0000950123-05-003144.txt : 20120607 0000950123-05-003144.hdr.sgml : 20120607 20050315163540 ACCESSION NUMBER: 0000950123-05-003144 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20050315 DATE AS OF CHANGE: 20050315 GROUP MEMBERS: DESAI CAPITAL MANAGEMENT INCORPORATED GROUP MEMBERS: PRIVATE EQUITY INVESTORS IV LP GROUP MEMBERS: ROHIT M DESAI ASSOCIATES IV LLC 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 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-44769 FILM NUMBER: 05682095 BUSINESS ADDRESS: STREET 1: 7277 WORLD COMMUNICATIONS DR CITY: OMAHA STATE: NE ZIP: 68122 BUSINESS PHONE: 4106595700 MAIL ADDRESS: STREET 1: 7277 WORLD COMMUNICATIONS DR CITY: OMAHA STATE: NE ZIP: 68122 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DESAI ROHIT M CENTRAL INDEX KEY: 0000936870 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: DESAI CAPITAL MANAGEMENT STREET 2: 410 PARK AVENUE, SUITE 830 CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128389191 MAIL ADDRESS: STREET 1: 410 PARK AVENUE STREET 2: SUITE 830 CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D 1 y06853sc13d.txt SCHEDULE 13D ------------------------------ OMB APPROVAL ------------------------------ OMB Number: 3235-0145 Expires: December 31, 2005 Estimated average burden hours per response..........11 ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (RULE 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(A) (AMENDMENT NO. )* Sitel Corporation -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, Par Value $0.001 Per Share -------------------------------------------------------------------------------- (Title of Class of Securities) 82980K107 (CUSIP Number) Andre J. McSherry c/o Desai Capital Management Incorporated 410 Park Avenue, Suite 830 New York, New York 10022 (212) 838-9191 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 21, 2000 -------------------------------------------------------------------------------- (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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [X]. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 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 (the "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). SCHEDULE 13D ------------------- ----------------- CUSIP NO. 82980K107 PAGE 2 OF 8 PAGES ------------------- ----------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Private Equity Investors IV, L.P. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) 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 -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 5,555,671 BENEFICIALLY --------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 0 REPORTING --------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 5,555,671 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,555,671 -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.5% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN -------------------------------------------------------------------------------- SCHEDULE 13D ------------------- ----------------- CUSIP NO. 82980K107 PAGE 3 OF 8 PAGES ------------------- ----------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Desai Capital Management Incorporated* -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) OO -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY --------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 5,555,671* REPORTING --------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 0 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 5,555,671* -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,555,671* -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.5%* -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA, CO -------------------------------------------------------------------------------- * Desai Capital Management Incorporated is the investment advisor to Private Equity Investors IV, L.P. Accordingly, securities owned by Private Equity Investors IV, L.P. may be deemed beneficially owned by Desai Capital Management Incorporated. Desai Capital Management Incorporated disclaims beneficial ownership of the shares held by Private Equity Investors IV, L.P. SCHEDULE 13D ------------------- ----------------- CUSIP NO. 82980K107 PAGE 4 OF 8 PAGES ------------------- ----------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Rohit M. Desai Associates IV, LLC* -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) 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 -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY --------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 5,555,671* REPORTING --------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 0 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 5,555,671* -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,555,671* -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.5%* -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO -------------------------------------------------------------------------------- * Rohit M. Desai Associates IV, LLC is the general partner of Private Equity Investors IV, L.P. Accordingly, securities owned by Private Equity Investors IV, L.P. may be deemed beneficially owned by Rohit M. Desai Associates IV, LLC. Rohit M. Desai Associates IV, LLC disclaims beneficial ownership of the shares held by Private Equity Investors IV, L.P. SCHEDULE 13D ------------------- ----------------- CUSIP NO. 82980K107 PAGE 5 OF 8 PAGES ------------------- ----------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Rohit M. Desai* -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) PF -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 146,600** BENEFICIALLY --------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 5,555,671* REPORTING --------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 146,600** --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 5,555,671* -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,702,271* ** -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.7%* ** -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN -------------------------------------------------------------------------------- * Rohit M. Desai is the President, Treasurer and Chairman of the Board of Desai Capital Management Incorporated and the director and sole stockholder of Desai Capital Management Incorporated. Accordingly, securities owned by Private Equity Investors IV, L.P. may be deemed beneficially owned by Rohit M. Desai. Rohit M. Desai disclaims beneficial ownership of the shares held by Private Equity Investors IV, L.P. ** The numbers in these items include 94,600 shares of Sitel Corporation Common Stock purchased by Rohit M. Desai from February 2002 through February 2005 (equaling in the aggregate, approximately 0.127% of the outstanding shares of Sitel Corporation Common Stock). The numbers in these items also include 52,000 shares of Sitel Corporation Common Stock which Rohit M. Desai may acquire under stock options which are exercisable currently or within 60 days. ITEM 1. SECURITY AND ISSUER. This statement on Schedule 13D ("Schedule 13D") relates to the common stock, par value $0.001 per share, (the "Common Stock") of Sitel Corporation, a Minnesota corporation (the "Issuer") held by Private Equity Investments IV, L.P. through its holdings of Common Stock of the Issuer. The Issuer's principal executive office is located at 7277 World Communications Drive Omaha, Nebraska 68122. ITEM 2. IDENTITY AND BACKGROUND. The name and state of formation of citizenship, as applicable, of each person or entity reporting pursuant to this Schedule 13D (each, a "Reporting Person") is herein incorporated by reference to Items 1 and 6 on the cover page of each respective Reporting Person. Each of the Reporting Persons is engaged in private equity investing. The principal office or business address, as applicable, of each of the Reporting Persons is c/o Desai Capital Management Incorporated, 410 Park Avenue, Suite 830, New York, New York 10022. Rohit M. Desai is the managing member of Rohit M. Desai Associates IV, LLC, which is the general partner of Private Equity Investors IV, L.P. Desai Capital Management Incorporated serves as the investment adviser to Private Equity Investors IV, L.P. Set forth in Schedule I and incorporated herein by reference are the names, business addresses and employments of each executive officer and director of Desai Capital Management Incorporated (each, a "Desai Capital Disclosed Party"). During the last five years, no Reporting Person or, to the knowledge of Desai Capital Management Incorporated, no Desai Capital Disclosed Party, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or has been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. All of the funds for the purchase of the Issuer's Common Stock consisted of the respective Reporting Person's contributed capital or own funds ITEM 4. PURPOSE OF TRANSACTION. Private Equity Investors IV, L.P. acquired the Issuer's Common Stock in the ordinary course of its business solely for investment purposes. Other than as set forth herein, the Reporting Persons have no current plan or proposal which relates to, or would result in, any of the actions enumerated in subparagraphs (a) through (j) of Item 4 of Schedule 13D. On April 21, 2000, Desai M. Rohit was elected to serve as a director of the Issuer's Board of Directors by the holders of the Common Stock. Desai M. Rohit has no present plans or proposals with respect to the matters set forth in Item 4 of Schedule 13D, other than in connection with his activities as a director of the Issuer. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. The response of each Reporting Person to Items 7 through 13 on each of their respective cover pages which relate to the beneficial ownership of the Common Stock of the Issuer is incorporated herein by reference. Pursuant to Rule 13d-4 under the Securities Exchange Act of 1934, as amended, each of Private Equity Investors IV, L.P., Desai Capital Management Incorporated, Rohit M. Desai Associates IV, LLC and Rohit M. Desai hereby declare that the filing of this Statement shall not be construed as an admission that any person is the beneficial owner of any securities covered by this Statement. There were no transactions involving the Issuer's Common Stock effected during the sixty days after April 21, 2000 which would have been required to be reported in this Statement. No person other than the Reporting Persons have the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of the Issuer's Common Stock owned beneficially by any such Reporting Persons. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDING OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Not applicable. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
EXHIBIT DESCRIPTION ------- ----------- 1 Joint Filing Agreement among Private Equity Investors IV, L.P., Desai Capital Management Incorporated, Rohit M. Desai Associates IV, LLC and Rohit M. Desai, dated March 14, 2005.
SIGNATURE 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. Dated: March 14, 2005 PRIVATE EQUITY INVESTORS IV, L.P. By: Rohit M. Desai Associates IV, LLC General Partner By: /s/ Rohit M. Desai ---------------------------- Name: Rohit M. Desai Title: Managing Member DESAI CAPITAL MANAGEMENT INCORPORATED By: /s/ Rohit M. Desai ------------------------------- Name: Rohit M. Desai Title: President /s/ Rohit M Desai ------------------------ Name: Rohit M. Desai SCHEDULE I PRIVATE EQUITY INVESTORS IV, L.P. The business address of each of the persons listed below is 410 Park Avenue, Suite 830, New York, New York 10022. Rohit M. Desai Associates IV, LLC ("RMDA-IV") is the general partner of Private Equity Investors IV, L.P. Desai Capital Management Incorporated ("DCMI") is the investment advisor to Private Equity Investors IV, L.P. The names and principal occupations of the Executive Officers of DCMI are as follows: Rohit M. Desai President, Treasurer and Chairman of the Board of DCMI, director and sole stockholder of DCMI, managing member of RMDA-IV Katharine B. Desai Secretary and Director of DCMI Andre J. McSherry Vice President
The names and principal occupations of the Directors of DCMI are as follows: Rohit M. Desai President, Treasurer and Chairman of the Board of DCMI, director and sole stockholder of DCMI, managing member of RMDA-IV Katharine B. Desai Secretary and Director of DCMI
EX-99.1 2 y06853exv99w1.txt JOINT FILING AGREEMENT JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of this Statement on Schedule 13D with respect to the Common Stock of Sitel Corporation and further agree to the filing of this agreement as an Exhibit thereto. Dated: March 14, 2005 PRIVATE EQUITY INVESTORS IV, L.P. By: Rohit M. Desai Associates IV, LLC General Partner By: /s/ Rohit M. Desai ----------------------------- Name: Rohit M. Desai Title: Managing Member DESAI CAPITAL MANAGEMENT INCORPORATED By: /s/ Rohit M. Desai ------------------------------- Name: Rohit M. Desai Title: President /s/ Rohit M. Desai ----------------------------------- Name: Rohit M. Desai