Bristol West Holdings, Inc. SC 13G Dated 12/31/2004
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No.    )*


Bristol West Holdings, Inc.
(Name of Issuer)


Common Stock, $0.01 par value
(Title of Class of Securities)


11037M105
(CUSIP Number)


December 31, 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)
[ ]  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 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 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 




SCHEDULE 13G
CUSIP No. 11037M105

  1. Names of Reporting Persons.
Bristol West Associates LLC
I.R.S. Identification Nos. of above persons (entities only).
13-3994446

  2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)  [    ]       (b)  [    ]

  3. SEC USE ONLY

  4. Citizenship or Place of Organization
New York

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With:
5. Sole Voting Power
12,257,368

6. Shared Voting Power
0

7. Sole Dispositive Power
12,257,368

8. Shared Dispositive Power
0

  9. Aggregate Amount Beneficially Owned by Each Reporting Person
12,257,368

  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  [    ]

  11. Percent of Class Represented by Amount in Row (9)
38.5%

  12. Type of Reporting Person
OO


         


2




SCHEDULE 13G
CUSIP No. 11037M105

  1. Names of Reporting Persons.
KKR 1996 Fund L.P.
I.R.S. Identification Nos. of above persons (entities only).
13-3900817

  2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)  [    ]       (b)  [    ]

  3. SEC USE ONLY

  4. Citizenship or Place of Organization
Delaware

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With:
5. Sole Voting Power
12,257,368

6. Shared Voting Power
0

7. Sole Dispositive Power
12,257,368

8. Shared Dispositive Power
0

  9. Aggregate Amount Beneficially Owned by Each Reporting Person
12,257,368

  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  [    ]

  11. Percent of Class Represented by Amount in Row (9)
38.5

  12. Type of Reporting Person
PN


         


3




SCHEDULE 13G
CUSIP No. 11037M105

  1. Names of Reporting Persons.
KKR Associates 1996 L.P.
I.R.S. Identification Nos. of above persons (entities only).
13-3977533

  2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)  [    ]       (b)  [    ]

  3. SEC USE ONLY

  4. Citizenship or Place of Organization
Delaware

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With:
5. Sole Voting Power
12,257,368

6. Shared Voting Power
0

7. Sole Dispositive Power
12,257,368

8. Shared Dispositive Power
0

  9. Aggregate Amount Beneficially Owned by Each Reporting Person
12,257,368

  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  [    ]

  11. Percent of Class Represented by Amount in Row (9)
38.5

  12. Type of Reporting Person
PN


         


4




SCHEDULE 13G
CUSIP No. 11037M105

  1. Names of Reporting Persons.
KKR 1996 GP LLC
I.R.S. Identification Nos. of above persons (entities only).
13-3900820

  2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)  [    ]       (b)  [    ]

  3. SEC USE ONLY

  4. Citizenship or Place of Organization
Delaware

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With:
5. Sole Voting Power
12,257,368

6. Shared Voting Power
0

7. Sole Dispositive Power
12,257,368

8. Shared Dispositive Power
0

  9. Aggregate Amount Beneficially Owned by Each Reporting Person
12,257,368

  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  [    ]

  11. Percent of Class Represented by Amount in Row (9)
38.5

  12. Type of Reporting Person
PN


         


5




Item 1.

 

(a)

Name of Issuer

         Bristol West Holdings, Inc.

 

(b)

Address of Issuer's Principal Executive Offices

5701 Stirling Road
David Florida, 33314


Item 2.

 

(a)

Name of Person Filing

Bristol West Associates LLC
KKR 1996 Fund L.P.
KKR Associates 1996 L.P.
KKR 1996 GP LLC

 

(b)

Address of Principal Business Office or, if none, Residence

C/O KOHLBERG KRAVIS ROBERTS & CO
9 WEST 57TH ST
NEW YORK, NY 10019

 

(c)

Citizenship

New York

 

(d)

Title of Class of Securities

Common Stock, $0.01 par value

 

(e)

CUSIP Number

11037M105


Item 3.

If this statement is filed pursuant to §§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 §240.13d-1(b)(1)(ii)(E);

 

(f)

[    ]

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

(g)

[    ]

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

 

(h)

[    ]

A savings associations 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 §240.13d-1(b)(1)(ii)(J).


Item 4.

Ownership.

 

(a)

Amount beneficially owned:

         Shares shown as beneficially owned by KKR 1996 GP LLC are owned of record by Bristol West Associates LLC. KKR 1996 GP LLC is the general partner of KKR Associates 1996 L.P., which is the general partner of KKR 1996 Fund, L.P., which is the managing member of Bristol West Associates LLC, which owns 12,257,368 shares of common stock of Bristol West Holdings, Inc.
 
         Messrs. Henry R. Kravis, George R. Roberts, Paul E. Raether, Michael W. Michelson, James H. Greene, Jr., Perry Golkin, Scott M. Stuart, Edward A. Gilhuly, Johannes Huth, Todd A. Fisher and Alexander Navab, as members of KKR 1996 GP LLC, may be deemed to share beneficial ownership of any shares beneficially owned by KKR 1996 GP LLC but disclaim such beneficial ownership.

 

(b)

Percent of class:

         See Item 11 of each cover page

 

(c)

Number of shares as to which the 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 [    ].


Instruction: Dissolution of a group requires a response to this item.

         


Item 6.

Ownership of More than Five Percent on Behalf of Another Person

                  


Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

                  


Item 8.

Identification and Classification of Members of the Group

                  


Item 9.

Notice of Dissolution of Group

         


Item 10.

Certification

                  


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.

 
Date:   February 14, 2005
  Bristol West Associates LLC By: KKR 1996 Fund L.P., its managing member By: KKR Associates 1996 L.P., its general partner By: KKR 1996 GP LLC, its general partner

  By: /s/ William Janetschek
      William Janetschek
  Title:    Attorney-in-fact for Perry Golkin 
 
  KKR 1996 Fund L.P. By: KKR Associates 1996, L.P., its general partner By: KKR 1996 GP LLC, its general partner

  By: /s/ William Janetschek
      William Janetschek
  Title:    Attorney-in-fact for Perry Golkin 
 
  KKR Associates 1996 L.P. By: KKR 1996 GP LLC, its general partner

  By: /s/ William Janetschek
      William Janetschek
  Title:    Attorney-in-fact for Perry Golkin 
 
  KKR 1996 GP LLC

  By: /s/ William Janetschek
      William Janetschek
  Title:    Attorney-in-fact for Perry Golkin 
 
 


8

 

 
JOINT FILING AGREEMENT

We, the signatories of the statement on Schedule 13G to which this Agreement is attached, hereby agree that such statement is, and any amendments thereto filed by any of us will be, filed on behalf of each of us.

Bristol West Associates LLC
 
 
By:
KKR 1996 Fund L.P., its managing member
 
 
By:
KKR Associates 1996 L.P., its general partner
 
 
By:
KKR 1996 GP LLC, its general partner
 
 
By:
/s/ William Janetschek
 
 
Name:
William Janetschek
 
 
Title:
Attorney-in-fact for Perry Golkin
 
 
KKR 1996 Fund L.P.

 
By:
KKR Associates 1996 L.P., its general partner
 
 
By:
KKR 1996 GP LLC, its general partner
 
 
By:
/s/ William Janetschek
 
 
Name:
William Janetschek
 
 
Title:
Attorney-in-fact for Perry Golkin
 
 
KKR Associates 1996 L.P.

 
By:
KKR 1996 GP LLC, its general partner
 
 
By:
/s/ William Janetschek
 
 
Name:
William Janetschek
 
 
Title:
Attorney-in-fact for Perry Golkin
 


KKR 1996 GP LLC

 
By:
/s/ William Janetschek
 
 
Name:
William Janetschek
 
 
Title:
Attorney-in-fact for Perry Golkin

Dated: February 14, 2005