Andrew Weiss‘ Weiss Asset Management recently filed a Form 13G with the Securities and Exchange Commission in which it reported holding 3.82 million common shares of Quinpario Acquisition Corp. 2 (NASDAQ:QPAC), which amass 8.74% of the company’s outstanding stock. This represents an increase of 1.80 million shares to the fund’s stake, as it previously held 2.02 million shares according to its 13F filing for the end of June.
Quinpario Acquisition Corp. 2 is a blank-check company. Over the past 12 months, the company’s shares have gained 0.2%, and 0.92% since its IPO last March. The company is focused on the acquisition of specialty chemicals and performance materials companies. Quinpario Partners is currently led by several veterans of Solutia, which was acquired by Eastman Chemical Company (NYSE:EMN) for $4.8 billion in 2012. The partners’ first acquisition company, Quinpario Acquisition Corp (NASDAQ:JASN), acquired Jason Industries in June 2014.
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Weiss Asset Management may now rank as being the largest shareholder of the stock, as Fir Tree, founded by Jeffrey Tannenbaum, was the largest shareholder of Quinpario Acquisition Corp. 2 (NASDAQ:QPAC) on June 30, owning 2.61 million shares. Paul Glazer’s Glazer Capital and Eric Edidin and Josh Lobel’s Archer Capital Management were some other large shareholders of the stock at the end of June.
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You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| WEISS ASSET MANAGEMENT | 0 | 3,824,400 | 0 | 3,824,400 | 3,824,400 | 8.74% |
| BIP GP | 0 | 2,356,222 | 0 | 2,356,222 | 2,356,222 | 5.39% |
| WAM GP | 0 | 3,824,400 | 0 | 3,824,400 | 3,824,400 | 8.74% |
| ANDREW M. WEISS, PH.D | 0 | 3,824,400 | 0 | 3,824,400 | 3,824,400 | 8.74% |
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Page 1 of 10 – SEC Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Quinpario
Acquisition Corp. 2
(Name of Issuer)
Common stock, par value $0.0001 per share
(Title of Class of Securities)
74874U101
(CUSIP Number)
August 12, 2016
(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)
x Rule 13d-1(c)
¨ Rule 13d-1(d)
| * | The remainder of this cover page shall be filled out for a reporting persons 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).
Page 2 of 10 – SEC Filing
SCHEDULE 13G
| CUSIP NO. 74874U101 | PAGE 2 OF 10 PAGES |
| 1. | NAME OF WEISS ASSET MANAGEMENT LP | |||||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER (A) ¨ (B) ¨ | |||||
| 3. | SEC USE ONLY | |||||
| 4. | CITIZENSHIP OR PLACE OF DELAWARE | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5. | SOLE VOTING POWER 0 | ||||
| 6. | SHARED VOTING POWER 3,824,400 | |||||
| 7. | SOLE DISPOSITIVE POWER 0 | |||||
| 8. | SHARED DISPOSITIVE POWER 3,824,400 | |||||
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,824,400 | |||||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ¨ | |||||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT 8.74% | |||||
| 12. | TYPE OF REPORTING PERSON* IA Investment Adviser | |||||
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Page 3 of 10 – SEC Filing
SCHEDULE 13G
| CUSIP NO. 74874U101 | PAGE 3 OF 10 PAGES |
| 1. | NAME OF BIP GP LLC | |||||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER (A) ¨ (B) ¨ | |||||
| 3. | SEC USE ONLY | |||||
| 4. | CITIZENSHIP OR PLACE OF DELAWARE | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5. | SOLE VOTING POWER 0 | ||||
| 6. | SHARED VOTING POWER 2,356,222 | |||||
| 7. | SOLE DISPOSITIVE POWER 0 | |||||
| 8. | SHARED DISPOSITIVE POWER 2,356,222 | |||||
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,356,222 | |||||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ¨ | |||||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT 5.39% | |||||
| 12. | TYPE OF REPORTING PERSON* 00 Limited Liability | |||||
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Page 4 of 10 – SEC Filing
SCHEDULE 13G
| CUSIP NO. 74874U101 | PAGE 4 OF 10 PAGES |
| 1. | NAME OF WAM GP LLC | |||||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER (A) ¨ (B) ¨ | |||||
| 3. | SEC USE ONLY | |||||
| 4. | CITIZENSHIP OR PLACE OF DELAWARE | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5. | SOLE VOTING POWER 0 | ||||
| 6. | SHARED VOTING POWER 3,824,400 | |||||
| 7. | SOLE DISPOSITIVE POWER 0 | |||||
| 8. | SHARED DISPOSITIVE POWER 3,824,400 | |||||
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,824,400 | |||||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ¨ | |||||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT 8.74% | |||||
| 12. | TYPE OF REPORTING PERSON* HC Parent Holding Company/Control | |||||
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Page 5 of 10 – SEC Filing
SCHEDULE 13G
| CUSIP NO. 74874U101 | PAGE 5 OF 10 PAGES |
| 1. | NAME OF ANDREW M. WEISS, PH.D. | |||||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER (A) ¨ (B) ¨ | |||||
| 3. | SEC USE ONLY | |||||
| 4. | CITIZENSHIP OR PLACE OF USA | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5. | SOLE VOTING POWER 0 | ||||
| 6. | SHARED VOTING POWER 3,824,400 | |||||
| 7. | SOLE DISPOSITIVE POWER 0 | |||||
| 8. | SHARED DISPOSITIVE POWER 3,824,400 | |||||
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,824,400 | |||||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ¨ | |||||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT 8.74% | |||||
| 12. | TYPE OF REPORTING PERSON* HC Parent Holding Company/Control | |||||
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Page 6 of 10 – SEC Filing
SCHEDULE 13G
| CUSIP NO. 74874U101 | PAGE 6 OF 10 PAGES |
| ITEM 1. |
| (a) Name of Issuer: | Quinpario Acquisition Corp. 2 | |
| (b) Address of Issuers Principal Executive |
| 12935 N. Forty Drive, Suite 201, St. Louis, Missouri | ||
| ITEM 2. |
| (a) and (c): Name and Citizenship of Persons Filing: |
| (i) BIP GP LLC, a Delaware limited liability company (BIP |
| (ii) Weiss Asset Management LP, a Delaware limited partnership |
| (iii) WAM GP LLC, a Delaware limited liability company (WAM |
| (iv) Andrew M. Weiss, Ph.D., a United States citizen (Andrew |
| (b): Address of Principal Business Office: |
| BIP GP, Weiss Asset Management, WAM GP, and Andrew Weiss have a business address of 222 Berkeley St., 16th floor, |
| (d) Title of Class of Securities: | Common stock, par value $0.0001 per share | |
| (e) CUSIP Number: | 74874U101 | |
| ITEM 3. | IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B), 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) | ¨ | Investment Adviser registered under section 203 of the Investment Advisers Act or under the laws of any State | ||
| (f) | ¨ | Employee Benefit Plan, Pension fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see Section 240.13d-1(b)(1)(ii)(F) | ||
| (g) | ¨ | A Parent Holding Company or control person, in accordance with Section 240.13d-1(b)(ii)(G) | ||
| (h) | ¨ | A Savings Association 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 Section 240.13d-1(b)(1)(ii)(J) | ||
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Page 7 of 10 – SEC Filing
SCHEDULE 13G
| CUSIP NO. 74874U101 | PAGE 7 OF 10 PAGES |
| ITEM 4. | OWNERSHIP | |
| BIP GP* | ||||
| (a) Amount Beneficially Owned: | 2,356,222 | |
| (b) Percent of Class: | 5.39% | |
| (c) Number of shares as to which such person | ||
| (i) sole power to vote or to direct the vote: | 0 | |
| (ii) shared power to vote or to direct the vote: | 2,356,222 | |
| (iii) sole power to dispose or to direct the disposition of: | 0 | |
| (iv) shared power to dispose or to direct the disposition of: | 2,356,222 | |
| WEISS ASSET MANAGEMENT* | ||
| (a) Amount Beneficially Owned: | 3,824,400 | |
| (b) Percent of Class: | 8.74% | |
| (c) Number of shares as to which such person | ||
| (i) sole power to vote or to direct the | 0 | |
| (ii) shared power to vote or to direct the vote: | 3,824,400 | |
| (iii) sole power to dispose or to direct the disposition of: | 0 | |
| (iv) shared power to dispose or to direct the disposition of: | 3,824,400 | |
| WAM GP* | ||
| (a) Amount Beneficially Owned: | 3,824,400 | |
| (b) Percent of Class: | 8.74% | |
| (c) Number of shares as to which such person | ||
| (i) sole power to vote or to direct the vote: | 0 | |
| (ii) shared power to vote or to direct the vote: | 3,824,400 | |
| (iii) sole power to dispose or to direct the disposition of: | 0 | |
| (iv) shared power to dispose or to direct the disposition of: | 3,824,400 | |
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Page 8 of 10 – SEC Filing
SCHEDULE 13G
| CUSIP NO. 74874U101 | PAGE 8 OF 10 PAGES |
| ANDREW M. WEISS, PH.D.* |
| (a) Amount Beneficially Owned: | 3,824,400 | |
| (b) Percent of Class: | 8.74% | |
| (c) Number of shares as to which such person | ||
| (i) sole power to vote or to direct the | 0 | |
| (ii) shared power to vote or to direct the | 3,824,400 | |
| (iii) | 0 | |
| (iv) shared power to dispose or to direct the | 3,824,400 | |
| * | Shares reported for BIP GP include shares beneficially owned by a private investment partnership (the Partnership) of which BIP GP is the sole general partner. Weiss Asset Management is the sole investment manager to the Partnership. WAM GP is the sole general partner of Weiss Asset Management. Andrew Weiss is the managing member of WAM GP and BIP GP. Shares reported for WAM GP, Andrew Weiss and Weiss Asset Management include shares beneficially owned by the Partnership (and reported above for BIP GP). |
Each of BIP GP, WAM GP, Weiss Asset Management, and Andrew Weiss disclaims beneficial
ownership of the shares reported herein as beneficially owned by each except to the extent of their respective pecuniary interest therein. The percent of class computations are based on 43,750,000 shares of common stock issued and outstanding as of
August 15, 2016, as reported in the Form 10-Q of the Issuer, which was filed with the SEC on August 15, 2016.
| 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 [ ].
| ITEM 6. | OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON |
Not Applicable
| ITEM 7. | IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON |
See Item 4.
| ITEM 8. | IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP |
Not Applicable
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Page 9 of 10 – SEC Filing
SCHEDULE 13G
| CUSIP NO. 74874U101 | PAGE 9 OF 10 PAGES |
| ITEM 9. | NOTICE OF DISSOLUTION OF GROUP |
Not Applicable
| 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.
| ITEM 11. | MATERIALS TO BE FILED AS EXHIBITS |
Exhibit 1 Joint Filing Agreement
SIGNATURE
After reasonable inquiry and to the
best of my knowledge and belief, I hereby certify that the information set forth in this statement is true, complete and correct.
| Dated: August 17, 2016 | ||||
| WEISS ASSET MANAGEMENT LP | ||||
| By: /s/ Georgiy Nikitin | ||||
| Georgiy Nikitin, Chief Compliance Officer | ||||
| BIP GP LLC | ||||
| By: /s/ Georgiy Nikitin | ||||
| Georgiy Nikitin, Chief Compliance Officer | ||||
| WAM GP LLC | ||||
| By: /s/ Georgiy Nikitin | ||||
| Georgiy Nikitin, Chief Compliance Officer | ||||
| ANDREW M. WEISS, PH.D. | ||||
| By: /s/ Georgiy Nikitin | ||||
| Georgiy Nikitin, Attorney-in-Fact for Andrew Weiss** | ||||
| ** | Duly authorized under Power of Attorney incorporated herein by reference to the exhibit to the Form 13G/A filed by Weiss Asset Management LP on February 13, 2015 in respect of its holding in HF2 Financial Management Inc. |
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Page 10 of 10 – SEC Filing
SCHEDULE 13G
| CUSIP NO. 74874U101 | PAGE 10 OF 10 PAGES |
Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule
13d-1(k) under the Securities Exchange Act of 1934, as amended, Weiss Asset Management LP, BIP GP LLC, WAM GP LLC, and Andrew M. Weiss, hereby agree to the joint filing on behalf of each of them of a statement on Schedule 13G and/or 13D (including
any and all amendments thereto) with respect to the common shares of Quinpario Acquisition Corp. 2, and further agree that this Joint Filing Agreement, as may be amended from time to time, shall be included as an Exhibit to such joint filings.
The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and/or 13D and any
amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party,
unless such party knows or has reason to believe that such information is inaccurate.
This Joint Filing Agreement may be signed in
counterparts with the same effect as if the signature on each counterpart were upon the same instrument.
IN WITNESS WHEREOF, the
undersigned have executed this Agreement as of August 17, 2016.
| WEISS ASSET MANAGEMENT LP | ||||
| By: /s/ Georgiy Nikitin | ||||
| Georgiy Nikitin, Chief Compliance Officer | ||||
| BIP GP LLC | ||||
| By: /s/ Georgiy Nikitin | ||||
| Georgiy Nikitin, Chief Compliance Officer | ||||
| WAM GP LLC | ||||
| By: /s/ Georgiy Nikitin | ||||
| Georgiy Nikitin, Chief Compliance Officer | ||||
| ANDREW M. WEISS, PH.D. | ||||
| By: /s/ Georgiy Nikitin | ||||
| Georgiy Nikitin, Attorney-in-Fact for Andrew Weiss** | ||||
| ** | Duly authorized under Power of Attorney incorporated herein by reference to the exhibit to the Form 13G/A filed by Weiss Asset Management LP on February 13, 2015 in respect of its holding in HF2 Financial Management Inc. |