner

 

 

 

 

By:

/s/ David A. Donnini

 

 

Name:

David A. Donnini

 

Its:

Principal

 

 

 

 

 

 

 

GTCR GOLDER RAUNER, L.L.C.

 

 

 

 

By:

/s/ David A. Donnini

 

 

Name:

David A. Donnini

 

Its:

Principal

 


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