Class A Common Stock, $0.01 par value per share CUSIP No.896775103
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
SunCom Wireless Holdings, Inc.
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(Name of Issuer)
Class A Common Stock, $0.01 par value per share
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(Title of Class of Securities)
896775103
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(CUSIP Number)
Rohit M. Desai
c/o Desai Capital Management Incorporated
410 Park Avenue, Suite 830
New York, NY 10022
Telephone: (212) 838-9191
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(Name, Address and Telephone Number of Persons Authorized
to Receive Notices and Communications)
October 23, 2006
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(Date of Event which Requires Filing of this Statement)
If the Reporting 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. [ ]
(Continued on following pages)
Class A Common Stock, $0.01 par value per share CUSIP No.896775103
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1. Names of Reporting Persons:
Private Equity Investors III, L.P
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2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
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3. SEC USE Only
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4. Source of Funds:
OO
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5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization:
Delaware
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7. Sole Voting Power:
0 (see Item 5)
Number of -------------------------------------------------------------
Shares 8. Shared Voting Power:
Beneficially
Owned by 0
Each -------------------------------------------------------------
Reporting 9. Sole Dispositive Power:
Person
With 0 (see Item 5)
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10. Shared Dispositive Power:
0
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
0 (see Item 5)
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
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13. Percent of Class Represented by Amount in Row (11)
0%
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14. Type of Reporting Person:
PN
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Class A Common Stock, $0.01 par value per share CUSIP No.896775103
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1. Names of Reporting Persons:
Equity-Linked Investors -- II
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2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
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3. SEC USE Only
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4. Source of Funds:
OO
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5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization:
New York
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7. Sole Voting Power:
0 (see Item 5)
Number of -------------------------------------------------------------
Shares 8. Shared Voting Power:
Beneficially
Owned by 0
Each -------------------------------------------------------------
Reporting 9. Sole Dispositive Power:
Person
With 0 (see Item 5)
-------------------------------------------------------------
10. Shared Dispositive Power:
0
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
0 (see Item 5)
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
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13. Percent of Class Represented by Amount in Row (11)
0%
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14. Type of Reporting Person:
PN
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Class A Common Stock, $0.01 par value per share CUSIP No.896775103
Page 4 of 9
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1. Names of Reporting Persons:
Rohit M. Desai
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2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
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3. SEC USE Only
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4. Source of Funds:
OO
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5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization:
United States
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7. Sole Voting Power:
113,750 (see Item 5)
Number of -------------------------------------------------------------
Shares 8. Shared Voting Power:
Beneficially
Owned by 584,950
Each -------------------------------------------------------------
Reporting 9. Sole Dispositive Power:
Person
With 113,750 (see Item 5)
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10. Shared Dispositive Power:
584,950
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
698,700 shares
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
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13. Percent of Class Represented by Amount in Row (11)
1.1%
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14. Type of Reporting Person:
IN
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Class A Common Stock, $0.01 par value per share CUSIP No.896775103
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1. Names of Reporting Persons:
Rohit M. Desai Associates III, LLC
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2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
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3. SEC USE Only
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4. Source of Funds:
OO
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5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization:
Delaware
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7. Sole Voting Power:
0 (see Item 5)
Number of -------------------------------------------------------------
Shares 8. Shared Voting Power:
Beneficially
Owned by 0
Each -------------------------------------------------------------
Reporting 9. Sole Dispositive Power:
Person
With 0 (see Item 5)
-------------------------------------------------------------
10. Shared Dispositive Power:
0
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
0 (see Item 5)
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
-------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
0%
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14. Type of Reporting Person:
OO
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Class A Common Stock, $0.01 par value per share CUSIP No.896775103
Page 6 of 9
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1. Names of Reporting Persons:
Rohit M. Desai Associates -- II
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2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
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3. SEC USE Only
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4. Source of Funds:
OO
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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
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7. Sole Voting Power:
0 (see Item 5)
Number of -------------------------------------------------------------
Shares 8. Shared Voting Power:
Beneficially
Owned by 0
Each -------------------------------------------------------------
Reporting 9. Sole Dispositive Power:
Person
With 0 (see Item 5)
-------------------------------------------------------------
10. Shared Dispositive Power:
0
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
0 (see Item 5)
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
-------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
0%
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14. Type of Reporting Person:
PN
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Class A Common Stock, $0.01 par value per share CUSIP No.896775103
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1. Names of Reporting Persons:
Desai Capital Management Incorporated
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2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
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3. SEC USE Only
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4. Source of Funds:
OO
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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
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7. Sole Voting Power:
0 (see Item 5)
Number of -------------------------------------------------------------
Shares 8. Shared Voting Power:
Beneficially
Owned by 0
Each -------------------------------------------------------------
Reporting 9. Sole Dispositive Power:
Person
With 0 (see Item 5)
-------------------------------------------------------------
10. Shared Dispositive Power:
0
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
0 (see Item 5)
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
-------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
0%
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14. Type of Reporting Person:
CO
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This Amendment No. 2 to Schedule13D (this "Amendment"), filed by Private
Equity Investors III, L.P. ("PEI III"), Equity Linked Investors-II ("ELI II"),
Rohit M. Desai Associates III, LLC ("RMDA III"), Rohit M. Desai Associates-II
("RMDA II"), Desai Capital Management Incorporated ("DCMI") and Rohit M. Desai
(Mr. Desai, together with PEI III, ELI II, RMDA III, RMDA II and DCMI, the
"Reporting Persons") relates to the Class A common stock, par value $0,01 per
share (the " Stock"), of SunCom Wireless Holdings, Inc. ("SunCom") a Delaware
corporation, formerly known as Triton PCS Holdings, Inc., and amends the
following items of the Reporting Persons' statement on Schedule 13 D filed on
June 6, 2001 and Amendment No. 1 to such Schedule 13D filed on December 12,
2001.
ITEM 4. PURPOSE OF THE TRANSACTION.
On October 23, 2006, PEI III and ELI II made pro rata distributions of all
of the Stock held by them to their respective limited partners and, in the case
of PEI III, to its general partner, in each case for no additional
consideration. In turn, the general partner of PEI III, RMDA III, distributed
the shares of Stock received by it to its respective members. PEI III
distributed 4,936,832 shares of Stock and ELI III distributed 4,240,577 shares
of Stock. The aforementioned distributions are referred to collectively herein
as the "Distributions".
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 is hereby amended and restated in its entirety as follows:
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
Stock is incorporated herein by reference. Prior to the Distributions, Mr. Desai
had reported indirect beneficial ownership of all the shares of Stock held by
each of PEI III (4,936,832 shares immediately prior to the Distributions) and
ELI II (4,240,577 shares immediately prior to the Distributions), based on his
position as the managing member of RMDA III and the managing partner of RMDA II.
After giving effect to the Distributions, as described in Item 4, Mr. Desai is
the direct owner of 113,750 shares of Stock and may be deemed the beneficial
owner of 584,950 shares of Stock held by a family trust for which Mr. Desai's
spouse is the sole trustee. Mr. Desai disclaims beneficial ownership of the
shares of Stock held by this trust. Based on the 63,330,001 shares of Stock
outstanding as of June 30, 2006 (as reported in SunCom's Quarterly Report on
Form 10-Q for the quarter ended June 30, 2006), Mr. Desai is the beneficial
owner or deemed beneficial owner, as the case may be, of approximately 1.1% of
the outstanding shares of Stock.
After giving effect to the Distributions, as described in Item 4, PEI III,
ELI II, RMDA III, and RMDA II, have no beneficial interest in any shares of
Stock. In addition, DCMI may no longer be deemed an indirect beneficial owner of
shares of Stock arising from its relationship as the investment advisor to each
of PEI III and ELI II. Except for the transfer of securities as described in
Item 4, there were no transactions effected in the past sixty days in the Stock
by any of the Reporting Persons.
Accordingly, each of the Reporting Persons ceased to be the holder of more
than 5% of the outstanding shares of Stock on October 23, 2006.
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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.
Dated: October 25, 2006
PRIVATE EQUITY INVESTORS III, L.P.
By: Rohit M. Desai Associates III, LLC
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its general partner
By: /s/ Rohit M. Desai
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Name: Rohit M. Desai
Title: Managing Member
EQUITY-LINKED INVESTORS-II
By: Rohit M. Desai Associates-II
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its general partner
By: /s/ Rohit M. Desai
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Name: Rohit M. Desai
Title: Managing Partner
ROHIT M. DESAI ASSOCIATES III, LLC
By: /s/ Rohit M. Desai
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Name: Rohit M. Desai
Title: Managing Member
ROHIT M. DESAI ASSOCIATES-II
By: /s/ Rohit M. Desai
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Name: Rohit M. Desai
Title: Managing Partner
DESAI CAPITAL MANAGEMENT INCORPORATED
By: /s/ Rohit M. Desai
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Name: Rohit M. Desai
Title: President
ROHIT M. DESAI
By: /s/ Rohit M. Desai
-----------------------------
Name: Rohit M. Desai