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.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
ATI PHYSICAL THERAPY, INC.
(Name of Issuer)
Class A Common Stock, $0.0001 par value per share
(Title of Class of Securities)
00216W109
(CUSIP Number)
Amanda McGrady Morrison
General Counsel and Chief Legal Officer
Advent International, L.P.
Prudential Tower
800 Boylston Street
Boston, MA 02199-8069
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
December 14, 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 that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-l(e), 240.13d-l(f) or 240.13d-l(g), check the following box. ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240 13d-7 for other parties to whom copies are to be sent.
* | 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).
1. |
Names of Reporting Persons
Advent International, 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
N/A | |||||
5. | Check 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
2,316,613 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
2,316,613 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,316,613 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
52.51%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the Securities and Exchange Commission (SEC) on November 4, 2024. |
1. |
Names of Reporting Persons
Advent International GPE VII, LLC | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check 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
2,316,613 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
2,316,613 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,316,613 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
52.51%(1) | |||||
14. | Type of Reporting Person (See Instructions)
OO |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
Wilco Acquisition, LP | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
OO | |||||
5. | Check 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
0 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
0 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
0 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.0% | |||||
14. | Type of Reporting Person (See Instructions)
PN |
1. |
Names of Reporting Persons
Wilco GP, Inc. | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check 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
0 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
0 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
0 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.0% | |||||
14. | Type of Reporting Person (See Instructions)
CO |
1. |
Names of Reporting Persons
Advent International GPE VII Limited Partnership | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
6. | Citizenship or Place of Organization
Luxembourg |
Number of Shares Beneficially Owned By Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
226,494 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
226,494 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
226,494 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
5.13%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
Advent International GPE VII-B Limited Partnership | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
6. | Citizenship or Place of Organization
Luxembourg |
Number of Shares Beneficially Owned By Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
619,408 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
619,408 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
619,408 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
14.04%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
Advent International GPE VII-C Limited Partnership | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
6. | Citizenship or Place of Organization
Luxembourg |
Number of Shares Beneficially Owned By Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
196,909 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
196,909 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
196,909 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
4.46%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
Advent International GPE VII-D Limited Partnership | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
6. | Citizenship or Place of Organization
Luxembourg |
Number of Shares Beneficially Owned By Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
135,543 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
135,543 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
135,543 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
3.07%(1) p> | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
Advent International GPE VII-F Limited Partnership | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
6. | Citizenship or Place of Organization
Luxembourg |
Number of Shares Beneficially Owned By Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
57,470 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
57,470 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
57,470 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
1.3%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
Advent International GPE VII-G Limited Partnership | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
6. | Citizenship or Place of Organization
Luxembourg |
Number of Shares Beneficially Owned By Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
57,470 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
57,470 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
57,470 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
1.3%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
GPE VII GP S.A.R.L. | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
6. | Citizenship or Place of Organization
Luxembourg |
Number of Shares Beneficially Owned By Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
1,293,294 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
1,293,294 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,293,294 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
29.32%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
Advent International GPE VII-A Limited Partnership | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
6. | Citizenship or Place of Organization
Cayman Islands |
Number of Shares Beneficially Owned By Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
209,635 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
209,635 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
209,635 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
4.75%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
Advent International GPE VII-E Limited Partnership | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
6. | Citizenship or Place of Organization
Cayman Islands |
Number of Shares Beneficially Owned By Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
446,324 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
446,324 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
446,324 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
10.12%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
Advent International GPE VII-H Limited Partnership | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
6. | Citizenship or Place of Organization
Cayman Islands |
Number of Shares Beneficially Owned By Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
34,878 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
34,878 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
34,878 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.79%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
GPE VII GP Limited Partnership | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
6. | Citizenship or Place of Organization
Cayman Islands |
Number of Shares Beneficially Owned By Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
690,836 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
690,836 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
690,836 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
15.66%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
Advent Partners GPE VII 2014 Limited Partnership | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check 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
1,301 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
1,301 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,301 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.03%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
Advent Partners GPE VII 2014 Cayman Limited Partnership | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
6. | Citizenship or Place of Organization
Cayman Islands |
Number of Shares Beneficially Owned By Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
1,301 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
1,301 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,301 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.03%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
Advent Partners GPE VII-A 2014 Limited Partnership | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check 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
3,587 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
3,587 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
3,587 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.08%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
Advent Partners GPE VII-A 2014 Cayman Limited Partnership | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
6. | Citizenship or Place of Organization
Cayman Islands |
Number of Shares Beneficially Owned By Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
2,198 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
2,198 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,198 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.05%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
Advent Partners GPE VII Cayman Limited Partnership | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
6. | Citizenship or Place of Organization
Cayman Islands |
Number of Shares Beneficially Owned By Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
16,123 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
16,123 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
16,123 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.37%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
Advent Partners GPE VII-B Cayman Limited Partnership | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
6. | Citizenship or Place of Organization
Cayman Islands |
Number of Shares Beneficially Owned By Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
21,273 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
21,273 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
21,273 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.48%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
Advent Partners GPE VII Limited Partnership | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check 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
905 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
905 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
905 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.02%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
Advent Partners GPE VII-A Cayman Limited Partnership | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| |||||
6. | Citizenship or Place of Organization
Cayman Islands |
Number of Shares Beneficially Owned By Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
4,258 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
4,258 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
4,258 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.1%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
Advent Partners GPE VII-A Limited Partnership | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check 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
2,143 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
2,143 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,143 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.05%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
1. |
Names of Reporting Persons
GPE VII-ATI Co-Investment (Delaware) Limited Partnership | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
N/A | |||||
5. | Check 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
277,578 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
277,578 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
277,578 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
6.29%(1) | |||||
14. | Type of Reporting Person (See Instructions)
PN |
(1) | Calculated based on 4,411,441 shares of Class A Common Stock outstanding as of October 30, 2024, as reported on the Issuers Form 10-Q filed with the SEC on November 4, 2024. |
This Amendment No. 5 to Schedule 13D (this Statement) amends and supplements the statement on Schedule 13D (this Schedule 13D) filed with the SEC on June 29, 2021, as Amended by Amendment No. 1 filed with the SEC on November 29, 2021 (Amendment No. 1), Amendment No. 2 to filed with the SEC on December 15, 2021 (Amendment No. 2), Amendment No. 3 filed with the SEC on March 17, 2023 (Amendment No. 3), and Amendment No 4. filed with the SEC on April 21, 2023 (Amendment No. 4). Except as set forth herein, the Schedule 13D is unmodified and remains in full force and effect. Each capitalized term used but not defined herein has the meaning ascribed to such term in the Statement.
Item 2. Identity and Background
Item 2 of the Schedule 13D is hereby amended and restated in its entirety:
This Statement is being filed pursuant to Rule 13d-1 under the Securities Exchange Act of 1934, as amended (the Exchange Act), by the following entities (collectively, the Reporting Persons and each individually a Reporting Person):
1. | Advent International, L.P. (f/k/a Advent International Corporation) (Advent), a Delaware limited partnership; |
2. | Advent International GPE VII, LLC (Advent Top GC), a Delaware limited liability company; |
3. | Wilco Acquisition, LP, a Delaware limited partnership (Wilco Acquisition); |
4. | Wilco GP, Inc., a Delaware corporation (Wilco GP); |
5. | Advent International GPE VII Limited Partnership, a limited partnership organized under the laws of Luxembourg; |
6. | Advent International GPE VII-B Limited Partnership, a limited partnership organized under the laws of Luxembourg; |
7. | Advent International GPE VII-C Limited Partnership, a limited partnership organized under the laws of Luxembourg; |
8. | Advent International GPE VII-D Limited Partnership, a limited partnership organized under the laws of Luxembourg; |
9. | Advent International GPE VII-F Limited Partnership, a limited partnership organized under the laws of Luxembourg; |
10. | Advent International GPE VII-G Limited Partnership, a limited partnership organized under the laws of Luxembourg; |
11. | GPE VII GP S.a.r.l. (Advent GP Luxembourg), a corporation organized under the laws of Luxembourg; |
12. | Advent International GPE VII-A Limited Partnership, a limited partnership organized under the laws of the Cayman Islands; |
13. | Advent International GPE VII-E Limited Partnership, a limited partnership organized under the laws of the Cayman Islands; |
14. | Advent International GPE VII-H Limited Partnership, a limited partnership organized under the laws of the Cayman Islands; |
15. | GPE VII GP Limited Partnership (Advent GP Cayman), a limited partnership organized under the laws of the Cayman Islands; |
16. | Advent Partners GPE VII 2014 Limited Partnership, a Delaware limited partnership; |
17. | Advent Partners GPE VII 2014 Cayman Limited Partnership, a limited partnership organized under the laws of the Cayman Islands; |
18. | Advent Partners GPE VIIA 2014 Limited Partnership, a Delaware limited partnership; |
19. | Advent Partners GPE VIIA 2014 Cayman Limited Partnership, a limited partnership organized under the laws of the Cayman Islands; |
20. | Advent Partners GPE VII Cayman Limited Partnership, a limited partnership organized under the laws of the Cayman Islands; |
21. | Advent Partners GPE VIIB Cayman Limited Partnership, a limited partnership organized under the laws of the Cayman Islands; |
22. | Advent Partners GPE VII Limited Partnership, a Delaware limited partnership; |
23. | Advent Partners GPE VIIA Cayman Limited Partnership, a limited partnership organized under the laws of the Cayman Islands; |
24. | Advent Partners GPE VIIA Limited Partnership, a Delaware limited partnership; and |
25. | GPE VII ATI Co-Investment Limited Partnership (Advent Co-Invest Fund), a Delaware limited partnership. |
The entities listed in subparagraphs (5) through (10) above are herein collectively referred to as Advent Luxembourg Funds. The entities listed in subparagraphs (12) through (14) above are herein collectively referred to as Advent Cayman Funds. The entities listed in subparagraphs (16) through (24) above are herein collectively referred to as Advent AP Funds, and together with the Advent Luxembourg Funds, the Advent
Cayman Funds and Advent Co-Invest Fund, the Advent Funds. Wilco GP, an affiliate of Advent, is the General Partner of Wilco Acquisition. Advent is the manager of Advent Top GC, which in turn is the General Partner of each of Advent GP Cayman, the Advent AP Funds, and the Advent Co-Invest Fund. Advent Top GC is also the manager of Advent GP Luxembourg, which is the General Partner of each of the Advent Luxembourg Funds. Advent GP Cayman is the General Partner of each of the Advent Cayman Funds. The general partner of Advent is managed by a board of managers that is comprised of James Brocklebank, John Maldonado, and David Mussafer (the Advent Board).
The address of the principal business and the principal office of the Reporting Persons is Prudential Tower, 800 Boylston Street, Boston, Massachusetts 02199-8069.
During the last five years, none of the Reporting Persons or, to the knowledge of the Reporting Persons, any of the members of the Advent Board or the persons listed on Schedule A attached hereto have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or 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. A joint filing agreement among the Reporting Persons is attached as Exhibit 1 to this Statement and incorporated herein by reference.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Item 6 of the Schedule 13D is hereby amended to include the following at the end thereof:
Non-Tender Agreement
On December 14, 2024 the Reporting Persons entered into a non-tender agreement with the Issuer (the Non-Tender Agreement), pursuant to which the Reporting Persons have agreed that they will not tender any shares in connection with the Issuers announced tender offer to purchase up to 1,650,000 shares of its Class A Common Stock at a purchase price of $2.85 per Share, net to the seller in cash, without interest thereon and subject to any tax withholding. This description of the Non-Tender Agreement is qualified in its entirety by the full text of such agreement, which is attached hereto as Exhibit 2.
Item 7. Material to be Filed as Exhibits
Exhibit 1 | Joint filing agreement, dated as of December 17, 2024. | |
Exhibit 2 | Non-Tender Agreement, dated as of December 14, 2024, by and among ATI Physical Therapy, Inc. and the Reporting Persons (filed as Exhibit d to the Issuers Schedule to Tender Offer Statement on December 17, 2024, and incorporated herein by reference). |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: December 17, 2024 | ADVENT INTERNATIONAL L.P., | |||
By: ADVENT INTERNATIONAL GP, LLC, | ||||
GENERAL PARTNER | ||||
/s/ Neil Crawford | ||||
Na me: Neil Crawford | ||||
Title: Vice President of Finance | ||||
Date: December 17, 2024 | WILCO ACQUISITION, LP | |||
By: WILCO GP, INC., GENERAL PARTNER | ||||
/s/ John Maldonado | ||||
Name: John Maldonado | ||||
Title: President | ||||
Date: December 17, 2024 | WILCO GP, INC. | |||
/s/ John Maldonado | ||||
Title: President | ||||
Date: December 17, 2024 | ADVENT INTERNATIONAL GPE VII LIMITED | |||
PARTNERSHIP | ||||
ADVENT INTERNATIONAL GPE VII-B LIMITED | ||||
PARTNERSHIP | ||||
ADVENT INTERNATIONAL GPE VII-C LIMITED | ||||
PARTNERSHIP | ||||
ADVENT INTERNATIONAL GPE VII-D LIMITED | ||||
PARTNERSHIP | ||||
ADVENT INTERNATIONAL GPE VII-F LIMITED | ||||
PARTNERSHIP | ||||
ADVENT INTERNATIONAL GPE VII-G LIMITED | ||||
PARTNERSHIP | ||||
By: GPE VII GP S.A.R.L., GENERAL PARTNER | ||||
By: ADVENT INTERNATIONAL GPE VII, LLC, | ||||
MANAGER and | ||||
/s/ Justin Nuccio | ||||
Name: Justin Nuccio | ||||
Title: Manager | ||||
By: ADVENT INTERNATIONAL L.P., | ||||
MANAGER | ||||
By: ADVENT INTERNATIONAL GP, LLC, | ||||
GENERAL PARTNER | ||||
/s/ Neil Crawford | ||||
Name: Neil Crawford | ||||
Title: Vice President of Finance |
ADVENT INTERNATIONAL GPE VII-A LIMITED | ||||
Date: December 17, 2024 | PARTNERSHIP | |||
ADVENT INTERNATIONAL GPE VII-E LIMITED | ||||
PARTNERSHIP | ||||
ADVENT INTERNATIONAL GPE VII-H LIMITED | ||||
PARTNERSHIP | ||||
By: GPE VII GP LIMITED PARTNERSHIP, GENERAL | ||||
PARTNER | ||||
By: ADVENT INTERNATIONAL GPE VII, LLC, | ||||
GENERAL PARTNER | ||||
By: ADVENT INTERNATIONAL L.P., | ||||
MANAGER By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER | ||||
/s/ Neil Crawford | ||||
Name: Neil Crawford | ||||
Title: Vice President of Finance | ||||
Date: December 17, 2024 | ADVENT PARTNERS GPE VII 2014 LIMITED | |||
PARTNERSHIP | ||||
ADVENT PARTNERS GPE VII 2014 CAYMAN | ||||
LIMITED PARTNERSHIP | ||||
ADVENT PARTNERS GPE VIIA 2014 LIMITED | ||||
PARTNERSHIP | ||||
ADVENT PARTNERS GPE VIIA 2014 CAYMAN | ||||
LIMITED PARTNERSHIP | ||||
ADVENT PARTNERS GPE VII CAYMAN LIMITED | ||||
PARTNERSHIP | ||||
ADVENT PARTNERS GPE VIIB CAYMAN | ||||
LIMITED PARTNERSHIP | ||||
ADVENT PARTNERS GPE VII LIMITED | ||||
PARTNERSHIP | ||||
ADVENT PARTNERS GPE VIIA CAYMAN | ||||
LIMITED PARTNERSHIP | ||||
ADVENT PARTNERS GPE VIIA LIMITED | ||||
PARTNERSHIP | ||||
By: ADVENT INTERNATIONAL GPE VII, LLC, | ||||
GENERAL PARTNER | ||||
By: ADVENT INTERNATIONAL L.P., | ||||
MANAGER By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER | ||||
/s/ Neil Crawford | ||||
Name: Neil Crawford | ||||
Title: Vice President of Finance |
Date: December 17, 2024 | GPE VII ATI CO-INVESTMENT (DELAWARE) LIMITED PARTNERSHIP | |||
By: ADVENT INTERNATIONAL GPE VII, LLC, | ||||
GENERAL PARTNER | ||||
By: ADVENT INTERNATIONAL L.P., | ||||
MANAGER
By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER | ||||
/s/ Neil Crawford | ||||
Name: Neil Crawford | ||||
Title: Vice President of Finance | ||||
Date: December 17, 2024 | GPE VII GP S.A.R.L. | |||
By: ADVENT INTERNATIONAL GPE VII, LLC, | ||||
MANAGER and | ||||
/s/ Justin Nuccio | ||||
Name: Justin Nuccio | ||||
Title: Manager | ||||
By: ADVENT INTERNATIONAL L.P., | ||||
MANAGER
By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER | ||||
/s/ Neil Crawford | ||||
Name: Neil Crawford | ||||
Title: Vice President of Finance | ||||
Date: December 17, 2024 | GPE VII GP LIMITED PARTNERSHIP | |||
By: ADVENT INTERNATIONAL GPE VII, LLC, | ||||
GENERAL PARTNER | ||||
By: ADVENT INTERNATIONAL L.P., | ||||
MANAGER By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER | ||||
/s/ Neil Crawford | ||||
Name: Neil Crawford | ||||
Title: Vice President of Finance | ||||
Date: December 17, 2024 | ADVENT INTERNATIONAL GPE VII, LLC | |||
By: ADVENT INTERNATIONAL L.P., | ||||
MANAGER By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER | ||||
/s/ Neil Crawford | ||||
Name: Neil Crawford Title: Vice President of Finance |
SCHEDULE A
1. Wilco GP, Inc.
The name, business address, title, present principal occupation or employment of each of the directors and executive officers of Wilco GP, Inc. (Wilco GP), are set forth below. If no business address is given, the directors or executive officers business address is Prudential Tower, 800 Boylston Street, Boston, Massachusetts 02199-8069. Unless otherwise indicated, each occupation set forth opposite an individuals name refers to Wilco GP. Unless otherwise indicated below, all of the persons listed below are citizens of the United States of America.
Name | Present Principal Occupation Including Name and Address of Employer | |
Directors | ||
John L. Maldonado Christopher Pike |
Director; President Director; Treasurer and Secretary |
Name | Present Principal Occupation Including Name and Address of Employer | |
Executive Officers (Who Are Not Directors) N/A |
2. GPE VII GP S.a.r.l.
The name, business address, title, present principal occupation or employment of each of the managers and executive officers of GPE VII GP S.a.r.l. (Advent GP Luxembourg), are set forth below. If no business address is given, the managers or executive officers business address is Prudential Tower, 800 Boylston Street, Boston, Massachusetts 02199-8069. Unless otherwise indicated, each occupation set forth opposite an individuals name refers to Advent GP Luxembourg. Unless otherwise indicated below, all of the persons listed below are citizens of the United States of America. Ms. Harroch is a citizen of France. Mr. Nuccio is a citizen of the United Kingdom.
Name | Present Principal Occupation Including Name and Address of Employer | |
Managers | ||
Advent International GPE VII, LLC |
Manager | |
Justin Nuccio Linda Harroch Aurélie Comptour |
Manager Manager Manager |
Name | Present Principal Occupation Including Name and Address of Employer | |
Executive Officers (Who Are Not Managers) |
||
N/A |