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Filing Details

Accession Number:: 0001193125-19-133296
Form Type:: 13D Filing
Publication Date:: 2019-05-01 17:13:56

Filed By:: Platinum Equity Llc
Company:: Verra Mobility Corp (NASDAQ:VRRM)
Filing Date:: 2019-05-01
SEC Url:: 13D Filing

Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name	Shared Voting Power	Shared Dispositive Power	Aggregate Amount Owned Power	Percent of Class
PE Greenlight Holdings	56,239,744	56,239,744	56,239,744	35.5%
Platinum Equity Capital Partners IV	56,239,744	56,239,744	56,239,744	35.5%
Platinum Equity Partners IV	56,239,744	56,239,744	56,239,744	35.5%
Platinum Equity Partners IV	56,239,744	56,239,744	56,239,744	35.5%
Platinum Equity Investment Holdings IV	56,239,744	56,239,744	56,239,744	35.5%
Platinum Equity Investment Holdings IV Manager	56,239,744	56,239,744	56,239,744	35.5%
Platinum Equity InvestCo	56,239,744	56,239,744	56,239,744	35.5%
Platinum Equity Investment Holdings IC (Cayman)	56,239,744	56,239,744	56,239,744	35.5%
Platinum InvestCo (Cayman)	56,239,744	56,239,744	56,239,744	35.5%
Platinum Equity Investment Holdings	56,239,744	56,239,744	56,239,744	35.5%
Platinum Equity	62,391,293	62,391,293	62,391,293	39.3%
Tom Gores	62,391,293	62,391,293	62,391,293	39.3%

Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2(a)

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)*

VERRA MOBILITY CORPORATION

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

92511U102

(CUSIP Number)

S. Kris Agarwal

Platinum Equity Advisors, LLC

360 North Crescent Drive, South Building

Beverly Hills, CA 90210

(310) 712-1850

With a copy to:

Matthew B. Dubeck

Gibson, Dunn & Crutcher LLP

333 South Grand Avenue

Los Angeles, CA 90071

(213) 229-7622

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

April 30, 2019

(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 §§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 §240.13d-7 for other parties to whom copies are to be sent.

^*	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).


CUSIP No. 92511U102		Page 2


1.	Names of Reporting Persons: PE Greenlight Holdings, LLC
2.	Check the Appropriate Box If a Member of a Group a. ☐ b. ☒
3.	SEC Use Only
4.	Source of Funds: OO
5.	Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization: Delaware
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 56,239,744
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 56,239,744
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 56,239,744
12.	Check if the Aggregate Amount in Row 11 Excludes Certain Shares ☐
13.	Percent of Class Represented by Amount in Row 11 35.5%*
14.	Type of Reporting Person OO (Limited liability company)

Percentage of Class A Common Stock beneficially owned based on 158,556,642 shares of Class A Common Stock outstanding, which represents the number of shares of Class A Common Stock outstanding as of March 13, 2019, as reported in the Issuers Annual Report on Form 10-K, filed with the SEC on March 18, 2019, plus the 2,500,000 shares acquired by the Reporting Persons as reported herein. See Items 1 and 5 of this Amendment No. 2 to Schedule 13D.


CUSIP No. 92511U102		Page 3


1.	Names of Reporting Persons: Platinum Equity Capital Partners IV, L.P.
2.	Check the Appropriate Box If a Member of a Group a. ☐ b. ☒
3.	SEC Use Only
4.	Source of Funds: OO
5.	Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization: Delaware
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 56,239,744
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 56,239,744
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 56,239,744
12.	Check if the Aggregate Amount in Row 11 Excludes Certain Shares ☐
13.	Percent of Class Represented by Amount in Row 11 35.5%*
14.	Type of Reporting Person PN


CUSIP No. 92511U102		Page 4


1.	Names of Reporting Persons: Platinum Equity Partners IV, L.P.
2.	Check the Appropriate Box If a Member of a Group a. ☐ b. ☒
3.	SEC Use Only
4.	Source of Funds: OO
5.	Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization: Delaware
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 56,239,744
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 56,239,744
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 56,239,744
12.	Check if the Aggregate Amount in Row 11 Excludes Certain Shares ☐
13.	Percent of Class Represented by Amount in Row 11 35.5%*
14.	Type of Reporting Person PN


CUSIP No. 92511U102		Page 5


1.	Names of Reporting Persons: Platinum Equity Partners IV, LLC
2.	Check the Appropriate Box If a Member of a Group a. ☐ b. ☒
3.	SEC Use Only
4.	Source of Funds: OO
5.	Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization: Delaware
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 56,239,744
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 56,239,744
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 56,239,744
12.	Check if the Aggregate Amount in Row 11 Excludes Certain Shares ☐
13.	Percent of Class Represented by Amount in Row 11 35.5%*
14.	Type of Reporting Person OO (Limited liability company)


CUSIP No. 92511U102		Page 6


1.	Names of Reporting Persons: Platinum Equity Investment Holdings IV, LLC
2.	Check the Appropriate Box If a Member of a Group a. ☐ b. ☒
3.	SEC Use Only
4.	Source of Funds: OO
5.	Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization: Delaware
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 56,239,744
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 56,239,744
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 56,239,744
12.	Check if the Aggregate Amount in Row 11 Excludes Certain Shares ☐
13.	Percent of Class Represented by Amount in Row 11 35.5%*
14.	Type of Reporting Person OO (Limited liability company)


CUSIP No. 92511U102		Page 7


1.	Names of Reporting Persons: Platinum Equity Investment Holdings IV Manager, LLC
2.	Check the Appropriate Box If a Member of a Group a. ☐ b. ☒
3.	SEC Use Only
4.	Source of Funds: OO
5.	Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization: Delaware
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 56,239,744
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 56,239,744
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 56,239,744
12.	Check if the Aggregate Amount in Row 11 Excludes Certain Shares ☐
13.	Percent of Class Represented by Amount in Row 11 35.5%*
14.	Type of Reporting Person OO (Limited liability company)


CUSIP No. 92511U102		Page 8


1.	Names of Reporting Persons: Platinum Equity InvestCo, L.P.
2.	Check the Appropriate Box If a Member of a Group a. ☐ b. ☒
3.	SEC Use Only
4.	Source of Funds: OO
5.	Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization: Cayman Islands
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 56,239,744
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 56,239,744
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 56,239,744
12.	Check if the Aggregate Amount in Row 11 Excludes Certain Shares ☐
13.	Percent of Class Represented by Amount in Row 11 35.5%*
14.	Type of Reporting Person PN


CUSIP No. 92511U102		Page 9


1.	Names of Reporting Persons: Platinum Equity Investment Holdings IC (Cayman), LLC
2.	Check the Appropriate Box If a Member of a Group a. ☐ b. ☒
3.	SEC Use Only
4.	Source of Funds: OO
5.	Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization: Delaware
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 56,239,744
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 56,239,744
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 56,239,744
12.	Check if the Aggregate Amount in Row 11 Excludes Certain Shares ☐
13.	Percent of Class Represented by Amount in Row 11 35.5%*
14.	Type of Reporting Person OO (Limited liability company)


CUSIP No. 92511U102		Page 10


1.	Names of Reporting Persons: Platinum InvestCo (Cayman), LLC
2.	Check the Appropriate Box If a Member of a Group a. ☐ b. ☒
3.	SEC Use Only
4.	Source of Funds: OO
5.	Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization: Cayman Islands
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 56,239,744
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 56,239,744
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 56,239,744
12.	Check if the Aggregate Amount in Row 11 Excludes Certain Shares ☐
13.	Percent of Class Represented by Amount in Row 11 35.5%*
14.	Type of Reporting Person OO (Limited liability company)


CUSIP No. 92511U102		Page 11


1.	Names of Reporting Persons: Platinum Equity Investment Holdings, LLC
2.	Check the Appropriate Box If a Member of a Group a. ☐ b. ☒
3.	SEC Use Only
4.	Source of Funds: OO
5.	Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization: Delaware
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 56,239,744
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 56,239,744
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 56,239,744
12.	Check if the Aggregate Amount in Row 11 Excludes Certain Shares ☐
13.	Percent of Class Represented by Amount in Row 11 35.5%*
14.	Type of Reporting Person OO (Limited liability company)


CUSIP No. 92511U102		Page 12


1.	Names of Reporting Persons: Platinum Equity, LLC
2.	Check the Appropriate Box If a Member of a Group a. ☐ b. ☒
3.	SEC Use Only
4.	Source of Funds: OO
5.	Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization: Delaware
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 62,391,293*
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 62,391,293*
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 62,391,293*
12.	Check if the Aggregate Amount in Row 11 Excludes Certain Shares ☐
13.	Percent of Class Represented by Amount in Row 11 39.3%*
14.	Type of Reporting Person OO (Limited liability company)

Includes 59,780,088 shares of Class A Common Stock and 2,611,205 shares of Class A Common Stock issuable upon exercise of 2,611,205 warrants to purchase Class A Stock. Percentage of Class A Common Stock beneficially owned based on 158,556,642 shares of Class A Common Stock outstanding, which represents the number of shares of Class A Common Stock outstanding as of March 13, 2019, as reported in the Issuers Annual Report on Form 10-K, filed with the SEC on March 18, 2019, plus the 2,500,000 shares acquired by the Reporting Persons as reported herein. See Items 1 and 5 of this Amendment No. 2 to Schedule 13D.


CUSIP No. 92511U102		Page 13


1.	Names of Reporting Persons: Tom Gores
2.	Check the Appropriate Box If a Member of a Group a. ☐ b. ☒
3.	SEC Use Only
4.	Source of Funds: OO
5.	Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization: USA
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 62,391,293*
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 62,391,293*
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 62,391,293*
12.	Check if the Aggregate Amount in Row 11 Excludes Certain Shares ☐
13.	Percent of Class Represented by Amount in Row 11 39.3%*
14.	Type of Reporting Person IN


CUSIP No. 92511U102		Page 14

Introductory Note

This Amendment No. 2 to Schedule 13D amends and supplements the Schedule 13D filed with the Securities and Exchange Commission (the SEC) on October 29, 2018 (the Schedule 13D), as amended by Amendment No. 1 to Schedule 13D, filed on February 14, 2019 (Amendment No. 1) with respect to the Class A common stock, par value $0.0001 per share (the Class A Stock), of Verra Mobility Corporation, a Delaware corporation (the Issuer). This Amendment No. 2 is being filed to reflect the acquisition by the Reporting Persons (as defined below) of 2,500,000 shares of Class A Stock as a portion of the earn out consideration payable pursuant to the terms of the Merger Agreement. These shares were issued to PE Greenlight Holdings, LLC, a Delaware limited liability company (PE Greenlight). Capitalized terms used but not defined have the meaning given them in the Schedule 13D.

Item 3. Source and Amount of Funds or Other Consideration

The shares of Class A Stock reported in this Schedule 13D were acquired as follows:

1,893,798 shares of Class F Stock of the Issuer, par value $0.0001 per share (Class F Stock) and warrants to purchase 2,611,205 Class A Stock (Class A Warrants) were acquired in a distribution by Gores Sponsor II LLC (Gores Sponsor), the Issuers sponsor prior to the consummation of the Merger (as defined below), to certain of its investors (which include Platinum Equity) of shares of Class F Stock and Class A Warrants acquired by Gores Sponsor in the Issuers initial public offering. The shares of Class F Stock were converted into 1,893,798 shares of Class A Stock in connection with the Merger.

1,646,546 shares of Class A Stock were acquired pursuant to a private placement by the Issuer (the Private Placement) at a price of $9.20 per share of Class A Stock. The source of funds for these shares of Class A Stock, $15,148,223.20 in the aggregate, was the general working capital of Platinum Equity.

53,739,744 shares of Class A Stock were acquired as partial consideration in the merger (the Merger) pursuant to that certain Agreement and Plan of Merger by and among the Issuer, AM Merger Sub I, Inc., AM Merger Sub II, LLC, Greenlight Holding II Corporation (Greenlight) and PE Greenlight, in its capacity as the Stockholder Representative (as amended, the Merger Agreement). Pursuant to the Merger, the Issuer acquired a business that was indirectly controlled by Platinum Equity and operated by Greenlight.

2,500,000 shares of Class A Stock were acquired as a portion of the earn out consideration payable pursuant to the terms of the Merger Agreement.

Additional information regarding each of the first three acquisitions described above is set forth in the Issuers definitive proxy statement related to the Merger filed with the SEC on October 2, 2018 and the Issuers Current Report on Form 8-K filed with the SEC on October 22, 2018 (the Issuer 8-K).

Item 5. Interest in Securities of the Issuer

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:

The Reporting Persons may be deemed to beneficially own the number of shares of Class A Stock (including shares of Class A Stock underlying Class A Warrants) set forth in the table below, representing the approximate percentage of Issuers outstanding shares of Class A Stock set forth in the table below as calculated pursuant Rule 13d-3 (based on the 158,556,642 shares of Class A Stock, which represents the number of shares of Class A Stock stated to be outstanding as of March 13, 2019 by the Issuer in the Issuers Annual Report on Form 10-K, filed with the SEC on March 18, 2019, plus the 2,500,000 shares acquired by the Reporting Persons as reported herein.

The following sets forth the aggregate number of shares and percentage of Class A Stock beneficially owned by each of the Reporting Persons, as well as the number of shares of Class A Stock as to which each Reporting Person has the sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition, based on 158,556,642 shares of Class A Stock outstanding as of March 13, 2019, as described above.


CUSIP No. 92511U102		Page 15


Reporting Person	Amount beneficially owned		Percent of class			Sole power to vote or to direct the vote		Shared power to vote or to direct the vote		Sole power to dispose or to direct the disposition of		Shared power to dispose or to direct the disposition of
PE Greenlight Holdings, LLC		56,239,744		35.5	%		0		56,239,744		0		56,239,744
Platinum Equity Capital Partners IV, L.P.		56,239,744		35.5	%		0		56,239,744		0		56,239,744
Platinum Equity Partners IV, L.P.		56,239,744		35.5	%		0		56,239,744		0		56,239,744
Platinum Equity Partners IV, LLC		56,239,744		35.5	%		0		56,239,744		0		56,239,744
Platinum Equity Investment Holdings IV, LLC		56,239,744		35.5	%		0		56,239,744		0		56,239,744
Platinum Equity Investment Holdings IV Manager, LLC		56,239,744		35.5	%		0		56,239,744		0		56,239,744
Platinum Equity InvestCo, L.P.		56,239,744		35.5	%		0		56,239,744		0		56,239,744
Platinum Equity Investment Holdings IC (Cayman), LLC		56,239,744		35.5	%		0		56,239,744		0		56,239,744
Platinum InvestCo (Cayman), LLC		56,239,744		35.5	%		0		56,239,744		0		56,239,744
Platinum Equity Investment Holdings, LLC		56,239,744		35.5	%		0		56,239,744		0		56,239,744
Platinum Equity, LLC		62,391,293		39.3	%		0		62,391,293		0		62,391,293
Tom Gores		62,391,293		39.3	%		0		62,391,293		0		62,391,293

Other than as reported herein with respect to the 2,500,000 shares of Class A Stock acquired pursuant to the terms of the Merger Agreement on April 30, 2019, none of the Reporting Persons has engaged in any transaction in shares of Class A Stock in the 60 days prior to the filing of this Amendment No. 2.

SIGNATURES

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: May 1, 2019


PE GREENLIGHT HOLDINGS, LLC

By:		/s/ Justin Maroldi
Name: Justin Maroldi
Title: Assistant Secretary



PLATINUM EQUITY CAPITAL PARTNERS IV, L.P.

By:		Platinum Equity Partners IV, L.P.,
Its:		General Partner

By:		Platinum Equity Partners IV, LLC,
Its:		General Partner



By:		/s/ Justin Maroldi


		Name: Justin Maroldi
		Title: Assistant Secretary



PLATINUM EQUITY PARTNERS IV, L.P.

By:		Platinum Equity Partners IV, LLC,
Its:		General Partner



By:		/s/ Justin Maroldi
Name: Justin Maroldi
Title: Assistant Secretary



PLATINUM EQUITY PARTNERS IV, LLC

By:		/s/ Justin Maroldi
Name: Justin Maroldi
Title: Assistant Secretary



PLATINUM EQUITY INVESTMENT HOLDINGS IV, LLC

By:		/s/ Justin Maroldi
Name: Justin Maroldi
Title: Assistant Secretary



PLATINUM EQUITY INVESTMENT HOLDINGS IV MANAGER, LLC

By:		/s/ Justin Maroldi
Name: Justin Maroldi
Title: Assistant Secretary



PLATINUM EQUITY INVESTCO, L.P.

By:		Platinum Equity Investment Holdings IC (Cayman), LLC,
Its:		General Partner



By:		/s/ Justin Maroldi
Name: Justin Maroldi
Title: Assistant Secretary


PLATINUM EQUITY INVESTMENT HOLDINGS IC (CAYMAN), LLC



By:		/s/ Justin Maroldi


Name:		Justin Maroldi
Title:		Assistant Secretary


PLATINUM INVESTCO (CAYMAN), LLC



By:		/s/ Justin Maroldi


Name:		Justin Maroldi
Title:		Assistant Secretary


PLATINUM EQUITY INVESTMENT HOLDINGS, LLC



By:		/s/ Justin Maroldi


Name:		Justin Maroldi
Title:		Assistant Secretary


PLATINUM EQUITY, LLC



By:		/s/ Justin Maroldi


Name:		Justin Maroldi
Title:		Assistant Secretary


TOM GORES



By:		/s/ Mary Ann Sigler


Name:		Mary Ann Sigler
Title:		Attorney-in-Fact