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CUSIP No.
  
497498105 
  
Schedule 13D
   Page  
1 
   of   
9 
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(a) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(a)
(Amendment No. 1)1
Kirkland’s Inc.
 
(Name of issuer)
Common Stock, par value $0.01
 
(Title of class of securities)
497498105
 
(CUSIP number)
Jarlyth H. Gibson, Assistant Compliance Officer 617-951-9493
C/o Advent International Corporation, 75 State Street, 29th Floor Boston, MA 02109
 
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
June 13, 2008
 
(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 of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box :. o
     Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 9 Pages)
     1The 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.
  
497498105 
  
Schedule 13D
   Page  
2 
   of   
9 

 

           
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)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  7   SOLE VOTING POWER
     
NUMBER OF   3,849,032
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   None
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   3,849,032
       
WITH 10   SHARED DISPOSITIVE POWER
     
    None
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  3,849,032
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  19.62%
     
14   TYPE OF REPORTING PERSON*
   
  CO, IA
SEE INSTRUCTIONS BEFORE FILLING OUT!

 

                         
CUSIP No.
  
497498105 
  
Schedule 13D
   Page  
3 
   of   
9 

 

           
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)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  7   SOLE VOTING POWER
     
NUMBER OF   3,751,959
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   None
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   3,751,959
       
WITH 10   SHARED DISPOSITIVE POWER
     
    None
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  3,751,959
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  19.13%
     
14   TYPE OF REPORTING PERSON*
   
  PN
SEE INSTRUCTIONS BEFORE FILLING OUT!

 

                         
CUSIP No.
  
497498105 
  
Schedule 13D
   Page  
4 
   of   
9 

 

           
1   NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

Global Private Equity II Limited Partnership
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  7   SOLE VOTING POWER
     
NUMBER OF   2,830,601
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   None
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   2,830,601
       
WITH 10   SHARED DISPOSITIVE POWER
     
    None
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,830,601
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  14.43%
     
14   TYPE OF REPORTING PERSON*
   
  PN
SEE INSTRUCTIONS BEFORE FILLING OUT!

 

                         
CUSIP No.
  
497498105 
  
Schedule 13D
   Page  
5 
   of   
9 

 

           
1   NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

Advent Direct Investment Program Limited Partnership
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Bermuda
       
  7   SOLE VOTING POWER
     
NUMBER OF   921,358
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   None
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   921,358
       
WITH 10   SHARED DISPOSITIVE POWER
     
    None
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  921,358
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  4.7%
     
14   TYPE OF REPORTING PERSON*
   
  PN
SEE INSTRUCTIONS BEFORE FILLING OUT!

 

                         
CUSIP No.
  
497498105 
  
Schedule 13D
   Page  
6 
   of   
9 

 

           
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)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  7   SOLE VOTING POWER
     
NUMBER OF   97,073
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   None
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   97,073
       
WITH 10   SHARED DISPOSITIVE POWER
     
    None
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  97,073
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  0.49%
     
14   TYPE OF REPORTING PERSON*
   
  PN
SEE INSTRUCTIONS BEFORE FILLING OUT!

 

 

                         
CUSIP No.
  
497498105 
  
Schedule 13D
   Page  
7 
   of   
9 
Item 1. Security and Issuer
     (a) (b) This statement on Amendment No. 1 to Schedule 13D (“Amendment No. 1”) relates to the Reporting Persons’ beneficial ownership interest in the Common Stock of Kirkland’s Inc. a Tennessee corporation (the “Corporation”). The address of the principal executive office of the Corporation is 431 Smith Lane, Jackson, Tennessee 38301. This Amendment No. 1 amends the initial statement on Schedule 13D filed with the Securities and Exchange Commission (the “Commission”) on July 23, 2002. This Amendment No. 1 is being filed by the Reporting Persons to amend Item 5. Terms defined in the Schedule 13D are used herein as so defined.
Item 5. Interest in Securities of the Issuer.
     (a) Item 5 of the Schedule 13D is hereby amended as set forth in the following table which reports the aggregate number and percentage of the Common Stock beneficially owned by each Reporting Person named in Item 2 of the Schedule 13D (based upon 19,614,657 shares of Common Stock outstanding as of May 24, 2008). The table has been amended to reflect sales made on behalf of each Reporting Person. The aggregate number and percentage of the Common Stock beneficially owned by each Reporting Person is calculated in accordance with Rule 13d-3.
                         
                    Number of
    Number   Percentage   Shares
    of Shares   of Common   Disposed of
    Beneficially   Stock   During Past
Reporting Person   Owned   Outstanding   60 Days
Global Private Equity II Limited Partnership (1)
     2,830,601       14.43 %     1,807,169  
Advent Direct Investment Program Limited Partnership (1)
     921,358       4.70 %     588,231  
Advent International Limited Partnership (1)
     3,751,959       19.13 %     2,395,400  
 
                        
Advent Partners Limited Partnership (2)
     97,073       0.49 %     61,975  
 
                        
Advent International Corporation (1), (2)
     3,849,032       19.62 %     2,457,375  
 
                        
 
Total Group
     3,849,032       19.62 %     2,457,375  
 
                        
 
     (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) AIC is the General Partner of the indicated Reporting Person. As such, AIC has the sole power to vote and dispose of the securities of APLP. The beneficial ownership of AIC derives from such power.
     (b) Each of the Reporting Persons listed in the table set forth above has sole voting and dispositive power over the Common Stock beneficially owned by it as indicated above.

 

 

                         
CUSIP No.
  
497498105 
  
Schedule 13D
   Page  
8 
   of   
9 
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.
June 18, 2008
         
Global Private Equity II Limited Partnership    
Advent Direct Investment Program Limited Partnership    
 
By:
  Advent International Limited Partnership,
General Partner		    
 
        
By:
  Advent International Corporation,
General Partner		    
 
        
By:
  Jarlyth H. Gibson, Assistant Compliance Officer*    
 
Advent International Limited Partnership    
Advent Partners Limited Partnership    
 
        
By:
  Advent International Corporation,
General Partner		    
 
        
By:
  Jarlyth H. Gibson, Assistant Compliance Officer*    
 
ADVENT INTERNATIONAL CORPORATION    
 
        
By:
  Jarlyth H. Gibson, Assistant Compliance Officer*    
 
        
 
    
 
*For all of the above:    
 
        
/s/ Jarlyth H. Gibson    
     
Jarlyth H. Gibson, Assistant Compliance Officer    

 

 

                         
CUSIP No.
  
497498105 
  
Schedule 13D
   Page  
9 
   of   
9 
SCHEDULE A
          The name and present principal occupation of each executive officer and director of Advent International Corporation is set forth below. The business address of each executive officer and director of Advent International Corporation is c/o Advent International Corporation, 75 State Street, Boston, Massachusetts 02109. All of the persons listed below are United States citizens.
I. Advent International Corporation
         
    Position with   Principal
    Advent International   Occupation
Name   Corporation   (if different)
Peter A. Brooke
  Chairman    
 
        
Thomas H. Lauer
  Senior Vice President    
 
  Managing Director    
 
  Chief Operating Officer    
 
  Assistant Secretary    
 
  Executive Officers’    
 
  Committee Member    
 
        
Ernest G. Bachrach
  Executive Officers’    
 
  Committee Member    
 
        
Humphrey W. Battcock
  Executive Officers’    
 
  Committee Member    
 
        
Ralf Huep
  Executive Officers’    
 
  Committee Member    
 
        
David M. Mussafer
  Director    
 
  Executive Officers’    
 
  Committee Member    
 
        
William C. Schmidt
  Executive Officers’    
 
  Committee Member    
 
        
Steven M. Tadler
  Director    
 
  Executive Officers’    
 
  Committee Member    
 
        
Janet L. Hennessy
  Senior Vice President    
 
  Partner    
 
  Chief Financial Officer    
 
  Chief Compliance Officer    
 
  Assistant Secretary    
 
        
John F. Brooke
  Director   General Partner of
 
      Brooke
 
      Private Equity
 
        
Mark Hoffman
  Director   Chairman of
 
      Cambridge
 
      Research Group
 
        
David W. Watson
  Secretary   Attorney