-----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, CfNkKJ//29SRPHbZt8uOlTHQcZnhmBoSpycHLidCK1XbM4F2gwYwohLV7FD0ngmV 2xkN1xbTt8UYP9sxhjWfIg== 0000899140-98-000525.txt : 19981211 0000899140-98-000525.hdr.sgml : 19981211 ACCESSION NUMBER: 0000899140-98-000525 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981210 GROUP MEMBERS: E.M. WARBURG, PINCUS & CO., LLC GROUP MEMBERS: WARBURG PINCUS VENTURES LP GROUP MEMBERS: WARBURG, PINCUS & CO. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ESPRIT TELECOM GROUP PLC CENTRAL INDEX KEY: 0001032142 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 000000000 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-50821 FILM NUMBER: 98767742 BUSINESS ADDRESS: STREET 1: MINERVA HOUSE VALPY STREET CITY: READING UNITED KINGD STATE: X0 ZIP: 00000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WARBURG PINCUS VENTURES LP CENTRAL INDEX KEY: 0000942263 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 133784037 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: E M WARBURG PINCUS & CO INC STREET 2: 466 LEXINGTON AVE 10TH FL CITY: NEW YORK STATE: NY ZIP: 10017-3147 BUSINESS PHONE: 2128780600 MAIL ADDRESS: STREET 1: E M WARBURG PINCUS & CO INC STREET 2: 466 LEXINGTON AVE 10TH FL CITY: NEW YORK STATE: NY ZIP: 10017-3147 SC 13D/A 1 AMENDMENT NO. 4 TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 4) Esprit Telecom Group plc - -------------------------------------------------------------------------------- (Name of Issuer) Ordinary Shares, nominal value (pound)0.01 each - -------------------------------------------------------------------------------- (Title of Class of Securities) 29665W104 - -------------------------------------------------------------------------------- (CUSIP Number of Class of Securities) Stephen Distler E.M. Warburg, Pincus & Co., LLC 466 Lexington Avenue New York, New York 10017 (212) 878-0600 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Copies to: William N. Dye Willkie Farr & Gallagher 35 Wilson Street London EC2M 2SJ England (011) 44-171-696-9060 December 8, 1998 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Schedule) 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 Rule 13d-1(b)(3) or (4), check the following: [ ]. SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 29665W104 Page 2 of 8 Pages - -------------------------------------------------------------------------------- - ---- --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Warburg, Pincus Ventures, L.P. I.D. #13-3784037 - ---- --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [ ] (b) [X] - ---- --------------------------------------------------------------------------- 3 SEC USE ONLY - ---- --------------------------------------------------------------------------- 4 SOURCE OF FUNDS * OO - ---- --------------------------------------------------------------------------- 5 CHECK 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 0 Ordinary Shares --------- ------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES 15,442,150 Ordinary Shares BENEFICIALLY --------- ------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 0 Ordinary Shares REPORTING --------- ------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 15,442,150 Ordinary Shares - ---- --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,442,150 Ordinary Shares - ---- --------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * [ ] - ---- --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.3% - ---- --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON * PN - ---- --------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 29665W104 Page 3 of 8 Pages - -------------------------------------------------------------------------------- - ---- --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Warburg, Pincus & Co. I.D. #13-6358475 - ---- --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [ ] (b)[X] - ---- --------------------------------------------------------------------------- 3 SEC USE ONLY - ---- --------------------------------------------------------------------------- 4 SOURCE OF FUNDS * N/A - ---- --------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ---- --------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------- --------- ------------------------------------------------------- 7 SOLE VOTING POWER 0 Ordinary Shares --------- ------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES 15,442,150 Ordinary Shares BENEFICIALLY --------- ------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 0 Ordinary Shares REPORTING --------- ------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 15,442,150 Ordinary Shares - ---- --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,442,150 Ordinary Shares - ---- --------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * [ ] - ---- --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.3% - ---- --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON * PN - ---- --------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 29665W104 Page 4 of 8 Pages - -------------------------------------------------------------------------------- - ---- --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON E.M. Warburg, Pincus & Co., LLC I.D. #13-3536050 - ---- --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a)[ ] (b)[X] - ---- --------------------------------------------------------------------------- 3 SEC USE ONLY - ---- --------------------------------------------------------------------------- 4 SOURCE OF FUNDS * N/A - ---- --------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ---- --------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 Ordinary Shares --------- ------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES 15,442,150 Ordinary Shares BENEFICIALLY --------- ------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 0 Ordinary Shares REPORTING --------- ------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 15,442,150 Ordinary Shares - ---- --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,442,150 Ordinary Shares - ---- --------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * [ ] - ---- --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.3% - ---- --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON * OO - ---- --------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. This Amendment No. 4 amends the statement on Schedule 13D filed with the Securities and Exchange Commission on October 22, 1998 (the "Initial Filing"), as amended by Amendment No. 1 to the Schedule 13D filed with the Securities and Exchange Commission on November 2, 1998, Amendment No. 2 to the Schedule 13D filed with the Securities and Exchange Commission on November 12, 1998 and Amendment No. 3 to the Schedule 13D filed with the Securities and Exchange Commission on November 24, 1998 (collectively with the Initial Filing, the "Schedule 13D") on behalf of Warburg, Pincus Ventures, L.P., a Delaware limited partnership ("Ventures"), Warburg, Pincus & Co., a New York general partnership ("WP"), and E.M. Warburg, Pincus & Co., LLC, a New York limited liability company ("EMW"), relating to the Ordinary Shares, nominal value (pound)0.01 each (the "Ordinary Shares"), of Esprit Telecom Group plc, a public limited company organized under the laws of England and Wales, whose principal executive office is located at Minerva House, Valpy Street, Reading, RG1 1AR, United Kingdom. This statement is being filed by the Reporting Entities (as defined in the Initial Filing). There has been no change in the number of Ordinary Shares held by the Reporting Entities since the date of the Initial Filing and, other than as set forth herein, there has been no material change in the information set forth in the Schedule 13D. The Schedule 13D is supplementally amended as set forth herein. Item 4. Purpose of Transaction. Item 4 of the Schedule 13D is hereby amended to add the following: Acquisition by Global TeleSystems Group, Inc. --------------------------------------------- On December 8, 1998, the Boards of Directors of Global TeleSystems Group, Inc. ("GTS") and the Company announced that they had entered into an agreement in respect of a proposed recommended offer (the "Exchange Offer") to be made by Bear, Stearns International Limited, on behalf of GTS, to acquire all of the Ordinary Shares (including all Ordinary Shares represented by American Depositary Shares), in exchange for shares of the Common Page 5 of 8 Pages Stock, par value $0.10 per share of GTS (the "GTS Transaction"). In connection with the GTS Transaction, Ventures entered into an Irrevocable Undertaking with GTS (the "IU") to tender all of the Ordinary Shares held by it in the Exchange Offer. The IU allows Ventures to transfer Ordinary Shares (subject to the requirements set forth therein, including the requirement that any transferee execute and deliver a substantially similar Irrevocable Undertaking). Ventures may determine to dispose of Ordinary Shares pursuant to the applicable provisions of the IU, depending on a variety of factors, certain of which are set forth below. The IU is filed as Exhibit 99.9 and is incorporated by reference herein. Subject to the provisions of the IU, the Reporting Entities may from time to time acquire additional Ordinary Shares or dispose of Ordinary Shares through open market or privately negotiated transactions or otherwise, depending on existing market conditions and other considerations discussed below. The Reporting Entities intend to review their investment in the Company on a continuing basis and, subject to the provisions of the IU and depending upon the price and availability of Ordinary Shares, subsequent developments affecting the Company, the Company's business and prospects, other investment and business opportunities available to the Reporting Entities, general stock market and economic conditions, tax considerations and other factors considered relevant, may decide at any time not to increase, or to decrease, the size of their investment in the Company. Except for the GTS Transaction as set forth herein or in Item 6, none of the Reporting Entities nor, to the best of their knowledge, any person listed in Schedule I to the Initial Filing, has any plans or proposals which relate to or would result in: (a) the acquisition by any person of additional securities of the Company, or the disposition of securities of the Company; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; (d) any change in the Page 6 of 8 Pages present Board of Directors or management of the Company, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) any material change in the present capitalization or dividend policy of the Company; (f) any other material change in the Company's business or corporate structure; (g) changes in the Company's Memorandum and Articles of Association or instruments corresponding thereto or other actions which may impede the acquisition of control of the Company by any person; (h) causing a class of securities of the Company to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act; or (j) any action similar to any of those enumerated above. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Item 6 of the Schedule 13D is hereby amended to add the following: The information set forth in Item 4 above is incorporated herein by reference. Item 7. Material to be Filed as Exhibits. Item 7 of the Schedule 13D is hereby amended to add the following: 99.9 Irrevocable Undertaking by Warburg, Pincus Ventures, L.P. dated 8 December 1998.(*) Page 7 of 8 Pages SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: December 10, 1998 WARBURG, PINCUS VENTURES, L.P. By: Warburg, Pincus & Co., General Partner By:/s/Stephen Distler ------------------ Stephen Distler Partner Dated: December 10, 1998 WARBURG, PINCUS & CO. By:/s/ Stephen Distler ------------------- Stephen Distler Partner Dated: December 10, 1998 E.M. WARBURG, PINCUS & CO., LLC By:/s/ Stephen Distler ------------------- Stephen Distler Member Page 8 of 8 Pages EXHIBIT INDEX EXHIBIT NO. TITLE - ----------- ----- 99.9 Irrevocable Undertaking by Warburg, Pincus Ventures, L.P. dated 8 December 1998(*) - ----------------------------------- (*) Incorporated herein by reference to Exhibit 2.5 in the Registration Statement on Form S-4 of Global TeleSystems Group, Inc., filed with the Securities and Exchange Commission on December 8, 1998 (which Registration Statement also includes the Press Announcement attached to the Irrevocable Undertaking). -----END PRIVACY-ENHANCED MESSAGE-----