Viessmann Group Holds 10% Stake in Carrier Global

TL;DR

Viessmann Group now owns 10% of Carrier Global (45M shares) as of 11/15/24.

AI Summary

Viessmann Generations Group GmbH & Co. KG, along with its affiliates, has amended its Schedule 13D filing concerning Carrier Global Corporation. As of November 15, 2024, the group holds 10.0% of the outstanding shares of Carrier Global Corporation, amounting to 45,000,000 shares. This filing indicates a significant stake in the company, with the group's beneficial ownership being reported.

Why It Matters

This filing signifies a substantial ownership position by Viessmann Generations Group in Carrier Global, potentially influencing strategic decisions or future corporate actions.

Risk Assessment

Risk Level: medium — A 10% stake is a significant holding that could lead to activist investor behavior or influence strategic direction.

Key Numbers

• 45,000,000 — Shares Held (Beneficial ownership by Viessmann Generations Group)
• 10.0% — Ownership Percentage (Represents Viessmann Generations Group's stake in Carrier Global)

Key Players & Entities

• Viessmann Generations Group GmbH & Co. KG (company) — Filing entity
• Carrier Global Corporation (company) — Subject company
• 45,000,000 (dollar_amount) — Number of shares held
• 10.0% (dollar_amount) — Percentage of shares held
• 20241115 (date) — Filing date

FAQ

Key Financial Figures

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

Filing Documents

• dp220767_sc13da-3.htm (SC 13D/A) — 104KB
• dp220767_ex9910.htm (EX-99.10) — 66KB
• 0000950103-24-016344.txt ( ) — 172KB

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration.

of the Schedule 13D is hereby amended and supplemented by adding

Item 3 of the Schedule 13D is hereby amended and supplemented by adding the following paragraph at the end thereof: On November 14, 2024, Viessmann Group KG and Viessmann Holdco entered into the Contribution Agreement, pursuant to which Viessmann Group KG transferred an additional 5,860,896 shares of Common Stock to Viessmann HoldCo in the form of a contribution to the capital of Viessmann HoldCo.

: Interest in Securities of the Issuer

Item 5: Interest in Securities of the Issuer

(a)-(b) of the Schedule 13D is hereby

Item 5(a)-(b) of the Schedule 13D is hereby amended and supplemented as follows: (a)-(b) As of November 15, 2024, the Reporting Persons may be deemed to have beneficially owned an aggregate of 58,608,959 shares of Common Stock, representing approximately 6.53% of the total outstanding shares of Common Stock (such percentage is calculated based on 897,227,361 shares of Common Stock outstanding as of October 15, 2024 according to the Issuer’s quarterly report on Form 10-Q for the three and nine months ended September 30, 2024 filed with the SEC on October 25, 2024). As of November 15, 2024, Viessmann Group KG was the record and beneficial owner of 11,721,792 shares of Common Stock and Viessmann HoldCo was the record and beneficial owner of 46,887,167 shares of Common Stock. Each of Viessmann GP, as the sole general partner of Viessmann Group KG, Viessmann LP, as the managing limited partner of Viessmann Group KG, and Mr. Viessmann, as the director and controlling stockholder of each of Viessmann GP and Viessmann LP, may be deemed to be the beneficial owner of the shares of Common Stock held by each of Viessmann Group KG and Viessmann HoldCo. In addition, Viessmann Group KG, as the sole stockholder of Viessmann HoldCo, may be deemed to be the beneficial owner of the shares of Common Stock held by Viessmann HoldCo. 6

: Contracts, Arrangements, Understandings

Item 6: Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

of the Schedule 13D is hereby amended

Item 6 of the Schedule 13D is hereby amended and supplemented by adding the following paragraph at the end thereof: Contribution Agreement On November 14, 2024, Viessmann Group KG and Viessmann HoldCo entered into the Contribution Agreement, pursuant to which Viessmann Group KG transferred an additional 5,860,896 shares of Common Stock to Viessmann HoldCo in the form of a contribution to the capital of Viessmann HoldCo.

: Material to be Filed as Exhibits

Item 7: Material to be Filed as Exhibits

of the Schedule 13D is hereby amended

Item 7 of the Schedule 13D is hereby amended and restated in its entirety as follows: Exhibit 99.1 Joint Filing Agreement, dated as of November 13, 2024, by and among Viessmann Traeger HoldCo GmbH, Viessmann Generations Group GmbH & Co. KG, Viessmann Komplementär B.V., Viessmann Beteiligungs AG, Viessmann Zweite Beteiligungs B.V. and Maximilian Viessmann (incorporated by reference to Exhibit 99.1 to Amendment No. 2). Exhibit 99.2 Share Purchase Agreement, dated as of April 25, 2023, by and among Carrier Global Corporation, Blitz F23-620 GmbH (subsequently renamed Johann Purchaser GmbH) and Viessmann Group GmbH & Co. KG (incorporated by reference to Exhibit 99.2 to the Original Schedule 13D). Exhibit 99.3 Post-Closing Amendment to Share Purchase Agreement, dated as of January 2, 2024, by and among Carrier Global Corporation, Johann Purchaser GmbH and Viessmann Group GmbH & Co. KG. (incorporated by reference to Exhibit 99.3 to the Original Schedule 13D). Exhibit 99.4 Investor Rights Agreement, dated as of January 2, 2024, by and among Carrier Global Corporation and Viessmann Group GmbH & Co. KG (incorporated by reference to Exhibit 99.4 to the Original Schedule 13D). Exhibit 99.5 License Agreement, dated as of January 2, 2024, by and among Carrier Global Corporation, Viessmann Group GmbH & Co. KG and Carrier Innovative Technologies GmbH (incorporated by reference to Exhibit 99.5 to the Original Schedule 13D). Exhibit 99.6 Transitional Services Agreement, dated as of January 2, 2024, by and among Carrier Global Corporation, Viessmann Climate Solutions SE and Viessmann Group GmbH & Co. KG. (incorporated by reference to Exhibit 99.6 to the Original Schedule 13D). Exhibit 99.7 Limited Power of Attorney of Maximilian Viessmann, dated as of November 13, 2024 (incorporated by reference to Exhibit 99.7 to Amendment No. 2). Exhibit 99.8 Contribution Agreement, dated as of March 21, 2024, by and among Viessmann Group GmbH & Co. KG and Johanna 391 Ver

View Full Filing

View this SC 13D/A filing on SEC EDGAR