CUSIP NO. G02602 10 3 Page 1 of 13 Pages
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. )1
Amdocs Limited
- --------------------------------------------------------------------------------
(Name of Issuer)
Ordinary Shares
- --------------------------------------------------------------------------------
(Title of Class of Securities)
G02602 10 3
- --------------------------------------------------------------------------------
(CUSIP Number)
Welsh, Carson, Anderson Robert A. Schwed, Esq.
& Stowe IX, L.P., Reboul, MacMurray, Hewitt
320 Park Avenue, Suite 2500 & Maynard
New York, New York 10022 45 Rockefeller Plaza
Attention: Jonathan M. Rather New York, New York 10111
Tel. (212) 893-9500 Tel. (212) 841-5700
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 5, 2002
- --------------------------------------------------------------------------------
(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 which 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 [ ].
- --------
1 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 or otherwise
subject to the liabilities of that section of the Act but shall be subject to
all other provisions of the Act.
CUSIP NO. G02602 10 3 Page 2 of 13 Pages
1) Name of Reporting Person Welsh, Carson, Ander-
I.R.S. Identification son & Stowe IX, L.P.
No. of Above Person
(Entities Only)
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a) [X]
if a Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds WC
- --------------------------------------------------------------------------------
5) Check if Disclosure of
Legal Proceedings Is Not Applicable
Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6) Citizenship or Place
of Organization Delaware
- --------------------------------------------------------------------------------
Number of 7) Sole Voting 6,756,602
Shares Beneficially Power Ordinary Shares
Owned by Each
Reporting Person --------------------------------------------
With 8) Shared Voting
Power -0-
--------------------------------------------
9) Sole Disposi- 6,756,602
tive Power Ordinary Shares
--------------------------------------------
10) Shared Dis-
positive Power -0-
--------------------------------------------
11) Aggregate Amount Beneficially 6,756,602
Owned by Each Reporting Person Ordinary Shares
- --------------------------------------------------------------------------------
12) Check if the Aggregate
Amount in Row (11)
Excludes Certain Shares
- --------------------------------------------------------------------------------
13) Percent of Class
Represented by 3.1%
Amount in Row (11)
- --------------------------------------------------------------------------------
14) Type of Reporting
Person PN
CUSIP NO. G02602 10 3 Page 3 of 13 Pages
1) Name of Reporting Person Welsh, Carson, Ander-
I.R.S. Identification son & Stowe VII, L.P.
No. of Above Person
(Entities Only)
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a) [X]
if a Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds Not Applicable
- --------------------------------------------------------------------------------
5) Check if Disclosure of
Legal Proceedings Is Not Applicable
Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6) Citizenship or Place
of Organization Delaware
- --------------------------------------------------------------------------------
Number of 7) Sole Voting 5,527,054
Shares Beneficially Power Ordinary Shares
Owned by Each
Reporting Person --------------------------------------------
With 8) Shared Voting
Power -0-
--------------------------------------------
9) Sole Disposi- 5,527,054
tive Power Ordinary Shares
--------------------------------------------
10) Shared Dis-
positive Power -0-
--------------------------------------------
11) Aggregate Amount Beneficially 5,527,054
Owned by Each Reporting Person Ordinary Shares
- --------------------------------------------------------------------------------
12) Check if the Aggregate
Amount in Row (11)
Excludes Certain Shares
- --------------------------------------------------------------------------------
13) Percent of Class
Represented by 2.6%
Amount in Row (11)
- --------------------------------------------------------------------------------
14) Type of Reporting
Person PN
CUSIP NO. G02602 10 3 Page 4 of 13 Pages
1) Name of Reporting Person Welsh, Carson, Ander-
I.R.S. Identification son & Stowe VI, L.P.
No. of Above Person
(Entities Only)
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a) [X]
if a Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds Not Applicable
- --------------------------------------------------------------------------------
5) Check if Disclosure of
Legal Proceedings Is Not Applicable
Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6) Citizenship or Place
of Organization Delaware
- --------------------------------------------------------------------------------
Number of 7) Sole Voting 1,614,792
Shares Beneficially Power Ordinary Shares
Owned by Each
Reporting Person --------------------------------------------
With 8) Shared Voting
Power -0-
--------------------------------------------
9) Sole Disposi- 1,614,792
tive Power Ordinary Shares
--------------------------------------------
10) Shared Dis-
positive Power -0-
--------------------------------------------
11) Aggregate Amount Beneficially 1,614,792
Owned by Each Reporting Person Ordinary Shares
- --------------------------------------------------------------------------------
12) Check if the Aggregate
Amount in Row (11)
Excludes Certain Shares
- --------------------------------------------------------------------------------
13) Percent of Class
Represented by 0.8%
Amount in Row (11)
- --------------------------------------------------------------------------------
14) Type of Reporting
Person PN
CUSIP NO. G02602 10 3 Page 5 of 13 Pages
1) Name of Reporting Person WCAS Capital Partners
I.R.S. Identification III, L.P.
No. of Above Person
(Entities Only)
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a) [X]
if a Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds Not Applicable
- --------------------------------------------------------------------------------
5) Check if Disclosure of
Legal Proceedings Is Not Applicable
Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6) Citizenship or Place
of Organization Delaware
- --------------------------------------------------------------------------------
Number of 7) Sole Voting 1,443,494
Shares Beneficially Power Ordinary Shares
Owned by Each
Reporting Person --------------------------------------------
With 8) Shared Voting
Power -0-
--------------------------------------------
9) Sole Disposi- 1,443,494
tive Power Ordinary Shares
--------------------------------------------
10) Shared Dis-
positive Power -0-
--------------------------------------------
11) Aggregate Amount Beneficially 1,443,494
Owned by Each Reporting Person Ordinary Shares
- --------------------------------------------------------------------------------
12) Check if the Aggregate
Amount in Row (11)
Excludes Certain Shares
- --------------------------------------------------------------------------------
13) Percent of Class
Represented by 0.7%
Amount in Row (11)
- --------------------------------------------------------------------------------
14) Type of Reporting
Person PN
CUSIP NO. G02602 10 3 Page 6 of 13 Pages
Schedule 13D
------------
Item 1. Security and Issuer.
-------------------
This statement relates to the Ordinary Shares (the "Ordinary Shares")
of Amdocs Limited, an Island of Guernsey corporation ("Amdocs" or the "Issuer").
The principal executive offices of the Issuer's principal United States
subsidiary are located at 1390 Timberlake Manor Parkway, Chesterfield, Missouri
63017.
Item 2. Identity and Background.
-----------------------
(a) Pursuant to Rule 13d-1(k)(1)-(2) of Regulation 13D-G of the
General Rules and Regulations under the Securities Exchange Act of 1934, as
amended (the "Act"), the undersigned hereby file this statement on Schedule 13D
on behalf of Welsh, Carson, Anderson & Stowe IX, L.P., a Delaware limited
partnership ("WCAS IX"), Welsh, Carson, Anderson & Stowe VII, L.P., a Delaware
limited partnership ("WCAS VII"), Welsh, Carson, Anderson & Stowe VI, L.P., a
Delaware limited partnership ("WCAS VI"), and WCAS Capital Partners III, L.P., a
Delaware limited partnership ("WCAS CP III"). WCAS IX, WCAS VII, WCAS VI, and
WCAS CP III are sometimes hereinafter referred to as the "Reporting Persons".
The Reporting Persons are making this single, joint filing because they may be
deemed to constitute a "group" within the meaning of Section 13(d)(3) of the
Act. The Agreement among the Reporting Persons to file as a group (the "Group
Agreement") is attached hereto as Exhibit A.
WCAS IX
-------
(b)-(c) WCAS IX is a Delaware limited partnership. The principal
business of WCAS IX is that of a private investment partnership. The sole
general partner of WCAS IX is WCAS IX Associates, L.L.C., a Delaware limited
liability company ("IX Associates"). The principal business of IX Associates is
that of acting as the general partner of WCAS IX. The principal business and
principal office address of WCAS IX, IX Associates and the managing members of
IX Associates is 320 Park Avenue, Suite 2500, New York, New York 10022. The
managing members of IX Associates are citizens of the United States, and their
respective principal occupations are set forth below.
WCAS VII
--------
(b)-(c) WCAS VII is a Delaware limited partnership. The principal
business of WCAS VII is that of a private investment partnership. The sole
general partner of WCAS VII is WCAS VII Partners, L.P., a Delaware limited
partnership ("VII Partners"). The principal business of VII Partners is that of
acting as the general partner of WCAS VII. The principal business and principal
office address of WCAS VII, VII Partners and the general partners of VII
Partners is 320 Park Avenue, Suite 2500, New York, New York 10022. The general
partners of VII Partners are citizens of the United States, and their respective
principal occupations are set forth below.
CUSIP NO. G02602 10 3 Page 7 of 13 Pages
WCAS VI
-------
(b)-(c) WCAS VI is a Delaware limited partnership. The principal
business of WCAS VI is that of a private investment partnership. The sole
general partner of WCAS VI is WCAS VI Partners, L.P., a Delaware limited
partnership ("VI Partners"). The principal business of VI Partners is that of
acting as the general partner of WCAS VI. The principal business and principal
office address of WCAS VI, VI Partners and the general partners of VI Partners
is 320 Park Avenue, Suite 2500, New York, New York 10022. The general partners
of VI Partners are citizens of the United States, and their respective principal
occupations are set forth below.
WCAS CP III
-----------
(b)-(c) WCAS CP III is a Delaware limited partnership. The
principal business of WCAS CP III is that of a private investment partnership.
The sole general partner of WCAS CP III is WCAS CP III Associates, L.L.C., a
Delaware limited liability company ("CP III Associates"). The principal
business of CP III Associates is that of acting as the general partner of WCAS
CP III. The principal business and principal office address of WCAS CP III,
CP III Associates and the managing members of CP III Associates is 320 Park
Avenue, Suite 2500, New York, New York 10022. The managing members of CP III
Associates are citizens of the United States, and their respective principal
occupations are set forth below.
Name Occupation
- ---- ----------
Patrick J. Welsh Managing Member, IX Associates and CP III Associates,
General Partner, VII Partners and VI Partners
Russell L. Carson Managing Member, IX Associates and CP III Associates,
General Partner, VII Partners and VI Partners
Bruce K. Anderson Managing Member, IX Associates and CP III Associates,
General Partner, VII Partners and VI Partners
Thomas E. McInerney Managing Member, IX Associates and CP III Associates,
General Partner, VII Partners and VI Partners
Robert A. Minicucci Managing Member, IX Associates and CP III Associates,
General Partner, VII Partners and VI Partners
Anthony J. deNicola Managing Member, IX Associates and CP III Associates,
General Partner, VII Partners and VI Partners
Paul B. Queally Managing Member, IX Associates and CP III Associates,
General Partner, VII Partners and VI Partners
Lawrence B. Sorrel Managing Member, IX Associates and CP III Associates,
General Partner, VII Partners
Jonathan M. Rather Managing Member, IX Associates and CP III Associates,
General Partner, VII Partners
John D. Clark Managing Member, IX Associates
CUSIP NO. G02602 10 3 Page 8 of 13 Pages
Sanjay Swani Managing Member, IX Associates
D. Scott Mackesy Managing Member, IX Associates
James R. Matthews Managing Member, IX Associates
(d) None of the entities or individuals identified in this Item 2 has,
during the last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) None of the entities or individuals identified in this Item 2 has,
during the last five years, been a 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 and Other Consideration.
--------------------------------------------------
Between July 1, 2002 and July 10, 2002, WCAS IX purchased an aggregate
6,756,602 Ordinary Shares in open market transactions, at an average purchase
price of $7.87 per share. The source of funds for such purchases was WCAS IX's
working capital, or funds available for investment. The managing members of IX
Associates also purchased, between July 1, 2002 and July 10, 2002,an aggregate
202,698 Ordinary Shares in open market transactions, at an average purchase
price of $7.87 per share. The sources of funds for such purchases were such
individuals' personal funds. The Ordinary Shares held by WCAS VII, WCAS VI and
WCAS CP III were acquired in privately-negotiated transactions prior to the
Isuer's initial public offering.
Item 4. Purpose of Transaction.
----------------------
WCAS IX has acquired securities of the Issuer for investment purposes.
WCAS IX intends to review its investment in the Issuer and may, based on such
review as well as other factors (including, among other things, its evaluation
of the Issuer's business, prospects and financial condition, amounts and prices
of available securities of the Issuer, the market for the Issuer's securities,
other opportunities available to WCAS IX and general market and economic
conditions), acquire additional securities of the Issuer, on the open market or
in privately negotiated transactions. In addition, based on its review and/or
discussions with management, WCAS IX may explore from time to time a possible
restructuring of the Issuer. WCAS IX reserves the right at any time to change
its present intention with respect to any or all of the matters referred to in
this Item 4, or to dispose of any or all of the securities of the Issuer
purchased by it.
Bruce K. Anderson, a managing member of IX Associates and CP III
Associates and a general partner of VII Partners and VI Partners, is a Director
and the Chairman of the Board of the Issuer. Robert A. Minicucci, also a
managing member of IX Associates and CP III Associates and a general partner of
VII Partners and VI Partners, is also a member of the Issuer's Board of
Directors. Except as set forth in this Item 4, neither the Reporting
CUSIP NO. G02602 10 3 Page 9 of 13 Pages
Persons nor, to their knowledge, Mr. Anderson, Mr. Minicucci or any of the other
managing members of IX Associates or CP III Associates or general partners of
VII Partners or VI Partners has any current plans or proposals which relate to
or would result in any of the actions specified in clauses (a) through (j) of
Item 4 of Schedule 13D, although the Reporting Persons and such other persons do
not rule out the possibility of effecting or seeking to effect any such actions
in the future.
Item 5. Interest in Securities of the Issuer.
------------------------------------
The information below is based on a total of 215,483,263 Ordinary
Shares outstanding as of June 24, 2002.
(a)
WCAS IX
-------
WCAS IX owns 6,756,602 Ordinary Shares, or approximately 3.1% of the
Ordinary Shares outstanding. IX Associates, as the general partner of WCAS IX,
may be deemed to beneficially own the securities owned by WCAS IX.
WCAS VII
--------
WCAS VII owns 5,527,054 Ordinary Shares, or approximately 2.6% of the
Ordinary Shares outstanding. VII Partners, as the general partner of WCAS VII,
may be deemed to beneficially own the securities owned by WCAS VII.
WCAS VI
-------
WCAS VI owns 1,614,792 Ordinary Shares, or approximately 0.8% of the
Ordinary Shares outstanding. VI Partners, as the general partner of WCAS VI, may
be deemed to beneficially own the securities owned by WCAS VI.
WCAS CP III
-----------
WCAS CP III owns 1,443,494 Ordinary Shares, or approximately 0.7% of
the Ordinary Shares outstanding. CP III Associates, as the general partner of
WCAS CP III, may be deemed to beneficially own the securities owned by WCAS CP
III.
Managing Members of IX Associates and CP III Associates
and General Partners of VII Partners and VI Partners
-------------------------------------------------------
(i) Patrick J. Welsh directly beneficially owns 859,801 Ordinary
Shares, or approximately 0.4% of the Ordinary Shares outstanding.
(ii) Russell L. Carson directly beneficially owns 601,439 Ordinary
Shares, and indirectly beneficially owns (through trusts for the benefit of his
children) 15,400 Ordinary Shares, or in the aggregate 616,839 Ordinary Shares or
approximately 0.3% of the Ordinary Shares outstanding.
(iii) Bruce K. Anderson directly beneficially owns 1,621,110 Ordinary
Shares, or approximately 0.8% of the Ordinary Shares outstanding.
CUSIP NO. G02602 10 3 Page 10 of 13 Pages
(iv) Thomas E. McInerney directly beneficially owns 639,072 Ordinary
Shares, or approximately 0.3% of the Ordinary Shares outstanding.
(v) Robert A. Minicucci directly beneficially owns 283,469 Ordinary
Shares, or approximately 0.1% of the Ordinary Shares outstanding.
(vi) Anthony J. deNicola directly beneficially owns 68,764 Ordinary
Shares, and indirectly beneficially owns (through a family foundation) 3,000
Ordinary Shares, or in the aggregate 71,764 Ordinary Shares or approximately
0.3% of the Ordinary Shares outstanding or less than 0.1% of the Ordinary Shares
outstanding.
(vii) Paul B. Queally directly beneficially owns 34,638 Ordinary
Shares, or less than 0.1% of the Ordinary Shares outstanding.
(viii) Lawrence B. Sorrel directly beneficially owns 15,527 Ordinary
Shares, or less than 0.1% of the Ordinary Shares outstanding.
(ix) Jonathan M. Rather directly beneficially owns 3,119 Ordinary
Shares, or less than 0.1% of the Ordinary Shares outstanding.
(x) John D. Clark directly beneficially owns 1,037 Ordinary Shares, or
less than 0.1% of the Ordinary Shares outstanding.
(xi) Sanjay Swani directly beneficially owns 1,037 Ordinary Shares, or
less than 0.1% of the Ordinary Shares outstanding.
(xii) D. Scott Mackesy directly beneficially owns 2,592 Ordinary
Shares, or less than 0.1% of the Ordinary Shares outstanding.
(xiii) James R. Matthews directly beneficially owns 1,037 Ordinary
Shares, or less than 0.1% of the Ordinary Shares outstanding.
(b) The managing members of IX Associates and CP III Associates and
general partners of VII Partners and VI Partners may be deemed to share the
power to vote or direct the voting of and to dispose or direct the disposition
of the Ordinary Shares owned by WCAS IX, WCAS CP III, WCAS VII and WCAS VI,
respectively. Each such person has the sole power to vote or direct the voting
of and to dispose or direct the disposition of only the Ordinary Shares that he
directly beneficially owns. Each of the managing members of IX Associates and CP
III Associates and general partners of VII Partners and VI Partners disclaims
beneficial ownership of all Ordinary Shares other than the shares he owns
directly or by virtue of his indirect pro rata interest, as a managing member of
IX Associates and/or CP III Associates and/or general partner of VII Partners
and/or VI Partners, in the shares owned by WCAS IX, WCAS CP III, WCAS VII and/or
WCAS VI.
(c) Except as described in Item 3 above, none of the entities or
individuals identified in Item 2 above has effected any transactions in the
Ordinary Shares in the 60 days prior to the date of this statement.
(d) Except as described in this statement, no person has the power to
direct the receipt of dividends on or the proceeds of sales of, the
CUSIP NO. G02602 10 3 Page 11 of 13 Pages
Ordinary Shares owned by the Reporting Persons.
(e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities
of the Issuer.
------------------------------------------
Not Applicable
Item 7. Material to Be Filed as Exhibits.
--------------------------------
Group Agreement (Appears at Page 13)
CUSIP NO. G02602 10 3 Page 12 of 13 Pages
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.
WELSH, CARSON, ANDERSON & STOWE IX, L.P.
By: WCAS IX Associates, LLC, General Partner
By: /s/ Jonathan M. Rather
---------------------------
Managing Member
WELSH, CARSON, ANDERSON & STOWE VII, L.P.
By: WCAS VII Partners, L.P., General Partner
By: /s/ Jonathan M. Rather
---------------------------
General Partner
WELSH, CARSON, ANDERSON & STOWE VI, L.P.
By: WCAS VI Partners, L.P., General Partner
By: /s/ Jonathan M. Rather
---------------------------
Attorney-in-Fact
WCAS CAPITAL PARTNERS III, L.P.
By: WCAS CP III Associates, LLC, General Partner
By: /s/ Jonathan M. Rather
---------------------------
Managing Member
Dated: July 15, 2002
CUSIP NO. G02602 10 3 Page 13 of 13 Pages
EXHIBIT A
AGREEMENT OF
WELSH, CARSON, ANDERSON & STOWE IX, L.P.,
WELSH, CARSON, ANDERSON & STOWE VII, L.P.,
WELSH, CARSON, ANDERSON & STOWE VI, L.P.,
AND WCAS CAPITAL PARTNERS III, L.P.
PURSUANT TO RULE 13d-1(k)
The undersigned hereby agree that the statement on Schedule 13D to
which this Agreement is annexed as Exhibit A is filed on behalf of each of them
in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange
Act of 1934, as amended.
WELSH, CARSON, ANDERSON & STOWE IX, L.P.
By: WCAS IX Associates, LLC, General Partner
By: /s/ Jonathan M. Rather
---------------------------
Managing Member
WELSH, CARSON, ANDERSON & STOWE VII, L.P.
By: WCAS VII Partners, L.P., General Partner
By: /s/ Jonathan M. Rather
---------------------------
General Partner
WELSH, CARSON, ANDERSON & STOWE VI, L.P.
By: WCAS VI Partners, L.P., General Partner
By: /s/ Jonathan M. Rather
---------------------------
Attorney-in-Fact
WCAS CAPITAL PARTNERS III, L.P.
By: WCAS CP III Associates, LLC, General Partner
By: /s/ Jonathan M. Rather
---------------------------
Managing Member
Dated: July 15, 2002