SCF GP LLC Discloses Passive Stake in Forum Energy Technologies

TL;DR

**SCF GP LLC just bought a chunk of Forum Energy Technologies, but it's a passive play.**

AI Summary

SCF GP LLC, through its group members including Variperm Energy Services Partnership, filed an SC 13G on January 12, 2024, indicating a passive ownership stake in Forum Energy Technologies, Inc. This filing, triggered by an event on January 4, 2024, signals that SCF GP LLC now holds a significant, but non-controlling, position in the oil and gas machinery company. For current or prospective shareholders, this means a major institutional investor sees value in Forum Energy Technologies, potentially boosting confidence, but without any immediate strategic changes or activist intentions.

Why It Matters

This filing reveals a new significant investor, SCF GP LLC, in Forum Energy Technologies, which can be a positive signal of institutional confidence in the company's future.

Risk Assessment

Risk Level: low — This is a passive filing, indicating no immediate intent to influence company management, thus posing low risk to current operations.

Analyst Insight

Investors should note the entry of a new institutional investor, SCF GP LLC, as a potential vote of confidence, but recognize that this is a passive stake, meaning no immediate strategic changes are expected. Further research into SCF GP LLC's investment history might provide additional context.

Key Players & Entities

• SCF GP LLC (company) — the entity filing the SC 13G
• FORUM ENERGY TECHNOLOGIES, INC. (company) — the subject company whose shares are being reported
• Variperm Energy Services Partnership (company) — a group member of SCF GP LLC
• SCF-VIII, L.P. (company) — a group member of SCF GP LLC
• SCF-VIII-G.P., LIMITED PARTNERSHIP (company) — a group member of SCF GP LLC
• January 4, 2024 (date) — date of event requiring the filing
• January 12, 2024 (date) — date the filing was made

FAQ

Key Financial Figures

• $0.01 — f common stock of the Issuer, par value $0.01 per share (Common Stock), including the

Filing Documents

• d687923dsc13g.htm (SC 13G) — 84KB
• 0001193125-24-007569.txt ( ) — 86KB

(a)

Item 1(a). NAME OF ISSUER Forum Energy Technologies, Inc. (the Issuer).

(b)

Item 1(b). ADDRESS OF ISSUERS PRINCIPAL EXECUTIVE OFFICES 10344 Sam Houston Park Drive, Suite 300 Houston TX, 77064

(a)

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: (i) SCF GP LLC, a Delaware limited liability company (SCF LLC), with respect to the shares of Common Stock indirectly owned by SCF-VIII-G.P., Limited Partnership, a Delaware limited partnership (SCF GP); (ii) SCF GP, with respect to shares indirectly owned by SCF-VIII, L.P., a Delaware limited partnership (SCF LP); (iii) SCF LP, with respect to shares directly owned by Variperm Energy Services Partnership, an Alberta general partnership (VES Partnership); and (iv) VES Partnership, with respect to shares directly owned by it.

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE The address of the principal business office of each of the Reporting Persons is: 600 Travis Street, Suite #6600 Houston, Texas 77002

(c)

Item 2(c). CITIZENSHIP (i) SCF LLC is a limited liability company organized under the laws of the State of Delaware. (ii) SCF GP is a limited partnership organized under the laws of the State of Delaware; (iii) SCF LP is a limited partnership organized under the laws of the State of Delaware; and (iv) VES Partnership is a general partnership organized under the laws of Alberta, Canada.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES Common Stock, par value $0.01 per share.

(e)

Item 2(e). CUSIP NUMBER The CUSIP number of the Common Stock is 34984V209. Item 3. IF THIS STATEMENT IS FILED PURSUANT TO Rules 13d-1(b), OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: Not applicable. 5 Item 4. The information required by Items 4(a) (c) is set forth in Rows (5) (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. 1,034,343 shares of Common Stock reported herein are directly held by VES Partnership, which is managed by its board of directors (the Board). SCF LP is a partner of VES Partnership and as a result of its equity ownership in VES Partnership, has the power to appoint over 50% of the Board. SCF GP is the sole general partner of SCF LP and SCF LLC is the sole general partner of SCF GP. Each of SCF LP, SCF GP and SCF LLC may therefore be deemed to share voting and dispositive power over the securities held by VES Partnership and may also be deemed to be the beneficial owners of such securities. The Reporting Persons disclaim beneficial ownership of such securities, including in the Common Stock reported herein, in excess of their respective pecuniary interest in the securities. Information with respect to each Reporting Person is given solely by such Reporting Person, and no Reporting Person assumes responsibility for the accuracy or completeness of the information furnished by another Reporting Person. Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934, as amended (the Exchange Act), the Reporting Persons expressly declare that the filing of this schedule shall not be construed as an admission that any such person is, for the purposes of Section 13(d) and/or Section 13(g) of the Exchange Act or otherwise, the beneficial owner of any securities covered by this schedule held by any other person, and such beneficial ownership is expressly disclaimed. The percentages used in this Schedule 13G are calculated based upon t

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his, her or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. DATE: January 12, 2024 VARIPERM ENERGY SERVICES PARTNERSHIP /s/ Deviyani Misra-Godwin Name: Deviyani Misra-Godwin Title: Director SCF-VIII, L.P. /s/ Anthony DeLuca Name: Anthony DeLuca Title: Managing Director SCF-VIII-G.P., Limited Partnership /s/ Anthony DeLuca Name: Anthony DeLuca Title: Managing Director SCF GP LLC /s/ Anthony DeLuca Name: Anthony DeLuca Title: Managing Director 7

View Full Filing

View this SC 13G filing on SEC EDGAR