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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 |
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OMB Number:3235-0145 Expires: February 28, 2009 Estimated average burden hours per response...10.4 |
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1) /
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HILL INTERNATIONAL, INC. (formerly “Arpeggio Acquisition Corporation”) |
(Name of Issuer)
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Common Stock, par value $0.0001 per share |
(Title of Class of Securities)
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431466101 |
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(CUSIP Number)
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December 31, 2006 |
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(Date of Event which Requires Filing of this Statement) |
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
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o |
Rule 13d-1(b) | |||
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x |
Rule 13d-1(c) |
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o |
Rule 13d-1(d) |
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_________________________
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 (“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).
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CUSIP No. 431466101 |
13G |
Page 2 of 10 |
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1 |
Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) P&S Capital Partners, LLC P&S Capital Management, LLC Daniel L. Nir | ||
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2 |
Check the Appropriate Box if a Member of a Group (See Instructions) | ||
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(a) o | ||
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(b) x | ||
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3 |
SEC Use Only | ||
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4 |
Citizenship or Place of Organization. P&S Capital Partners, LLC - Delaware P&S Capital Management, LLC - Delaware Daniel L. Nir - United States | ||
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Number of Shares Beneficially Owned by Each Reporting Person With |
5 Sole Voting Power P&S Capital Partners, LLC - 0 shares P&S Capital Management, LLC - 0 shares Daniel L. Nir - 0 shares | ||
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6 Shared Voting Power P&S Capital Partners, LLC - 524,752 shares P&S Capital Management, LLC - 430,748 shares Daniel L. Nir - 955,500 shares Refer to Item 4 below. | |||
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7 Sole Dispositive Power P&S Capital Partners, LLC - 0 shares P&S Capital Management, LLC - 0 shares Daniel L. Nir - 0 shares | |||
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8 Shared Dispositive Power P&S Capital Partners, LLC - 524,752 shares P&S Capital Management, LLC - 430,748 shares Daniel L. Nir - 955,500 shares Refer to Item 4 below. | |||
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9 |
Aggregate Amount Beneficially Owned by Each Reporting Person P&S Capital Partners, LLC - 524,752 shares P&S Capital Management, LLC - 430,748 shares Daniel L. Nir - 955,500 shares Refer to Item 4 below. |
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10 |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o Not applicable. |
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CUSIP No. 431466101 |
13G |
Page 3 of 10 |
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11 |
Percent of Class Represented by Amount in Row (9) P&S Capital Partners, LLC - 2.3% P&S Capital Management, LLC - 1.9% Daniel L. Nir - 4.3% Refer to Item 4 below. |
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12 |
Type of Reporting Person (See Instructions) P&S Capital Partners, LLC - OO (Limited Liability Company) P&S Capital Management, LLC - OO (Limited Liability Company) Daniel L. Nir - IN |
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CUSIP No. 431466101 |
13G |
Page 4 of 10 |
Item 1.
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(a) |
Name of Issuer |
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Hill International, Inc. (formerly “Arpeggio Acquisition Corporation”) |
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(b) |
Address of Issuer’s Principal Executive Offices |
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303 Lippincott Centre, Marlton, NJ 08053 |
Item 2.
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(a) |
Name of Person Filing |
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P&S Capital Partners, LLC P&S Capital Management, LLC Daniel L. Nir |
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(b) |
Address of Principal Business Office or, if none, Residence |
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P&S Capital Partners, LLC P&S Capital Management, LLC Daniel L. Nir c/o Gracie Capital 590 Madison Avenue 28th Floor New York, NY 10022 |
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(c) |
Citizenship |
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P&S Capital Partners, LLC - Delaware P&S Capital Management, LLC - Delaware Daniel L. Nir - United States |
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(d) |
Title of Class of Securities |
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Common Stock, par value $0.0001 per share |
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(e) |
CUSIP Number |
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431466101 |
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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: |
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(a) |
o |
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). |
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(b) |
o |
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). |
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(c) |
o |
Insurance Company as defined in Section 3(a)(19) of the Act |
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(d) |
o |
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). |
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(e) |
o |
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
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CUSIP No. 431466101 |
13G |
Page 5 of 10 |
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(f) |
o |
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
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(g) |
o |
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); |
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(h) |
o |
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
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(i) |
o |
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); |
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(j) |
o |
Group, in accordance with §240.13d-1(b)(1)(ii)(J). |
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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.
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(a) |
Amount Beneficially Owned** | |
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P&S Capital Partners, LLC - 524,752 shares P&S Capital Management, LLC - 430,748 shares Daniel L. Nir - 955,500 shares | |
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(b) |
Percent of Class** | |
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P&S Capital Partners, LLC - 2.3% P&S Capital Management, LLC - 1.9% Daniel L. Nir - 4.3% | |
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(c) |
Number of shares as to which such person has: | |
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(i) |
sole power to vote or to direct the vote** |
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P&S Capital Partners, LLC - 0 shares P&S Capital Management, LLC - 0 shares Daniel L. Nir - 0 shares |
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(ii) |
shared power to vote or to direct the vote** |
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P&S Capital Partners, LLC - 524,752 shares P&S Capital Management, LLC - 430,748 shares Daniel L. Nir - 955,500 shares |
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(iii) |
sole power to dispose or to direct the disposition of** |
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P&S Capital Partners, LLC - 0 shares P&S Capital Management, LLC - 0 shares Daniel L. Nir - 0 shares |
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(iv) |
shared power to dispose or to direct the disposition of** |
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P&S Capital Partners, LLC - 524,752 shares P&S Capital Management, LLC - 430,748 shares Daniel L. Nir - 955,500 shares |
** (1) Shares reported for P&S Capital Partners, LLC reflect shares and warrants beneficially owned by private investment funds of which P&S Capital Partners, LLC is the general partner. P&S Capital Partners, LLC has voting and investment control over such shares and warrants, but disclaims
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CUSIP No. 431466101 |
13G |
Page 6 of 10 |
beneficial ownership of the shares and warrants reported herein except to the extent of its pecuniary interest therein.
(2) Shares reported for P&S Capital Management, LLC reflect shares and warrants beneficially owned by private investment funds of which P&S Capital Management, LLC is the investment manager or is the general partner of the investment manager. P&S Capital Management, LLC has voting and investment control over such shares and warrants , but disclaims beneficial ownership of the shares and warrants reported herein except to the extent of its pecuniary interest therein.
(3) Shares reported for Daniel L. Nir include shares and warrants reported for P&S Capital Partners, LLC, and P&S Capital Management, LLC, of which Mr. Nir is the managing member, and in such capacity may be deemed to have voting and investment control over such shares and warrants. Mr. Nir disclaims beneficial ownership of all such shares and warrants except to the extent of his pecuniary interest therein.
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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 x.
Not applicable.
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Item 6. |
Ownership of More than Five Percent on Behalf of Another Person |
Not applicable.
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Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company |
Not applicable.
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Item 8. |
Identification and Classification of Members of the Group |
Not applicable.
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Item 9. |
Notice of Dissolution of Group |
Not applicable.
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Item 10. |
Certification |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
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CUSIP No. 431466101 |
13G |
Page 7 of 10 |
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.
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Date: |
January 30, 2007 |
P&S CAPITAL PARTNERS, LLC
By:/s/ Greg Pearson
Greg Pearson
Chief Financial Officer
P&S CAPITAL MANAGEMENT, LLC
By:/s/ Greg Pearson
Greg Pearson
Chief Financial Officer
DANIEL L. NIR
/s/ Daniel L. Nir
Daniel L. Nir, individually
Exhibit 1
JOINT FILING AGREEMENT
This Joint Filing Agreement, dated as of January 30, 2007, is by and among P&S Capital Partners, LLC, P&S Capital Management, LLC and Daniel L. Nir, an individual (the foregoing are collectively referred to herein as the “Filers”).
Each of the Filers may be required to file with the United States Securities and Exchange Commission a statement on Schedule 13G with respect to shares of Common Stock, par value $0.01 per share, of Hill International, Inc. (formerly “Arpeggio Acquisition Corporation”) beneficially owned by them from time to time.
Pursuant to and in accordance with Rule 13(d)(1)(k) promulgated under the Securities Exchange Act of 1934, as amended, the Filers hereby agree to file a single statement on Schedule 13G and/or 13D (and any amendments thereto) on behalf of each of such parties, and hereby further agree to file this Joint Filing Agreement as an exhibit to such statement, as required by such rule.
This Joint Filing Agreement may be terminated by any of the Filers upon one week’s prior written notice or such lesser period of notice as the Filers may mutually agree.
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Executed and delivered as of the date first above written. |
P&S CAPITAL PARTNERS, LLC
By:/s/ Greg Pearson
Greg Pearson
Chief Financial Officer
P&S CAPITAL MANAGEMENT, LLC
By:/s/ Greg Pearson
Greg Pearson
Chief Financial Officer
DANIEL L. NIR
/s/ Daniel L. Nir
Daniel L. Nir, individually