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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ___)*
American Axle & Manufacturing Holdings, Inc.
--------------------------------------------------------------------------------
(NAME OF ISSUER)
Common Stock
--------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
024061 10 3
-----------------------------------------------------------------------
(CUSIP NUMBER)
December 31, 2002
-----------------------------------------------------------------------
(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).
Page 1 of 15
---------------------------- --------------------------
CUSIP NO. 024061 10 3 13G PAGE 2 OF 15 PAGES
---------------------------- --------------------------
--------- ----------------------------------------------------------------------
1. Name of Reporting Person: Blackstone Capital Partners II Merchant
Banking Fund L.P.
I.R.S. Identification Nos. of above persons (entities only):
--------- ----------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [X]
--------- ----------------------------------------------------------------------
3. SEC Use Only
--------- ----------------------------------------------------------------------
4. Citizenship or Place of Organization: Delaware
--------------------------- ------ ---------------------------------------------
5. Sole Voting Power: 10,034,190
NUMBER OF ------ ---------------------------------------------
SHARES 6. Shared Voting Power: 0
BENEFICIALLY
OWNED BY
EACH ------ ---------------------------------------------
REPORTING 7. Sole Dispositive Power: 10,034,190
PERSON WITH
------ ---------------------------------------------
8. Shared Dispositive Power: 0
--------------------------- ------ ---------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
10,034,190
--------- ----------------------------------------------------------------------
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): 18.7%
--------- ----------------------------------------------------------------------
12. Type of Reporting Person (See Instructions): PN
--------- ----------------------------------------------------------------------
Page 2 of 15
---------------------------- --------------------------
CUSIP NO. 024061 10 3 13G PAGE 3 OF 15 PAGES
---------------------------- --------------------------
--------- ----------------------------------------------------------------------
1. Name of Reporting Person: Blackstone Offshore Capital Partners II L.P.
I.R.S. Identification Nos. of above persons (entities only):
--------- ----------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [X]
--------- ----------------------------------------------------------------------
3. SEC Use Only
--------- ----------------------------------------------------------------------
4. Citizenship or Place of Organization: Cayman Islands
--------------------------- ------ ---------------------------------------------
5. Sole Voting Power: 2,978,265
NUMBER OF ------ ---------------------------------------------
SHARES 6. Shared Voting Power: 0
BENEFICIALLY
OWNED BY
EACH ------ ---------------------------------------------
REPORTING 7. Sole Dispositive Power: 2,978,265
PERSON WITH
------ ---------------------------------------------
8. Shared Dispositive Power: 0
--------- ----------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
2,978,265
--------- ----------------------------------------------------------------------
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): 5.5%
--------- ----------------------------------------------------------------------
12. Type of Reporting Person (See Instructions): PN
--------- ----------------------------------------------------------------------
Page 3 of 15
---------------------------- --------------------------
CUSIP NO. 024061 10 3 13G PAGE 4 OF 15 PAGES
---------------------------- --------------------------
--------- ----------------------------------------------------------------------
1. Name of Reporting Person: Blackstone Management Associates II L.L.C.
I.R.S. Identification Nos. of above persons (entities only):
--------- ----------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [X]
--------- ----------------------------------------------------------------------
3. SEC Use Only
--------- ----------------------------------------------------------------------
4. Citizenship or Place of Organization: Delaware
--------------------------- ------ ---------------------------------------------
5. Sole Voting Power: 14,010,192
NUMBER OF ------ ---------------------------------------------
SHARES 6. Shared Voting Power: 0
BENEFICIALLY
OWNED BY
EACH ------ ---------------------------------------------
REPORTING 7. Sole Dispositive Power: 14,010,192
PERSON WITH
------ ---------------------------------------------
8. Shared Dispositive Power: 0
--------- ----------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
14,010,192
--------- ----------------------------------------------------------------------
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): 26.1%
--------- ----------------------------------------------------------------------
12. Type of Reporting Person (See Instructions): OO
--------- ----------------------------------------------------------------------
Page 4 of 15
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CUSIP NO. 704549 10 4 13G PAGE 5 OF 15 PAGES
---------------------------- --------------------------
--------- ----------------------------------------------------------------------
1. Name of Reporting Person: Peter G. Peterson
I.R.S. Identification Nos. of above persons (entities only):
--------- ----------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [X]
--------- ----------------------------------------------------------------------
3. SEC Use Only
--------- ----------------------------------------------------------------------
4. Citizenship or Place of Organization: United States
--------------------------- ------ ---------------------------------------------
5. Sole Voting Power: 14,010,992
NUMBER OF ------ ---------------------------------------------
SHARES 6. Shared Voting Power: 0
BENEFICIALLY
OWNED BY
EACH ------ ---------------------------------------------
REPORTING 7. Sole Dispositive Power: 14,010,992
PERSON WITH
------ ---------------------------------------------
8. Shared Dispositive Power:
--------- ----------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
14,010,992
--------- ----------------------------------------------------------------------
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): 26.1%
--------- ----------------------------------------------------------------------
12. Type of Reporting Person (See Instructions): IN
--------- ----------------------------------------------------------------------
Page 5 of 15
---------------------------- --------------------------
CUSIP NO. 704549 10 4 13G PAGE 6 OF 15 PAGES
---------------------------- --------------------------
--------- ----------------------------------------------------------------------
1. Name of Reporting Person: Stephen A. Schwarzman
I.R.S. Identification Nos. of above persons (entities only):
--------- ----------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [X]
--------- ----------------------------------------------------------------------
3. SEC Use Only
--------- ----------------------------------------------------------------------
4. Citizenship or Place of Organization: United States
--------------------------- ------ ---------------------------------------------
5. Sole Voting Power: 14,010,992
NUMBER OF ------ ---------------------------------------------
SHARES 6. Shared Voting Power: 0
BENEFICIALLY
OWNED BY
EACH ------ ---------------------------------------------
REPORTING 7. Sole Dispositive Power: 14,010,992
PERSON WITH
------ ---------------------------------------------
8. Shared Dispositive Power: 0
--------- ----------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
14,010,992
--------- ----------------------------------------------------------------------
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): 26.1%
--------- ----------------------------------------------------------------------
12. Type of Reporting Person (See Instructions): IN
--------- ----------------------------------------------------------------------
Page 6 of 15
ITEM 1(a). NAME OF ISSUER:
American Axle & Manufacturing Holdings, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1840 Holbrook Avenue, Detroit, Michigan 48212
ITEM 2(a). NAME OF PERSON FILING:
Blackstone Capital Partners II Merchant Banking Fund L.P.
Blackstone Offshore Capital Partners II L.P.
Blackstone Management Associates II L.L.C.
Peter G. Peterson
Stephen A. Schwarzman
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
c/o Blackstone Management Associates II L.L.C.
345 Park Avenue, New York, New York 10154
ITEM 2(c). CITIZENSHIP:
Blackstone Capital Partners II Merchant Banking Fund L.P. -
Delaware
Blackstone Offshore Capital Partners II L.P. - Cayman Islands
Blackstone Management Associates II L.L.C. - Delaware
Peter G. Peterson - United States
Stephen A. Schwarzman - United States
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.01 per share
ITEM 2(e). CUSIP NUMBER:
024061 10 3
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR
13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the
Exchange Act.
(b) [ ] Bank as defined in section 3(a)(6) of the Exchange
Act.
(c) [ ] Insurance company as defined in Section 3(a)(19) of
the Exchange Act.
Page 7 of 15
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act.
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of
an investment company under Section 3(c)(14) of the
Investment Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J);
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned:
Blackstone Capital Partners II Merchant Banking Fund L.P., a Delaware
limited partnership ("BCP II") is the record holder of 10,034,190
shares of the identified class of securities and Blackstone Offshore
Capital Partners II L.P., a Cayman Islands exempted limited partnership
("BOCP II") is the record holder of 2,978,265 shares of the identified
class of securities.
Blackstone Family Investment Partnership II L.P., a Delaware limited
partnership ("BFIP II") is the record holder of 998,537 shares of the
identified class of securities.
As the sole general partner of each of BCP II and BFIP II and the sole
investment general partner of BOCP II, Blackstone Management Associates
II L.L.C., a Delaware limited liability company ("BMA II") may be
deemed to be the beneficial owner of 14,010,992 shares of the
identified securities.
Messrs. Peter G. Peterson and Stephen A. Schwarzman are the founding
members of BMA II (the "Founding Members") and have the shared power to
vote or to direct the vote of, and to dispose or to direct the
disposition of, the shares of the identified class of securities that
may be deemed to be beneficially owned by BMA II. As a result, the
Founding Members may be deemed to beneficially own the shares of the
identified class of securities that BMA II may be deemed to
beneficially own, but they disclaim any such beneficial ownership
except to the extent of their individual pecuniary interest in such
securities.
Page 8 of 15
(b) Percent of class:
See Item 11 of each cover page, which is based on Item 5 of each cover
page. See Item 4(a).
(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
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
See Item 4(a) above.
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.
BMA II is the sole general partner of BCP II and BFIP II and the sole
investment general partner of BOCP II and therefore may be deemed to be
the beneficial owner of the securities held by such limited
partnerships. However, BMA II disclaims that it is a beneficial owner
of such securities, except to the extent of its pecuniary interest in
such securities. BCP II, BFIP II and BOCP II may be deemed to be a
group in relation to their respective investments in American Axle &
Manufacturing Holdings, Inc.
The Founding Members may be deemed to be a group in relation to their
shared power to vote or to direct the vote of, and to dispose or to
direct the disposition of, the securities held, through BMA II, by BCP
II, BFIP II and BOCP II.
Page 9 of 15
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATIONS.
Not applicable.
Page 10 of 15
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.
BLACKSTONE CAPITAL PARTNERS II
MERCHANT BANKING FUND L.P.
By: Blackstone Management Associates II
L.L.C., general partner
By: /s/ Robert L. Friedman
-------------------------------
Name: Robert L. Friedman
Title: Member
Dated: February 14, 2003
Page 11 of 15
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.
BLACKSTONE OFFSHORE CAPITAL
PARTNERS II L.P.
By: Blackstone Management Associates II
L.L.C., investment general partner
By: /s/ Robert L. Friedman
--------------------------------
Name: Robert L. Friedman
Title: Member
Dated: February 14, 2003
Page 12 of 15
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.
BLACKSTONE MANAGEMENT ASSOCIATES II
L.L.C.
By: /s/ Robert L. Friedman
-------------------------------
Name: Robert L. Friedman
Title: Member
Dated: February 14, 2003
Page 13 of 15
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.
/s/ Peter G. Peterson
-----------------------------
PETER G. PETERSON
Dated: February 14, 2003
Page 14 of 15
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.
/s/ Stephen A. Schwarzman
-------------------------------
STEPHEN A. SCHWARZMAN
Dated: February 14, 2003
Page 15 of 15