-----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, BkgTdGMCJK0jRKDmgtAFseHeSmTiAns4qFXe7nB8okPmb5y4lVmVbourk82N7phN VAaUrqyoEwca/LvkiGER0Q== 0000950135-97-001703.txt : 19970409 0000950135-97-001703.hdr.sgml : 19970409 ACCESSION NUMBER: 0000950135-97-001703 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970407 SROS: AMEX GROUP MEMBERS: ACFS LIMITED PARTNERSHIP GROUP MEMBERS: ADVENT INTERNATIONAL CORP ET AL GROUP MEMBERS: ADVENT INTERNATIONAL LIMITED PARTNERSHIP GROUP MEMBERS: DIGITAL MEDIA & COMMUNICATIONS LTD PARTNERSHIP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MEDIA LOGIC INC CENTRAL INDEX KEY: 0000815185 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 042772354 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-42955 FILM NUMBER: 97575604 BUSINESS ADDRESS: STREET 1: 310 SOUTH ST STREET 2: P O BOX 2258 CITY: PLAINVILLE STATE: MA ZIP: 02762 BUSINESS PHONE: 5086952006 MAIL ADDRESS: STREET 1: 310 SOUTH ST STREET 2: P O BOX 2258 CITY: PLAINVILLE STATE: MA ZIP: 02762 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ADVENT INTERNATIONAL CORP ET AL CENTRAL INDEX KEY: 0000939424 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 042840139 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 101 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6179519400 MAIL ADDRESS: STREET 1: 101 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 SC 13D 1 MEDIA LOGIC, INC. 1 ----------------------------- OMB APPROVAL UNITED STATES OMB Number: 3235-0145 SECURITIES AND EXCHANGE COMMISSION Expires: October 31, 1997 WASHINGTON, D.C. 20549 Estimated average burden hours per response..... 14.90 -----------------------------
SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. ________)* MEDIA LOGIC, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, $0.01 PAR VALUE - -------------------------------------------------------------------------------- (Title of Class of Securities) 58441B-10-0 ---------------------------------------- (CUSIP Number) c/o Advent International Corp. JANET LOUISE HENNESSY 101 FEDERAL STREET, BOSTON, MA 02110 617-951-9400 - ----------------------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
March 24, 1997 ---------------------------------------------------------- (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 | |. Check the following box if a fee is being paid with this statement |X|. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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). SEC 1746 (12-91) Copyright (c)1992. NRS Systems, Inc. (Portions of Software Only) 2 SCHEDULE 13D CUSIP NO. 58441B-10-0 PAGE 2 OF 11 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ADVENT INTERNATIONAL CORPORATION - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) |X| (b) | | - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS * OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | | - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 1,025,201 SHARES ------------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY NONE EACH ------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER REPORTING 1,025,201 PERSON ------------------------------------------------------------ WITH 10 SHARED DISPOSITIVE POWER NONE - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,025,201 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * | | - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON * CO, IA - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! 2 of 7 INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. Copyright (c)1992. NRS Systems, Inc. (Portions of Software Only) 3 SCHEDULE 13D CUSIP NO. 58441B-10-0 PAGE 3 OF 11 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ADVENT INTERNATIONAL LIMITED PARTNERSHIP - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) |X| (b) | | - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS * OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | | - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 785,201 SHARES ------------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY NONE EACH ------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER REPORTING 785,201 PERSON ------------------------------------------------------------ WITH 10 SHARED DISPOSITIVE POWER NONE - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 785,201 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * | | - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON * PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! 2 of 7 INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. Copyright (c)1992. NRS Systems, Inc. (Portions of Software Only) 4 SCHEDULE 13D CUSIP NO. 58441B-10-0 PAGE 4 OF 11 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DIGITAL MEDIA & COMMUNICATIONS LIMITED PARTNERSHIP - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) |X| (b) | | - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS * OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | | - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 785,201 SHARES ------------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY NONE EACH ------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER REPORTING 785,201 PERSON ------------------------------------------------------------ WITH 10 SHARED DISPOSITIVE POWER NONE - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 785,201 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * | | - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON * PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! 2 of 7 INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. Copyright (c)1992. NRS Systems, Inc. (Portions of Software Only) 5 SCHEDULE 13D CUSIP NO. 58441B-10-0 PAGE 5 OF 11 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ACFS LIMITED PARTNERSHIP - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) |X| (b) | | - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS * OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | | - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 240,000 SHARES ------------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY NONE EACH ------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER REPORTING 240,000 PERSON ------------------------------------------------------------ WITH 10 SHARED DISPOSITIVE POWER NONE - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 240,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * | | - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON * PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! 2 of 7 INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. Copyright (c)1992. NRS Systems, Inc. (Portions of Software Only) 6 CUSIP Number 58441B-10-0 13D Page 6 of 11 Item 1. Security and Issuer. - ------ This statement on Schedule 13D relates to the Reporting Persons' (as defined in Item 2 below) beneficial ownership interest in the Common Stock, $0.01 par value (the "Common Stock") of Media Logic, Inc., a Massachusetts corporation (the "Corporation"). The CUSIP number associated with such Common Stock is 58441B-10-0. The address of the principal executive office of the Corporation is 310 South Street, P.O. Box 2258, Plainville, MA 02762. Item 2. Identity and Background - ------ (a) (b) (c) and (f) This statement is being filed by the following entities: (1) Advent International Corporation, a Delaware corporation; (2) Advent International Limited Partnership, a Delaware limited partnership; (3) Digital Media & Communications Limited Partnership, a Delaware limited partnership; (4) ACFS Limited Partnership, a Delaware limited partnership; The persons serving as directors and executive officers of Advent International Corporation are set forth on Schedule A hereto. The entities listed in subparagraph (1) through (4) above are herein collectively referred to as the "Reporting Persons" and individually as a "Reporting Person." Advent International Corporation ("Advent") is an investment advisory firm. ACFS Limited Partnership ("ACFS") and Advent International Limited Partnership ("AILP") are venture capital investment funds the general partner of which is Advent. AILP is the general Partner of Digital Media & Communications Limited Partnership("Digital") a venture capital investment fund. Except as otherwise stated on Schedule A hereto, the principal business address of all of the Reporting Persons is c/o Advent International Corporation, 101 Federal Street, Boston, MA 02110. 7 CUSIP Number 58441B-10-0 13D Page 7 of 11 (d) (e) During the last five years, none of the Reporting Persons nor any person listed on Schedule A has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). During the last five years, none of the Reporting Persons nor any person listed on Schedule A has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which any 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 violations with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration - ------ The reporting persons' paid an aggregate of $1,050,000 for the acquisition of Subordinated Convertible Debentures and Common Stock Purchase Warrants of the Corporation. The Subordinated Convertible Debentures and Common Stock Purchase Warrants are convertible into an aggregate of approximately 14% of the Corporation's Common Stock. Item 4. Purpose of the Transaction. - ------ The Reporting Persons acquired the Subordinated Convertible Debentures and Common Stock Purchase Warrants in a private placement transaction, which took place on March 24, 1997. The Subordinated Convertible Debentures are convertible into Common Stock beginning on the earlier of (i) the effective date of a registration statement of the underlying Common Stock or (ii) the 91st calendar day after the date of issuance. The conversion price of the debentures is equal to the lesser of 120% of the average closing price over a five trading-day period of the Common Stock ending on the last trading day of the subscription date or 80% of the average closing price over a five trading-day period of the Common Stock ending on the day prior to conversion. The warrants become exercisable 180 days after the date of issuance. The reporting persons acquired the securities of the Corporation strictly for investment purposes. The Reporting Persons intend to periodically review their investment in the Corporation. Depending upon future evaluations of the business prospects of the Corporation and upon other developments, including, but not limited to, general economic and business conditions and market conditions, the Reporting Persons may determine to increase or decrease their equity interest in the Corporation by acquiring additional securities, or by disposing of all or a portion of the securities now held. 8 CUSIP Number 58441B-10-0 13D Page 8 of 11 Except to the extent set forth above in this Item 4, none of the Reporting Persons has any present plan or proposal which relates to or would result in (i) an extraordinary corporate transaction, such as a merger, reorganization, liquidation, or sale or transfer of a material amount of assets involving the Corporation or any of its subsidiaries, (ii) any change in the Corporation's present Board of Directors or management, (iii) any material changes in the Corporation's present capitalization or dividend policy or any other material change in the Corporation's present business or corporate structure, (iv) any change in the Corporation's charter or by-laws, or (v) the Corporation's common stock becoming eligible for termination of its registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934. Item 5. Interest in Securities of the Issuer. - ------ (a) The following table sets forth the aggregate number and percentage (based upon the number of shares of Common Stock outstanding as of February 12, 1997) of the Common Stock beneficially owned by each Reporting Person named in Item 2 of this statement. The aggregate number and percentage of the Common Stock beneficially owned by each Reporting Person is calculated in accordance with Rule 13d-3(d)(1), provided however that the debentures are convertible 91 days after the date of issuance, and the warrants become exercisable 180 days after the date of issuance.
Number of Shares ------------------------------------------ Subordinated Common Stock Percentage Convertible Purchase of Shares Reporting Person Debenture1 Warrants2 Total Outstanding - ------------------------------------------------------------------------------------------------- Digital Media & Communications Limited Partnership (1) 374,331 410,870 785,201 11.1% ------- ------- ------- ---- Advent International Limited Partnership (1) 374,331 410,870 785,201 11.1% ------- ------- ------- ---- ACFS Limited Partnership (2) 0 240,000 240,000 3.7% Advent International Corporation 374,331 650,870 1,025,201 14.0% ------- ------- ------- ---- Total Group Ownership 374,331 650,870 1,025,201 14.0% ======= ======= ========= ==== - ---------- 1 Assuming that the conversion price is $2.805 per share, which is 120% of the average closing price over a five trading-day period ending on the last trading day of the subscription date, although the conversion price could be lower. The debentures are convertible beginning on June 23, 1997. The actual number of shares issuable upon conversion of the debentures may be greater or lesser, depending upon the market price of the Common Stock at the time of such conversion. 2 The warrants become exercisable on September 20, 1997 at a purchase price of $3.00, per share. The actual number of shares issuable upon exercise of the warrants and the purchase price are subject to adjustment.
9 CUSIP Number 58441B-10-0 13D Page 9 of 11 (1) Advent is the General Partner of AILP, which in turn is the General Partner of Digital. As such, Advent has the sole power to vote and dispose of the securities owned by the indicated reporting persons. The beneficial ownership of Advent and AILP derives from such power. (2) Advent is the General Partner of ACFS. As such, Advent has the power to vote and dispose of the securities owned by the indicated reporting persons. The beneficial ownership of Advent derives from such power. (b) Each of the Reporting Persons listed in the table set forth above has sole voting and dispositive power over the Common Stock beneficially owned by it as indicated above. (c) (d) (e) Not applicable. ITEM 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. See Item 4. Item 7. Material to be Filed as Exhibits. - ------ Not applicable (THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK) 10 CUSIP Number 58441B-10-0 13D Page 10 of 11 SIGNATURE --------- After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. April 4, 1997 - ------- ADVENT INTERNATIONAL CORPORATION By: Janet L. Hennessy Vice President /s/ Janet L. Hennessy --------------------- ADVENT INTERNATIONAL LIMITED PARTNERSHIP By: Advent International Corporation, General Partner By: Janet L. Hennessy Vice President /s/ Janet L. Hennessy --------------------- DIGITAL MEDIA & COMMUNICATIONS LIMITED PARTNERSHIP By: Advent International Limited Partnership, General Partner By: Advent International Corporation, General Partner By: Janet L. Hennessy Vice President /s/ Janet L. Hennessy --------------------- ACFS LIMITED PARTNERSHIP By: Advent International Corporation, General Partner By: Janet L. Hennessy Vice President /s/ Janet L. Hennessy --------------------- 11 CUSIP Number 58441B-10-0 13D Page 11 of 11 SCHEDULE A The name and present principal occupation of each executive officer and director of Advent International Corporation is set forth below. The business address of each executive officer and director of Advent International Corporation is c/o Advent International Corporation, 101 Federal Street, Boston, Massachusetts 02110. All of the persons listed below are United States citizens. I. Advent International Corporation Position with Principal Advent International Occupation Name Corporation (if different) ---- ----------- -------------- Peter A. Brooke Chairman Douglas R. Brown Chief Executive Officer President Director Thomas R. Armstrong Director Executive Vice President Chief Operating Officer Thomas H. Lauer Senior Vice President Chief Financial Officer Mark Hoffman Director Chief Executive Officer of Hamilton Lunn Limited Frank Savage Director Senior Vice President of Equitable Life Assurance Society Vice Chairman of Equitable Capital Management Corp. William H. Gorham Secretary -----END PRIVACY-ENHANCED MESSAGE-----