-----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, PL2OcAQm00pa1oPMEAZj98OLxy6yfytGA2wk9KfsNcSsv23esVoGozGfF2oxaru2 0s441A0+P8uuG+XiVHqI8A== 0000893750-04-000523.txt : 20041112 0000893750-04-000523.hdr.sgml : 20041111 20041112145126 ACCESSION NUMBER: 0000893750-04-000523 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20041112 DATE AS OF CHANGE: 20041112 GROUP MEMBERS: KKR ASSOCIATES (KLC) L.P. GROUP MEMBERS: KKR ASSOCIATES L.P. GROUP MEMBERS: KKR PARTNERS II, L.P. GROUP MEMBERS: KKR-KLC L.L.C. GROUP MEMBERS: KLC ASSOCIATES, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KINDERCARE LEARNING CENTERS INC /DE CENTRAL INDEX KEY: 0000832812 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-CHILD DAY CARE SERVICES [8351] IRS NUMBER: 630941966 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-40318 FILM NUMBER: 041138556 BUSINESS ADDRESS: STREET 1: 650 NE HOLLADAY STREET STREET 2: SUITE 1400 CITY: PORTLAND STATE: OR ZIP: 97232 BUSINESS PHONE: (503) 872-1300 MAIL ADDRESS: STREET 1: 650 NE HOLLADAY STREET STREET 2: SUITE 1400 CITY: PORTLAND STATE: OR ZIP: 97232 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KLC ASSOCIATES L P CENTRAL INDEX KEY: 0001024805 IRS NUMBER: 133930460 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O KKR & CO STREET 2: 9 WEST 57TH ST CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2127508300 MAIL ADDRESS: STREET 1: C/O KKR & CO STREET 2: 9 WEST 57TH ST CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D/A 1 schedule13d_a.txt SCHEDULE 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3)* KinderCare Learning Centers, Inc. - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $ .01 per share - ------------------------------------------------------------------------------- (Title of Class of Securities) 494521 30 5 - ------------------------------------------------------------------------------- (CUSIP Number) KLC Associates, L.P., KKR Associates (KLC) L.P., KKR-KLC L.L.C., KKR Partners II, L.P. and KKR Associates L.P. c/o Kohlberg Kravis Roberts & Co., L.P., 9 West 57th Street, New York, N.Y. 10019 (212) 750-8300 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 5, 2004 - ------------------------------------------------------------------------------- (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 that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. / / Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss.240.13d-7 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). CUSIP NO. 494521 30 5 - --------- --------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) KLC Associates, L.P. - --------- --------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) / / (b) / / - --------- --------------------------------------------------------------------- 3 SEC USE ONLY - --------- --------------------------------------------------------------------- 4. SOURCES OF FUNDS (SEE INSTRUCTIONS) Not Applicable - --------- --------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - --------- --------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------- -------- ------------------------------------------------- NUMBER OF SHARES 7. SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,454,210 WITH -------- ------------------------------------------------- 8. SHARED VOTING POWER 0 -------- ------------------------------------------------- 9. SOLE DISPOSITIVE POWER 15,454,210 -------- ------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 - --------- --------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,454,210 - --------- --------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) / / - --------- --------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 78.36% - --------- --------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - --------- --------------------------------------------------------------------- CUSIP NO. 494521 30 5 - --------- --------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS (ENTITIES ONLY) I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS KKR Associates (KLC) L.P. - --------- --------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) / / (b) / / - --------- --------------------------------------------------------------------- 3 SEC USE ONLY - --------- --------------------------------------------------------------------- 4. SOURCES OF FUNDS (SEE INSTRUCTIONS) Not Applicable - --------- --------------------------------------------------------------------- 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 - -------------------- -------- ------------------------------------------------- NUMBER OF SHARES 7. SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 WITH -------- ------------------------------------------------- 8. SHARED VOTING POWER 15,454,210 -------- ------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 -------- ------------------------------------------------- 10. SHARED DISPOSITIVE POWER 15,454,210 - --------- --------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,454,210 - --------- --------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) / / - --------- --------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 78.36% - --------- --------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - --------- --------------------------------------------------------------------- CUSIP NO. 494521 30 5 - --------- --------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS (ENTITIES ONLY) I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS KKR-KLC L.L.C. - --------- --------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) / / (b) / / - --------- --------------------------------------------------------------------- 3 SEC USE ONLY - --------- --------------------------------------------------------------------- 4. SOURCES OF FUNDS* Not Applicable - --------- --------------------------------------------------------------------- 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 - -------------------- -------- ------------------------------------------------- NUMBER OF SHARES 7. SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 WITH ------- ------------------------------------------------- 8. SHARED VOTING POWER 15,454,210 -------- ------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 -------- ------------------------------------------------- 10. SHARED DISPOSITIVE POWER 15,454,210 - --------- --------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,454,210 - --------- --------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) / / - --------- --------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 78.36% - --------- --------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - --------- --------------------------------------------------------------------- CUSIP NO. 494521 30 5 - --------- --------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS (ENTITIES ONLY) I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) KKR Partners II, L.P. - --------- --------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / --------- -------------------------------------------------------------------- 3 SEC USE ONLY - --------- --------------------------------------------------------------------- 4. SOURCES OF FUNDS (SEE INSTRUCTIONS) Not Applicable - --------- --------------------------------------------------------------------- 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 - -------------------- -------- ------------------------------------------------- NUMBER OF SHARES 7. SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON 203,684 WITH -------- ------------------------------------------------- 8. SHARED VOTING POWER 0 -------- ------------------------------------------------- 9. SOLE DISPOSITIVE POWER 203,684 -------- ------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 - --------- --------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 203,684 - --------- --------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) / / - --------- --------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.03% - --------- --------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - --------- --------------------------------------------------------------------- CUSIP NO. 494521 30 5 - --------- --------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS (ENTITES ONLY) I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS KKR Associates L.P. - --------- --------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) / / (b) / / - --------- --------------------------------------------------------------------- 3 SEC USE ONLY - --------- --------------------------------------------------------------------- 4. SOURCES OF FUNDS* Not Applicable - --------- --------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - --------- --------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------- -------- ------------------------------------------------- NUMBER OF SHARES 7. SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 WITH -------- ------------------------------------------------- 8. SHARED VOTING POWER 203,684 -------- ------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 -------- ------------------------------------------------- 10. SHARED DISPOSITIVE POWER 203,684 - --------- --------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 203,684 - --------- --------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) / / - --------- --------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.03% - --------- --------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - --------- --------------------------------------------------------------------- Amendment No. 3 to Schedule 13D The Statement on Schedule 13D, as previously amended (the "Schedule 13D"), relating to the common stock, par value $.01 per share (the "Issuer Common Stock"), of KinderCare Learning Centers, Inc., a Delaware corporation (the "Issuer"), as previously filed by the Reporting Persons, consisting of KLC Associates, L.P. ("KLC Associates"), KKR Associates (KLC) L.P. ("KKR Associates KLC"), KKR-KLC L.L.C. ("KKR-KLC LLC"), KKR Partners II, L.P. ("KKR Partners II") and KKR Associates L.P. ("KKR Associates") is hereby amended and supplemented with respect to the items set forth below. Capitalized terms used without definition have the meanings ascribed to such terms in the Schedule 13D. ITEM 4. Purpose of Transaction. Item 4 is hereby amended as follows: On November 5, 2004, KLC Associates and KKR Partners II entered into an Agreement and Plan of Merger (the "Merger Agreement") with KU Education LLC ("Parent"), KUE Merger Sub Inc., a wholly-owned subsidiary of KU Education LLC ("Merger Sub"), Issuer, TCW Special Credits Fund V - The Principal Fund and David J. Johnson. Subject to the terms and conditions of the Merger Agreement, (a) KLC Associates and KKR Partners II, along with other shareholders of the Issuer, will sell to Parent all of the shares of Issuer Common Stock owned by them (the "Stock Purchase") and (b) immediately thereafter Merger Sub will merge with and into Issuer (the "Merger"), with each shareholder of Issuer receiving the same cash consideration in the Merger as KLC Associates, KKR Partners II and such other shareholders receive in the Stock Purchase. Pursuant to the Merger Agreement, the per share price is determined by a formula which Issuer estimates will result in a price of approximately $25.94 per share of Issuer Common Stock, $24.74 of which would be paid upon closing and $1.20 of which would be placed in escrow for one year to satisfy indemnification obligations. As a result of the transactions contemplated by the Agreement, Issuer will become a wholly-owned subsidiary of Parent. Item 4 is hereby supplemented by the following: 1. Agreement and Plan of Merger, dated as of November 5, 2004, by and among KU Education LLC, KUE Merger Sub Inc., KinderCare Learning Centers, Inc., KLC Associates, L.P., KKR Partners II, L.P., TCW Special Credit Fund V - The Principal Fund and David J. Johnson (incorporated herein by reference to Exhibit 2.1 of the Form 8-K filed by KinderCare Learning Centers, Inc. on November 9, 2004 (File No. 000-17098)). ITEM 5. Interest in Securities of the Issuer. Item 5 is hereby supplemented by the following: The information contained in Item 5 of the Schedule 13D is hereby amended and supplemented by the information set forth in Item 4, which is incorporated by reference herein. The number of shares of Issuer Common Stock previously reported as beneficially owned by each of the Reporting Persons has been adjusted to reflect a 2-for-1 stock split effected on August 20, 2002. ITEM 6. Contracts, Arrangements, Understandings or Relationships with respect to Securities of the Issuer. The information contained in Item 6 of the Schedule 13D is hereby amended and supplemented by the information set forth above in Items 4 and 5, which is incorporated by reference herein. ITEM 7. Material to be Filed as Exhibits. Item 7 is hereby supplemented by the following 6. Agreement and Plan of Merger, dated as of November 5, 2004, by and among KU Education LLC, KUE Merger Sub Inc., KinderCare Learning Centers, Inc., KLC Associates, L.P., KKR Partners II, L.P., TCW Special Credit Fund V - The Principal Fund and David J. Johnson (incorporated herein by reference to Exhibit 2.1 of the Form 8-K filed by KinderCare Learning Centers, Inc. on November 9, 2004 (File No. 000-17098)). Signature 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. November 10, 2004 KLC Associates, L.P. By: KKR ASSOCIATES (KLC) L.P., its General Partner By: KKR-KLC L.L.C., its General Partner By: /s/ Michael W. Michelson -------------------------- Name: Michael W. Michelson Title: Member KKR Associates (KLC) L.P. By: KKR-KLC L.L.C., its General Partner By: /s/ Michael W. Michelson -------------------------- Name: Michael W. Michelson Title: Member KKR-KLC L.L.C By: /s/ Michael W. Michelson -------------------------- Name: Michael W. Michelson Title: Member KKR Partners II, L.P. By: KKR ASSOCIATES L.P., its General Partner By: /s/ Michael W. Michelson -------------------------- Name: Michael W. Michelson Title: General Partner KKR Associates L.P. By: /s/ Michael W. Michelson -------------------------- Name: Michael W. Michelson Title: General Partner -----END PRIVACY-ENHANCED MESSAGE-----