Filing Details
- Accession Number:
- 0001193125-23-166105
- Form Type:
- 13D Filing
- Publication Date:
- 2023-06-12 20:00:00
- Filed By:
- Alpinvest Partners B.v.
- Company:
- Stagwell Inc (NASDAQ:STGW)
- Filing Date:
- 2023-06-13
- SEC Url:
- 13D Filing
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 | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
AlpInvest Partners US Secondary Investments | 0 | 0 | 0 | 0 | 0 | 0% |
AlpInvest PEP Secondary | 0 | 0 | 0 | 0 | 0 | 0% |
AlpInvest Secondaries Fund VI C.V | 0 | 0 | 0 | 0 | 0 | 0% |
AlpInvest Secondaries Fund (Euro) VI C.V | 0 | 0 | 0 | 0 | 0 | 0% |
GGG US Secondary | 0 | 0 | 0 | 0 | 0 | 0% |
AlpInvest GA Secondary C.V | 0 | 0 | 0 | 0 | 0 | 0% |
AG Secondary C.V | 0 | 0 | 0 | 0 | 0 | 0% |
APSS Secondary C.V | 0 | 0 | 0 | 0 | 0 | 0% |
AJ Secondary C.V | 0 | 0 | 0 | 0 | 0 | 0% |
AP Fondo Secondaries II C.V | 0 | 0 | 0 | 0 | 0 | 0% |
AlpInvest Partners B.V | 0 | 0 | 0 | 0 | 0 | 0% |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Stagwell Inc.
(Name of Issuer)
Class A Common Stock, par value $0.001 per share
(Title of Class of Securities)
552697104
(CUSIP Number)
Michael Thorne, Esq.
AlpInvest US Holdings, LLC
One Vanderbilt Ave, Suite 3400
New York, N.Y. 10171
Telephone: (212) 332-6240
with a copy to:
Adam J. Dobson, Esq.
Ropes & Gray LLP
Prudential Tower, 800 Boylston Street
Boston, MA 02199-3600
Telephone: (617) 951-7147
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
June 9, 2023
(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. 552697104 | Page 2 of 16 |
(1) | Names of reporting persons
AlpInvest Partners US Secondary Investments 2016 I C.V. | |||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
(3) | SEC use only
| |||||
(4) | Source of funds (see instructions)
OO | |||||
(5) | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
(6) | Citizenship or place or organization
Netherlands |
Number of shares beneficially owned by each reporting person with:
| (7) | Sole voting power
0 | ||||
(8) | Shared voting power
0 | |||||
(9) | Sole dispositive power
0 | |||||
(10) | Shared dispositive power
0 |
(11) | Aggregate amount beneficially owned by each reporting person
0 | |||||
(12) | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
| |||||
(13) | Percent of class represented by amount in Row (11)
0 | |||||
(14) | Type of reporting person (see instructions)
LP |
CUSIP No. 552697104 | Page 3 of 16 |
(1) | Names of reporting persons
AlpInvest PEP Secondary 2017 C.V. | |||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
(3) | SEC use only
| |||||
(4) | Source of funds (see instructions)
OO | |||||
(5) | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
(6) | Citizenship or place or organization
Netherlands |
Number of shares beneficially owned by each reporting person with:
| (7) | Sole voting power
0 | ||||
(8) | Shared voting power
0 | |||||
(9) | Sole dispositive power
0 | |||||
(10) | Shared dispositive power
0 |
(11) | Aggregate amount beneficially owned by each reporting person
0 | |||||
(12) | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
| |||||
(13) | Percent of class represented by amount in Row (11)
0 | |||||
(14) | Type of reporting person (see instructions)
LP |
CUSIP No. 552697104 | Page 4 of 16 |
(1) | Names of reporting persons
AlpInvest Secondaries Fund VI C.V. | |||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
(3) | SEC use only
| |||||
(4) | Source of funds (see instructions)
OO | |||||
(5) | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
(6) | Citizenship or place or organization
Netherlands |
Number of shares beneficially owned by each reporting person with:
| (7) | Sole voting power
0 | ||||
(8) | Shared voting power
0 | |||||
(9) | Sole dispositive power
0 | |||||
(10) | Shared dispositive power
0 |
(11) | Aggregate amount beneficially owned by each reporting person
0 | |||||
(12) | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
| |||||
(13) | Percent of class represented by amount in Row (11)
0 | |||||
(14) | Type of reporting person (see instructions)
LP |
CUSIP No. 552697104 | Page 5 of 16 |
(1) | Names of reporting persons
AlpInvest Secondaries Fund (Euro) VI C.V. | |||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
(3) | SEC use only
| |||||
(4) | Source of funds (see instructions)
OO | |||||
(5) | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
(6) | Citizenship or place or organization
Netherlands |
Number of shares beneficially owned by each reporting person with:
| (7) | Sole voting power
0 | ||||
(8) | Shared voting power
0 | |||||
(9) | Sole dispositive power
0 | |||||
(10) | Shared dispositive power
0 |
(11) | Aggregate amount beneficially owned by each reporting person
0 | |||||
(12) | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
| |||||
(13) | Percent of class represented by amount in Row (11)
0 | |||||
(14) | Type of reporting person (see instructions)
LP |
CUSIP No. 552697104 | Page 6 of 16 |
(1) | Names of reporting persons
GGG US Secondary 2017 C.V. | |||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
(3) | SEC use only
| |||||
(4) | Source of funds (see instructions)
OO | |||||
(5) | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
(6) | Citizenship or place or organization
Netherlands |
Number of shares beneficially owned by each reporting person with:
| (7) | Sole voting power
0 | ||||
(8) | Shared voting power
0 | |||||
(9) | Sole dispositive power
0 | |||||
(10) | Shared dispositive power
0 |
(11) | Aggregate amount beneficially owned by each reporting person
0 | |||||
(12) | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
| |||||
(13) | Percent of class represented by amount in Row (11)
0 | |||||
(14) | Type of reporting person (see instructions)
LP |
CUSIP No. 552697104 | Page 7 of 16 |
(1) | Names of reporting persons
AlpInvest GA Secondary C.V. | |||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
(3) | SEC use only
| |||||
(4) | Source of funds (see instructions)
OO | |||||
(5) | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
(6) | Citizenship or place or organization
Netherlands |
Number of shares beneficially owned by each reporting person with:
| (7) | Sole voting power
0 | ||||
(8) | Shared voting power
0 | |||||
(9) | Sole dispositive power
0 | |||||
(10) | Shared dispositive power
0 |
(11) | Aggregate amount beneficially owned by each reporting person
0 | |||||
(12) | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
| |||||
(13) | Percent of class represented by amount in Row (11)
0 | |||||
(14) | Type of reporting person (see instructions)
LP |
CUSIP No. 552697104 | Page 8 of 16 |
(1) | Names of reporting persons
AG Secondary C.V. | |||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
(3) | SEC use only
| |||||
(4) | Source of funds (see instructions)
OO | |||||
(5) | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
(6) | Citizenship or place or organization
Netherlands |
Number of shares beneficially owned by each reporting person with:
| (7) | Sole voting power
0 | ||||
(8) | Shared voting power
0 | |||||
(9) | Sole dispositive power
0 | |||||
(10) | Shared dispositive power
0 |
(11) | Aggregate amount beneficially owned by each reporting person
0 | |||||
(12) | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
| |||||
(13) | Percent of class represented by amount in Row (11)
0 | |||||
(14) | Type of reporting person (see instructions)
LP |
CUSIP No. 552697104 | Page 9 of 16 |
(1) | Names of reporting persons
APSS Secondary C.V. | |||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
(3) | SEC use only
| |||||
(4) | Source of funds (see instructions)
OO | |||||
(5) | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
(6) | Citizenship or place or organization
Netherlands |
Number of shares beneficially owned by each reporting person with:
| (7) | Sole voting power
0 | ||||
(8) | Shared voting power
0 | |||||
(9) | Sole dispositive power
0 | |||||
(10) | Shared dispositive power
0 |
(11) | Aggregate amount beneficially owned by each reporting person
0 | |||||
(12) | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
| |||||
(13) | Percent of class represented by amount in Row (11)
0 | |||||
(14) | Type of reporting person (see instructions)
LP |
CUSIP No. 552697104 | Page 10 of 16 |
(1) | Names of reporting persons
AJ Secondary C.V. | |||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
(3) | SEC use only
| |||||
(4) | Source of funds (see instructions)
OO | |||||
(5) | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
(6) | Citizenship or place or organization
Netherlands |
Number of shares beneficially owned by each reporting person with:
| (7) | Sole voting power
0 | ||||
(8) | Shared voting power
0 | |||||
(9) | Sole dispositive power
0 | |||||
(10) | Shared dispositive power
0 |
(11) | Aggregate amount beneficially owned by each reporting person
0 | |||||
(12) | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
| |||||
(13) | Percent of class represented by amount in Row (11)
0 | |||||
(14) | Type of reporting person (see instructions)
LP |
CUSIP No. 552697104 | Page 11 of 16 |
(1) | Names of reporting persons
AP Fondo Secondaries II C.V. | |||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
(3) | SEC use only
| |||||
(4) | Source of funds (see instructions)
OO | |||||
(5) | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
(6) | Citizenship or place or organization
Netherlands |
Number of shares beneficially owned by each reporting person with:
| (7) | Sole voting power
0 | ||||
(8) | Shared voting power
0 | |||||
(9) | Sole dispositive power
0 | |||||
(10) | Shared dispositive power
0 |
(11) | Aggregate amount beneficially owned by each reporting person
0 | |||||
(12) | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
| |||||
(13) | Percent of class represented by amount in Row (11)
0 | |||||
(14) | Type of reporting person (see instructions)
LP |
CUSIP No. 552697104 | Page 12 of 16 |
(1) | Names of reporting persons
AlpInvest Partners B.V. | |||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
(3) | SEC use only
| |||||
(4) | Source of funds (see instructions)
OO | |||||
(5) | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
(6) | Citizenship or place or organization
Netherlands |
Number of shares beneficially owned by each reporting person with:
| (7) | Sole voting power
0 | ||||
(8) | Shared voting power
0 | |||||
(9) | Sole dispositive power
0 | |||||
(10) | Shared dispositive power
0 |
(11) | Aggregate amount beneficially owned by each reporting person
0 | |||||
(12) | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
| |||||
(13) | Percent of class represented by amount in Row (11)
0 | |||||
(14) | Type of reporting person (see instructions)
CO |
CUSIP No. 552697104 | Page 13 of 16 |
This Amendment No. 1 (the Amendment) amends and supplements the Schedule 13D filed by the Reporting Persons on May 10, 2023 ( the Original Schedule 13D and, as amended and supplemented by this Amendment, the Schedule 13D), with respect to the Common Stock of the Issuer. Capitalized terms used in this Amendment and not otherwise defined shall have the same meanings ascribed to them in the Original Schedule 13D.
Item 4. Purpose of Transaction.
This Amendment amends and restates the final two paragraphs of Item 4 of the Original Schedule 13D as follows:
On June 9, 2023, the AlpInvest Funds, Stagwell Blocker LLC, ASP Stagecoach I, L.P., ASP Stagecoach II, L.P., ASP Stagecoach III, L.P. and the Limited Partnership entered into a Class B Redemption Agreement (the Class B Redemption Agreement). Pursuant to the Class B Redemption Agreement, the Limited Partnership will, through a series of steps, acquire all direct and indirect interests of the AlpInvest Funds in the Limited Partnership for total consideration of $165,000,000. There are no conditions to closing of the Class B Redemption Agreement, which is expected to occur within ten business days of the date of that agreement.
Item 5. Interest in Securities of the Issuer.
This Amendment amends and restates Item 5 of the Original Schedule 13D in its entirety:
The information contained in rows 7, 8, 9, 10, 11 and 13 on each of the cover pages of this Schedule 13D and the information set forth or incorporated in Item 4 of this Schedule 13D is incorporated by reference in its entirety into this Item 5.
(a)(b) The Reporting Persons do not beneficially own any securities of the Issuer.
(c) Except as set forth in this Schedule 13D, none of the Reporting Persons nor, to the best knowledge of the Reporting Persons, without independent verification, any person named in Item 2 hereof, has effected any transaction in the shares of Class A Common Stock during the past 60 days.
(d) To the best knowledge of the Reporting Persons, no person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities beneficially owned by the Reporting Persons identified in this Item 5.
(e) June 9, 2023.
CUSIP No. 552697104 | Page 14 of 16 |
Signatures
After reasonable inquiry and to the best knowledge and belief of the undersigned, such person certifies that the information set forth in this Statement with respect to such person is true, complete and correct.
Date: June 13, 2023
AlpInvest Partners US Secondary Investments 2016 I C.V. | ||
By: AlpInvest Partners Secondary Investments 2016 I B.V., its general partner | ||
By: AlpInvest Partners B.V., its managing director | ||
By: | /s/ Marc Rademakers | |
Name: Marc Rademakers | ||
Title: Authorized Signatory | ||
By: | /s/ Marnix Mol | |
Name: Marnix Mol | ||
Titled: Authorized Signatory | ||
AlpInvest PEP Secondary 2017 C.V. | ||
By: AlpInvest PEP GP B.V., its general partner | ||
By: AlpInvest Partners B.V., its managing director | ||
By: | /s/ Marc Rademakers | |
Name: Marc Rademakers | ||
Title: Authorized Signatory | ||
By: | /s/ Marnix Mol | |
Name: Marnix Mol | ||
Titled: Authorized Signatory | ||
AlpInvest Secondaries Fund VI C.V. | ||
By: AlpInvest SF VI B.V., its general partner | ||
By: AlpInvest Partners B.V., its managing director | ||
By: | /s/ Marc Rademakers | |
Name: Marc Rademakers | ||
Title: Authorized Signatory | ||
By: | /s/ Marnix Mol | |
Name: Marnix Mol | ||
Titled: Authorized Signatory |
CUSIP No. 552697104 | Page 15 of 16 |
AlpInvest Secondaries Fund (Euro) VI C.V. | ||
By: AlpInvest SF VI B.V., its general partner | ||
By: AlpInvest Partners B.V., its managing director | ||
By: | /s/ Marc Rademakers | |
Name: Marc Rademakers | ||
Title: Authorized Signatory | ||
By: | /s/ Marnix Mol | |
Name: Marnix Mol | ||
Titled: Authorized Signatory | ||
GGG US Secondary 2017 C.V. | ||
By: AlpInvest GGG B.V., its general partner | ||
By: AlpInvest Partners B.V., its managing director | ||
By: | /s/ Marc Rademakers | |
Name: Marc Rademakers | ||
Title: Authorized Signatory | ||
By: | /s/ Marnix Mol | |
Name: Marnix Mol | ||
Titled: Authorized Signatory | ||
AlpInvest GA Secondary C.V. | ||
By: AlpInvest GA B.V., its general partner | ||
By: AlpInvest Partners B.V., its managing director | ||
By: | /s/ Marc Rademakers | |
Name: Marc Rademakers | ||
Title: Authorized Signatory | ||
By: | /s/ Marnix Mol | |
Name: Marnix Mol | ||
Titled: Authorized Signatory | ||
AG Secondary C.V. | ||
By: AlpInvest G GP, B.V., its general partner | ||
By: AlpInvest Partners B.V., its managing director | ||
By: | /s/ Marc Rademakers | |
Name: Marc Rademakers | ||
Title: Authorized Signatory |
CUSIP No. 552697104 | Page 16 of 16 |
By: | /s/ Marnix Mol | |
Name: Marnix Mol | ||
Titled: Authorized Signatory | ||
APSS Secondary C.V. | ||
By: AlpInvest PSS GP B.V., its general partner | ||
By: AlpInvest Partners B.V., its managing director | ||
By: | /s/ Marc Rademakers | |
Name: Marc Rademakers | ||
Title: Authorized Signatory | ||
By: | /s/ Marnix Mol | |
Name: Marnix Mol | ||
Titled: Authorized Signatory | ||
AJ Secondary C.V. | ||
By: AlpInvest J GP B.V., its general partner | ||
By: AlpInvest Partners B.V., its managing director | ||
By: | /s/ Marc Rademakers | |
Name: Marc Rademakers | ||
Title: Authorized Signatory | ||
By: | /s/ Marnix Mol | |
Name: Marnix Mol | ||
Titled: Authorized Signatory | ||
AP Fondo Secondaries II C.V. | ||
By: AlpInvest Fondo B.V., its general partner | ||
By: AlpInvest Partners B.V., its managing director | ||
By: | /s/ Marc Rademakers | |
Name: Marc Rademakers | ||
Title: Authorized Signatory | ||
By: | /s/ Marnix Mol | |
Name: Marnix Mol | ||
Titled: Authorized Signatory | ||
AlpInvest Partners B.V. | ||
By: | /s/ Marc Rademakers | |
Name: Marc Rademakers | ||
Title: Authorized Signatory | ||
By: | /s/ Marnix Mol | |
Name: Marnix Mol | ||
Titled: Authorized Signatory |