UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Delta Galil Industries Ltd.
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(Name of Issuer)
Ordinary Shares, par value NIS 1.00
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(Title of Class of Securities)
None
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(CUSIP Number)
Anthony G. Barbuto
345 Park Avenue, 41st Floor
New York, NY 10154-0101
(212) 759-3700
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
copy to:
Peter J. Rooney, Esq.
Shearman & Sterling LLP
599 Lexington Avenue
New York, NY 10022
(212) 848-4000
August 24, 2004
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(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 that is the subject of this Schedule 13D, and is filing this
schedule because ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g) check the
following box [_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7(b) for other
parties to whom copies are to be sent.
* 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 ("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 13D
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CUSIP No. None Page 2 of 12 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WAFRA ACQUISITION FUND 11, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
AF
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5 CHECK BOX 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
NUMBER OF --------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
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14 TYPE OF REPORTING PERSON (See Instructions)
PN
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SCHEDULE 13D
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CUSIP No. None Page 3 of 12 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WAFRA PARTNERS, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
PN
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SCHEDULE 13D
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CUSIP No. None Page 4 of 12 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WAFRA PARTNERS, INC.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
AF
--------------------------------------------------------------------------------
5 CHECK BOX 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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
CO
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SCHEDULE 13D
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CUSIP No. None Page 5 of 12 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MANHATTAN INTERNATIONAL MANAGEMENT & CONSULTING LTD.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
BERMUDA
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7 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
CO
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Item 1. Security and Issuer.
This Statement on Schedule 13D (this "Statement") relates to the
Ordinary Shares, par value NIS 1.00 per share (the "Shares"), of Delta Galil
Industries Ltd., an Israeli corporation (the "Issuer"). The Issuer's principal
executive offices are located at 2 Kaufman Street, Tel Aviv 68012, Israel.
Item 2. Identity and Background.
(a) This Statement is being filed by Wafra Acquisition Fund 11, L.P., a
Delaware limited partnership ("WAF"), Wafra Partners, L.P. (WPLP), Wafra
Partners, Inc. ("WPI"), and Manhattan International Management & Consulting Ltd.
("MIMC", and together with WAF, WPLP and WPI, the "Reporting Persons" and each,
a "Reporting Person").
(b) The address of the principal office of WAF, WPLP and WPI is 345 Park
Avenue, 41st Floor, New York, NY, 10154-0101. The address of the principal
office of MIMC is Canon's Court, 22 Victoria Street, PO Box HM 1179, Hamilton HM
EX, Bermuda.
(c) The principal business of each of the Reporting Persons is making
equity investments in businesses of varying kinds.
(d) During the past five years, none of the Reporting Persons has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, none of the Reporting Persons has 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.
Set forth on Schedule A to this Statement, and incorporated herein by
reference, is the (a) name, (b) residence or business address, (c) present
principal occupation or employment, and (d) citizenship, of each executive
officer and director or manager of each of the Reporting Persons, and (e) the
name of any corporation or other organization in which such occupation or
employment is conducted, together with the principal business and address of any
such corporation or organization other than WAF, WPLP, WPI or MIMC, as the case
may be, for which such information is set forth.
During the last five years, to the best of the Reporting Persons'
knowledge, none of the Reporting Persons' directors or executive officers, (a)
has been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) or (b) has 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.
Page 6 of 12
Item 3. Source and Amount of Funds or Other Considerations.
The Shares were acquired pursuant to an Agreement and Plan of Merger
dated as of June 30, 2000 (the "Merger Agreement"), by and among W.I.I.
Acquisition Corp., Wundies Industries, Inc., Wafra Acquisition Fund 11, L.P.,
Michael Fitzgerald, William Mull, Judith Moore, Steven Lockcuff, and Francis Tam
(collectively, the "Wundies Shareholders"). Pursuant to the Merger Agreement,
the Issuer acquired all of the capital stock of Wundies Industries, Inc. in
exchange for Shares. In connection with this transaction and the Merger
Agreement, Wafra Acquisition Fund 11, L.P. acquired 1,154,525 Shares in exchange
for all of its shares of capital stock in Wundies Industries, Inc. During
December, 2002, the Issuer bought back 31,515 shares from WAF, resulting in
WAF's holding, until August 24, 2004, a total of 1,123,010 Shares.
The foregoing is qualified in its entirety by reference to the full
text of the Merger Agreement, a copy of which is included as Exhibit 2 to this
Statement and is incorporated herein by reference.
Item 4. Purpose of Transaction.
The Shares were acquired by the Reporting Persons as an investment in
the Issuer, and not with the intention of acquiring control of the Issuer's
business on behalf of itself or any other Reporting Person.
Item 5. Interest in Securities of the Issuer.
(a) The responses of the Reporting Persons to Rows (11) through (13) of the
cover pages of this Statement are incorporated herein by reference. The
Reporting Persons were the sole beneficial owners of 1,123,010 Shares
representing 6.1% of the outstanding shares of the Issuer's Shares until its
disposition thereof on August 24, 2004. The calculation of the foregoing
percentage is based on the number of Shares disclosed as outstanding as of June
15, 2004 by the Issuer in its annual report on Form 20-F for the annual period
ended December 31, 2003, and filed with the Securities and Exchange Commission
on June 22, 2004.
As of August 24, 2004, none of the Reporting Persons nor, to the best
of their knowledge, any of the persons listed on Schedule A to this Statement
beneficially owns any Shares or has the right to acquire any Shares.
The filing of this Statement shall not be construed as an admission by
the Reporting Persons that they are, for purposes of Section 13(d) of the
Exchange Act, beneficial owners of Shares owned by other parties.
(b) The responses of the Reporting Persons to (i) Rows (7) through (10) of
the cover pages of this Statement on Schedule 13D and (ii) Item 5(a) hereof are
incorporated herein by reference.
As of August 24, 2004, none of the Reporting Persons nor, to the best
of their knowledge, any of the persons listed on Schedule A to this Statement
presently has the power to vote or to direct the vote or to dispose or direct
the disposition of any of the Shares which they may be deemed to beneficially
own.
Page 7 of 12
(c) On August 24, 2004, the Wafra Acquisition Fund 11, L.P. sold 1,123,010
Shares at a price of $9.15 per share net. The sale of the Shares was effected by
the sale of all such Shares in a single transaction in Israel, the domicile of
the Issuer, through a financial institution located in Israel to investors
identified by such financial institution.
Except as disclosed in this Statement, none of the Reporting Persons
nor, to the best of their knowledge, any of the persons listed on Schedule A to
this Statement has effected any transaction in the Shares during the past 60
days or since the most recent filing on Schedule 13D (ss. 240.13d-191),
whichever is less.
(d) To the best knowledge of the Reporting Persons, no other person has the
right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, the Shares beneficially owned by the Reporting
Persons.
(e) On August 24, 2004, the Reporting Persons ceased to be the beneficial
owner of more than five percent of the total outstanding Shares.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Except as described above or elsewhere in this Statement or
incorporated by reference in this Statement, there are no contracts,
arrangements, understandings or relationships (legal or otherwise) between any
of the Reporting Persons or, to the best of their knowledge, any of the persons
named in Schedule A to this Statement or between any of the Reporting Persons
and any other person or, to the best of their knowledge, any person named in
Schedule A to this Statement and any other person with respect to any securities
of the Issuer, including, but not limited to, transfer or voting of any
securities, finder's fees, joint ventures, loan or option arrangements, puts or
calls, guarantees of profits, division of profits or losses, or the giving or
withholding of proxies.
Item 7. Materials to be Filed as Exhibits.
Exhibit No. Description
1 Joint Filing Agreement dated as of
September 2, 2004, among Wafra
Acquistion Fund 11, L.P., Wafra
Partners, L.P., Wafra Partners, Inc.
and Manhattan International
Management & Consulting Ltd.
2 Agreement and Plan of Merger dated as
of June 30, 2000 (the "Merger
Agreement"), by and among W.I.I.
Acquisition Corp., Wundies
Industries, Inc., Wafra Acquisition
Fund 11, L.P., Michael Fitzgerald,
Page 8 of 12
William Mull, Judith Moore, Steven
Lockcuff, and Francis Tam
(incorporated by reference to the
Exhibits to the Issuers Annual Report
on Form 20-F (File No. 0-30020) filed
with the Securities and Exchange
Commission on June 8, 2001)
Page 9 of 12
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.
Dated: September 3, 2004
WAFRA ACQUISITION FUND 11, L.P.
By: WAFRA PARTNERS, L.P., as General
Partner
By: WAFRA PARTNERS, INC., as General
Partner of WAFRA PARTNERS, L.P.
/s/ Anthony G. Barbuto
------------------------------------
Signature
Anthony G. Barbuto/President
------------------------------------
Name/Title
WAFRA PARTNERS, INC.
/s/ Anthony G. Barbuto
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Signature
Anthony G. Barbuto/President
------------------------------------
Name/Title
MANHATTAN INTERNATIONAL MANAGEMENT
& CONSULTING LTD.
/s/ Anthony G. Barbuto
------------------------------------
Signature
Anthony G. Barbuto/Secretary
------------------------------------
Name/Title
Page 10 of 12
SCHEDULE A
OFFICERS AND DIRECTORS OF THE REPORTING PERSONS
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Name (and Residence/ Business Principal Occupation/ Name/ Principal Business/
Citizenship) Address Employment Address of Principal
Employment
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Anthony G. Barbuto 345 Park Avenue, 41st Chief Financial Officer Wafra Investment Advisory Group,
(U.S.) Floor, New York, NY, Inc.
10154-0101 345 Park Avenue, 41st Floor, New
York, NY, 10154-0101
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Peter Petrillo (U.S.) 345 Park Avenue, 41st Senior Vice President Wafra Investment Advisory Group,
Floor, New York, NY, Inc.
10154-0101 345 Park Avenue, 41st Floor, New
York, NY, 10154-0101
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Mohamad W. Khouja 345 Park Avenue, 41st Chief Executive Officer Wafra Investment Advisory Group,
(U.S.) Floor, New York, NY, Inc.
10154-0101 345 Park Avenue, 41st Floor, New
York, NY, 10154-0101
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Robert W. Toan 345 Park Avenue, 41st Senior Vice President Wafra Investment Advisory Group,
(U.S.) Floor, New York, NY, Inc.
10154-0101 345 Park Avenue, 41st Floor, New
York, NY, 10154-0101
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Marianne Tonesan Canon's Court Corporate Attorney Appleby Spurling Hunter
M. Amissah (British) 22 Victoria Street Canon's Court
PO Box HM 1179 22 Victoria Street
Hamilton HM EX Hamilton HM 12
Bermuda Bermuda
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Judith Collis (British) Canon's Court Corporate Attorney Appleby Spurling Hunter
22 Victoria Street Canon's Court
PO Box HM 1179 22 Victoria Street
Hamilton HM EX Hamilton HM 12
Bermuda Bermuda
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Page 11 of 12
EXHIBIT INDEX
Exhibit No. Description
1 Joint Filing Agreement
2 Merger Agreement*
* Incorporated by reference to the Exhibits to the Issuers Annual Report on Form
20-F (File No. 0-30020) filed with the Securities and Exchange Commission on
June 8, 2001
Page 12 of 12