-----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, HMyHe0ltge3D3JN17w6DymEFIL9bbXWI5IcTzLSoDzJtHM6xCeYnlp3AIRbBSQAu 6Ik8L2+zgtYl6u1JEdLS2g== 0001047469-98-004917.txt : 19980212 0001047469-98-004917.hdr.sgml : 19980212 ACCESSION NUMBER: 0001047469-98-004917 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980211 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CRONOS GROUP CENTRAL INDEX KEY: 0000919869 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-47841 FILM NUMBER: 98531658 BUSINESS ADDRESS: STREET 1: 7 RUE DAMSTERDAM STREET 2: L 1126 CITY: L 1126 LUXEMBURG STATE: N4 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WAVELAND PARTNERS LP CENTRAL INDEX KEY: 0001044353 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 333 WEST WACKER DR STE 1600 CITY: CHICAGO STATE: IL ZIP: 60606 MAIL ADDRESS: STREET 2: 333 WEST WACKER DRIVE STE 1600 CITY: CHICAGO STATE: IL ZIP: 60606 SC 13D 1 SC 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------ SCHEDULE 13D UNDER THE SECURITIES ACT OF 1934 (Amendment No. ___) The Cronos Group - -------------------------------------------------------------------------------- (Name of Issuer) Common Shares, par value $2.00 per share - ------------------------------------------------------------------------------- (Title of Class of Securities) L20708 10 0 - ------------------------------------------------------------------------------- (CUSIP Number) David S. Richter Waveland Capital Management, L.P. 333 West Wacker Drive Chicago, Illinois 60606 (312) 739-2138 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 2, 1998 - ------------------------------------------------------------------------------- (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 (b) (3) or (4), check the following box / / CUSIP NO.: L20708-10-0 13D 1 NAME OF REPORTING PERSONS S.S. OR I.R.S IDENTIFICATION NOS. OF ABOVE PERSONS Waveland Partners, L.P. ___________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (_) (b) ( ) ___________________________________________________________________________ 3 SEC USE ONLY 4 SOURCE OF FUNDS WC ___________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) (_) ___________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Illinois ___________________________________________________________________________ 7 SOLE VOTING POWER _______________________________________________________________ NUMBER OF 8 SHARED VOTING POWER SHARES 454,500 BENEFICIALLY_______________________________________________________________ OWNED BY 9 SOLE DISPOSITIVE POWER EACH REPORTING _______________________________________________________________ PERSON 10 SHARED DISPOSITIVE POWER 454,500 ___________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 454,500 Common Shares ___________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (_) ___________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.1% ___________________________________________________________________________ 14 TYPE OF REPORTING PERSON PN Page 2 of 9 Pages CUSIP NO.: L20708 10 0 13D 1 NAME OF REPORTING PERSONS S.S. OR I.R.S IDENTIFICATION NOS. OF ABOVE PERSONS Waveland Capital Management, L.P. ___________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (_) (b) ( ) ___________________________________________________________________________ 3 SEC USE ONLY 4 SOURCE OF FUNDS WC ___________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) (_) ___________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Illinois ___________________________________________________________________________ 7 SOLE VOTING POWER _______________________________________________________________ NUMBER OF 8 SHARED VOTING POWER SHARES 454,500 BENEFICIALLY_______________________________________________________________ OWNED BY 9 SOLE DISPOSITIVE POWER EACH REPORTING _______________________________________________________________ PERSON 10 SHARED DISPOSITIVE POWER 454,500 ___________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 454,500 Common Shares ___________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (_) ___________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.1% ___________________________________________________________________________ 14 TYPE OF REPORTING PERSON PN Page 3 of 9 Pages CUSIP NO.: L20708 10 0 13D 1 NAME OF REPORTING PERSONS S.S. OR I.R.S IDENTIFICATION NOS. OF ABOVE PERSONS Clincher Capital Corporation ___________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (_) (b) (_) ___________________________________________________________________________ 3 SEC USE ONLY 4 SOURCE OF FUNDS WC ___________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) (_) ___________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Illinois ___________________________________________________________________________ 7 SOLE VOTING POWER _______________________________________________________________ NUMBER OF 8 SHARED VOTING POWER SHARES 454,500 BENEFICIALLY_______________________________________________________________ OWNED BY 9 SOLE DISPOSITIVE POWER EACH REPORTING _______________________________________________________________ PERSON 10 SHARED DISPOSITIVE POWER 454,500 ___________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 454,500 Common Shares ___________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (_) ___________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.1% ___________________________________________________________________________ 14 TYPE OF REPORTING PERSON CO Page 4 of 9 Pages ITEM 1. SECURITY AND ISSUER. The class of equity securities to which this statement relates is the common shares, par value $2.00 per share (the "Common Shares") of The Cronos Group, a limited liability company (societe anonyme) organized under the laws of Luxembourg (the "Issuer") with its principal executive office located at Winkfield Lane, Winkfield Windsor, Berkshire SL4 4RU, England. ITEM 2. IDENTITY AND BACKGROUND. This statement is being filed by Waveland Partners, L.P., an Illinois limited partnership ("Waveland"), Waveland Capital Management, L.P., an Illinois limited partnership ("Waveland Capital") and Clincher Capital Corporation, an Illinois corporation ("Clincher" and together with Waveland and Waveland Capital, the "reporting persons"). The reporting persons have their principal offices at 333 West Wacker Drive, Suite 1600, Chicago, Illinois 60606. Clincher's principal business is as the general partner of Waveland Capital. Waveland Capital's principal business is as the general partner of Waveland. Waveland is a private investment partnership whose primary activities include investments in marketable securities and private investments. (a) -- (c) The names, principal occupation or employment and the name, and, except where such information is provided elsewhere herein, the principal business and address of any organization in which such employment is conducted of each officer and director of Clincher is set forth below. Unless otherwise indicated below, each of the following persons is a United States citizen and the business address of each of the following persons is c/o Clincher Capital Corporation, 333 West Wacker Drive, Suite 1600, Chicago, Illinois 60606.
Name Principal Occupation or Employment - ---- ---------------------------------- David S. Richter Director, President, Secretary and Treasurer, Clincher Capital Corporation. Stephen J. Malkin Director and Chairman of the Board, Clincher Capital Corporation. Michael J. Sacks Director and Chief Executive Officer, Clincher Capital Corporation.
Page 5 of 9 Pages
Paul A. Meister Vice President and Assistant Secretary, Clincher Capital Corporation.
(d) During the last five years, none of the persons identified in this Item 2 has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five years, none of the persons identified in this Item 2 has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations or, or prohibiting or mandating activities subject to Federal or State securities laws or finding any violation with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The working capital of Waveland is the source of funds used in making purchases of Common Shares. ITEM 4. PURPOSE OF TRANSACTION. The acquisition of Common Shares reported herein is for investment purposes. The reporting persons routinely monitor the performance of their investments, including their investment in the Issuer. In this connection, the reporting persons intend to continuously evaluate the Issuer's business, financial condition, operating results, capital structure, management, stock market performance, competitive outlook and other relevant factors. As part of such evaluations, the reporting persons may seek the views of, hold discussions with and respond to inquiries from representatives of the Issuer and other persons regarding the Issuer's affairs. Depending on such evaluations, the reporting persons may, at any time and from time to time, purchase additional Common Shares or may dispose of any and all Common Shares held by them. In the interest of maximizing shareholder value, the reporting persons may from time to time develop plans respecting, or propose changes in, the management, policies, operations, capital structure or business of the Issuer. Such plans or proposals may include or relate to one or more of the transactions specified in subparagraphs (a) through (j) of Item 4 of Schedule 13D, including, without limitation, acquisitions or dispositions of one or more businesses, business combinations involving the Issuer, changes in the Issuer's board of directors or management, changes in the Issuer's capitalization, actions respecting anti-takeover measures, or changes in the Issuer's compensation or dividend policies. Notwithstanding the foregoing, the reporting persons have no current plan or proposal which relates to, or would result in, any of the actions enumerated in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Page 6 of 9 Pages ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) Waveland has acquired 454,500 Common Shares representing approximately 5.1% of the Common Shares outstanding as of December 31, 1996 (as reported in the Issuer's Annual Report on Form 20-F for the fiscal year ended December 31, 1996). (b) Each of the reporting persons may be deemed to share beneficial ownership of the Common Shares acquired by Waveland. (c) In the past 60 days, Waveland effected the following open market purchases of Common Shares: Page 7 of 9 Pages
Number of Common Date Shares Acquired Price Per Share - ---- --------------- --------------- 12/02/97 20,000 $ 5.876 12/16/97 75,000 $ 4.875 12/17/97 17,500 $ 4.876 12/22/97 13,000 $ 5.627 12/23/97 56,000 $ 5.375 12/24/97 6,000 $ 4.804 12/30/97 25,000 $ 4.626 02/02/98 15,000 $ 6.114
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. None. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit Number Description - ------ ----------- 99.1 Joint Filing Agreement
Page 8 of 9 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. Dated: February 10, 1998 WAVELAND PARTNERS, L.P. By: Waveland Capital Management, L.P. Its: General Partner By: Clincher Capital Corporation Its: General Partner By:/s/ David S. Richter -------------------------- David S. Richter, President WAVELAND CAPITAL MANAGEMENT, L.P. By: Clincher Capital Corporation Its: General Partner By:/s/ David S. Richter -------------------------- David S. Richter, President CLINCHER CAPITAL CORPORATION By:/s/ David S. Richter -------------------------- David S. Richter, President JOINT FILING AGREEMENT In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended, each of the persons named below agrees to the joint filing of a Statement on Schedule 13D (including amendments thereto) with respect to the Common Shares, par value $2.00 per share of The Cronos Group, a limited liability company (societe anonyme) organized under the laws of Luxembourg, and further agrees that this Joint Filing Agreement be included as an exhibit to such filings provided that, as contemplated by Section 13d-1(f)(l)(ii), no person shall be responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. This Joint Filing may be executed in any number of counterparts, all of which together shall constitute one and the same instrument. Dated: February 10, 1998 WAVELAND PARTNERS, L.P. By: Waveland Capital Management, L.P. Its: General Partner By: Clincher Capital Corporation Its: General Partner By:/s/ David S. Richter -------------------------- David S. Richter, President WAVELAND CAPITAL MANAGEMENT, L.P. By: Clincher Capital Corporation Its: General Partner By:/s/ David S. Richter -------------------------- David S. Richter, President CLINCHER CAPITAL CORPORATION By:/s/ David S. Richter -------------------------- David S. Richter, President -----END PRIVACY-ENHANCED MESSAGE-----