Silver Lake Amends Unity Software Stake, Signals Continued Confidence
Ticker: U · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1810806
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Silver Lake still owns Unity stock, showing they're sticking with the company.**
AI Summary
Silver Lake Group, L.L.C. and its affiliated entities, including Silver Lake Partners IV, L.P., filed an amended SC 13G/A on February 9, 2024, indicating their ownership in Unity Software Inc. as of December 31, 2023. This filing updates their previous disclosures, confirming their continued significant, though passive, investment in Unity. This matters to investors as Silver Lake is a major tech-focused private equity firm, and their sustained stake suggests confidence in Unity's long-term prospects, even if their percentage ownership might fluctuate.
Why It Matters
This filing confirms Silver Lake's ongoing, substantial investment in Unity Software, which can be seen as a vote of confidence from a sophisticated institutional investor.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive investor and does not indicate any immediate negative or positive operational changes for Unity Software Inc.
Analyst Insight
Investors should view this as a confirmation of Silver Lake's continued, long-term interest in Unity Software, but it doesn't signal any immediate operational changes or activist intentions. It's a data point for assessing institutional confidence.
Key Players & Entities
- Silver Lake Group, L.L.C. (company) — the primary reporting person filing the SC 13G/A
- Unity Software Inc. (company) — the subject company in which Silver Lake holds shares
- Silver Lake Partners IV, L.P. (company) — a group member of the reporting persons
- December 31, 2023 (date) — the date of the event which requires the filing of this statement
- February 9, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- Silver Lake will maintain a significant, passive stake in Unity Software Inc. throughout 2024. (Silver Lake Group, L.L.C.) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the 'Name of Issuer' in this filing?
The 'Name of Issuer' is Unity Software Inc., with a CUSIP Number of 91332U101 and a par value of $0.000005 per share for its common stock.
Who is the primary 'Reporting Person' for this filing?
The primary 'Reporting Person' is Silver Lake Group, L.L.C., located at 2775 Sand Hill Road, Suite 100, Menlo Park, CA 94025.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Which rule under the Securities Exchange Act of 1934 is designated for this filing?
This Schedule 13G is filed pursuant to Rule 13d-1(d), as indicated by the checked box.
Filing Stats: 2,464 words · 10 min read · ~8 pages · Grade level 7.4 · Accepted 2024-02-09 06:07:59
Key Financial Figures
- $0.000005 — Inc. (Name of Issuer) Common stock, $0.000005 par value (Titles of Class of Securit
- $940,000,000 — Common Stock underlying an aggregate of $940,000,000 principal amount of 2.00% Convertible S
- $48.89 — itial conversion price of approximately $48.89 per share of Common Stock and is subjec
Filing Documents
- d754811dsc13ga.htm (SC 13G/A) — 124KB
- 0001193125-24-029047.txt ( ) — 126KB
From the Filing
SC 13G/A 1 d754811dsc13ga.htm SC 13G/A NO. 2 SC 13G/A No. 2 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* Unity Software Inc. (Name of Issuer) Common stock, $0.000005 par value (Titles of Class of Securities) 91332U101 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out of 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 in 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, as amended (the 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. 91332U101 Schedule 13G 1 NAME OF REPORTING PERSON Silver Lake Partners IV, L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER - 0 - 6 SHARED VOTING POWER 19,943,044 7 SOLE DISPOSITIVE POWER - 0 - 8 SHARED DISPOSITIVE POWER 19,943,044 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 19,943,044 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.2% 12 TYPE OF REPORTING PERSON PN 2 CUSIP No. 91332U101 Schedule 13G 1 NAME OF REPORTING PERSON Silver Lake Technology Investors IV (Delaware II), L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER - 0 - 6 SHARED VOTING POWER 369,692 7 SOLE DISPOSITIVE POWER - 0 - 8 SHARED DISPOSITIVE POWER 369,692 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 369,692 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.1% 12 TYPE OF REPORTING PERSON PN 3 CUSIP No. 91332U101 Schedule 13G 1 NAME OF REPORTING PERSON SLP Union Aggregator, L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER - 0 - 6 SHARED VOTING POWER 14,422,668 7 SOLE DISPOSITIVE POWER - 0 - 8 SHARED DISPOSITIVE POWER 14,422,668 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,422,668 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.8% 12 TYPE OF REPORTING PERSON PN 4 CUSIP No. 91332U101 Schedule 13G 1 NAME OF REPORTING PERSON SLP Union GP, L.L.C. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER - 0 - 6 SHARED VOTING POWER 14,422,668 7 SOLE DISPOSITIVE POWER - 0 - 8 SHARED DISPOSITIVE POWER 14,422,668 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,422,668 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.8% 12 TYPE OF REPORTING PERSON OO 5 CUSIP No. 91332U101 Schedule 13G 1 NAME OF REPORTING PERSON Silver Lake Technology Associates IV, L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER - 0 - 6 SHARED VOTING POWER 34,735,404 7 SOLE DISPOSITIVE POWER - 0 - 8 SHARED DISPOSITIVE POWER 34,735,404 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 34,735,404 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.1% 12 TYPE OF REPORTING PERSON PN 6 CUSIP No. 91332U101 Schedule 13G 1 NAME OF REPORTING PERSON SLTA IV (GP), L.L.C. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: