SC 13G 1 dsc13g.txt STATEMENT OF BENEFICIAL SECURITIES UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Amendment No. _____________)* Under the Securities Exchange Act of 1934 U.S. Technologies Inc. ---------------------- (Name of Issuer) Common Stock, par value $0.02 ----------------------------- (Title of Class of Securities) 91272D309 --------- ______________________ August 30, 2001 (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) *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 the 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). SCHEDULE 13G -------------------------- -------------------------- CUSIP No. 91272D309 Page 2 of 13 Pages --------- -------------------------- -------------------------- ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS Carlyle Offshore Partners II, Ltd. 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) N/A ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Cayman Islands ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 8,683,631 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 8,683,631 ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 8,683,631 ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 10 (SEE INSTRUCTIONS) [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 9.1% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 12 OO (Cayman Islands Exempt Company) ------------------------------------------------------------------------------ SCHEDULE 13G -------------------------- -------------------------- CUSIP No. 91272D309 Page 3 of 13 Pages --------- -------------------------- -------------------------- ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS TCG Holdings Cayman, L.P. 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) N/A ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Cayman Islands ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 8,683,631 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 8,683,631 ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 8,683,631 ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 10 (SEE INSTRUCTIONS) [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 9.1% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 12 PN (Cayman Islands Exempt Limited Partnership) ------------------------------------------------------------------------------ SCHEDULE 13G -------------------------- -------------------------- CUSIP No. 91272D309 Page 4 of 13 Pages --------- -------------------------- -------------------------- ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS TC Group Cayman, L.P. 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) N/A ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Cayman Islands ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 8,683,631 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 8,683,631 ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 8,683,631 ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 10 (SEE INSTRUCTIONS) [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 9.1% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 12 PN (Cayman Islands Exempt Limited Partnership) ------------------------------------------------------------------------------ SCHEDULE 13G -------------------------- -------------------------- CUSIP No. 91272D309 Page 5 of 13 Pages --------- -------------------------- -------------------------- ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS CEVP, Ltd. 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 98-0220278 ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Cayman Islands ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 8,683,631 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 8,683,631 ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 8,683,631 ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 10 (SEE INSTRUCTIONS) [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 9.1% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 12 OO (Cayman Islands Exempt Company) ------------------------------------------------------------------------------ SCHEDULE 13G -------------------------- -------------------------- CUSIP No. 91272D309 Page 6 of 13 Pages --------- -------------------------- -------------------------- ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS CEVP General Partner, L.P. 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 98-0220442 ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Cayman Islands ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 8,683,631 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 8,683,631 ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 8,683,631 ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 10 (SEE INSTRUCTIONS) [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 9.1% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 12 PN (Cayman Islands Exempt Limited Partnership) ------------------------------------------------------------------------------ SCHEDULE 13G -------------------------- -------------------------- CUSIP No. 91272D309 Page 7 of 13 Pages --------- -------------------------- -------------------------- ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS CEVP Co-Investment, L.P. 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 52-2224868 ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Cayman Islands ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 581,803 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 581,803 ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 581,803 ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 10 (SEE INSTRUCTIONS) [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 0.6% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 12 PN (Cayman Islands Exempt Limited Partnership) ------------------------------------------------------------------------------ SCHEDULE 13G -------------------------- -------------------------- CUSIP No. 91272D309 Page 8 of 13 Pages --------- -------------------------- -------------------------- ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS Carlyle Europe Venture Partners, L.P. 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 98-0348107 ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Cayman Islands ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 8,093,144 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 8,093,144 ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 8,093,144 ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 10 (SEE INSTRUCTIONS) [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 8.5% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 12 PN (Cayman Islands Exempt Limited Partnership) ------------------------------------------------------------------------------ SCHEDULE 13G -------------------------- -------------------------- CUSIP No. 91272D309 Page 9 of 13 Pages --------- -------------------------- -------------------------- ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS CEVP Investment I, L.P. 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 98-0344038 ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) 2 (a) [_] (b) [X] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Cayman Islands ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 8,683,631 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 8,683,631 ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 8,683,631 ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 10 (SEE INSTRUCTIONS) [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 9.1% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 12 PN (Cayman Islands Exempt Limited Partnership) ------------------------------------------------------------------------------ SCHEDULE 13G Item 1. (a) Name of Issuer: U.S. Technologies Inc. (b) Address of Issuer's Principal Executive Offices: 1130 Connecticut Avenue, N.W., Suite 700, Washington, D.C. 20036 Item 2. (a) Names of Persons Filing: Carlyle Offshore Partners II, Ltd. TCG Holdings Cayman, L.P. TC Group Cayman, L.P. CEVP, Ltd. CEVP General Partner, L.P. CEVP Co-Investment, L.P. Carlyle Europe Venture Partners, L.P. CEVP Investment I, L.P. (b) Address of Principal Business Office: c/o The Carlyle Group 1001 Pennsylvania Ave., N.W. Suite 220 South Washington, D.C. 20004-2505 (c) Citizenship: Carlyle Offshore Partners II, Ltd. - Cayman Islands TCG Holdings Cayman, L.P. - Cayman Islands TC Group Cayman, L.P. - Cayman Islands CEVP, Ltd. - Cayman Islands CEVP General Partner, L.P. - Cayman Islands CEVP Co-Investment, L.P. - Cayman Islands Carlyle Europe Venture Partners, L.P. - Cayman Islands CEVP Investment I, L.P. - Cayman Islands (d) Title of Class of Securities: Common Stock, par value $0.02 (e) CUSIP Number: 91272D309 Item 3. If this statement is filed pursuant to Sections 240.13d-l(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [_] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) [_] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [_] Insurance company as defined in section 3(a)(l9) of the Act (15 U.S.C. 78c); (d) [_] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [_] An investment adviser in accordance with Section 240.13d-l(b)(1) (ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F); (g) [_] A parent holding company or control person in accordance with Section 240.13d-1 (b)(1)(ii)(G); (h) [_] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); 10 (i) [_] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [_] Group, in accordance with Section 240.13d-l(b)(1)(ii)(J). Item 4. Ownership
------------------------------------------------------------------------------------------------------------------------------------ Reporting Person Amount Percent Sole power to Shared power to Sole power to Shared power to beneficially of class: vote or direct vote or to direct dispose or to dispose or to owned: the vote: the vote: direct the direct the disposition of: disposition of: ------------------------------------------------------------------------------------------------------------------------------------ Carlyle Offshore Partners II, Ltd. 8,683,631 9.1% 0 8,683,631 0 8,683,631 ------------------------------------------------------------------------------------------------------------------------------------ TCG Holdings Cayman, L.P. 8,683,631 9.1% 0 8,683,631 0 8,683,631 ------------------------------------------------------------------------------------------------------------------------------------ TC Group Cayman, L.P. 8,683,631 9.1% 0 8,683,631 0 8,683,631 ------------------------------------------------------------------------------------------------------------------------------------ CEVP, Ltd. 8,683,631 9.1% 0 8,683,631 0 8,683,631 ------------------------------------------------------------------------------------------------------------------------------------ CEVP General Partner, L.P. 8,683,631 9.1% 0 8,683,631 0 8,683,631 ------------------------------------------------------------------------------------------------------------------------------------ CEVP Co-Investment, L.P. 581,803 0.6% 0 581,803 0 581,803 ------------------------------------------------------------------------------------------------------------------------------------ Carlyle Europe Venture Partners, L.P. 8,093,144 8.5% 0 8,093,144 0 8,093,144 ------------------------------------------------------------------------------------------------------------------------------------ CEVP Investment I, L.P. 8,683,631 9.1% 0 8,683,631 0 8,683,631 ------------------------------------------------------------------------------------------------------------------------------------
CEVP Investment, I. L.P. is the record owner of 8,683,631 shares of common stock, par value $0.02 ("Common Stock"), of U.S. Technologies Inc. Carlyle Europe Venture Partners, L.P. holds 93.2%, CEVP Co-Investment, L.P. holds 6.7% and CEVP General Partner, L.P. holds 0.1% of the outstanding interests of CEVP Investment I, L.P. CEVP General Partner, L.P. is the sole general partner of CEVP Investment I, L.P., Carlyle Europe Venture Partners, L.P. and CEVP Co-Investment, L.P. CEVP, Ltd. is the sole general partner of CEVP General Partner, L.P. TC Group Cayman, L.P. is the sole general partner of CEVP, Ltd. and owns 100% of CEVP, Ltd.'s outstanding shares. TCG Holdings Cayman, L.P. is the sole general partner of TC Group Cayman, L.P. Carlyle Offshore Partners II, Ltd. is the sole general partner of TCG Holdings Cayman, L.P. Accordingly, Carlyle Offshore Partners II, Ltd., TCG Holdings Cayman, L.P., TC Group Cayman, L.P., CEVP, Ltd., CEVP General Partner, L.P., CEVP Co-Investment, L.P. and Carlyle Europe Venture Partners, L.P. each may be deemed to be a beneficial owner of the shares of Common Stock owned of record by CEVP Investment I, L.P. 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 Not applicable. Item 9. Notice of Dissolution of Group Not applicable. 11 Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held 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. 12 SIGNATURES After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: September 10, 2001 CARLYLE OFFSHORE PARTNERS II, LTD. By: /s/ Daniel A. D'Aniello ________________________________________ Name: Daniel A. D'Aniello Title: Director TCG HOLDINGS CAYMAN, L.P. By: Carlyle Offshore Partners II, Ltd., as its General Partner By: /s/ Daniel A. D'Aniello ________________________________________ Name: Daniel A. D'Aniello Title: Director TC GROUP CAYMAN, L.P. By: TCG Holdings Cayman, L.P., as its General Partner By: Carlyle Offshore Partners II, Ltd., as its General Partner By: /s/ Daniel A. D'Aniello ________________________________________ Name: Daniel A. D'Aniello Title: Director CEVP, LTD. By: /s/ Daniel A. D'Aniello ________________________________________ Name: Daniel A. D'Aniello Title: Director 13 CEVP GENERAL PARTNER, L.P. By: CEVP, Ltd., as its General Partner By: /s/ Daniel A. D'Aniello ______________________________________ Name: Daniel A. D'Aniello Title: Director CEVP CO-INVESTMENT, L.P. By: CEVP General Partner, L.P. By: CEVP, Ltd., as its General Partner By: /s/ Daniel A. D'Aniello ______________________________________ Name: Daniel A. D'Aniello Title: Director CARLYLE EUROPE VENTURE PARTNERS, L.P. By: CEVP General Partner, L.P. By: CEVP, Ltd., as its General Partner By: /s/ Daniel A. D'Aniello ______________________________________ Name: Daniel A. D'Aniello Title: Director CEVP INVESTMENT I, L.P. By: CEVP General Partner, L.P. By: CEVP, Ltd., as its General Partner By: /s/ Daniel A. D'Aniello ______________________________________ Name: Daniel A. D'Aniello Title: Director 14 EXHIBIT INDEX Exhibit No. Description 99.1 Agreement of Joint Filing E-1