Filing Details

Accession Number:
0001193125-24-035712
Form Type:
13G Filing
Publication Date:
2024-02-13 19:00:00
Filed By:
Scooby Aggregator, Lp
Company:
Petco Health & Wellness Company Inc.
Filing Date:
2024-02-14
SEC Url:
13G 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 Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Scooby Aggregator 0 183,714,921 0 183,714,921 183,714,921 68.4%
Scooby Aggregator GP 0 183,714,921 0 183,714,921 183,714,921 68.4%
Scooby 0 183,714,921 0 183,714,921 183,714,921 68.4%
Scooby GP 0 183,714,921 0 183,714,921 183,714,921 68.4%
CVC Pet 0 75,494,759 0 75,494,759 75,494,759 30.7%
CVC Scooby Jersey GP Limited 0 75,494,759 0 75,494,759 75,494,759 30.7%
CVC Capital Partners VI Limited 0 75,494,759 0 75,494,759 75,494,759 30.7%
Filing

 

 

Securities and Exchange Commission

Washington, D.C. 20549

 

 

Schedule 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)*

 

 

Petco Health and Wellness Company, Inc.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

71601V105

(CUSIP Number)

December 31, 2023

(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)

☒ 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 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).

 

 

 


CUSIP No. 71601V105    Schedule 13G    Page 1 of 12

 

 1   

 Names of Reporting Persons

 

 Scooby Aggregator, LP

 2  

 Check the Appropriate Box if a Member of a Group

 (a) ☐  (b) ☐

 

 3  

 SEC Use Only

 

 4  

 Citizenship or Place of Organization

 

 Delaware

Number of

Shares

Beneficially 

Owned by

Each

Reporting

Person

With

   5   

 Sole Voting Power

 

 0

   6  

 Shared Voting Power

 

 183,714,921(1)

   7  

 Sole Dispositive Power

 

 0

   8  

 Shared Dispositive Power

 

 183,714,921(1)

 9   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 183,714,921(1)

10  

 Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 Not Applicable

11  

 Percent of Class Represented by Amount in Row 9

 

 68.4%(2)

12  

 Type of Reporting Person

 

 PN

 

(1)

This amount includes 37,790,781 shares of Class B-1 common stock, par value $0.001 per share (Class B-1 common stock), held directly by Scooby Aggregator, LP. Each share of Class B-1 common stock is convertible into one share of Class A common stock (as defined herein) at the option of the holder. As a condition to such conversion, the holder of the shares of Class B-1 common stock to be converted must direct a holder of Class B-2 common stock, par value $0.000001 per share (Class B-2 common stock), to transfer an equal number of shares to the Issuer.

(2)

Based on (x) a total of 230,697,818 shares of Class A common stock outstanding as of December 5, 2023, as disclosed in the issuers Form 10-Q filed with the Securities and Exchange Commission on December 7, 2023, plus (y) 37,790,781 shares of Class A common stock assuming conversion of 37,790,781 shares of Class B-1 common stock held directly by Scooby Aggregator, LP.


CUSIP No. 71601V105    Schedule 13G    Page 2 of 12

 

 1   

 Names of Reporting Persons

 

 Scooby Aggregator GP, LLC

 2  

 Check the Appropriate Box if a Member of a Group

 (a) ☐  (b) ☐

 

 3  

 SEC Use Only

 

 4  

 Citizenship or Place of Organization

 

 Delaware

Number of

Shares

Beneficially 

Owned by

Each

Reporting

Person

With

   5   

 Sole Voting Power

 

 0

   6  

 Shared Voting Power

 

 183,714,921(1)

   7  

 Sole Dispositive Power

 

 0

   8  

 Shared Dispositive Power

 

 183,714,921(1)

 9   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 183,714,921(1)

10  

 Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 Not Applicable

11  

 Percent of Class Represented by Amount in Row 9

 

 68.4%(2)

12  

 Type of Reporting Person

 

 OO

 

(1)

This amount includes 37,790,781 shares of Class B-1 common stock held directly by Scooby Aggregator, LP. Scooby Aggregator GP, LLC is the general partner of Scooby Aggregator, LP. Each share of Class B-1 common stock is convertible into one share of Class A common stock at the option of the holder. As a condition to such conversion, the holder of the shares of Class B-1 common stock to be converted must direct a holder of Class B-2 common stock to transfer an equal number of shares to the Issuer.

(2)

Based on (x) a total of 230,697,818 shares of Class A common stock outstanding as of December 5, 2023, as disclosed in the issuers Form 10-Q filed with the Securities and Exchange Commission on December 7, 2023, plus (y) 37,790,781 shares of Class A common stock assuming conversion of 37,790,781 shares of Class B-1 common stock held directly by Scooby Aggregator, LP.


CUSIP No. 71601V105    Schedule 13G    Page 3 of 12

 

 1   

 Names of Reporting Persons

 

 Scooby LP

 2  

 Check the Appropriate Box if a Member of a Group

 (a) ☐  (b) ☐

 

 3  

 SEC Use Only

 

 4  

 Citizenship or Place of Organization

 

 Delaware

Number of

Shares

Beneficially 

Owned by

Each

Reporting

Person

With

   5   

 Sole Voting Power

 

 0

   6  

 Shared Voting Power

 

 183,714,921(1)

   7  

 Sole Dispositive Power

 

 0

   8  

 Shared Dispositive Power

 

 183,714,921(1)

 9   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 183,714,921(1)

10  

 Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 Not Applicable

11  

 Percent of Class Represented by Amount in Row 9

 

 68.4%(2)

12  

 Type of Reporting Person

 

 PN

 

(1)

This amount includes 37,790,781 shares of Class B-1 common stock held directly by Scooby Aggregator, LP. Scooby LP is the sole member of Scooby Aggregator GP, LLC, a member-managed limited liability company and the general partner of Scooby Aggregator, LP. Each share of Class B-1 common stock is convertible into one share of Class A common stock at the option of the holder. As a condition to such conversion, the holder of the shares of Class B-1 common stock to be converted must direct a holder of Class B-2 common stock to transfer an equal number of shares to the Issuer.

(2)

Based on (x) a total of 230,697,818 shares of Class A common stock outstanding as of December 5, 2023, as disclosed in the issuers Form 10-Q filed with the Securities and Exchange Commission on December 7, 2023, plus (y) 37,790,781 shares of Class A common stock assuming conversion of 37,790,781 shares of Class B-1 common stock held directly by Scooby Aggregator, LP.


CUSIP No. 71601V105    Schedule 13G    Page 4 of 12

 

 1   

 Names of Reporting Persons

 

 Scooby GP LLC

 2  

 Check the Appropriate Box if a Member of a Group

 (a) ☐  (b) ☐

 

 3  

 SEC Use Only

 

 4  

 Citizenship or Place of Organization

 

 Delaware

Number of

Shares

Beneficially 

Owned by

Each

Reporting

Person

With

   5   

 Sole Voting Power

 

 0

   6  

 Shared Voting Power

 

 183,714,921(1)

   7  

 Sole Dispositive Power

 

 0

   8  

 Shared Dispositive Power

 

 183,714,921(1)

 9   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 183,714,921(1)

10  

 Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 Not Applicable

11  

 Percent of Class Represented by Amount in Row 9

 

 68.4%(2)

12  

 Type of Reporting Person

 

 OO

 

(1)

This amount includes 37,790,781 shares of Class B-1 common stock held directly by Scooby Aggregator, LP. The general partner of Scooby Aggregator, LP is Scooby Aggregator GP, LLC, a member-managed limited liability company, whose sole member is Scooby LP. Scooby GP LLC is the general partner of Scooby LP. Each share of Class B-1 common stock is convertible into one share of Class A common stock at the option of the holder. As a condition to such conversion, the holder of the shares of Class B-1 common stock to be converted must direct a holder of Class B-2 common stock to transfer an equal number of shares to the Issuer.

(2)

Based on (x) a total of 230,697,818 shares of Class A common stock outstanding as of December 5, 2023, as disclosed in the issuers Form 10-Q filed with the Securities and Exchange Commission on December 7, 2023, plus (y) 37,790,781 shares of Class A common stock assuming conversion of 37,790,781 shares of Class B-1 common stock held directly by Scooby Aggregator, LP.


CUSIP No. 71601V105    Schedule 13G    Page 5 of 12

 

 1   

 Names of Reporting Persons

 

 CVC Pet LP

 2  

 Check the Appropriate Box if a Member of a Group

 (a) ☐  (b) ☐

 

 3  

 SEC Use Only

 

 4  

 Citizenship or Place of Organization

 

 Delaware

Number of

Shares

Beneficially 

Owned by

Each

Reporting

Person

With

   5   

 Sole Voting Power

 

 0

   6  

 Shared Voting Power

 

 75,494,759(1)

   7  

 Sole Dispositive Power

 

 0

   8  

 Shared Dispositive Power

 

 75,494,759(1)

 9   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 75,494,759(1)

10  

 Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 Not Applicable

11  

 Percent of Class Represented by Amount in Row 9

 

 30.7%(2)

12  

 Type of Reporting Person

 

 PN

 

(1)

This amount includes 15,529,527 of 37,790,781 shares of Class B-1 common stock held directly by Scooby Aggregator, LP, reflecting CVC Pet LPs proportional interest in the securities held directly by Scooby Aggregator, LP. The general partner of Scooby Aggregator, LP is Scooby Aggregator GP, LLC, a member-managed limited liability company whose sole member is Scooby LP. The general partner of Scooby LP is Scooby GP LLC, a member-managed limited liability company whose sole members are CVC Pet LP and Canada Pension Plan Investment Board (CPP Investments). Both CVC Pet LP and CPP Investments have material consent rights with respect to the actions of Scooby GP LLC. Each share of Class B-1 common stock is convertible into one share of Class A common stock at the option of the holder. As a condition to such conversion, the holder of the shares of Class B-1 common stock to be converted must direct a holder of Class B-2 common stock to transfer an equal number of shares to the Issuer.

(2)

Based on (x) a total of 230,697,818 shares of Class A common stock outstanding as of December 5, 2023, as disclosed in the issuers Form 10-Q filed with the Securities and Exchange Commission on December 7, 2023, plus (y) 15,529,527 shares of Class A common stock assuming conversion of 15,529,527 of 37,790,781 shares of Class B-1 common stock held directly by Scooby Aggregator, LP, reflecting CVC Pet LPs proportional interest in the securities held directly by Scooby Aggregator, LP.


CUSIP No. 71601V105    Schedule 13G    Page 6 of 12

 

 1   

 Names of Reporting Persons

 

 CVC Scooby Jersey GP Limited

 2  

 Check the Appropriate Box if a Member of a Group

 (a) ☐  (b) ☐

 

 3  

 SEC Use Only

 

 4  

 Citizenship or Place of Organization

 

 Jersey (Channel Islands)

Number of

Shares

Beneficially 

Owned by

Each

Reporting

Person

With

   5   

 Sole Voting Power

 

 0

   6  

 Shared Voting Power

 

 75,494,759(1)

   7  

 Sole Dispositive Power

 

 0

   8  

 Shared Dispositive Power

 

 75,494,759(1)

 9   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 75,494,759(1)

10  

 Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 Not Applicable

11  

 Percent of Class Represented by Amount in Row 9

 

 30.7%(2)

12  

 Type of Reporting Person

 

 PN

 

(1)

This amount includes 15,529,527 shares of Class B-1 common stock held directly by Scooby Aggregator, LP, reflecting CVC Scooby Jersey GP Limiteds proportional interest in the securities held directly by Scooby Aggregator, LP. The general partner of Scooby Aggregator, LP is Scooby Aggregator GP, LLC, a member-managed limited liability company whose sole member is Scooby LP. The general partner of Scooby LP is Scooby GP LLC, a member-managed limited liability company whose sole members are CVC Pet LP and CPP Investments. Both CVC Pet LP and CPP Investments have material consent rights with respect to the actions of Scooby GP LLC. Investment and voting power with regard to shares directly held by CVC Pet LP rests with the board of directors of its general partner, CVC Scooby Jersey GP Limited. Each share of Class B-1 common stock is convertible into one share of Class A common stock at the option of the holder. As a condition to such conversion, the holder of the shares of Class B-1 common stock to be converted must direct a holder of Class B-2 common stock to transfer an equal number of shares to the Issuer.

(2)

Based on (x) a total of 230,697,818 shares of Class A common stock outstanding as of December 5, 2023, as disclosed in the issuers Form 10-Q filed with the Securities and Exchange Commission on December 7, 2023, plus (y) 15,529,527 shares of Class A common stock assuming conversion of 15,529,527 of 37,790,781 shares of Class B-1 common stock held directly by Scooby Aggregator, LP, reflecting CVC Scooby Jersey GP Limiteds proportional interest in the securities held directly by Scooby Aggregator, LP.


CUSIP No. 71601V105    Schedule 13G    Page 7 of 12

 

 1   

 Names of Reporting Persons

 

 CVC Capital Partners VI Limited

 2  

 Check the Appropriate Box if a Member of a Group

 (a) ☐  (b) ☐

 

 3  

 SEC Use Only

 

 4  

 Citizenship or Place of Organization

 

 Jersey (Channel Islands)

Number of

Shares

Beneficially 

Owned by

Each

Reporting

Person

With

   5   

 Sole Voting Power

 

 0

   6  

 Shared Voting Power

 

 75,494,759(1)

   7  

 Sole Dispositive Power

 

 0

   8  

 Shared Dispositive Power

 

 75,494,759(1)

 9   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 75,494,759(1)

10  

 Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 Not Applicable

11  

 Percent of Class Represented by Amount in Row 9

 

 30.7%(2)

12  

 Type of Reporting Person

 

 PN

 

(1)

This amount includes 15,529,527 shares of Class B-1 common stock held directly by Scooby Aggregator, LP, reflecting CVC Capital Partners VI Limiteds proportional interest in the securities held directly by Scooby Aggregator, LP. The general partner of Scooby Aggregator, LP is Scooby Aggregator GP, LLC, a member-managed limited liability company whose sole member is Scooby LP. The general partner of Scooby LP is Scooby GP LLC, a member-managed limited liability company whose sole members are CVC Pet LP and CPP Investments. Both CVC Pet LP and CPP Investments have material consent rights with respect to the actions of Scooby GP LLC. Investment and voting power with regard to shares directly held by CVC Pet LP rests with the board of directors of its general partner, CVC Scooby Jersey GP Limited. Certain investment funds managed by CVC Capital Partners VI Limited wholly own CVC Scooby Jersey GP Limited, and investment and voting power with regard to the shares held by such funds rests with the board of directors of CVC Capital Partners VI Limited. Each share of Class B-1 common stock is convertible into one share of Class A common stock at the option of the holder. As a condition to such conversion, the holder of the shares of Class B-1 common stock to be converted must direct a holder of Class B-2 common stock to transfer an equal number of shares to the Issuer.

(2)

Based on (x) a total of 230,697,818 shares of Class A common stock outstanding as of December 5, 2023, as disclosed in the issuers Form 10-Q filed with the Securities and Exchange Commission on December 7, 2023, plus (y) 15,529,527 shares of Class A common stock assuming conversion of 15,529,527 of 37,790,781 shares of Class B-1 common stock held directly by Scooby Aggregator, LP, reflecting CVC Capital Partners VI Limiteds proportional interest in the securities held directly by Scooby Aggregator, LP.


CUSIP No. 71601V105    Schedule 13G    Page 8 of 12

 

ITEM 1. (a) Name of Issuer:

Petco Health and Wellness Company, Inc.

(b) Address of Issuers Principal Executive Offices:

10850 Via Frontera, San Diego, CA 92127

ITEM 2. (a) Name of Person Filing:

Each of the following is hereinafter individually referred to as a Reporting Person and collectively as the Reporting Persons. This statement is filed on behalf of:

Scooby Aggregator, LP;

Scooby Aggregator GP, LLC;

Scooby LP;

Scooby GP LLC;

CVC Pet LP;

CVC Scooby Jersey GP Limited; and

CVC Capital Partners VI Limited.

(b) Address or Principal Business Office:

The address of Scooby Aggregator, LP, Scooby Aggregator GP, LLC, Scooby LP, Scooby GP LLC and CVC Pet LP is c/o CVC Capital Partners, 39 Mesa Street, Suite 212, San Francisco, CA 94129. The address of CVC Scooby Jersey GP Limited and CVC Capital Partners VI Limited is 27 Esplanade, St Helier, Jersey JE1 1SG, Channel Islands.

(c) Citizenship of each Reporting Person is:

Scooby Aggregator, LP, Scooby Aggregator GP, LLC, Scooby LP, Scooby GP LLC and CVC Pet LP are organized under the laws of the State of Delaware. CVC Scooby Jersey GP Limited and CVC Capital Partners VI Limited are organized under the laws of the Channel Islands.

(d) Title of Class of Securities:

Class A common stock, par value $0.001 per share (Class A common stock).

(e) CUSIP Number:

71601V105

ITEM 3.

Not applicable.


CUSIP No. 71601V105    Schedule 13G    Page 9 of 12

 

ITEM 4. Ownership.

(a-c)

The ownership information presented below represents beneficial ownership of Class A common stock of the Issuer as of February 14, 2024, based upon 230,697,818 shares of Class A common stock outstanding as of December 5, 2023, plus the number of shares of Class A common stock issuable upon conversion of the shares of Class B-1 common stock beneficially owned by the Reporting Person.

 

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:

 

Scooby Aggregator, LP

     183,714,921        68.4     0        183,714,921        0        183,714,921  

Scooby Aggregator GP, LLC

     183,714,921        68.4     0        183,714,921        0        183,714,921  

Scooby LP

     183,714,921        68.4     0        183,714,921        0        183,714,921  

Scooby GP LLC

     183,714,921        68.4     0        183,714,921        0        183,714,921  

CVC Pet LP

     75,494,759        30.7     0        75,494,759        0        75,494,759  

CVC Scooby Jersey GP Limited

     75,494,759        30.7     0        75,494,759        0        75,494,759  

CVC Capital Partners VI Limited

     75,494,759        30.7     0        75,494,759        0        75,494,759  

Scooby Aggregator, LP is the record holder of the shares of Class A common stock reported herein. The general partner of Scooby Aggregator, LP is Scooby Aggregator GP, LLC, a member-managed limited liability company whose sole member is Scooby LP. The general partner of Scooby LP is Scooby GP LLC, a member-managed limited liability company whose sole members are CVC Pet LP and CPP Investments. Both CVC Pet LP and CPP Investments have material consent rights with respect to the actions of Scooby GP LLC. CVC Pet LP holds common and preferred securities in Scooby LP of which the preferred securities are non-voting securities. The number of shares of Class A common stock set forth herein for CVC Pet LP, CVC Scooby Jersey GP Limited and CVC Capital Partners VI Limited reflect such reporting persons proportional interest in the securities held directly by Scooby Aggregator, LP based on such reporting persons proportional interest in the common securities of Scooby LP.

Investment and voting power with regard to shares directly held by CVC Pet LP rests with the board of directors of its general partner, CVC Scooby Jersey GP Limited. Certain investment funds managed by CVC Capital Partners VI Limited wholly own CVC Scooby Jersey GP Limited, and investment and voting power with regard to the shares held by such funds rests with the board of directors of CVC Capital Partners VI Limited, which board consists of Carl Hansen, Victoria Cabot, John Maxey, and Jon Wrigley, each of whose address is c/o CVC Capital Partners VI Limited, 27 Esplanade, St Helier, Jersey JE1 1SG, Channel Islands. Each of these individuals may be deemed to indirectly share voting and/or investment power over the shares held of record by Scooby Aggregator, LP. The approval of a majority of such directors is required to make any investment or voting decision with regard to any shares beneficially owned by CVC Pet LP, and as such, each such individual disclaims beneficial ownership of such shares.

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.

Not applicable.

ITEM 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.


CUSIP No. 71601V105    Schedule 13G    Page 10 of 12

 

ITEM 8. Identification and Classification of Members of the Group.

Not applicable.

ITEM 9. Notice of Dissolution of Group.

Not applicable.

ITEM 10. Certification.

Not applicable.


CUSIP No. 71601V105    Schedule 13G    Page 11 of 12

 

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.

Date: February 14, 2024

 

Scooby Aggregator, LP
By:   Scooby Aggregator GP, LLC, its general partner
By:  

/s/ Cameron Breitner

Name:   Cameron Breitner
Title:   Authorized Signatory
Scooby Aggregator GP, LLC
By:   Scooby LP, its sole member
By:  

/s/ Cameron Breitner

Name:   Cameron Breitner
Title:   Authorized Signatory
Scooby LP
By:   Scooby GP LLC, its general partner
By:  

/s/ Cameron Breitner

Name:   Cameron Breitner
Title:   Authorized Signatory
Scooby GP LLC
By:  

/s/ Cameron Breitner

Name:   Cameron Breitner
Title:   Authorized Signatory
CVC Pet LP
By:   CVC Scooby Jersey GP Limited, its general partner
By:  

/s/ Jean-Claude Bonfrer

Name:   Jean-Claude Bonfrer
Title:   Authorized Signatory
CVC Scooby Jersey GP Limited
By:  

/s/ Jean-Claude Bonfrer

Name:   Jean-Claude Bonfrer
Title:   Director
CVC Capital Partners VI Limited
By:  

/s/ Carl Hansen

Name:   Carl Hansen
Title:   Director

CUSIP No. 71601V105    Schedule 13G    Page 12 of 12

 

LIST OF EXHIBITS

 

Exhibit No.    Description
99    Joint Filing Agreement (incorporated by reference to Exhibit 99.1 of the Reporting Persons Schedule 13G filed with the SEC on February 10, 2022).