-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RFo6KsMIKbe+EtSZIG+uv1PwhOOwwtuHqc5m4Z4L/vJ1HsSu4F2S9F023YfnrD53 kMbJAdekd72yd6BI2jQGfQ== 0000950142-05-000325.txt : 20050209 0000950142-05-000325.hdr.sgml : 20050209 20050209113111 ACCESSION NUMBER: 0000950142-05-000325 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20050209 DATE AS OF CHANGE: 20050209 GROUP MEMBERS: OAK HILL CAPITAL MANAGEMENT PARTNERS L.P. GROUP MEMBERS: OAK HILL CAPITAL PARTNERS L.P. GROUP MEMBERS: OHCP GENPAR L.P. GROUP MEMBERS: OHCP MGP, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BLACKBOARD INC CENTRAL INDEX KEY: 0001106942 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 522081178 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-80312 FILM NUMBER: 05587192 BUSINESS ADDRESS: STREET 1: 1899 L ST NW STREET 2: 5TH FLR CITY: WASHINGTON STATE: DC ZIP: 20036 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: OAK HILL CAPITAL PARTNERS L P CENTRAL INDEX KEY: 0001077774 IRS NUMBER: 223624482 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 201 MAIN STREET SUITE 2300 CITY: FORT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 8173908500 MAIL ADDRESS: STREET 1: KEYSTONE INC STREET 2: 201 MAIN STREET SUITE 3100 CITY: FORT WORTH STATE: TX ZIP: 76102 SC 13G 1 sc13g-blackboard.txt BLACKBOARD INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 BLACKBOARD INC. (Name of Issuer) COMMON STOCK, PAR VALUE $.01 PER SHARE (Title of Class of Securities) 091935502 (CUSIP Number) DECEMBER 31, 2004 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed. [_] Rule 13d-1(b) [_] Rule 13d-1(c) [X] Rule 13d-1(d) *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 reminder 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). **The total number of shares reported herein is 3,405,610 shares, which constitutes approximately 13.2% of the total number of shares outstanding. All ownership percentages set forth herein assume that there are 25,679,064 shares outstanding. CUSIP No. 091935502 2 ================================================================================ - -------------------------------------------------------------------------------- 1. Name of Reporting Person: Oak Hill Capital Partners, L.P. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power: 3,320,472 Number of Shares ------------------------------------------------ Beneficially 6. Shared Voting Power: -0- Owned By Each ------------------------------------------------ Reporting 7. Sole Dispositive Power: 3,320,472 Person With ------------------------------------------------ 8. Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 3,320,472 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares: [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 12.9% - -------------------------------------------------------------------------------- 12. Type of Reporting Person: PN - -------------------------------------------------------------------------------- CUSIP No. 091935502 3 ================================================================================ - -------------------------------------------------------------------------------- 1. Name of Reporting Person: Oak Hill Capital Management Partners, L.P. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power: 85,138 Number of Shares ------------------------------------------------ Beneficially 6. Shared Voting Power: -0- Owned By Each ------------------------------------------------ Reporting 7. Sole Dispositive Power: 85,138 Person With ------------------------------------------------ 8. Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 85,138 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares: [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 0.3% - -------------------------------------------------------------------------------- 12. Type of Reporting Person: PN - -------------------------------------------------------------------------------- CUSIP No. 091935502 4 ================================================================================ - -------------------------------------------------------------------------------- 1. Name of Reporting Person: OHCP GenPar L.P. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power: 3,405,610 Number of Shares ------------------------------------------------ Beneficially 6. Shared Voting Power: -0- Owned By Each ------------------------------------------------ Reporting 7. Sole Dispositive Power: 3,405,610 Person With ------------------------------------------------ 8. Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 3,405,610 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares: [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 13.2% - -------------------------------------------------------------------------------- 12. Type of Reporting Person: PN - -------------------------------------------------------------------------------- CUSIP No. 091935502 5 ================================================================================ - -------------------------------------------------------------------------------- 1. Name of Reporting Person: OHCP MGP, LLC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power: 3,405,610 Number of Shares ------------------------------------------------ Beneficially 6. Shared Voting Power: -0- Owned By Each ------------------------------------------------ Reporting 7. Sole Dispositive Power: 3,405,610 Person With ------------------------------------------------ 8. Shared Dispositive Power: -0- - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 3,405,610 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares: [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 13.2% - -------------------------------------------------------------------------------- 12. Type of Reporting Person: OO - -------------------------------------------------------------------------------- CUSIP No. 091935502 6 ================================================================================ SCHEDULE 13G This Schedule 13G is filed by the undersigned with respect to the shares of common stock, par value $.01 per share (the "Common Stock"), of Blackboard Inc. (the "Company"). Item 1. (a) NAME OF ISSUER Blackboard Inc. (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES 1899 L Street, N.W. Washington, D.C. 20036 Item 2. (a) NAMES OF PERSONS FILING Oak Hill Capital Partners, L.P. ("OHCP"); Oak Hill Capital Management Partners, L.P. ("OHCMP"); OHCP GenPar, L.P. ("OHCP GenPar"); and OHCP MGP, LLC ("OHCP MGP" and together with OHCP, OHCMP and OHCP GenPar, the "Reporting Persons"). The Reporting Persons are making this single, joint filing because they may be deemed to constitute a "group" within the meaning of Section 13(d)(3) of the Act, although neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Reporting Persons that such a group exists. (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE 201 Main Street Suite 2415 Fort Worth, TX 76102 (c) CITIZENSHIP OHCP - Delaware OHCMP - Delaware GenPar - Delaware MGP - Delaware (d) TITLE OF CLASS OF SECURITIES Common Stock, par value $.01 per share (the "Shares") CUSIP No. 091935502 7 ================================================================================ (e) CUSIP NUMBER 091935502 Item 3. This Schedule 13G Statement is not being filed pursuant to Rule 13d-1(b) or Rule 13d-2(b) or (c). Item 4. (a) - (b) OHCP OHCP beneficially owns an aggregate of 3,320,472 shares of Common Stock, which represents approximately 12.9% of the issued and outstanding shares of Common Stock. OHCMP OHCMP beneficially owns an aggregate of 85,138 shares of Common Stock, which represents approximately 0.3% of the issued and outstanding shares of Common Stock. OHCP GenPar GenPar is the general partner of both OHCP and OHCMP. As the general partner of OHCP and OHCMP, OHCP GenPar beneficially owns an aggregate of 3,405,610 shares of Common Stock, which represents approximately 13.2% of the issued and outstanding shares of Common Stock. OHCP MGP OHCP MGP is the general partner of GenPar. As the general partner of GenPar, MGP may be deemed to beneficially own an aggregate of 3,405,610 shares of Common Stock, which represents approximately 13.2% of the issued and outstanding shares of Common Stock. (c) OHCP OHCP has the sole power to vote or direct the vote of 3,320,472 shares of Common Stock and the sole power to dispose or to direct the disposition of 3,320,472 shares of Common Stock. OHCMP CUSIP No. 091935502 8 ================================================================================ OHCMP has the sole power to vote or direct the vote of 85,138 shares of Common Stock and the sole power to dispose or to direct the disposition of 85,138 shares of Common Stock. OHCP GenPar As the general partner of OHCP and OHCMP, OHCP GenPar has the sole power to vote or direct the vote of 3,405,610 shares of Common Stock and the sole power to dispose or to direct the disposition of 3,405,610 shares of Common Stock. OHCP MGP As the general partner of GenPar, MGP may be deemed to have the sole power to vote or direct the vote of 3,405,610 shares of Common Stock and the sole power to dispose or to direct the disposition of 3,405,610 shares of Common Stock. Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS Not applicable. Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Not applicable. Item 7. IDENTIFICATION AND CLASSIFICATION OF SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable. Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not applicable. Item 9. NOTICE OF DISSOLUTION OF GROUP Not applicable. Item 10. CERTIFICATION Not applicable. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] CUSIP No. 091935502 9 ================================================================================ SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Dated as of February 9, 2005 OAK HILL CAPITAL PARTNERS, L.P. By: OHCP GenPar, L.P. its General Partner By: OHCP MGP, LLC its General Partner By: /s/ Kevin G. Levy ---------------------------- Name: Kevin G. Levy Title: Vice President OAK HILL CAPITAL MANAGEMENT PARTNERS, L.P. By: OHCP GenPar, L.P. its General Partner By: OHCP MGP, LLC its General Partner By: /s/ Kevin G. Levy ---------------------------- Name: Kevin G. Levy Title: Vice President OHCP GENPAR, L.P. By: OHCP MGP, LLC its General Partner By: /s/ Kevin G. Levy ---------------------------- Title: Vice President CUSIP No. 091935502 10 ================================================================================ OHCP MGP, LLC By: /s/ Kevin G. Levy ------------------------------------- Name: Kevin G. Levy Title: Vice President EX-99 2 ex1_sc13g-blackboard.txt EXHIBIT 1 CUSIP No. 091935502 11 ================================================================================ EXHIBIT 1 --------- STATEMENT PURSUANT TO RULE 13d-1(k)(1) The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him, her or it contained herein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she or it knows or has reason to believe that such information is accurate. Dated: February 9, 2005 OAK HILL CAPITAL PARTNERS, L.P. By: OHCP GenPar, L.P. its General Partner By: OHCP MGP, LLC its General Partner By: /s/ Kevin G. Levy ---------------------------- Name: Kevin G. Levy Title: Vice President OAK HILL CAPITAL MANAGEMENT PARTNERS, L.P. By: OHCP GenPar, L.P. its General Partner CUSIP No. 091935502 12 ================================================================================ By: OHCP MGP, LLC its General Partner By: /s/ Kevin G. Levy ---------------------------- Name: Kevin G. Levy Title: Vice President OHCP GENPAR, L.P. By: OHCP MGP, LLC its General Partner By: /s/ Kevin G. Levy ---------------------------- Title: Vice President OHCP MGP, LLC By: /s/ Kevin G. Levy ------------------------------------- Name: Kevin G. Levy Title: Vice President -----END PRIVACY-ENHANCED MESSAGE-----