Goldman Sachs Group Files SC 13D/A for Stagwell Inc.

TL;DR

GSG filed a 13D/A for STGW, looks like a change in ownership stake.

AI Summary

On June 17, 2024, Goldman Sachs Group Inc. filed an SC 13D/A amendment concerning Stagwell Inc. The filing indicates a change in beneficial ownership for Goldman Sachs Group Inc. and its associated entities, including Bridge Street Opportunity Advisors, L.L.C., Broad Street Principal Investments, L.L.C., Stonebridge 2017 Offshore, L.P., and Stonebridge 2017, L.P. The specific details of the ownership change and the total number of shares involved are not explicitly stated in this excerpt.

Why It Matters

This filing signals a potential shift in significant shareholding for Stagwell Inc., which could influence the company's stock performance and strategic direction.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate significant investor activity, potentially impacting stock price and corporate strategy.

Key Players & Entities

• Goldman Sachs Group Inc. (company) — Filing entity
• Stagwell Inc (company) — Subject company
• Bridge Street Opportunity Advisors, L.L.C. (company) — Group member of filing entity
• Broad Street Principal Investments, L.L.C. (company) — Group member of filing entity
• Stonebridge 2017 Offshore, L.P. (company) — Group member of filing entity
• Stonebridge 2017, L.P. (company) — Group member of filing entity

FAQ

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

View Full Filing

View this SC 13D/A filing on SEC EDGAR