KKR Group Adjusts Stake in BrightSpring Health Services

TL;DR

**KKR group just filed a 13D on BrightSpring Health Services. Big ownership change incoming.**

AI Summary

On September 18, 2024, KKR Phoenix Aggregator L.P., along with affiliated entities and individuals including George R. Roberts and Henry R. Kravis, reported a change in beneficial ownership of BrightSpring Health Services, Inc. The filing indicates a shift in control or significant stake, though specific dollar amounts and exact percentage changes are not detailed in this excerpt.

Why It Matters

This filing signals a potential shift in the ownership structure of BrightSpring Health Services, which could impact its strategic direction and market position.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership by major investment firms can indicate strategic shifts or potential future transactions, introducing uncertainty.

Key Players & Entities

• KKR Phoenix Aggregator L.P. (company) — Filing entity
• BrightSpring Health Services, Inc. (company) — Subject company
• George R. Roberts (person) — Group member
• Henry R. Kravis (person) — Group member
• KKR & CO. INC. (company) — Group member

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securitie
• $100 — ggregator L.P. at an effective price of $100 per share. Immediately following the Is
• $6.37 — f Common Stock at an effective price of $6.37 per share, representing an aggregate be
• $11.13 — 98 shares of Common Stock at a price of $11.13 per share from Walgreen Co. in a privat
• $129,330,577.74 — sale for an aggregate purchase price of $129,330,577.74 (the " Investment "). The source of fun

Filing Documents

• ef20036003_sc13d.htm (SC 13D) — 397KB
• ef20063003_ex-a.htm (EX-99.A) — 26KB
• ef20063003_ex-b.htm (EX-99.B) — 7KB
• 0001140361-24-041401.txt ( ) — 432KB

From the Filing

SC 13D 1 ef20036003_sc13d.htm SC 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. )* BrightSpring Health Services, Inc. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 10950 A106 (CUSIP Number) Christopher Lee, Esq. Kohlberg Kravis Roberts & Co. L.P. 30 Hudson Yards New York, NY 10001 (212) 750-8300 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 11, 2024 (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 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 Rule 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 person's 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. 10950 A106 13D 1 NAMES OF REPORTING PERSONS KKR Phoenix Aggregator L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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 92,959,984 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 92,959,984 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 92,959,984 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 54.2% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN 2 CUSIP No. 10950 A106 13D 1 NAMES OF REPORTING PERSONS KKR Phoenix Aggregator GP LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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 92,959,984 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 92,959,984 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 92,959,984 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 54.2% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO 3 CUSIP No. 10950 A106 13D 1 NAMES OF REPORTING PERSONS KKR Americas Fund XII L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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 92,959,984 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 92,959,984 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 92,959,984 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 54.2% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN 4 CUSIP No. 10950 A106 13D 1 NAMES OF REPORTING PERSONS KKR Associates Americas XII L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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 92,959,984 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 92,959,984 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 92,959,984 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 54.

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View this SC 13D filing on SEC EDGAR