SC 13G/A: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions
Published on December 9, 2022
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Perimeter Solutions, SA
(Name of Issuer)
Ordinary Shares, nominal value $1.00 per share
(Title of Class of Securities)
L7579L106
(CUSIP Number)
November 30, 2022
(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☒
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Rule 13d-1(b)
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☐
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Rule 13d-1(c)
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☐
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Rule 13d-1(d)
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*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 the 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).
CUSIP No. L7579L106
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SCHEDULE 13G/A
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Page 2 of 7 Pages
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1
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NAMES OF REPORTING PERSONS
Select Equity Group, L.P.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER
OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
0
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6
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SHARED VOTING POWER
16,957,334
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7
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SOLE DISPOSITIVE POWER
0
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8
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SHARED DISPOSITIVE POWER
16,957,334
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||
9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
16,957,334
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||
10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐
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||
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.7%
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12
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TYPE OF REPORTING PERSON
IA
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* Beneficial ownership based on 157,261,470 ordinary shares outstanding as of November 1, 2022, as reported on the Issuer’s Quarterly Report pursuant to
Section 13 or 15(d) (the “10-Q”) filed with the Securities and Exchange Commission (the “SEC”) on November 4, 2022, plus 1,375,000 ordinary shares underlying warrants owned by the Select Reporting Persons.
2
CUSIP No. L7579L106
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SCHEDULE 13G/A
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Page 3 of 7 Pages
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1
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NAMES OF REPORTING PERSONS
George S. Loening
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☐
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||
3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5
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SOLE VOTING POWER
0
|
|
6
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SHARED VOTING POWER
16,957,334
|
||
7
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SOLE DISPOSITIVE POWER
0
|
||
8
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SHARED DISPOSITIVE POWER
16,957,334
|
||
9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
16,957,334
|
||
10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐
|
||
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.7%
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||
12
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TYPE OF REPORTING PERSON
IN/HC
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* Beneficial ownership based on 157,261,470 ordinary shares outstanding as of November 1, 2022, as reported on the 10-Q filed with the SEC on November 4,
2022, plus 1,375,000 ordinary shares underlying warrants owned by the Select Reporting Persons.
3
Item 1(a)
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Name of Issuer:
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Perimeter Solutions, SA
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Item 1(b)
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Address of Issuer’s Principal Executive Offices:
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12E rue Guillaume Kroll,
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L-1882 Luxembourg
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Grand Duchy of Luxembourg
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Items 2(a)
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Name of Person Filing:
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This Schedule 13G is being filed jointly by Select Equity Group, L.P., a Delaware limited partnership (“Select LP”) and George S. Loening
(“Loening”), who is the majority owner of Select LP and managing member of its general partner. Select LP and Loening are sometimes jointly referred to herein as the “Select Reporting Persons.”
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Item 2(b)
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Address of Principal Business Office:
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The business address of each of Select LP and Loening is:
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380 Lafayette Street
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New York, New York 10003.
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Item 2(c)
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Citizenship:
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George S. Loening is a United States citizen.
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Item 2(d)
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Title of Class of Securities:
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Ordinary Shares, nominal value of $1.00 per share
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Item 2(e)
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CUSIP Number:
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L7579L106
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Item 3
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If this statement is filed pursuant to Rules
13d-1(b), or 13d-2(b) or (c), check whether the person filing is:
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(a)
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☐ Broker or dealer registered under Section 15 of the Act;
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(b)
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☐ Bank as defined in Section 3(a)(6) of the Act;
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(c)
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☐ Insurance company as defined in Section 3(a)(19) of the Act;
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(d)
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☐ Investment company registered under Section 8 of the Investment Company Act of 1940;
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(e)
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☒ An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
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(f)
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☐ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
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(g)
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☒ A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
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(h)
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☐ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;
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(j)
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☐ A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
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(k)
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☐ Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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4
Item 4
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Ownership:
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The information required by Items 4(a)-(c), as of the date hereof, is set forth in Rows 5-11 of the cover page hereto for each
Select Reporting Person and is incorporated herein by reference for each such Select Reporting Person.
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Item 5
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Ownership of Five Percent or Less of a Class:
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If this statement is being filed to report the fact that as of the date hereof a reporting person has ceased to be the
beneficial owner of more than 5 percent of the class of securities, check the following ☐.
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Item 6
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Ownership of More than Five Percent on Behalf of
Another Person:
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N/A
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Item 7
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Identification and
Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:
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See Exhibit 99.1
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Item 8
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Identification and Classification of Members of
the Group:
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N/A
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Item 9
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Notice of Dissolution of Group:
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N/A
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Item 10
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Certification:
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in
the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
5
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
SELECT EQUITY GROUP, L.P.
By: Select Equity GP, LLC, its General Partner
By: /s/ George S. Loening
Name: George S. Loening
Title: Managing Member
/s/ George S. Loening
George S. Loening, an individual
Dated: December 9, 2022