BT Parent GP Files SC 13D on Repay Holdings Corp

TL;DR

**BT Parent GP just disclosed a major stake in Repay Holdings Corp!**

AI Summary

BT Parent GP, LLC, a Delaware-incorporated entity, filed an SC 13D on February 20, 2024, regarding its ownership in Repay Holdings Corp (CUSIP 76029L100). The filing indicates that BT Parent GP, LLC, associated with Parthenon Capital Partners, is a reporting person for shares of Repay Holdings Corp's Class A Common Stock. The business address for BT Parent GP, LLC is Four Embarcadero Center, Suite 3610, San Francisco, CA 94111.

Why It Matters

This filing signals a significant ownership stake or change in beneficial ownership by BT Parent GP, LLC in Repay Holdings Corp, which could influence the company's future strategic decisions or governance.

Risk Assessment

Risk Level: low — An SC 13D filing primarily indicates a significant ownership position and does not inherently suggest immediate high risk, but rather transparency regarding beneficial ownership.

Key Numbers

• 76029L100 — CUSIP Number (Identifies Repay Holdings Corp's Class A Common Stock)
• 0001193125-24-040386 — Accession Number (Unique identifier for the SEC filing)
• 20240220 — Filed As Of Date (Date the SC 13D was filed)
• 005-90519 — SEC File Number (SEC registration number for Repay Holdings Corp)
• $0.0001 — Par Value (Par value of Repay Holdings Corp Class A Common Stock)

Key Players & Entities

• BT Parent GP, LLC (company) — Filing entity and beneficial owner
• Repay Holdings Corp (company) — Subject company of the filing
• Parthenon Capital Partners (company) — Associated with the filing entity
• BECKHAM AGGREGATOR, L.P. (company) — Group member
• Thunder Bridge Acquisition Ltd (company) — Former name of Repay Holdings Corp

FAQ

Key Financial Figures

• $0.0001 — suer) Class A Common Stock, par value $0.0001 (Title of Class of Securities) 7602

Filing Documents

• d762361dsc13d.htm (SC 13D) — 52KB
• d762361dex99a.htm (EX-99.A) — 4KB
• d762361dex99b.htm (EX-99.B) — 8KB
• 0001193125-24-040386.txt ( ) — 65KB

From the Filing

SC 13D 1 d762361dsc13d.htm SC 13D SC 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 240.13d-l(a) AND AMENDMENTS THERETO FILED PURSUANT TO 240.13d-2(a) (Amendment No.)* Repay Holdings Corporation (Name of Issuer) Class A Common Stock, par value $0.0001 (Title of Class of Securities) 76029L100 (CUSIP Number) c/o Parthenon Capital Partners Four Embarcadero Center, Suite 3610 San Francisco, CA 94111 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 20, 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 of 240.13d-l(e), 240.13d-l(f) or 240.13d-l(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 240 13d-7 for other parties to whom copies are to be sent. 1 The remainder of this cover page shall be filled out for a reporting persons 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. * 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). 1. Names of Reporting Persons BT Parent GP, LLC 2. Check The Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds AF 5. Check if disclosure of legal proceedings is required pursuant to Items 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 0 8. Shared Voting Power 8,907,540 9. Sole Dispositive Power 0 10. Shared Dispositive Power 8,907,540 11. Aggregate Amount Beneficially Owned by Each Reporting Person 8,907,540 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 9.41% (1) 14. Type of Reporting Person (See Instructions) OO (1) Calcualted based upon 94,658,880 shares of Class A Common Stock, par value $0.0001 (Class A Common Stock) outstanding as of November 3, 2023, as reported on the Issuers Form 10-Q filed November 9, 2023. 1. Names of Reporting Persons Beckham Aggregator, L.P. 2. Check The Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds AF 5. Check if disclosure of legal proceedings is required pursuant to Items 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 0 8. Shared Voting Power 8,907,540 9. Sole Dispositive Power 0 10. Shared Dispositive Power 8,907,540 11. Aggregate Amount Beneficially Owned by Each Reporting Person 8,907,540 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 9.41% (1) 14. Type of Reporting Person (See Instructions) PN (1) Calcualted based upon 94,658,880 shares of Class A Common Stock outstanding as of November 3, 2023, as reported on the Issuers Form 10-Q filed November 9, 2023. Item1. Security and Issuer. This statement of beneficial ownership on Schedule 13D relates to the Class A Common Stock of Repay Holdings Corporation, a Cayman Islands corporation (the Issuer). The Issuers principal address is 3 West Paces Ferry Road, Suite 200, Atlanta, GA 30305. Item2. Identity and Background. (a)-(c), (f) This Schedule 13D is filed as joint statement pursuant to Rule 13d-1(k) under the Act by each of the following persons (collectively, the Reporting Persons): (i) BT Parent GP, LLC (ii) Beckham Aggregator, L.P. The principal address of each of the Reporting Persons is c/o Parthenon Capital Partners, Four Embarcadero Center, Suite 3610, San Francisco, CA 94111. (d) and (e) During the last five years, none of the Reporting Persons (i) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceedings was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securi

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