Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 12)*
CBRE GROUP, INC.
------------------------------------------
(Name of Issuer)
CLASS A COMMON STOCK, $0.01 par value
-------------------------------------
(Title of Class of Securities)
12497T101
---------
(CUSIP Number)
Gwen G. Reinke
Blum Capital Partners, L.P.
909 Montgomery Street, Suite 400
San Francisco, CA 94133
(415) 434-1111
-------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 7, 2012
---------------
(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 Rule 13d-1(b)(3) or (4), 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 purpose 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 Notes).
Page 1 of 18
CUSIP NO. 12497T101 SCHEDULE 13D Page 2 of 18
-----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BLUM CAPITAL PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364
-----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
-----------------------------------------------------------------------------
3. SEC USE ONLY
-----------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
-----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
-----------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF ----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 14,716,062**
BENEFICIALLY
OWNED BY EACH ----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 14,716,062**
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,716,062**
-----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.5%**
-----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN, IA
-----------------------------------------------------------------------------
** See Item 5
* * * * * *
CUSIP NO. 12497T101 SCHEDULE 13D Page 3 of 18
-----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812
-----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
-----------------------------------------------------------------------------
3. SEC USE ONLY
-----------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
-----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
-----------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF ----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 14,716,062**
BENEFICIALLY
OWNED BY EACH ----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 14,716,062**
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,716,062**
-----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.5%**
-----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
-----------------------------------------------------------------------------
** See Item 5
* * * * * *
CUSIP NO. 12497T101 SCHEDULE 13D Page 4 of 18
-----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BLUM STRATEGIC GP II, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3395150
-----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
-----------------------------------------------------------------------------
3. SEC USE ONLY
-----------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
-----------------------------------------------------------------------------
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
-----------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF ----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 14,716,062**
BENEFICIALLY
OWNED BY EACH ----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 14,716,062**
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,716,062**
-----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.5%**
-----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO (Limited Liability Company)
-----------------------------------------------------------------------------
** See Item 5 below
* * * * * *
CUSIP NO. 12497T101 SCHEDULE 13D Page 5 of 18
-----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BLUM STRATEGIC GP III, L.L.C.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 04-3809436
-----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
-----------------------------------------------------------------------------
3. SEC USE ONLY
-----------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
-----------------------------------------------------------------------------
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
-----------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF ----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 14,716,062**
BENEFICIALLY
OWNED BY EACH ----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 14,716,062**
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,716,062**
-----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.5%**
-----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO (Limited Liability Company)
-----------------------------------------------------------------------------
** See Item 5
* * * * * *
CUSIP NO. 12497T101 SCHEDULE 13D Page 6 of 18
-----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BLUM STRATEGIC GP III, L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 02-0742606
-----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
-----------------------------------------------------------------------------
3. SEC USE ONLY
-----------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
-----------------------------------------------------------------------------
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
-----------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF ----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 14,716,062**
BENEFICIALLY
OWNED BY EACH ----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 14,716,062**
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,716,062**
-----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.5%**
-----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
-----------------------------------------------------------------------------
** See Item 5
* * * * * *
CUSIP NO. 12497T101 SCHEDULE 13D Page 7 of 18
-----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BLUM STRATEGIC GP IV, L.L.C.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 26-0588693
-----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
-----------------------------------------------------------------------------
3. SEC USE ONLY
-----------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
---------------------------------------------------------------------
--------
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
-----------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF ----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 14,716,062**
BENEFICIALLY
OWNED BY EACH ----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 14,716,062**
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,716,062**
-----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.5%**
-----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO (Limited Liability Company)
-----------------------------------------------------------------------------
** See Item 5
* * * * * *
CUSIP NO. 12497T101 SCHEDULE 13D Page 8 of 18
-----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BLUM STRATEGIC GP IV, L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 26-0588732
-----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
-----------------------------------------------------------------------------
3. SEC USE ONLY
-----------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
-----------------------------------------------------------------------------
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
-----------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF ----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 14,716,062**
BENEFICIALLY
OWNED BY EACH ----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 14,716,062**
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,716,062**
-----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.5%**
-----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
-----------------------------------------------------------------------------
** See Item 5
* * * * * *
CUSIP NO. 12497T101 SCHEDULE 13D Page 9 of 18
Item 1. Security and Issuer
----------------------------
This Amendment No. 12 amends the Statement on Schedule 13D (the "Schedule
13D") filed with the Securities and Exchange Commission (the "Commission") on
June 2, 2011 by Blum Capital Partners, L.P., a California limited
partnership ("Blum LP"); and Richard C. Blum & Associates, Inc., a California
corporation ("RCBA Inc."); Blum Strategic GP II, L.L.C., a Delaware
limited liability company ("Blum GP II"); Blum Strategic GP III, L.L.C., a
Delaware limited liability company ("Blum GP III"); Blum Strategic GP III,
L.P., a Delaware limited partnership ("Blum GP III LP"); Blum Strategic GP
IV, L.L.C., a Delaware limited liability company ("Blum GP IV"); and Blum
Strategic GP IV, L.P., a Delaware limited partnership ("Blum GP IV LP")
(collectively, the "Reporting Persons").
This amendment relates to shares of Class A Common Stock, $0.01 par value per
share (the "Common Stock") of CBRE Group, Inc., a Delaware corporation (the
"Issuer"). The principal executive office and mailing address of the Issuer
is 11150 Santa Monica Boulevard, Suite 1600, Los Angeles, California 90025.
The following amendments to the Schedule 13D are hereby made. Unless
otherwise defined herein, all capitalized terms shall have the meanings
ascribed to them in the Schedule 13D as previously amended.
Item 2. Identity and Background
--------------------------------
Item 2 is hereby amended and restated in its entirety with the following:
Blum LP is a California limited partnership whose principal business is
acting as general partner for investment partnerships and providing
investment advisory services. Blum LP is an investment adviser registered
with the Securities and Exchange Commission. The sole general partner of
Blum LP is RCBA Inc.
* * * * * * *
CUSIP NO. 12497T101 SCHEDULE 13D Page 10 of 18
The principal business office address of Blum LP and RCBA Inc. is 909
Montgomery Street, Suite 400, San Francisco, California 94133. The names
of the executive officers and directors of RCBA Inc., their addresses,
citizenship and principal occupations are as follows:
Name and Business Citizenship Principal Occupation
Office Held Address or Employment
-------------------- ----------------------- --------- --------------------
Richard C. Blum 909 Montgomery St. USA President & Chairman,
President, Suite 400 Blum LP
Chairman & Director San Francisco, CA 94133
Murray McCabe 909 Montgomery St. USA Managing Director,
Managing Director Suite 400 Blum LP
San Francisco, CA 94133
Nils Colin Lind 909 Montgomery St. USA and Senior Adviser,
Senior Adviser Suite 400 Norway Blum LP
San Francisco, CA 94133
Jane J. Su 909 Montgomery St. USA Managing Partner,
Managing Partner Suite 400 Blum LP
San Francisco, CA 94133
John H. Park 909 Montgomery St. USA Partner,
Partner Suite 400 Blum LP
San Francisco, CA 94133
David H.S. Chung 909 Montgomery St. USA Partner,
Partner Suite 400 Blum LP
San Francisco, CA 94133
Peter Westley 909 Montgomery St. USA Partner,
Partner Suite 400 Blum LP
San Francisco, CA 94133
Gwen G. Reinke 909 Montgomery St. USA Partner, General
Partner, General Suite 400 Counsel & Chief
Counsel & Chief San Francisco, CA 94133 Compliance Officer
Compliance Officer Blum LP
Marc T. Scholvinck 909 Montgomery St. USA Managing Partner &
Managing Partner, Suite 400 Chief Financial
Chief Financial San Francisco, CA 94133 Officer,
Officer, Assistant Blum LP
Secretary & Director
* * * * * * *
CUSIP NO. 12497T101 SCHEDULE 13D Page 11 of 18
Blum GP II is a Delaware limited liability company whose principal business
is acting as the sole general partner of Blum Strategic II and also as
managing limited partner of Blum Strategic Partners II GmbH & Co. KG.( "Blum
Strategic II KG").
The principal business office address of Blum GP II is 909 Montgomery Street,
Suite 400, San Francisco, CA 94133. The names of the managing members and
members of Blum GP II, their addresses, citizenship and principal occupations
are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
-------------------- ----------------------- --------- -------------------
Richard C. Blum 909 Montgomery St. USA President & Chairman,
Managing Member Suite 400 Blum LP
San Francisco, CA 94133
Nils Colin Lind 909 Montgomery St. USA and Senior Adviser,
Member Suite 400 Norway Blum LP
San Francisco, CA 94133
Jane J. Su 909 Montgomery St. USA Managing Partner,
Managing Member Suite 400 Blum LP
San Francisco, CA 94133
John H. Park 909 Montgomery St. USA Partner,
Member Suite 400 Blum LP
San Francisco, CA 94133
David H.S. Chung 909 Montgomery St. USA Partner,
Member Suite 400 Blum LP
San Francisco, CA 94133
Gwen G. Reinke 909 Montgomery St. USA Partner, General
Member Suite 400 Counsel & Chief
San Francisco, CA 94133 Compliance Officer
Blum LP
Marc T. Scholvinck 909 Montgomery St. USA Managing Partner &
Managing Member Suite 400 Chief Financial
San Francisco, CA 94133 Officer,
Blum LP
* * * * * * *
CUSIP NO. 12497T101 SCHEDULE 13D Page 12 of 18
Blum GP III is a Delaware limited liability company whose principal business
is acting as the general partner of Blum GP III LP, a Delaware limited
partnership, whose principal business is acting as the general partner of
Blum Strategic Partners III, L.P. ("Blum Strategic III"), whose principal
office is 909 Montgomery Street, Suite 400, San Francisco, California 94133.
The principal business office address of Blum GP III and Blum GP III LP is
909 Montgomery Street, Suite 400, San Francisco, California 94133. The names
of the managing members and members of Blum GP III, their addresses,
citizenship and principal occupations are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
-------------------- ----------------------- --------- -------------------
Richard C. Blum 909 Montgomery St. USA President & Chairman,
Managing Member Suite 400 Blum LP
San Francisco, CA 94133
Nils Colin Lind 909 Montgomery St. USA and Senior Adviser,
Member Suite 400 Norway Blum LP
San Francisco, CA 94133
Jane J. Su 909 Montgomery St. USA Managing Partner,
Managing Member Suite 400 Blum LP
San Francisco, CA 94133
John H. Park 909 Montgomery St. USA Partner,
Member Suite 400 Blum LP
San Francisco, CA 94133
David H.S. Chung 909 Montgomery St. USA Partner,
Member Suite 400 Blum LP
San Francisco, CA 94133
Gwen G. Reinke 909 Montgomery St. USA Partner, General
Member Suite 400 Counsel & Chief
San Francisco, CA 94133 Compliance Officer
Blum LP
Marc T. Scholvinck 909 Montgomery St. USA Managing Partner &
Managing Member Suite 400 Chief Financial
San Francisco, CA 94133 Officer,
Blum LP
* * * * * * *
CUSIP NO. 12497T101 SCHEDULE 13D Page 13 of 18
Blum GP IV is a Delaware limited liability company whose principal business
is acting as the general partner of Blum GP IV LP, a Delaware limited
partnership, whose principal business is acting as the general partner of
Blum Strategic Partners IV, L.P. ("Blum Strategic IV"), whose principal
office is 909 Montgomery Street, Suite 400, San Francisco, California 94133.
The principal business office address of Blum GP IV and Blum GP IV LP is
909 Montgomery Street, Suite 400, San Francisco, California 94133. The names
of the managing members and members of Blum GP IV, their addresses,
citizenship and principal occupations are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
-------------------- ----------------------- --------- -------------------
Richard C. Blum 909 Montgomery St. USA President & Chairman,
Managing Member Suite 400 Blum LP
San Francisco, CA 94133
Nils Colin Lind 909 Montgomery St. USA and Senior Adviser,
Member Suite 400 Norway Blum LP
San Francisco, CA 94133
Jane J. Su 909 Montgomery St. USA Managing Partner,
Managing Member Suite 400 Blum LP
San Francisco, CA 94133
John H. Park 909 Montgomery St. USA Partner,
Member Suite 400 Blum LP
San Francisco, CA 94133
David H.S. Chung 909 Montgomery St. USA Partner,
Member Suite 400 Blum LP
San Francisco, CA 94133
Gwen G. Reinke 909 Montgomery St. USA Partner, General
Member Suite 400 Counsel & Chief
San Francisco, CA 94133 Compliance Officer
Blum LP
Marc T. Scholvinck 909 Montgomery St. USA Managing Partner &
Managing Member Suite 400 Chief Financial
San Francisco, CA 94133 Officer,
Blum LP
* * * * * * *
CUSIP NO. 12497T101 SCHEDULE 13D Page 14 of 18
To the best knowledge of the Reporting Persons, none of the entities or
persons identified in this Item 2 has, during the past five years, bee
n
convicted of any criminal proceeding (excluding traffic violations or similar
misdemeanors), nor been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such
proceeding 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 securities laws or finding any violation with respect to
such laws.
Item 3. Source and Amount of Funds or Other Considerations
-----------------------------------------------------------
There have been no changes to Item 3 since the Schedule 13D Amendment filed
on August 6, 2008.
Item 4. Purpose of Transaction
-------------------------------
Item 4 is hereby amended and restated in its entirety with the following:
The Reporting Persons acquired the Common Stock for investment purposes in
the ordinary course of business.
The Reporting Persons intend to review their investment in the Issuer
continuously. Depending on their review and evaluation of the business and
prospects of the Issuer, and subject to the terms of the various advisory
agreements and applicable securities laws, the price level of the Common
Stock, or such other factors as they may deem relevant, the Reporting Persons
may acquire additional Common Stock on the open market, in privately
negotiated transactions or otherwise; may sell or dispose of all or any part
of their Common Stock pursuant to Rule 144, in privately negotiated
transactions, in sales registered or exempt from registration under the
Securities Act of 1933 or otherwise; may distribute shares to various of
their partners, members, employees or business associates; or may engage in
any combination of the foregoing. Subject to applicable law, the Reporting
Persons may enter into derivative transactions, hedging transactions or
alternative structures with respect to the Common Stock. Any acquisitions,
* * * * * * *
CUSIP NO. 12497T101 SCHEDULE 13D Page 15 of 18
sales, dispositions, distributions or other transactions may be announced or
consummated at any time without additional prior notice and prior to any
further amendment to this Statement. Any alternative that the Reporting
Persons may pursue will depend upon a variety of factors, including without
limitation, current and anticipated future trading prices of the Common
Stock, the financial condition, results of operations and prospects of the
Issuer and general economic, financial market and industry conditions, other
investment and business opportunities available to, or liquidity requirements
of, the Reporting Persons, general stock market and economic conditions, tax
considerations and other factors.
Also, in connection with the Reporting Persons' investment in the Issuer, the
Reporting Persons intend to engage in communications with, directly or
through intermediaries, one or more existing or prospective shareholders of
the Issuer, one or more officers of the Issuer, one or more members of the
board of directors of the Issuer, and other representatives of the Issuer. In
connection with these activities, the Reporting Persons may engage in
communications with sources of credit and/or other financing sources,
industry participants, applicable governmental agencies, and/or other
interested parties regarding the Issuer, with respect to the Issuer's
operations and strategic, financial, governance and other matters. The
Reporting Persons may discuss ideas that, if effected, may result in any of
the following: the acquisition by persons of additional Common Stock of the
Issuer, an extraordinary corporate transaction involving the Issuer, and/or
changes in the board of directors or management of the Issuer. The Reporting
Persons may also propose changes in the Issuer's operations, governance or
capitalization; exchange information with the Issuer pursuant to
confidentiality or similar agreements; or take or propose to take, alone or
in conjunction with other parties, other actions intended to increase or
decrease the Reporting Persons' investment in the Issuer or increase the
value of their investment in the Issuer, which could include or result in one
or more of the matters referred to in paragraphs (a) through (j) of Item 4 of
Schedule 13D.
Richard C. Blum and Jane J. Su, who are executive officers or managing
members of each of the Reporting Persons, are members of the Board of
Directors of the Issuer.
Except to the extent the foregoing may be deemed a plan or proposal, none of
the Reporting Persons has any current plans or proposals which relate to, or
could result in, any of the matters referred to in paragraphs (a) through
(j), inclusive, of the instructions to Item 4 of Schedule 13D; provided that
the Reporting Persons may, at any time and from time to time, review or
reconsider their position and/or change their purpose and/or formulate plans
or proposals with respect thereto.
* * * * * *
CUSIP NO. 12497T101 SCHEDULE 13D Page 16 of 18
Item 5. Interest in Securities of the Issuer
---------------------------------------------
(a),(b) According to the Issuer's Form 10Q, filed with the Commission on
August 9, 2012, there were 328,219,385 shares of Common Stock issued and
outstanding as of July 31, 2012. Based on such information, after taking
into account the transactions described in Item 5(c) below, the Reporting
Persons report beneficial ownership of the following shares of Common Stock:
(i) 220,383 shares of Common Stock held by Blum LP and RCBA Inc. on behalf
of the limited partnerships for which Blum LP serves as the general partner,
which represents 0.1% of the outstanding shares of the Common Stock; (ii)
6,282,700 shares of Common Stock held by Blum GP III on behalf of the
partnerships for which it serves as the general partner, which represents
1.9% of the outstanding shares of Common Stock; and (iv) 8,212,979 shares of
Common Stock held by Blum GP IV on behalf of the partnerships for which it
serves as the general partner, which represents 2.5% of the outstanding
shares of Common Stock.
Voting and investment power concerning the above shares are held solely by
Blum LP, Blum GP III, and Blum GP IV. The Reporting Persons therefore may be
deemed to be members in a group, in which case the group would be deemed to
have beneficial ownership of an aggregate of 14,716,062 shares of the Common
Stock, which is 4.5% of the outstanding Common Stock. As the sole general
partner of Blum LP, RCBA Inc. is deemed the beneficial owner of the
securities over which Blum LP has voting and investment power. The filing of
this Schedule shall not be construed as an admission that any of the
shareholders, directors or executive officers of RCBA Inc. or the managing
members and members of Blum GP III, Blum GP III LP, Blum GP IV or Blum GP IV
LP, is, for any purpose, the beneficial owner of any of the securities that
are beneficially owned by RCBA Inc., Blum GP III, Blum GP III LP, Blum GP IV
or Blum GP IV LP.
* * * * * *
CUSIP NO. 12497T101 SCHEDULE 13D Page 17 of 18
(c) During the last 60 days, the Reporting Persons have sold the following
shares of Common Stock in the open market:
Entity Trade Date Shares Price/Share
------ ---------- ------ ------------
Investment partnerships for 09-07-2012 151,500 17.6940
which Blum LP serves as the 09-10-2012 243,300 17.3582
general partner. 09-11-2012 193,400 17.3840
Additionally, on September 7, 2012, the Reporting Persons distributed, on a
pro rata basis, 6,282,759 shares of Common Stock to limited partners in two
of the limited partnerships for which Blum GP II serves as the general
partner and managing limited partner in a liquidating distribution.
(d) Not applicable.
(e) The Reporting Persons ceased to beneficially own 5% of the Issuer's
issued and outstanding Common Stock on September 7, 2012.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
----------------------------------------------------------------------
Item 6 is hereby amended to add the following:
The disclosure set forth above in Item 4 is hereby incorporated by reference
in its entirety.
Item 7. Material to be Filed as Exhibits
-----------------------------------------
Exhibit A - Joint Filing Undertaking
* * * * * *
CUSIP NO. 12497T101 SCHEDULE 13D Page 18 of 18
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: September 11, 2012
RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P.
By: Richard C. Blum & Associates, Inc.
its general partner
By: /s/ Gwen G. Reinke By: /s/ Gwen G. Reinke
------------------------------- ------------------------------
Gwen G. Reinke, Gwen G. Reinke,
Gwen G. Reinke, Gwen G. Reinke,
Partner, General Counsel & Partner, General Counsel &
Chief Compliance Officer Chief Compliance Officer
BLUM STRATEGIC GP II, L.L.C. BLUM STRATEGIC GP III, L.L.C.
By: /s/ Gwen G. Reinke By: /s/ Gwen G. Reinke
------------------------------- ------------------------------
Gwen G. Reinke, Gwen G. Reinke,
Member Member
BLUM STRATEGIC GP III, L.P BLUM STRATEGIC GP IV, L.L.C.
By: Blum Strategic GP III, L.L.C.
its general partner
By: /s/ Gwen G. Reinke By: /s/ Gwen G. Reinke
------------------------------- -------------------------------
Gwen G. Reinke, Gwen G. Reinke,
Member Member
BLUM STRATEGIC GP IV, L.P.
By: Blum Strategic GP IV, L.L.C.
its general partner
By: /s/ Gwen G. Reinke
-------------------------------
Gwen G. Reinke
Member
* * * * * *
CUSIP NO. 12497T101 SCHEDULE 13D Page 1 of 1
Exhibit A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby execute this
agreement as an exhibit to this Schedule 13D to evidence the agreement of the
below-named parties, in accordance with the rules promulgated pursuant to the
Securities Exchange Act of 1934, to file this Schedule jointly on behalf of
each such party.
Dated: September 11, 2012
RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P.
By: Richard C. Blum & Associates, Inc.
its general partner
By: /s/ Gwen G. Reinke By: /s/ Gwen G. Reinke
------------------------------- ------------------------------
Gwen G. Reinke, Gwen G. Reinke,
Partner, General Counsel & Partner, General Counsel &
Chief Compliance Officer Chief Compliance Officer
BLUM STRATEGIC GP II, L.L.C. BLUM STRATEGIC GP III, L.L.C.
By: /s/ Gwen G. Reinke By: /s/ Gwen G. Reinke
------------------------------- ------------------------------
Gwen G. Reinke, Gwen G. Reinke,
Member Member
BLUM STRATEGIC GP III, L.P BLUM STRATEGIC GP IV, L.L.C.
By: Blum Strategic GP III, L.L.C.
its general partner
By: /s/ Gwen G. Reinke By: /s/ Gwen G. Reinke
------------------------------- -------------------------------
Gwen G. Reinke, Gwen G. Reinke,
Member Member
BLUM STRATEGIC GP IV, L.P.
By: Blum Strategic GP IV, L.L.C.
its general partner
By: /s/ Gwen G. Reinke
-------------------------------
Gwen G. Reinke
Member
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