Goldman Sachs Group Files SC 13D/A for Stagwell Inc.
Ticker: GSCE · Form: SC 13D/A · Filed: Jun 17, 2024 · CIK: 886982
| Field | Detail |
|---|---|
| Company | Goldman Sachs Group INC (GSCE) |
| Form Type | SC 13D/A |
| Filed Date | Jun 17, 2024 |
| Risk Level | medium |
| Pages | 10 |
| Reading Time | 12 min |
| Key Dollar Amounts | $6.34, $25,360,000.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, investment-group
Related Tickers: STGW
TL;DR
GS filing SC 13D/A for STGW, ownership change details inside.
AI Summary
On June 17, 2024, Goldman Sachs Group Inc. filed an SC 13D/A, indicating a change in its beneficial ownership of Stagwell Inc. The filing lists several group members, including BRIDGE STREET OPPORTUNITY ADVISORS, L.L.C., BROAD STREET PRINCIPAL INVESTMENTS, L.L.C., GOLDMAN SACHS & CO. LLC, STONEBRIDGE 2017 OFFSHORE, L.P., and STONEBRIDGE 2017, L.P. The filing pertains to Stagwell Inc., an advertising agency based in New York.
Why It Matters
This filing signals a potential shift in the ownership structure or investment strategy concerning Stagwell Inc., which could impact its stock performance and strategic direction.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership filings can indicate significant investor activity, potentially leading to price volatility or strategic shifts in the subject company.
Key Players & Entities
- Goldman Sachs Group Inc. (company) — Filer of the SC 13D/A
- Stagwell Inc (company) — Subject company of the filing
- BRIDGE STREET OPPORTUNITY ADVISORS, L.L.C. (company) — Group member of the filer
- BROAD STREET PRINCIPAL INVESTMENTS, L.L.C. (company) — Group member of the filer
- GOLDMAN SACHS & CO. LLC (company) — Group member of the filer
- STONEBRIDGE 2017 OFFSHORE, L.P. (company) — Group member of the filer
- STONEBRIDGE 2017, L.P. (company) — Group member of the filer
FAQ
What specific change in beneficial ownership is reported by Goldman Sachs Group Inc. for Stagwell Inc.?
The filing is an SC 13D/A, which indicates a change in beneficial ownership, but the specific details of the change (e.g., percentage increase/decrease, number of shares) are not provided in the header information.
When was this SC 13D/A filing submitted?
The filing was submitted on June 17, 2024.
What is the primary business of Stagwell Inc.?
Stagwell Inc. is in the Services-Advertising Agencies industry, with SIC code 7311.
What are the listed group members associated with Goldman Sachs Group Inc. in this filing?
The listed group members are BRIDGE STREET OPPORTUNITY ADVISORS, L.L.C., BROAD STREET PRINCIPAL INVESTMENTS, L.L.C., GOLDMAN SACHS & CO. LLC, STONEBRIDGE 2017 OFFSHORE, L.P., and STONEBRIDGE 2017, L.P.
What is the business address of Goldman Sachs Group Inc.?
The business address of Goldman Sachs Group Inc. is 200 West Street, New York, NY 10282.
Filing Stats: 2,999 words · 12 min read · ~10 pages · Grade level 9.7 · Accepted 2024-06-17 21:00:27
Key Financial Figures
- $6.34 — ass A Shares respectively at a price of $6.34 per share, for an aggregate purchase pr
- $25,360,000.00 — are, for an aggregate purchase price of $25,360,000.00. Except as otherwise set forth herein
Filing Documents
- d117595dsc13da.htm (SC 13D/A) — 125KB
- d117595dex999.htm (EX-99.9) — 27KB
- 0001193125-24-162829.txt ( ) — 154KB
Identity and Background
Item 2. Identity and Background. This Amendment amends Item 2 of the Original Schedule 13D by replacing in their entirety Schedules I, II-A, and II-B, incorporated therein by reference, with Schedules I, II-A, and II-B hereto, respectively, which Schedules I, II-A, and II-B are incorporated herein by reference. Item5. Interest in Securities of the Issuer. This Amendment amends and restates the second paragraph of Item 5 through the fifth paragraph of Item 5 of the Original Schedule 13D in its entirety as set forth below: (a)-(b) Calculations of the percentage of Class A Shares beneficially owned are based on (i) 117,581,272 Class A Shares outstanding as of April 29, 2024, as reported by the Issuer in its Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on May 2, 2024 less (ii) 4,000,000 Class A Shares which were repurchased by the Issuer from certain of the Reporting Persons. As of June 13, 2024, GS Group and Goldman Sachs may be deemed to share beneficial ownership of 12,981,022 Class A Shares of the Issuer (representing approximately 11.4% of the total number of Class A Shares), which number includes 133,802 Class A Shares acquired by Goldman Sachs or another wholly-owned broker or dealer subsidiary of GS Group in ordinary course trading activities and 12,847,220 Class A Shares directly held by BSPI and the Employee Funds. The other Reporting Persons may be deemed to share beneficial ownership of the 12,847,220 Class A Shares of the Issuer (representing approximately 11.3% of the total number of Class A Shares) directly held by BSPI and the Employee Funds. This Amendment amends and restates the tenth and eleventh paragraphs of Item 5 of the Original Schedule 13D in their entirety as set forth below: On June 13, 2024, each of BSPI, SB Employee Fund and SB Employee Fund Offshore (together the Sellers ) entered into a Share Repurchase Agreement with the Issuer (the Share Repurchase Agreement ). Pursuant to the Share Repu