-----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, FKt8dcZ47NwjzKQQpksb5rPcsPAuYMoxjIv5rFRTjEQ0kTkZNcsaZT+tU0Y4wrzG ZElB4nVH2be95zGxu028RQ== 0000950142-06-000248.txt : 20060207 0000950142-06-000248.hdr.sgml : 20060207 20060207172953 ACCESSION NUMBER: 0000950142-06-000248 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060207 DATE AS OF CHANGE: 20060207 GROUP MEMBERS: ERNEST K. JACQUET GROUP MEMBERS: J&R ADVISORS F.F., INC. GROUP MEMBERS: J&R FOUNDERS FUND, L.P. GROUP MEMBERS: J&R INVESTMENT MANAGEMENT COMPANY, LLC GROUP MEMBERS: JOHN C. RUTHERFORD GROUP MEMBERS: PARTHENON CAPITAL, LLC GROUP MEMBERS: PARTHENON INVESTMENT ADVISORS, LLC GROUP MEMBERS: PARTHENON INVESTMENT PARTNERS, LLC GROUP MEMBERS: PARTHENON INVESTORS II, L.P. GROUP MEMBERS: PARTHENON INVESTORS, L.P. GROUP MEMBERS: PCAP II, LLC GROUP MEMBERS: PCAP PARTNERS II, LLC GROUP MEMBERS: PCIP INVESTORS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERLINE BRANDS, INC./DE CENTRAL INDEX KEY: 0001292900 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-HARDWARE & PLUMBING & HEATING EQUIPMENT & SUPPLIES [5070] IRS NUMBER: 030542659 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80492 FILM NUMBER: 06586366 BUSINESS ADDRESS: STREET 1: 801 W. BAY STREET CITY: JACKSONVILLE STATE: FL ZIP: 32204 BUSINESS PHONE: 904-421-1400 MAIL ADDRESS: STREET 1: 801 W. BAY STREET CITY: JACKSONVILLE STATE: FL ZIP: 32204 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PARTHENON INVESTORS L P CENTRAL INDEX KEY: 0001076897 IRS NUMBER: 043426088 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 200 STATE STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6174787000 MAIL ADDRESS: STREET 1: 200 STATE STREET CITY: BOSTON STATE: MA ZIP: 02109 SC 13G/A 1 sc13ga1_interline.txt AMENDMENT NO. 1 ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) INTERLINE BRANDS, INC. ---------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $.01 PER SHARE -------------------------------------- (Title of Class of Securities) 458743 10 1 -------------- (CUSIP Number) DECEMBER 31, 2005 ------------------------------------------------------- (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) [_] Rule 13d-1(c) [X] 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 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. 458743 10 1 Schedule 13G Page 2 of 24 - -------------------------------------------------------------------------------- 1. Name of Reporting Person. I.R.S. Identification No. of Above Person Parthenon Investors, L.P. 04-3426088 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power: 1,747,847 Number of shares ------------------------------------------------- Beneficially 6. Shared Voting Power: -0- Owned By Each ------------------------------------------------- Reporting 7. Sole Dispositive Power: 1,747,847 Person With ------------------------------------------------- 8. Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,747,847 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain shares: [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 5.42% - -------------------------------------------------------------------------------- 12. Type of Reporting Person: PN - -------------------------------------------------------------------------------- CUSIP NO. 458743 10 1 Schedule 13G Page 3 of 24 - -------------------------------------------------------------------------------- 1. Name of Reporting Person. I.R.S. Identification No. of Above Person Parthenon Investment Advisors, LLC 04-3426085 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power: 1,747,847 Number of shares ------------------------------------------------- Beneficially 6. Shared Voting Power: -0- Owned By Each ------------------------------------------------- Reporting 7. Sole Dispositive Power: 1,747,847 Person With ------------------------------------------------- 8. Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,747,847 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain shares: [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 5.42% - -------------------------------------------------------------------------------- 12. Type of Reporting Person: OO - -------------------------------------------------------------------------------- CUSIP NO. 458743 10 1 Schedule 13G Page 4 of 24 - -------------------------------------------------------------------------------- 1. Name of Reporting Person. I.R.S. Identification No. of Above Person Parthenon Investment Partners, LLC 04-3426087 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power: 1,747,847 Number of shares ------------------------------------------------- Beneficially 6. Shared Voting Power: -0- Owned By Each ------------------------------------------------- Reporting 7. Sole Dispositive Power: 1,747,847 Person With ------------------------------------------------- 8. Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,747,847 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain shares: [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 5.42% - -------------------------------------------------------------------------------- 12. Type of Reporting Person: OO - -------------------------------------------------------------------------------- CUSIP NO. 458743 10 1 Schedule 13G Page 5 of 24 - -------------------------------------------------------------------------------- 1. Name of Reporting Person. I.R.S. Identification No. of Above Person Parthenon Investors II, L.P. 04-3527200 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power: 329,812 Number of shares ------------------------------------------------- Beneficially 6. Shared Voting Power: -0- Owned By Each ------------------------------------------------- Reporting 7. Sole Dispositive Power: 329,812 Person With ------------------------------------------------- 8. Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 329,812 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain shares: [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 1.02% - -------------------------------------------------------------------------------- 12. Type of Reporting Person: PN - -------------------------------------------------------------------------------- CUSIP NO. 458743 10 1 Schedule 13G Page 6 of 24 - -------------------------------------------------------------------------------- 1. Name of Reporting Person. I.R.S. Identification No. of Above Person PCap Partners II, LLC 04-3527195 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power: 329,812 Number of shares ------------------------------------------------- Beneficially 6. Shared Voting Power: -0- Owned By Each ------------------------------------------------- Reporting 7. Sole Dispositive Power: 329,812 Person With ------------------------------------------------- 8. Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 329,812 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain shares: [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 1.02% - -------------------------------------------------------------------------------- 12. Type of Reporting Person: OO - -------------------------------------------------------------------------------- CUSIP NO. 458743 10 1 Schedule 13G Page 7 of 24 - -------------------------------------------------------------------------------- 1. Name of Reporting Person. I.R.S. Identification No. of Above Person PCap II, LLC 04-3527185 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power: 329,812 Number of shares ------------------------------------------------- Beneficially 6. Shared Voting Power: -0- Owned By Each ------------------------------------------------- Reporting 7. Sole Dispositive Power: 329,812 Person With ------------------------------------------------- 8. Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 329,812 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain shares: [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 1.02% - -------------------------------------------------------------------------------- 12. Type of Reporting Person: OO - -------------------------------------------------------------------------------- CUSIP NO. 458743 10 1 Schedule 13G Page 8 of 24 - -------------------------------------------------------------------------------- 1. Name of Reporting Person. I.R.S. Identification No. of Above Person J&R Founders Fund, L.P. 04-3517031 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power: 10,408 Number of shares ------------------------------------------------- Beneficially 6. Shared Voting Power: -0- Owned By Each ------------------------------------------------- Reporting 7. Sole Dispositive Power: 10,408 Person With ------------------------------------------------- 8. Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 10,408 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain shares: [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 0.03% - -------------------------------------------------------------------------------- 12. Type of Reporting Person: PN - -------------------------------------------------------------------------------- CUSIP NO. 458743 10 1 Schedule 13G Page 9 of 24 - -------------------------------------------------------------------------------- 1. Name of Reporting Person. I.R.S. Identification No. of Above Person J&R Advisors F.F., Inc. 04-3517028 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power: 10,408 Number of shares ------------------------------------------------- Beneficially 6. Shared Voting Power: -0- Owned By Each ------------------------------------------------- Reporting 7. Sole Dispositive Power: 10,408 Person With ------------------------------------------------- 8. Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 10,408 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain shares: [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 0.03% - -------------------------------------------------------------------------------- 12. Type of Reporting Person: CO - -------------------------------------------------------------------------------- CUSIP NO. 458743 10 1 Schedule 13G Page 10 of 24 - -------------------------------------------------------------------------------- 1. Name of Reporting Person. I.R.S. Identification No. of Above Person PCIP Investors 04-3458684 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power: 75,123 Number of shares ------------------------------------------------- Beneficially 6. Shared Voting Power: -0- Owned By Each ------------------------------------------------- Reporting 7. Sole Dispositive Power: 75,123 Person With ------------------------------------------------- 8. Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 75,123 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain shares: [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 0.23% - -------------------------------------------------------------------------------- 12. Type of Reporting Person: PN - -------------------------------------------------------------------------------- CUSIP NO. 458743 10 1 Schedule 13G Page 11 of 24 - -------------------------------------------------------------------------------- 1. Name of Reporting Person. I.R.S. Identification No. of Above Person Parthenon Capital, LLC 04-3538437 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power: 75,123 Number of shares ------------------------------------------------- Beneficially 6. Shared Voting Power: -0- Owned By Each ------------------------------------------------- Reporting 7. Sole Dispositive Power: 75,123 Person With ------------------------------------------------- 8. Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 75,123 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain shares: [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 0.23% - -------------------------------------------------------------------------------- 12. Type of Reporting Person: OO - -------------------------------------------------------------------------------- CUSIP NO. 458743 10 1 Schedule 13G Page 12 of 24 - -------------------------------------------------------------------------------- 1. Name of Reporting Person. I.R.S. Identification No. of Above Persons. J&R Investment Management Company, LLC 04-3538436 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power: 75,123 Number of shares ------------------------------------------------- Beneficially 6. Shared Voting Power: -0- Owned By Each ------------------------------------------------- Reporting 7. Sole Dispositive Power: 75,123 Person With ------------------------------------------------- 8. Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 75,123 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain shares: [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 0.23% - -------------------------------------------------------------------------------- 12. Type of Reporting Person: OO - -------------------------------------------------------------------------------- CUSIP NO. 458743 10 1 Schedule 13G Page 13 of 24 - -------------------------------------------------------------------------------- 1. Name of Reporting Person. I.R.S. Identification No. of Above Persons. John C. Rutherford - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: New Zealand - -------------------------------------------------------------------------------- 5. Sole Voting Power: -0- Number of shares ------------------------------------------------- Beneficially 6. Shared Voting Power: 2,163,190 Owned By Each ------------------------------------------------- Reporting 7. Sole Dispositive Power: -0- Person With ------------------------------------------------- 8. Shared Dispositive Power: 2,163,190 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 2,163,190 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain shares: [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 6.71% - -------------------------------------------------------------------------------- 12. Type of Reporting Person: IN - -------------------------------------------------------------------------------- CUSIP NO. 458743 10 1 Schedule 13G Page 14 of 24 - -------------------------------------------------------------------------------- 1. Name of Reporting Person. I.R.S. Identification No. of Above Persons. Ernest K. Jacquet - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: New Zealand - -------------------------------------------------------------------------------- 5. Sole Voting Power: -0- Number of shares ------------------------------------------------- Beneficially 6. Shared Voting Power: 2,163,190 Owned By Each ------------------------------------------------- Reporting 7. Sole Dispositive Power: -0- Person With ------------------------------------------------- 8. Shared Dispositive Power: 2,163,190 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 2,163,190 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain shares: [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 6.71% - -------------------------------------------------------------------------------- 12. Type of Reporting Person: IN - -------------------------------------------------------------------------------- CUSIP NO. 458743 10 1 Schedule 13G Page 15 of 24 - -------------------------------------------------------------------------------- Item 1. (a) NAME OF ISSUER Interline Brands, Inc. (the "Company"). (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES 801 W. Bay Street Jacksonville, Florida 32004-1605 Item 2. (a) NAMES OF PERSONS FILING (i) Parthenon Investors, L.P., a Delaware limited partnership ("Parthenon"); (ii) Parthenon Investment Advisors, LLC, a Delaware limited liability company ("Parthenon Advisors," the general partner of Parthenon); (iii) Parthenon Investment Partners, LLC, a Delaware limited liability company ("Parthenon Partners," the managing member of Parthenon Advisors); (iv) Parthenon Investors II, L.P., a Delaware limited partnership ("Parthenon II"); (v) PCap Partners II, LLC, a Delaware limited liability company ("PCap Partners," the general partner of Parthenon II); (vi) PCap II, LLC, a Delaware limited liability company ("PCap," the managing member of PCap Partners); (vii) J&R Founders Fund, L.P., a Delaware limited partnership ("J&R Fund"); (viii) J&R Advisors F.F., Inc., a Delaware corporation ("J&R Inc.," the general partner of J&R Fund); (ix) PCIP Investors, a Delaware general partnership ("PCIP"); (x) Parthenon Capital, LLC, a Delaware limited liability company ("Parthenon Capital," the managing partner of PCIP); (xi) J&R Investment Management Company, LLC, a Delaware limited liability company ("J&R LLC," the managing member of Parthenon Capital); (xii) John C. Rutherford ("Mr. Rutherford," a managing member of Parthenon Partners, PCap and J&R LLC and a shareholder and director of J&R Inc.); and (xiii) Ernest K. Jacquet ("Mr. Jacquet," a managing member of Parthenon Partners, PCap and J&R LLC and a shareholder and director of J&R Inc.) ((i) through (xiii) collectively, the "Reporting Persons"). CUSIP NO. 458743 10 1 Schedule 13G Page 16 of 24 - -------------------------------------------------------------------------------- (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE The address of the principal business offices of each of the Reporting Persons is c/o Parthenon Capital, Inc., 200 State Street, Boston, Massachusetts 02109. (c) CITIZENSHIP The place of organization of each of the Reporting Persons (other than Mr. Rutherford and Mr. Jacquet) is Delaware. Mr. Jacquet is a citizen of the United States and Mr. Rutherford is a citizen of New Zealand. (d) TITLE OF CLASS OF SECURITIES Common Stock, par value $0.01 per share (the "Common Stock") (e) CUSIP NUMBER Item 3. This statement is not filed pursuant to either Rule 13d-1(b) or 13d-2(b) or (c). Item 4. OWNERSHIP. (a) AMOUNT BENEFICIALLY OWNED: Parthenon may be deemed to beneficially own 1,747,847 shares of Common Stock held by it. Parthenon Advisors may be deemed to beneficially own 1,747,847 shares of Common Stock as a result of its voting and dispositive power over 1,747,847 shares of Common Stock held by Parthenon, of which Parthenon Advisors is the general partner. Parthenon Partners may be deemed to beneficially own 1,747,847 shares of Common Stock as a result of its voting and dispositive power over 1,747,847 shares of Common Stock held by Parthenon. Parthenon Partners is the managing member of Parthenon Advisors, which is the general partner of Parthenon. Parthenon II may be deemed to beneficially own 329,812 shares of Common Stock held by it. PCap Partners may be deemed to beneficially own 329,812 shares of Common Stock as a result of its voting and dispositive power over 329,812 shares of Common Stock held by Parthenon II, of which PCap Partners is the general partner. CUSIP NO. 458743 10 1 Schedule 13G Page 17 of 24 - -------------------------------------------------------------------------------- PCap may be deemed to beneficially own 329,812 shares of Common Stock as a result of its voting and dispositive power over 329,812 shares of Common Stock held by Parthenon II. PCap is the managing member of PCap Partners, which is the general partner of Parthenon II. J&R Fund may be deemed to beneficially own 10,408 shares of Common Stock held by it. J&R Inc. may be deemed to beneficially own 10,408 shares of Common Stock as a result of its voting and dispositive power over 10,408 shares of Common Stock held by J&R Fund, of which J&R Inc. is the general partner. PCIP may be deemed to beneficially own 75,123 shares of Common Stock held by it. Parthenon Capital may be deemed to beneficially own 75,123 shares of Common Stock as a result of its voting and dispositive power over 75,123 shares of Common Stock held by PCIP, of which Parthenon Capital is the managing partner. J&R LLC may be deemed to beneficially own 75,123 shares of Common Stock as a result of its voting and dispositive power over 75,123 shares of Common Stock held by PCIP. J&R LLC is the managing member of Parthenon Capital, which is the managing partner of PCIP. Mr. Rutherford, in his capacity as a managing member of Parthenon Partners (which is the managing member of Parthenon Advisors, which is the general partner of Parthenon), PCap (which is the managing member of PCap Partners, which is the general partner of Parthenon II) and J&R LLC (which is the managing member of Parthenon Capital, which is the managing partner of PCIP) and a 50% shareholder and director of J&R Inc. (which is the general partner of J&R Fund), may be deemed to beneficially own 2,163,190 shares of Common Stock as a result of his shared voting and dispositive power over: (i) 1,747,847 shares of Common Stock held by Parthenon, (ii) 329,812 shares of Common Stock held by Parthenon II, (iii) 75,123 shares of Common Stock held by PCIP and (iv) 10,408 shares of Common Stock held by J&R Fund. CUSIP NO. 458743 10 1 Schedule 13G Page 18 of 24 - -------------------------------------------------------------------------------- Mr. Jacquet, in his capacity as a managing member of Parthenon Partners (which is the managing member of Parthenon Advisors, which is the general partner of Parthenon), PCap (which is the managing member of PCap Partners, which is the general partner of Parthenon II) and J&R LLC (which is the managing member of Parthenon Capital, which is the managing partner of PCIP) and a 50% shareholder and director of J&R Inc. (which is the general partner of J&R Fund), may be deemed to beneficially own 2,163,190 shares of Common Stock as a result of his shared voting and dispositive power over: (i) 1,747,847 shares of Common Stock held by Parthenon, (ii) 329,812 shares of Common Stock held by Parthenon II, (iii) 75,123 shares of Common Stock held by PCIP and (iv) 10,408 shares of Common Stock held by J&R Fund. (b) PERCENTAGE OWNED: Based on calculations made in accordance with Rule 13d-3, and there being approximately 32,220,669 shares of Common Stock outstanding (as reported by the Company in its quarterly report on Form 10-Q dated November 10, 2005): (i) Parthenon, Parthenon Advisors and Parthenon Partners may each be deemed to beneficially own approximately 5.42% of the outstanding Common Stock, (ii) Parthenon II, PCap Partners and PCap may each be deemed to beneficially own approximately 1.02% of the outstanding Common Stock, (iii) J&R Fund and J&R Inc. may each be deemed to beneficially own approximately 0.03% of the outstanding Common Stock, (iv) PCIP, Parthenon Capital and J&R LLC may each be deemed to beneficially own approximately 0.23% of the outstanding Common Stock and (v) Mr. Rutherford and Mr. Jacquet may each be deemed to beneficially own approximately 6.71% of the outstanding Common Stock. (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS POWER TO VOTE AND/OR DIRECT THE DISPOSITION: (A) Parthenon may be deemed to have the sole power to direct the voting and disposition of the 1,747,847 shares of Common Stock held by it; (B) Parthenon Advisors, in its capacity as the general partner of Parthenon, may be deemed to have the sole power to direct the voting and disposition of the 1,747,847 shares of Common Stock held by Parthenon; (C) Parthenon Partners, in its capacity as the managing member of Parthenon Advisors, may be deemed to have the sole power to direct the voting and disposition of the 1,747,847 shares of Common Stock held by Parthenon; (D) Parthenon II may be deemed to have the sole power to direct the voting and disposition of the 329,812 shares of Common Stock held by it; (E) PCap Partners, in its capacity as the general partner of Parthenon II, may be deemed to have the sole power to direct the voting and disposition of the 329,812 shares of Common Stock held by Parthenon II; (F) PCap, in its capacity as the managing member of PCap Partners, CUSIP NO. 458743 10 1 Schedule 13G Page 19 of 24 - -------------------------------------------------------------------------------- may be deemed to have the sole power to direct the voting and disposition of the 329,812 shares of Common Stock held by Parthenon II; (G) J&R Fund may be deemed to have the sole power to direct the voting and disposition of the 10,408 shares of Common Stock held by it; (H) J&R Inc., in its capacity as the general partner of J&R Fund, may be deemed to have the sole power to direct the voting and disposition of the 10,408 shares of Common Stock held by J&R Fund; (I) PCIP may be deemed to have the sole power to direct the voting and disposition of the 75,123 shares of Common Stock held by it; (J) Parthenon Capital, in its capacity as the managing partner of PCIP, may be deemed to have the sole power to direct the voting and disposition of the 75,123 shares of Common Stock held by PCIP; (K) J&R LLC, in its capacity as the managing member of Parthenon Capital, may be deemed to have the sole power to direct the voting and disposition of the 75,123 shares of Common Stock held by PCIP; (L) Mr. Rutherford, in his capacity as a managing member of Parthenon Partners, PCap and J&R LLC, and in his capacity as a shareholder and director of J&R Inc., may be deemed to share the power to direct the voting and disposition of (i) the 1,747,847 shares of Common Stock held by Parthenon, (ii) the 329,812 shares of Common Stock held by Parthenon II, (iii) the 10,408 shares of Common Stock held by J&R Fund and (iv) the 75,123 shares of Common Stock held by PCIP; and (M) Mr. Jacquet, in his capacity as a managing member of Parthenon Partners, PCap and J&R LLC, and in his capacity as a shareholder and director of J&R Inc., may be deemed to share the power to direct the voting and disposition of (i) the 1,747,847 shares of Common Stock held by Parthenon, (ii) the 329,812 shares of Common Stock held by Parthenon II, (iii) the 10,408 shares of Common Stock held by J&R Fund and (iv) the 75,123 shares of Common Stock held by PCIP. Each of the Reporting Persons disclaims beneficial ownership of the Common Stock beneficially owned by the other Reporting Persons, other than the shares of Common Stock reported in this Schedule 13G as being beneficially owned by such Reporting Person. 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. CUSIP NO. 458743 10 1 Schedule 13G Page 20 of 24 - -------------------------------------------------------------------------------- Item 7. IDENTIFICATION AND CLASSIFICATION OF 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 See Exhibit 2. Item 9. NOTICE OF DISSOLUTION OF GROUP Not applicable. Item 10. CERTIFICATION Not applicable. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] CUSIP NO. 458743 10 1 Schedule 13G Page 21 of 24 - -------------------------------------------------------------------------------- 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 as of February 7, 2006 PARTHENON INVESTORS, L.P. By: PARTHENON INVESTMENT ADVISORS, LLC, its General Partner By: PARTHENON INVESTMENT PARTNERS, LLC, its Managing Member By: /s/ Ernest K. Jacquet ---------------------------------- Name: Ernest K. Jacquet Title: Managing Member PARTHENON INVESTMENT ADVISORS, LLC By: PARTHENON INVESTMENT PARTNERS, LLC, its Managing Member By: /s/ Ernest K. Jacquet ---------------------------------- Name: Ernest K. Jacquet Title: Managing Member PARTHENON INVESTMENT PARTNERS, LLC By: /s/ Ernest K. Jacquet ---------------------------------- Name: Ernest K. Jacquet Title: Managing Member PARTHENON INVESTORS II, L.P. By: PCAP PARTNERS II, LLC, its General Partner By: PCAP II, LLC, its Managing Member By: /s/ Ernest K. Jacquet ---------------------------------- Name: Ernest K. Jacquet Title: Managing Member CUSIP NO. 458743 10 1 Schedule 13G Page 22 of 24 - -------------------------------------------------------------------------------- PCAP PARTNERS II, LLC By: PCAP II, LLC, its Managing Member By: /s/ Ernest K. Jacquet ---------------------------------- Name: Ernest K. Jacquet Title: Managing Member PCAP II, LLC By: /s/ Ernest K. Jacquet ---------------------------------- Name: Ernest K. Jacquet Title: Managing Member J&R FOUNDERS FUND, L.P. By: J&R ADVISORS F.F. INC. its General Partner By: /s/ Ernest K. Jacquet ---------------------------------- Name: Ernest K. Jacquet Title: Managing Member J&R ADVISORS, INC. By: /s/ Ernest K. Jacquet ---------------------------------- Name: Ernest K. Jacquet Title: Managing Member PCIP INVESTORS By: PARTHENON CAPITAL, LLC, its Managing Partner By: J&R INVESTMENT MANAGEMENT COMPANY, LLC, its Managing Member By: /s/ Ernest K. Jacquet ---------------------------------- Name: Ernest K. Jacquet Title: Director, President and Secretary CUSIP NO. 458743 10 1 Schedule 13G Page 23 of 24 - -------------------------------------------------------------------------------- PARTHENON CAPITAL, LLC By: J&R INVESTMENT MANAGEMENT COMPANY, LLC its Managing Member By: /s/ Ernest K. Jacquet ---------------------------------- Name: Ernest K. Jacquet Title: Managing Member J&R INVESTMENT MANAGEMENT COMPANY, LLC By: /s/ Ernest K. Jacquet ---------------------------------- Name: Ernest K. Jacquet Title: Managing Member /s/ John Rutherford ------------------------------------- John C. Rutherford /s/ Ernest K. Jacquet ------------------------------------- Ernest K. Jacquet CUSIP NO. 458743 10 1 Schedule 13G Page 24 of 24 - -------------------------------------------------------------------------------- EXHIBIT INDEX Exhibit 1. Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended (previously filed). Exhibit 2. Identity of members of group filing this schedule (previously filed). -----END PRIVACY-ENHANCED MESSAGE-----