CUSIP NO.30049R100 Schedule 13G Page 1 of 22
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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)
Evolving Systems, Inc.
--------------------------------------------------------------------------------
(Name of issuer)
Common Stock, par value $0.001
--------------------------------------------------------------------------------
(Title of class of securities)
30049R100
--------------------------------------------------------------------------------
(CUSIP number)
November 2, 2004
--------------------------------------------------------------------------------
(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)
[X] Rule 13d-1(c)
|_| Rule 13d-1(d)
(Continued on the following pages)
(Page 1 of 22 Pages)
--------------------------------
(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 (however, see
the Notes).
CUSIP NO.30049R100 Schedule 13G Page 2 of 22
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Advent International Corporation
-----------------------------------------------------------------------------------------
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
-----------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
-----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
2,899,998
-----------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING PERSON 0
-----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
2,899,998
-----------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,899,998
-----------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
-----------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.37%
-----------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO, IA
-----------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO.30049R100 Schedule 13G Page 3 of 22
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Advent International Limited Partnership
------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
2,899,998
------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING PERSON 0
------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
2,899,998
------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,899,998
------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.37%
------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO.30049R100 Schedule 13G Page 3 of 22
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Advent Global Management Limited Partnership
------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
2,899,998
------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING PERSON 0
------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
2,899,998
------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,899,998
------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.37%
------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO.30049R100 Schedule 13G Page 4 of 22
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Advent European Co-Investment Fund Limited Partnership
------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
2,899,998
------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING PERSON 0
------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
2,899,998
------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,899,998
------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.37%
------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO.30049R100 Schedule 13G Page 5 of 22
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Advent Euro-Italian Direct Investment Program Limited Partnership
------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
2,899,998
------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING PERSON 0
------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
2,899,998
------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,899,998
------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.37%
------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO.30049R100 Schedule 13G Page 6 of 22
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Advent Crown Fund II C.V.
------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) [ ]
------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands
------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
2,899,998
------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING PERSON 0
------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
2,899,998
------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,899,998
------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.37%
------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO.30049R100 Schedule 13G Page 7 of 22
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Digital Media & Communications II Limited Partnership
------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
2,899,998
------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING PERSON 0
------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
2,899,998
------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,899,998
------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.37%
------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO.30049R100 Schedule 13G Page 8 of 22
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Advent Global GECC III Limited Partnership
------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
2,899,998
------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING PERSON 0
------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
2,899,998
------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,899,998
------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.37%
------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO.30049R100 Schedule 13G Page 9 of 22
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Global Private Equity III Limited Partnership
------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
2,899,998
------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING PERSON 0
------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
2,899,998
------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,899,998
------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.37%
------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO.30049R100 Schedule 13G Page 10 of 22
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Global Private Equity III-A Limited Partnership
------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
2,899,998
------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING PERSON 0
------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
2,899,998
------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,899,998
------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.37%
------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO.30049R100 Schedule 13G Page 11 of 22
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Global Private Equity III-B Limited Partnership
------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
2,899,998
------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING PERSON 0
------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
2,899,998
------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,899,998
------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.37%
------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO.30049R100 Schedule 13G Page 12 of 22
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Global Private Equity III-C Limited Partnership
------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
2,899,998
------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING PERSON 0
------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
2,899,998
------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,899,998
------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.37%
------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO.30049R100 Schedule 13G Page 13 of 22
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Advent PGGM Global Limited Partnership
------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
2,899,998
------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING PERSON 0
------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
2,899,998
------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,899,998
------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.37%
------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO.30049R100 Schedule 13G Page 14 of 22
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Advent Partners GPE III Limited Partnership
-----------------------------------------------------------------------------------------
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
-----------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
-----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
2,899,998
-----------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING PERSON 0
-----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
2,899,998
-----------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,899,998
-----------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
-----------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.37%
-----------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
-----------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO.30049R100 Schedule 13G Page 15 of 22
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Advent Partners Limited Partnership
------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
2,899,998
------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING PERSON 0
------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
2,899,998
------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,899,998
------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.37%
------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO.30049R100 Schedule 13G Page 16 of 22
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Advent Partners (NA) GPE III Limited Partnership
------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
0
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
2,899,998
------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING PERSON 0
------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
2,899,998
------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,899,998
------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
15.37%
------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO.30049R100 Schedule 13G Page 17 of 22
Item 1.
------
(a) (b) This statement on Schedule 13G relates to the Reporting
Persons' (as defined in Item 2 below) beneficial ownership interest in Evolving
Systems, Inc. a Delaware corporation (the "Corporation"). The address of the
principal executive office of the Corporation is 9777 Mount Pyramid Court, Suite
100, Englewood, Colorado 80112.
Item 2.
------
(a) (b) (c) This statement is being filed by the following entities:
(1) Advent International Corporation, a Delaware corporation;
(2) Advent International Limited Partnership, a Delaware
limited partnership;
(3) Advent Global Management Limited Partnership, a Delaware
limited partnership;
(4) Advent European Co-Investment Fund Limited Partnership, a
Delaware limited partnership;
(5) Advent Euro-Italian Direct Investment Program Limited
Partnership, a Delaware limited partnership;
(6) Advent Crown Fund II C.V., a Netherlands limited
partnership;
(7) Digital Media & Communications II Limited Partnership, a
Delaware limited partnership;
(8) Advent Global GECC III Limited Partnership, a Delaware
limited partnership;
(9) Global Private Equity III Limited Partnership, a Delaware
limited partnership;
(10) Global Private Equity III-A Limited Partnership, a
Delaware limited partnership;
(11) Global Private Equity III-B Limited Partnership, a
Delaware limited partnership;
(12) Global Private Equity III-C Limited Partnership, a
Delaware limited partnership;
(13) Advent PGGM Global Limited Partnership, a Delaware limited
partnership;
(14) Advent Partners GPE III Limited Partnership, a Delaware
limited partnership;
(15) Advent Partners Limited Partnership, a Delaware limited
partnership;
(16) Advent Partners (NA) GPE III Limited Partnership, a
Delaware limited partnership;
CUSIP NO.30049R100 Schedule 13G Page 18 of 22
The entities listed in subparagraph (1) through (16) above are herein
collectively referred to as the "Reporting Persons" and individually as a
"Reporting Person." The principal business address of all of the Reporting
Persons is c/o Advent International Corporation, 75 State Street, Boston, MA
02109.
(d) (e) This statement relates to the Common Stock, par value $0.001
per share, (the "Common Stock") of the Corporation named in Item 1 of this
statement. The CUSIP number associated with such Common Stock is 30049R100.
CUSIP NO.30049R100 Schedule 13G Page 19 of 22
Item 3. Filing pursuant to Rule 13d-1(b), or 13d-2(b) or (c).
This statement is not being filed pursuant to Rule 13d-1(b), or
13d-2(b) or (c). This statement is being filed pursuant to rule 13d-1(c).
Item 4. Ownership.
(a) (b) The following table sets forth the aggregate number and percentage
(based upon the number of shares of Common Stock outstanding as of October 29,
2004) of the Common Stock beneficially owned by each Reporting Person named in
Item 2 of this statement. The aggregate number and percentage of the Common
Stock beneficially owned by each Reporting Person is calculated in accordance
with Rule 13d-3(d)(1).
Number of Shares
-------------------------------- Percentage
Under of Shares
Reporting Person Common Warrants Total Outstanding
------------------------------------------------------------------- -------------------------------------------------
Advent International Corporation (1)(2)(3) 2,899,998 0 2,899,998 15.37
Advent International Limited Partnership (1)(2) 2,899,998 0 2,899,998 15.37
Advent Global Management Limited Partnership(2) 2,899,998 0 2,899,998 15.37
Advent European Co-Investment Program Limited Partnership (1) 2,899,998 0 2,899,998 15.37
Advent Euro-Italian Direct Investment Program Limited Partnership (1) 2,899,998 0 2,899,998 15.37
Advent Crown Fund II Limited Partnership (1) 2,899,998 0 2,899,998 15.37
Digital Media & Communications II Limited Partnership (1) 2,899,998 0 2,899,998 15.37
Advent Global GECC II Limited Partnership (2) 2,899,998 0 2,899,998 15.37
Global Private Equity III Limited Partnership (1) 2,899,998 0 2,899,998 15.37
Global Private Equity III-A Limited Partnership (1) 2,899,998 0 2,899,998 15.37
Global Private Equity III-B Limited Partnership (1) 2,899,998 0 2,899,998 15.37
Global Private Equity III-C Limited Partnership (1) 2,899,998 0 2,899,998 15.37
Advent PGGM Global Limited Partnership (1) 2,899,998 0 2,899,998 15.37
Advent Partners GPE III Limited Partnership (3) 2,899,998 0 2,899,998 15.37
Advent Partners Limited Partnership (3) 2,899,998 0 2,899,998 15.37
Advent Partners (NA) GPE III Limited Partnership (3) 2,899,998 0 2,899,998 15.37
(1) Advent International Corporation ("AIC") is the General Partner
of Advent International Limited Partnership ("AILP") which in turn is the
General Partner of the indicated Reporting Persons. As such, AIC has the sole
power to vote and dispose of the securities owned by the indicated Reporting
Persons. The beneficial ownership of AIC and AILP derive from such power.
(2) Advent International Corporation ("AIC") is the General Partner
of Advent International Limited Partnership ("AILP") which in turn is the
General Partner of the Advent Global Management Limited Partnership ("AGMLP"),
the General Partner of Advent Global
CUSIP NO.30049R100 Schedule 13G Page 20 of 22
GECC III Limited Partnership. As such, AIC has the sole power to vote and
dispose of the securities owned by the indicated Reporting Persons. The
beneficial ownership of AIC and AILP derive from such power.
(3) AIC is the General Partner of the indicated Reporting Person. As
such, AIC has the power to vote and dispose of the securities of Advent Partners
GPE III Limited Partnership, Advent Partners Limited Partnership and Advent
Partners (NA) GPE III Limited Partnership. The beneficial ownership of AIC
derives from such power.
The Reporting Persons are members of a Section 13(d) group that
beneficially owns the 2,899,998 shares of the Common Stock of the Corporation
referred to in this report. In addition to the Reporting Persons, the members of
the Section 13(d) group consist of Tertio Telecoms Group Ltd., an entity formed
and registered in England and Wales, Apax Europe IV GP Co. Limited, a Guernsey
corporation, Apax Europe IV, GP L.P., Apax Europe IV - A, L.P., a Delaware
limited partnership, Apax Europe IV - B, L.P., an English limited partnership,
Apax Europe IV - C GmbH & Co.KG, a German limited partnership, Apax Europe IV -
D, L.P., an English limited partnership, Apax Europe IV - E, L.P., an English
limited partnership, Apax Europe IV - F, C.V., a Netherlands limited
partnership, and Apax Europe IV - G, C.V., a Netherlands limited partnership.
Each of the Reporting Persons has sole power to vote or direct
the vote and to dispose or direct the disposition over none (0) of the shares of
Common Stock. Each of the Reporting Persons has shared power to vote or direct
the vote and to dispose or direct the disposition over 2,899,998 of the shares
of Common Stock.
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 Persons have ceased to be the beneficial owners 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.
Not applicable.
Item 7. Identification and Classification of the 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.
CUSIP NO.30049R100 Schedule 13G Page 21 of 22
The information for this item is contained in Item 2(a) and Item
4 of this filing, and is incorporated by reference into this Item 8.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
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.
CUSIP NO.30049R100 Schedule 13G Page 22 of 22
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.
November 12, 2004
Advent European Co-Investment Fund Limited Partnership Advent Euro-Italian
Direct Investment Program Limited Partnership Advent Crown Fund II C.V.
Digital Media & Communications II Limited Partnership
Global Private Equity III Limited Partnership
Global Private Equity III-A Limited Partnership
Global Private Equity III-B Limited Partnership
Global Private Equity III-C Limited Partnership
Advent PGGM Global Limited Partnership
By: Advent International Limited Partnership,
General Partner
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy, Vice President*
Advent Global GECC III Limited Partnership
By: Advent Global Management Limited Partnership, General Partnership
By: Advent International Limited Partnership,
General Partner
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy, Vice President*
Advent International Limited Partnership
Advent Partners GPE III Limited Partnership
Advent Partners Limited Partnership
Advent Partners (NA) GPE III Limited Partnership
By: Advent International Corporation,
General Partner
By: Janet L. Hennessy, Vice President*
ADVENT INTERNATIONAL CORPORATION
By: Janet L. Hennessy, Vice President*
*For all of the above:
/s/ Janet L. Hennessy
------------------------------------
Janet L. Hennessy, Vice President