Strategic Value Partners Amends First Foundation Stake

TL;DR

Strategic Value Partners updated their 13D filing for First Foundation Inc. - ownership change on Oct 2nd.

AI Summary

Strategic Value Bank Partners LLC, through its affiliate Strategic Value Investors, LP, filed an amendment (No. 1) to its Schedule 13D on October 15, 2024, concerning its holdings in First Foundation Inc. The filing indicates a change in beneficial ownership as of October 2, 2024, with Ben Mackovak listed as the authorized contact. The specific details of the ownership change and the total number of shares held are not fully disclosed in this excerpt.

Why It Matters

This filing signals a potential shift in control or influence over First Foundation Inc. by a significant shareholder, which could impact the company's strategic direction and stock performance.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant stake-building or changes in control, which can introduce volatility and uncertainty for investors.

Key Players & Entities

• Strategic Value Bank Partners LLC (company) — Filing entity
• Strategic Value Investors, LP (company) — Affiliated entity
• First Foundation Inc. (company) — Subject company
• Ben Mackovak (person) — Authorized contact

FAQ

From the Filing

0001904067-24-000005.txt : 20241015 0001904067-24-000005.hdr.sgml : 20241015 20241015111023 ACCESSION NUMBER: 0001904067-24-000005 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20241015 DATE AS OF CHANGE: 20241015 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: First Foundation Inc. CENTRAL INDEX KEY: 0001413837 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 000000000 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87992 FILM NUMBER: 241370567 BUSINESS ADDRESS: STREET 1: 18101 VON KARMAN AVE STREET 2: SUITE 700 CITY: IRVINE STATE: CA ZIP: 92612 BUSINESS PHONE: 949-222-2030 MAIL ADDRESS: STREET 1: 18101 VON KARMAN AVE STREET 2: SUITE 700 CITY: IRVINE STATE: CA ZIP: 92612 FORMER COMPANY: FORMER CONFORMED NAME: KELLER FINANCIAL GROUP DATE OF NAME CHANGE: 20071001 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STRATEGIC VALUE BANK PARTNERS LLC CENTRAL INDEX KEY: 0001904067 ORGANIZATION NAME: IRS NUMBER: 474394087 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 127 PUBLIC SQUARE STREET 2: SUITE 1510 CITY: CLEVELAND STATE: OH ZIP: 44114-1217 BUSINESS PHONE: 216-282-0704 MAIL ADDRESS: STREET 1: 127 PUBLIC SQUARE STREET 2: SUITE 1510 CITY: CLEVELAND STATE: OH ZIP: 44114-1217 SC 13D/A 1 svbp13DA.htm SCHEDULE 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A (Amendment No. 1) Under the Securities Exchange Act of 1934 First Foundation Inc. (Name of Issuer) Common Stock , $0.0 0 1 Par Value (Title of Class of Securities) 32026V104 (CUSIP Number) Ben Mackovak Strategic Value Investors, LP 127 Public Square, Suite 1510 Cleveland, Ohio 44114 216-282-0704 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 2, 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 which 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), check the following box. [ ] * The remainder of this cover page shall be filled out for a reporting person's 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 purposes of Section 18 of the Securities Exchange Act of 1934 (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 Instructions). 1/10 CUSIP No.: 32026V104 1 NAME OF REPORTING PERSON: Strategic Value Investors, LP I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP [ ] (a) [ ] (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS: WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 6,768,343 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 6,768,343 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,768,343 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.2% 14 TYPE OF REPORTING PERSON PN 2/10 CUSIP No.: 32026V104 1 NAME OF REPORTING PERSON: Ben Mackovak I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP [ ] (a) [ ] (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS: OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2