Green Equity Investors VI Updates Signet Jewelers Stake
Ticker: SIG · Form: SC 13D/A · Filed: Apr 16, 2024 · CIK: 832988
Sentiment: neutral
Topics: schedule-13d, amendment, shareholder-activity
Related Tickers: SIG
TL;DR
Green Equity Investors VI filed an amendment to their 13D on Signet Jewelers. Watch for potential changes.
AI Summary
Green Equity Investors VI, L.P. and its affiliates, including Leonard Green & Partners, L.P., have filed an amendment to their Schedule 13D concerning Signet Jewelers Ltd. as of April 16, 2024. The filing indicates a change in beneficial ownership, though specific new holdings or changes in percentage are not detailed in this excerpt. The filing is an amendment to a previous filing, suggesting ongoing activity or updates regarding their investment in Signet Jewelers.
Why It Matters
This filing signals potential shifts in major shareholder positions, which could influence Signet Jewelers' stock performance and corporate strategy.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant investor activity, which can lead to stock volatility.
Key Players & Entities
- Green Equity Investors VI, L.P. (company) — Filing entity
- Signet Jewelers Ltd (company) — Subject company
- Leonard Green & Partners, L.P. (company) — Affiliated entity
- GEI CAPITAL VI, LLC (company) — Group member
- GREEN VI HOLDINGS, LLC (company) — Group member
- JONATHAN A. SEIFFER (person) — Group member
- LGP ASSOCIATES VI-A LLC (company) — Group member
- LGP ASSOCIATES VI-B LLC (company) — Group member
- LGP MANAGEMENT, INC. (company) — Group member
- PERIDOT COINVEST MANAGER LLC (company) — Group member
FAQ
What specific changes in beneficial ownership are reported in this amendment?
This excerpt does not specify the exact changes in beneficial ownership or the percentage of shares held, only that an amendment to the Schedule 13D has been filed.
Who are the primary entities filing this amendment?
The primary entities filing are Green Equity Investors VI, L.P. and its affiliates, including GEI CAPITAL VI, LLC, GREEN VI HOLDINGS, LLC, and others.
What is the subject company of this filing?
The subject company is Signet Jewelers Ltd.
When was this amendment filed with the SEC?
This amendment was filed on April 16, 2024.
What is the business address of Signet Jewelers Ltd. as listed in the filing?
The business address for Signet Jewelers Ltd. is Clarendon House, 2 Church Street, Hamilton, HM11, Bermuda.
Filing Stats: 3,655 words · 15 min read · ~12 pages · Grade level 11.1 · Accepted 2024-04-16 16:11:29
Key Financial Figures
- $0.18 — ted (Name of Issuer) Common Shares, $0.18 par value per share (Title of Class o
- $0.01 — onvertible Preference Shares, par value $0.01 per share (the Series A Preference Shar
- $414 m — epurchase transaction for approximately $414 million, based on the volume weighted ave
- $99 — e of the transaction signing, which was $99.34, pursuant to the terms of the amende
- $1,050.94 — ue of the Series A Preference Shares is $1,050.94 per share. The amendment to the Certi
- $110 million — , the holders may not convert more than $110 million of stated value of Series A Preference
Filing Documents
- d814532dsc13da.htm (SC 13D/A) — 189KB
- 0001193125-24-097747.txt ( ) — 191KB
From the Filing
SC 13D/A 1 d814532dsc13da.htm SC 13D/A SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 4)* Signet Jewelers Limited (Name of Issuer) Common Shares, $0.18 par value per share (Title of Class of Securities) G81276100 (CUSIP Number) Jennifer Bellah Maguire Gibson, Dunn & Crutcher LLP 333 South Grand Avenue Los Angeles, California 90071-3197 (213) 229-7986 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 12, 2024 (Date of Event Which Requires Filing of Statement on Schedule 13D) 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-1(e), 240.13d-1(f) or 240.13d-1(g), checking the following box. * 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. 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. G81276100 Schedule 13D Page 2 of 15 Pages (1) Name of Reporting Persons: Green Equity Investors VI, 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 (See Instructions): WC (5) Check Box 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 4,155,976 Common Shares* (9) Sole Dispositive Power 0 (10) Shared Dispositive Power 4,155,976 Common Shares* (11) Aggregate Amount Beneficially Owned by Each Reporting Person: 4,155,976 Common Shares* (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): 9.3% (14) Type of Reporting Person (See Instructions): PN * Includes 4,118,567 Common Shares issuable upon conversion of 312,500 shares of the Issuers Series A Convertible Preference Shares, 23,046 Common Shares owned by Jonathan Seiffer and held for the benefit of Leonard Green & Partners, L.P., and 14,363 Common Shares owned by Jonathan Sokoloff, a partner of Leonard Green & Partners, L.P., and held for the benefit of Leonard Green & Partners, L.P. CUSIP No. G81276100 Schedule 13D Page 3 of 15 Pages (1) Name of Reporting Persons: Green Equity Investors Side VI, 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 (See Instructions): WC (5) Check Box 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 4,155,976 Common Shares* (9) Sole Dispositive Power 0 (10) Shared Dispositive Power 4,155,976 Common Shares* (11) Aggregate Amount Beneficially Owned by Each Reporting Person: 4,155,976 Common Shares* (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): 9.3% (14) Type of Reporting Person (See Instructions): PN * Includes 4,118,567 Common Shares issuable upon conversion of 312,500 shares of the Issuers Series A Convertible Preference Shares, 23,046 Common Shares owned by Jonathan Seiffer and held for the benefit of Leonard Green & Partners, L.P., and 14,363 Common Shares owned by Jonathan Sokoloff, a partner of Leonard Green & Partners, L.P., and held for the benefit of Leonard Green & Partners, L.P. CUSIP No. G81276100 Schedule 13D Page 4 of 15 Pages (1) Name of Reporting Persons: LGP Associates VI-A LLC (2) Check the Appropriate Box if a Member of a Group (See Instructions): (a)(b) (3) SEC Use Only: (4) Source of Funds (See Instructions): WC (5) Check Box 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 4,155,976 Common Shares* (9) Sole Dispositive Power 0 (10) Shared Dispositive Power 4,155,976 Common Shares* (11) Aggregate Amou