-----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, JAiKN5oU1WtbtMai0DY3sZ9gj36xCHOYFUd954nMFVhRziriFIWTgRW5s9rXQlw6 wiZ9sPeXxYvQBvHK1g6g3g== 0000891836-03-000211.txt : 20030401 0000891836-03-000211.hdr.sgml : 20030401 20030401142936 ACCESSION NUMBER: 0000891836-03-000211 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030401 GROUP MEMBERS: PRIVATE EQUITY INVESTORS IV, L.P. GROUP MEMBERS: ROBHIT M. DESAI ASSOCIATES IV, LLC GROUP MEMBERS: ROHIT M. DESAI SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SITEL CORP CENTRAL INDEX KEY: 0000943820 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 470684333 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-44769 FILM NUMBER: 03633925 BUSINESS ADDRESS: STREET 1: 111 SOUTH CALVERT, STE. 1910 CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 4106595700 MAIL ADDRESS: STREET 1: 13215 BIRCH ST STREET 2: SUITE 100 CITY: OMAHA STATE: NE ZIP: 68164 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DESAI CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0000918180 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 540 MADISION AVE 36TH FL CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127059107 MAIL ADDRESS: STREET 1: 540 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G/A 1 sc0117.txt AMENDMENT NO. 1 TO SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No. 1)* SITEL CORPORATION - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.001 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 82980K 10 7 --------------------------------- (CUSIP Number) January 1, 2002 to December 31, 2002 - -------------------------------------------------------------------------------- Date of Event Which Requires Filing of this Statement Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter 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). Page 1 of 10 pages - --------------------- CUSIP NO. 82980K 10 7 - --------------------- - ------------------------------------------------------------ 1. NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Private Equity Investors IV, L.P. - ------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------ 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------ 5. SOLE VOTING POWER NUMBER OF 5,555,671 SHARES ---------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON 5,555,671 WITH -------------------------------- 8. SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,555,671 - ------------------------------------------------------------ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ------------------------------------------------------------ 12. TYPE OF REPORTING PERSON PN - ------------------------------------------------------------ Page 2 of 10 pages - --------------------- CUSIP NO. 82980K 10 7 - --------------------- - ------------------------------------------------------------ 1. NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Rohit M. Desai Associates IV, LLC - ------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------ 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------ 5. SOLE VOTING POWER NUMBER OF 5,555,671 SHARES ---------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON 5,555,671 WITH ---------------------------------------- 8. SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,555,671 - ------------------------------------------------------------ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ------------------------------------------------------------ 12. TYPE OF REPORTING PERSON OO - ------------------------------------------------------------ Page 3 of 10 pages - --------------------- CUSIP NO. 82980K 10 7 - --------------------- - ------------------------------------------------------------ 1. NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Desai Capital Management Incorporated - ------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------ 4. CITIZENSHIP OR PLACE OF ORGANIZATION New York - ------------------------------------------------------------ 5. SOLE VOTING POWER NUMBER OF 5,555,671 SHARES ---------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON 5,555,671 WITH ---------------------------------------- 8. SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,555,671 - ------------------------------------------------------------ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ------------------------------------------------------------ 12. TYPE OF REPORTING PERSON IA - ------------------------------------------------------------ Page 4 of 10 pages - --------------------- CUSIP NO. 82980K 10 7 - --------------------- - ------------------------------------------------------------ 1. NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Rohit M. Desai - ------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------ 4. CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - ------------------------------------------------------------ 5. SOLE VOTING POWER NUMBER OF 5,595,671 SHARES ---------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON 5,595,671 WITH ---------------------------------------- 8. SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,595,671 - ------------------------------------------------------------ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ------------------------------------------------------------ 12. TYPE OF REPORTING PERSON IN - ------------------------------------------------------------ Page 5 of 10 pages CUSIP NO. 82980K 10 7 ITEM 1. (a) Name of Issuer: SITEL Corporation (b) Address of Issuer's Principal Executive Offices: 111 S. Calvert Street - Suite 1900 Baltimore, MD 21202-6189 ITEM 2. (a) Name of Person Filing: Private Equity Investors IV, L.P. ("PEI IV"); Rohit M. Desai Associates IV, LLC ("RMDA IV"); Desai Capital Management Incorporated ("Desai Capital"); and Rohit M. Desai (b) Address of Principal Business Office or, if none, Residence For PEI IV, RMDA IV, Desai Capital, and Rohit M. Desai: 410 Park Avenue, Suite 830 New York, NY 10022 (c) Citizenship: For PEI IV and RMDA IV: Delaware For Desai Capital: New York For Rohit M. Desai: U.S.A. (d) Title of Class of Securities: Common Stock, par value $0.001 per share (e) CUSIP Number: 82980K 10 7 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b), CHECK WHETHER THE PERSON IS A: This statement is filed pursuant to Rule 13d-1(b) only with respect to Desai Capital: (a) [ ] Broker or Dealer registered under Section 15 of the Act (b) [ ] Bank as defined in section 3(a)(6) of the Act Page 6 of 10 pages (c) [ ] Insurance Company as defined in section 3(a)(19) of the Act (d) [ ] Investment Company registered under section 8 of the Investment Company Act (e) [X] Investment Adviser registered under section 203 of the Investment Advisers Act of 1940- For Desai Capital only (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund, see section 240.13d-1(b)(1)(ii)(F) (g) [ ] Parent Holding Company, in accordance with section 240.13d- 1(b)(ii)(G) (Note: See Item 7) (h) [ ] Group, in accordance with section 240.13d-1(b)(1)(ii)(H) ITEM 4. OWNERSHIP (a) Amount Beneficially Owned: 5,555,671 PEI IV, RMDA IV and Desai Capital: 5,555,671 Rohit M. Desai: 5,595,671 (b) Percent of Class: 7.5% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: PEI IV, RMDA IV and Desai Capital: 5,555,671 Rohit M. Desai: 5,595,671 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or direct the disposition of: PEI IV, RMDA IV and Desai Capital: 5,555,671 Rohit M. Desai: 5,595,671 (iv) shared power to dispose or direct the disposition of: 0 Pursuant to Rule 13d-4 under the Securities Exchange Act of 1934, RMDA IV, Desai Capital, and Rohit M. Desai hereby declare that the filing of this Statement shall not be construed as an admission that any person other than PEI IV is the beneficial owner of any securities covered by this Statement. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [_]. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. N/A ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. N/A ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. N/A ITEM 9. NOTICE OF DISSOLUTION OF GROUP. N/A ITEM 10. The certification on (a) below is made only by Desai Capital. (a) By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. The certification in (b) below is made only by PEI IV, RMDA IV, and Rohit M. Desai. Page 8 of 10 Pages (b) By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 9 of 10 Pages SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. April 1, 2003 PRIVATE EQUITY INVESTORS IV, L.P. By: Rohit M. Desai Associates IV, LLC, its general partner By: /s/ Rohit M. Desai ------------------------------- Name: Rohit M. Desai Title: Managing Member ROHIT M. DESAI ASSOCIATES IV, LLC By: /s/ Rohit M. Desai ------------------------------- Name: Rohit M. Desai Title: Managing Member DESAI MANAGEMENT INCORPORATED By: /s/ Rohit M. Desai ------------------------------- Name: Rohit M. Desai Title: President /s/ Rohit M. Desai ---------------------------------- Rohit M. Desai Page 10 of 10 pages EXHIBIT INDEX Exhibit Description --------------------------- Exhibit A Agreement of Joint Filing, dated as of April 1, 2003, by and among Private Equity Investors IV, L.P., Rohit M. Desai Associates IV, LLC, Desai Management Incorporated and Rohit M. Desai. EXHIBIT A AGREEMENT OF JOINT FILING In accordance with Rule 13d-1(k) under the Securities and Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing on behalf of each of them of a Statement on Schedule 13G, and any amendments thereto, with respect to the Common Stock, par value $0.001 per share, of SITEL Corporation and that this agreement be included as an Exhibit to such filing. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which together shall be deemed to constitute one and the same agreement. IN WITNESS WHEREOF, each of the undersigned hereby executes this Agreement as of April 1, 2003. PRIVATE EQUITY INVESTORS IV, L.P. By: Rohit M. Desai Associates IV, LLC, its general partner By: /s/ Rohit M. Desai ------------------------------- Name: Rohit M. Desai Title: Managing Member ROHIT M. DESAI ASSOCIATES IV, LLC By: /s/ Rohit M. Desai ------------------------------- Name: Rohit M. Desai Title: Managing Member DESAI MANAGEMENT INCORPORATED By: /s/ Rohit M. Desai ------------------------------- Name: Rohit M. Desai Title: President /s/ Rohit M. Desai ---------------------------------- Rohit M. Desai -----END PRIVACY-ENHANCED MESSAGE-----