OEP SKNA, L.P. Amends 13G/A, Signals Reduced ALGM Stake

TL;DR

**OEP SKNA, L.P. is out of Allegro Microsystems, Inc. (ALGM), watch for price impact.**

AI Summary

OEP SKNA, L.P. filed an amended Schedule 13G/A on January 30, 2024, indicating a change in their beneficial ownership of Allegro Microsystems, Inc. common stock as of December 31, 2023. This filing, an Amendment No. 2, signifies that OEP SKNA, L.P. is no longer reporting a significant beneficial ownership stake in Allegro Microsystems, Inc. This matters to investors because it suggests a major institutional holder has reduced or exited its position, which could impact stock liquidity and investor sentiment for Allegro Microsystems, Inc. (ALGM).

Why It Matters

A significant institutional investor, OEP SKNA, L.P., has likely reduced its stake in Allegro Microsystems, Inc., which could be interpreted by the market as a lack of confidence or a portfolio rebalancing, potentially affecting the stock price.

Risk Assessment

Risk Level: medium — The reduction or exit of a major institutional holder can create selling pressure or signal underlying concerns, posing a medium risk to current or prospective investors.

Analyst Insight

A smart investor would monitor Allegro Microsystems, Inc.'s stock performance closely for any downward pressure and research the reasons behind OEP SKNA, L.P.'s decision to reduce its stake, potentially looking for other institutional ownership changes in upcoming filings.

Key Numbers

• 005-92108 — SEC File Number (identifies Allegro Microsystems, Inc.'s registration with the SEC)
• 01749D105 — CUSIP Number (unique identifier for Allegro Microsystems, Inc. common stock)
• December 31, 2023 — Date of Event (the date as of which the beneficial ownership change occurred)
• January 30, 2024 — Filing Date (the date the amended Schedule 13G/A was filed with the SEC)
• Amendment No. 2 — Amendment Number (indicates this is the second amendment to the original Schedule 13G filing)

Key Players & Entities

• OEP SKNA, L.P. (company) — the reporting person filing the SC 13G/A
• Allegro Microsystems, Inc. (company) — the subject company whose securities are being reported
• OEP SKNA GP, LLC (company) — a group member associated with the reporting person
• OEP VI GENERAL PARTNER, L.P. (company) — a group member associated with the reporting person
• OEP VI GP, LTD. (company) — a group member associated with the reporting person

Forward-Looking Statements

• Allegro Microsystems, Inc. (ALGM) stock may experience short-term volatility due to the perceived lack of institutional support. (Allegro Microsystems, Inc.) — medium confidence, target: Q1 2024
• Other institutional investors might re-evaluate their positions in ALGM following OEP SKNA, L.P.'s reduced stake. (Institutional Investors) — low confidence, target: Q2 2024

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securitie

Filing Documents

• dp205634_sc13ga-2.htm (SC 13G/A) — 61KB
• 0000950103-24-001379.txt ( ) — 62KB

(a) Name of Issuer

ITEM 1. (a) Name of Issuer: Allegro MicroSystems, Inc. (the “Issuer”). (b) Address of Issuer’s Principal Executive Offices: 955 Perimeter Road, Manchester, New Hampshire 03103.

(a) Name of Person Filing

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: OEP SKNA, L.P.; OEP VI GP, Ltd.; OEP VI General Partner, L.P.; and OEP SKNA GP, LLC. (b) Address or Principal Business Office: The principal business address of the Reporting Persons is c/o One Equity Partners, 510 Madison Avenue, 19th Floor, New York, New York 10022. (c) Citizenship of each Reporting Person is: OEP SKNA GP, LLC is organized under the laws of the State of Delaware. Each of the other Reporting Persons are organized under the laws of the Cayman Islands. (d) Title of Class of Securities: Common Stock, par value $0.01 per share (“Common Stock”). (e) CUSIP Number: 01749D105 ITEM 3. Not applicable.

Ownership

ITEM 4. Ownership. (a-c) 6 The ownership information below represents beneficial 1, 2023 based on the quarterly report on Form 10-Q filed with the Securities and Exchange Commission on November 6, 2023. 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: OEP SKNA, L.P. 12,649,247 6.6 % 0 12,649,247 0 12,649,247 OEP VI GP, Ltd. 12,649,247 6.6 % 0 12,649,247 0 12,649,247 OEP VI General Partner, L.P. 12,649,247 6.6 % 0 12,649,247 0 12,649,247 OEP SKNA GP, LLC 12,649,247 6.6 % 0 12,649,247 0 12,649,247 OEP SKNA, L.P. is the record holder of the shares of Common Stock reported herein. OEP VI GP, Ltd. is the general partner of OEP VI General Partner, L.P., which is the managing member of OEP SKNA GP, LLC, which in tum is the general partner of OEP SKNA, L.P. Richard Cashin, James B. Cherry, Gregory Belinfanti, Paul Carl (Chip) Schorr IV, and Jamie Koven are the members of OEP VI GP. As a result, each of the foregoing entities and individuals may be deemed to share beneficial ownership of the securities held by OEP SKNA, L.P. Each of the foregoing individuals disclaims any such beneficial

Ownership of Five Percent or Less of a Class

ITEM 5. Ownership of Five Percent or Less of a Class. Not applicable.

Ownership of More than Five Percent on Behalf of Another Person

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.

Identification and Classification of Members of the Group

ITEM 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution of Group

ITEM 9. Notice of Dissolution of Group. Not applicable.

Certification

ITEM 10. Certification. Not applicable. 7 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: January 30, 2024 OEP VI SKNA, L.P. By: OEP VI GP, Ltd. its general partner By: /s/ Richard Cashin Name:Richard Cashin Title:Director OEP VI GP, Ltd. By: /s/ Richard Cashin Name:Richard Cashin Title:Director OEP VI General Partner, L.P. By: OEP VI GP, Ltd., its general partner By: /s/ Richard Cashin Name:Richard Cashin Title:Director OEP SKNA GP, LLC By: OEP VI GP, Ltd., its general partner By: /s/ Richard Cashin Name:Richard Cashin Title:Director 8 LIST OF EXHIBITS Exhibit No. Description 99 Joint Filing

View Full Filing

View this SC 13G/A filing on SEC EDGAR