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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Willis Group Holdings, Limited
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, Par Value $0.000115 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
G96655 10 8
- --------------------------------------------------------------------------------
(CUSIP Number)
December 31, 2003
- --------------------------------------------------------------------------------
(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)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
- ----------
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in 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).
Persons who are to respond to the collection of information contained in this
form are not required to respond unless the form displays a currently valid
OMB control number.
Page 1 of 9
CUSIP No. G96655 10 8
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
PROFIT SHARING (OVERSEAS), LIMITED PARTNERSHIP
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Alberta, Canada
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 35,543,328
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 35,543,328
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,543,328
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
23.38%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
________________________________________________________________________________
Page 2 of 9
CUSIP No. G96655 10 8
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
KKR ASSOCIATES 1996 FUND (OVERSEAS), LIMITED PARTNERSHIP
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Alberta, Canada
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 35,543,328
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 35,543,328
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,543,328
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
23.38%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
________________________________________________________________________________
Page 3 of 9
CUSIP No. G96655 10 8
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
KKR ASSOCIATES II (1996), LIMITED PARTNERSHIP
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 35,543,328
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 35,543,328
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,543,328
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
23.38%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
________________________________________________________________________________
Page 4 of 9
CUSIP No. G96655 10 8
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
KKR 1996 OVERSEAS, LIMITED
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 35,543,328
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 35,543,328
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,543,328
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
23.38%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
________________________________________________________________________________
Page 5 of 9
Item 1.
(a) NAME OF ISSUER
Willis Group Holdings Limited
(b) ADDRESS of ISSUER'S PRINCIPAL EXECUTIVE OFFICES
Ten Trinity Square, London EC3P 3AX, England
Item 2.
(a) Name of Persons Filing
Profit Sharing (Overseas), Limited Partnership
KKR 1996 Fund (Overseas), Limited Partnership
KKR Associates II (1996), Limited Partnership
KKR 1996 Overseas, Limited
(b) Address of Principal Business Office, or if none, Residence
KKR Overseas, Limited
Ugland House
P.O. Box 309
George Town, Grand Cayman
Cayman Islands
(c) Citizenship
Alberta, Canada: Profit Sharing (Overseas), Limited Partnership
KKR 1996 Fund (Overseas), Limited Partnership
Cayman Islands: KKR Associates II (1996), Limited Partnership
KKR 1996 Overseas, Limited
(d) Title of Class of Securities
Common Stock, par value $0.000115
(e) CUSIP Number
G96655 10 8
Item 3. If this statement is filed pursuant to ss.240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [_] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) [_] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c).
(c) [_] Insurance company as defined in section 3(a)(19) of the
Act (15 U.S.C. 78c).
(d) [_] Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) [_] An investment adviser in accordance with
s.240.13d-1(b)(1)(ii)(G);
(f) [_] An employee benefit plan or endowment fund in accordance with
s.240.13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with
s.240.13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) [_] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [_] Group, in accordance with s.240.13d-1(b)(1)(ii)(J).
Page 6 of 9
Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
Shares shown as beneficially owned by KKR 1996 Overseas, Limited are
owned of record by Profit Sharing (Overseas), Limited Partnership.
KKR 1996 Overseas, Limited is the general partner of KKR Associates
II (1996), Limited Partnership, which is the general partner of KKR
1996 Fund (Overseas), Limited Partnership, which is the general
partner of Profit Sharing (Overseas), Limited Partnership. Messrs.
Henry R. Kravis, George R. Roberts, Robert I. McDonnell, Paul
Raether, Michael W. Michelson, James H. Greene, Jr., Michael T.
Tokarz, Edward Gilhuly, Perry Golkin, Scott M. Stuart, Todd A.
Fisher, Johannes P. Huth, Alex Navab, Jr. and Neil A. Richardson, as
members of KKR 1996 Overseas, Limited, may be deemed to share
beneficial ownership of any shares beneficially owned by KKR 1996
Overseas, Limited but disclaim such beneficial ownership. Scott C.
Nuttall is a director and executive of Kohlberg Kravis Roberts & Co.
L.P. Mr. Nuttall is also a limited partner of KKR Associates II
(1996), Limited Partnership. Mr. Nuttall disclaims beneficial
ownership of any of our shares beneficially owned by Kohlberg Kravis
Roberts & Co., L.P. and KKR Associates II (1996), Limited
Partnership. The amounts owned by Messrs. Golkin, Fisher and Nuttall
include 34,000, 8,000 and 3,000 respectively.
(b) Percent of class:
See Item 11 of each cover page, which is based upon Item 5 of each
cover page. See Item 4(a)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Item 5 of each cover page.
(ii) Shared power to vote or to direct the vote:
See Item 6 of each cover page.
(iii) Sole power to dispose or to direct the disposition of:
See Item 7 of each cover page.
(iv) Shared power to dispose or to direct the disposition of:
See Item 8 of each cover page.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities check the following [ ].
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
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.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Page 7 of 9
Item 10. Certifications
Not applicable.
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.
PROFIT SHARING (OVERSEAS), LIMITED
PARTNERSHIP
By: KKR 1996 (Overseas), Limited
Partnership, its general partner
By: KKR Associates II (1996), Limited
Partnership, its general partner
By: KKR Overseas, Limited, its
general partner
By: /s/ William J. Janetschek
-----------------------------------
Name: William J. Janetschek
Title: Attorney-in-fact for
Perry Golkin
KKR 1996 FUND (OVERSEAS), LIMITED
PARTNERSHIP
By: KKR Associates II (1996), Limited
Partnership, its general partner
By: KKR 1996 Overseas, Limited, its
general partner
By: /s/ William J. Janetschek
-----------------------------------
Name: William J. Janetschek
Title: Attorney-in-fact for
Perry Golkin
KKR ASSOCIATES II (1996), LIMITED
PARTNERSHIP
By: KKR 1996 Overseas, Limited, its
general partner
By: /s/ William J. Janetschek
-----------------------------------
Name: William J. Janetschek
Title: Attorney-in-fact for
Perry Golkin
KKR 1996 OVERSEAS, LIMITED
By: /s/ William J. Janetschek
-----------------------------------
Name: William J. Janetschek
Title: Attorney-in-fact for
Perry Golkin
January 14, 2004
Page 8 of 9
EXHIBITS
Exhibit 1 - Joint Filing Agreement (already on file)
Exhibit 2 - Power of Attorney (already on file)
Page 9 of 9