-----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, LU1KRgNpM/v9Kl9Fr5Ur1Rg9ONFWoPy5lgw32Mk+tijZLbfB6pbyehiYfE22vdKS 4auh9CADfDnwpsMsC2S/hw== 0001193125-05-024555.txt : 20050210 0001193125-05-024555.hdr.sgml : 20050210 20050210115125 ACCESSION NUMBER: 0001193125-05-024555 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050210 DATE AS OF CHANGE: 20050210 GROUP MEMBERS: C/S VENTURE INVESTORS, L.P. GROUP MEMBERS: CARLYLE U.S. VENTURE PARTNERS, L.P. GROUP MEMBERS: CARLYLE VENTURE COINVESTMENT, L.L.C. GROUP MEMBERS: CARLYLE VENTURE PARTNERS, L.P. GROUP MEMBERS: TC GROUP, LLC GROUP MEMBERS: TCG VENTURES ,L.L.C GROUP MEMBERS: TCG VENTURES, LTD 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: 05591479 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: TCG HOLDINGS LLC CENTRAL INDEX KEY: 0001022596 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: C/O CARLYLE GROUP STREET 2: 1001 PENNSYLVANIA AVE., NW, STE. 220 S CITY: WASHINGTON STATE: DC ZIP: 20004-2505 BUSINESS PHONE: 2023472626 SC 13G 1 dsc13g.htm FORM SC 13G FORM SC 13G

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 $0.01 Per Share

(Title of Class of Securities)

 

 

091935 50 2

                                (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)

CUSIP No. 091935 50 2

   13G

 

  1.  

Name of Reporting Person:

 

            TCG Holdings, L.L.C

 

IRS Identification Number of Above Person:

 

            N/A

    
  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

    

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

with:

  

  5.    Sole Voting Power

 

                0

  6.    Shared Voting Power

 

                1,876,057

  7.    Sole Dispositive Power

 

                0

  8.    Shared Dispositive Power

 

                1,876,057

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

            1,876,057

    
10.  

Check Box if the Aggregate Amount in Row 9 Excludes Certain Shares

 

  

¨

 

11.  

Percent of Class Represented by Amount in Row 9

 

            7.3%

    
12.  

Type of Reporting Person

 

            OO (Limited Liability Company)

    

 

 

2

CUSIP No. 091935 50 2

   13G

 

  1.  

Name of Reporting Person:

 

            TC Group, L.L.C.

 

IRS Identification Number of Above Person:

 

            N/A

    
  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

    

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

with:

  

  5.    Sole Voting Power

 

                0

  6.    Shared Voting Power

 

                1,876,057

  7.    Sole Dispositive Power

 

                0

  8.    Shared Dispositive Power

 

                1,876,057

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

            1,876,057

    
10.  

Check Box if the Aggregate Amount in Row 9 Excludes Certain Shares

 

  

¨

 

11.  

Percent of Class Represented by Amount in Row 9

 

            7.3%

    
12.  

Type of Reporting Person

 

            OO (Limited Liability Company)

    

 

 

3

CUSIP No. 091935 50 2

   13G

 

  1.  

Name of Reporting Person:

 

            TCG Ventures, L.L.C.

 

IRS Identification Number of Above Person:

 

            52-2033506

    
  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

    

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

with:

  

  5.    Sole Voting Power

 

                0

  6.    Shared Voting Power

 

                1,876,057

  7.    Sole Dispositive Power

 

                0

  8.    Shared Dispositive Power

 

                1,876,057

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

            1,876,057

    
10.  

Check Box if the Aggregate Amount in Row 9 Excludes Certain Shares

 

  

¨

 

11.  

Percent of Class Represented by Amount in Row 9

 

            7.3%

    
12.  

Type of Reporting Person

 

            OO (Limited Liability Company)

    

 

 

4

CUSIP No. 091935 50 2

   13G

 

  1.  

Name of Reporting Person:

 

            TCG Ventures, Ltd.

 

IRS Identification Number of Above Person:

 

            98-0182779

    
  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨

(b)  x

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization:

 

            Cayman Islands

    

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

with:

  

  5.    Sole Voting Power

 

                0

  6.    Shared Voting Power

 

                1,594,601

  7.    Sole Dispositive Power

 

                0

  8.    Shared Dispositive Power

 

                1,594,601

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

            1,594,601

    
10.  

Check Box if the Aggregate Amount in Row 9 Excludes Certain Shares

 

  

¨

 

11.  

Percent of Class Represented by Amount in Row 9

 

            6.2%

    
12.  

Type of Reporting Person

 

            CO (Corporation)

    

 

 

5

CUSIP No. 091935 50 2

   13G

 

  1.  

Name of Reporting Person:

 

            Carlyle U.S. Venture Partners, L.P.

 

IRS Identification Number of Above Person:

 

            52-2038006

    
  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

    

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

with:

  

  5.    Sole Voting Power

 

                0

  6.    Shared Voting Power

 

                175,052

  7.    Sole Dispositive Power

 

                0

  8.    Shared Dispositive Power

 

                175,052

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

            175,052

    
10.  

Check Box if the Aggregate Amount in Row 9 Excludes Certain Shares

 

  

¨

 

11.  

Percent of Class Represented by Amount in Row 9

 

            0.7%

    
12.  

Type of Reporting Person

 

            PN

    

 

 

6

CUSIP No. 091935 50 2

   13G

 

  1.  

Name of Reporting Person:

 

            Carlyle Venture Coinvestment, L.L.C.

 

IRS Identification Number of Above Person:

 

            52-2033493

    
  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

    

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

with:

  

  5.    Sole Voting Power

 

                0

  6.    Shared Voting Power

 

                106,404

  7.    Sole Dispositive Power

 

                0

  8.    Shared Dispositive Power

 

                106,404

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

            106,404

    
10.  

Check Box if the Aggregate Amount in Row 9 Excludes Certain Shares

 

  

¨

 

11.  

Percent of Class Represented by Amount in Row 9

 

            0.4%

    
12.  

Type of Reporting Person

 

            OO (Limited Liability Company)

    

 

 

7

CUSIP No. 091935 50 2

   13G

 

  1.  

Name of Reporting Person:

 

            Carlyle Venture Partners, L.P.

 

IRS Identification Number of Above Person:

 

            98-0181877

    
  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨

(b)  x

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization:

 

            Cayman Islands

    

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

with:

  

  5.    Sole Voting Power

 

                0

  6.    Shared Voting Power

 

                1,319,926

  7.    Sole Dispositive Power

 

                0

  8.    Shared Dispositive Power

 

                1,319,926

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

            1,319,926

    
10.  

Check Box if the Aggregate Amount in Row 9 Excludes Certain Shares

 

  

¨

 

11.  

Percent of Class Represented by Amount in Row 9

 

            5.1%

    
12.  

Type of Reporting Person

 

            PN

    

 

 

8

CUSIP No. 091935 50 2

   13G

 

  1.  

Name of Reporting Person:

 

            C/S Venture Investors, L.P.

 

IRS Identification Number of Above Person:

 

            98-0181878

    
  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨

(b)  x

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization:

 

            Cayman Islands

    

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

with:

  

  5.    Sole Voting Power

 

                0

  6.    Shared Voting Power

 

                274,675

  7.    Sole Dispositive Power

 

                0

  8.    Shared Dispositive Power

 

                274,675

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

            274,675

    
10.  

Check Box if the Aggregate Amount in Row 9 Excludes Certain Shares

 

  

¨

 

11.  

Percent of Class Represented by Amount in Row 9

 

            1.1%

    
12.  

Type of Reporting Person

 

            PN

    

 

 

9

SCHEDULE 13G

 

Item 1

  

(a).

   

Name of Issuer:

 

Blackboard Inc.

          

Item 1

  

(b).

   

Address of Issuer’s Principal Executive Offices:

 

1899 L Street, N.W.

Washington, DC 20036

          

Item 2

  

(a).

   

Name of Person Filing:

 

TCG Holdings, L.L.C.

TC Group, L.L.C.

TCG Ventures, L.L.C.

TCG Ventures, Ltd.

Carlyle U.S. Venture Partners, L.P.

Carlyle Venture Coinvestment, L.L.C.

Carlyle Venture Partners, L.P.

C/S Venture Investors, L.P.

          

Item 2

  

(b).

   

Address of Principal Business Office:

 

c/o The Carlyle Group

1001 Pennsylvania Ave, NW

Suite 220 South

Washington, D.C. 20004-2505

          

Item 2

  

(c).

   

Citizenship:

 

TCG Holdings, L.L.C. - Delaware

TC Group, L.L.C. - Delaware

TCG Ventures, L.L.C. - Delaware

TCG Ventures, Ltd. - Cayman Islands

Carlyle U.S. Venture Partners, L.P. - Delaware

Carlyle Venture Coinvestment, L.L.C. - Delaware

Carlyle Venture Partners, L.P. - Cayman Islands

C/S Venture Investors, L.P. - Cayman Islands

          

Item 2

  

(d).

   

Title of Class of Securities

 

Common Stock, Par Value $0.01 Per Share

          

Item 2

  

(e).

   

CUSIP Number

 

091935 50 2

          

Item 3.

        Not applicable.     
[Remainder of this page has been left intentionally blank.]

 

10

Item 4.

    Ownership          

 

Reporting Person

    Amount
beneficially
owned:
   

Percent

of class:

     Sole
power to
vote or
direct
the vote:
    Shared
power to
vote or to
direct the
vote:
    Sole power
to dispose
or to direct
the
disposition
of:
    Shared
power to
dispose or to
direct the
disposition
of:

TCG Holdings, L.L.C.

    1,876,057    7.3 %   0    1,876,057    0    1,876,057

TC Group, L.L.C.

    1,876,057    7.3 %   0    1,876,057    0    1,876,057

TCG Ventures, L.L.C.

    1,876,057    7.3 %   0    1,876,057    0    1,876,057

TCG Ventures, Ltd.

    1,594,601    6.2 %   0    1,594,601    0    1,594,601

Carlyle U.S. Venture Partners, L.P.

    175,052    0.7 %   0    175,052    0    175,052

Carlyle Venture Coinvestment, L.L.C.

    106,404    0.4 %   0    106,404    0    106,404

Carlyle Venture Partners, L.P.

    1,319,926    5.1 %   0    1,319,926    0    1,319,926

C/S Venture Investors, L.P.

    274,675    1.1 %   0    274,675    0    274,675

 

    

The record holders of common stock, par value $0.01, of Blackboard Inc. (the “Common Stock”) are as follows: (1) Carlyle Venture Partners, L.P., as the record holder of 1,319,926 shares, (2) C/S Venture Investors, L.P., as the record holder of 274,675 shares, (3) Carlyle Venture Coinvestment, L.L.C., as the record holder of 106,404 shares, and (4) Carlyle U.S. Venture Partners, L.P., as the record holder of 175,052 shares.

 

TCG Ventures, Ltd. is (i) the sole general partner of Carlyle Venture Partners, L.P. and (ii) the general partner of C/S Venture Investors, L.P. TCG Ventures, L.L.C. (i) owns 100% of the outstanding capital stock of TCG Ventures Ltd., (ii) is the sole general partner of Carlyle U.S. Venture Partners, L.P., and (iii) is the sole managing member of Carlyle Venture Coinvestment, L.L.C. TC Group, L.L.C. is the sole member of TCG Ventures, L.L.C. TCG Holdings, L.L.C. is the sole managing member of TC Group, L.L.C. Accordingly, (i) TCG Ventures, Ltd., TCG Ventures, L.L.C., TC Group, L.L.C. and TCG Holdings, L.L.C., each may be deemed to be a beneficial owner of the shares of Common Stock owned of record by each of Carlyle Venture Partners, L.P. and C/S Venture Investors, L.P., and (ii) TCG Ventures, L.L.C., TC Group, L.L.C. and TCG Holdings, L.L.C., each may be deemed to be beneficial owners of the shares of Common Stock owned of record by Carlyle U.S. Venture Partners, L.P. and Carlyle Venture Coinvestment, L.L.C.

 

William E. Conway, Jr., Daniel A. D’Aniello and David M. Rubenstein, as the managing directors of TCG Holdings, L.L.C., may be deemed to share beneficial ownership of the shares shown as beneficially owned by each entity. Such persons disclaim such beneficial ownership.

     

 

11

Item 5.

   

Ownership of Five Percent or Less of a Class

 

If this statement has been filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  ¨.

     

Item 6:

   

Ownership of More than Five Percent on Behalf of Another Person:

 

Not applicable.

          

Item 7:

   

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported 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.

          

 

12

Signature Page 1 of 3

 

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:    February             , 2005

 

TCG HOLDINGS, L.L.C.

By:

  

/s/ Daniel A. D’Aniello

Name:

   Daniel A. D’Aniello

Title:

   Managing Director
TC GROUP, L.L.C.

By:

   TCG Holdings, L.L.C., its Managing Member

By:

  

/s/ Daniel A. D’Aniello

Name:

   Daniel A. D’Aniello

Title:

   Managing Director

 

13

Signature Page 2 of 3

 

TCG VENTURES, L.L.C.

By:

   TC Group L.L.C., its Sole Member

By:

   TCG Holdings, L.L.C., its Managing Member

By:

  

/s/ Daniel A. D’Aniello

Name:

   Daniel A. D’Aniello

Title:

   Managing Director
CARLYLE U.S. VENTURE PARTNERS, L.P.

By:

   TCG Ventures, L.L.C., its General Partner

By:

   TC Group L.L.C., its Sole Member

By:

   TCG Holdings, L.L.C., its Managing Member

By:

  

/s/ Daniel A. D’Aniello

Name:

   Daniel A. D’Aniello

Title:

   Managing Director
CARLYLE VENTURE COINVESTMENT, L.L.C.

By:

   TCG Ventures, L.L.C., its Managing Member

By:

   TC Group L.L.C., its Sole Member

By:

   TCG Holdings, L.L.C., its Managing Member

By:

  

/s/ Daniel A. D’Aniello

Name:

   Daniel A. D’Aniello

Title:

   Managing Director

 

14

Signature Page 3 of 3

 

TCG VENTURES, LTD.

By:

   TCG Ventures, L.L.C., its Sole Shareholder

By:

   TC Group L.L.C., its Sole Member

By:

   TCG Holdings, L.L.C., its Managing Member

By:

  

/s/ Daniel A. D’Aniello

Name:

   Daniel A. D’Aniello

Title:

   Managing Director
CARLYLE VENTURE PARTNERS, L.P.

By:

   TCG Ventures, Ltd., its General Partner

By:

   TCG Ventures, L.L.C., its Sole Shareholder

By:

   TC Group L.L.C., its Sole Member

By:

   TCG Holdings, L.L.C., its Managing Member

By:

  

/s/ Daniel A. D’Aniello

Name:

   Daniel A. D’Aniello

Title:

   Managing Director
C/S VENTURE INVESTORS, L.P.

By:

   TCG Ventures, Ltd., its Managing General Partner

By:

   TCG Ventures, L.L.C., its Sole Shareholder

By:

   TC Group L.L.C., its Sole Member

By:

   TCG Holdings, L.L.C., its Managing Member

By:

  

/s/ Daniel A. D’Aniello

Name:

   Daniel A. D’Aniello

Title:

   Managing Director

 

15

LIST OF EXHIBITS

 

Exhibit No.
  

Description

A   Joint Filing Agreement

 

16

EXHIBIT A: Joint Filing Agreement

 

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock, par value $0.01 per share, of Blackboard Inc., a Delaware company, and that this Agreement may be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

 

[Remainder of this page has been left intentionally blank.]

 

17

Signature Page 1 of 3

 

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of the             th day of February, 2005.

 

TCG HOLDINGS, L.L.C.

By:

  

/s/ Daniel A. D’Aniello

Name:

   Daniel A. D’Aniello

Title:

   Managing Director
TC GROUP, L.L.C.

By:

   TCG Holdings, L.L.C., its Managing Member

By:

  

/s/ Daniel A. D’Aniello

Name:

   Daniel A. D’Aniello

Title:

   Managing Director

 

 

18

Signature Page 2 of 3

 

TCG VENTURES, L.L.C.

By:

   TC Group L.L.C., its Sole Member

By:

   TCG Holdings, L.L.C., its Managing Member

By:

  

/s/ Daniel A. D’Aniello

Name:

   Daniel A. D’Aniello

Title:

   Managing Director
CARLYLE U.S. VENTURE PARTNERS, L.P.

By:

   TCG Ventures, L.L.C., its General Partner

By:

   TC Group L.L.C., its Sole Member

By:

   TCG Holdings, L.L.C., its Managing Member

By:

  

/s/ Daniel A. D’Aniello

Name:

   Daniel A. D’Aniello

Title:

   Managing Director
CARLYLE VENTURE COINVESTMENT, L.L.C.

By:

   TCG Ventures, L.L.C., its Managing Member

By:

   TC Group L.L.C., its Sole Member

By:

   TCG Holdings, L.L.C., its Managing Member

By:

  

/s/ Daniel A. D’Aniello

Name:

   Daniel A. D’Aniello

Title:

   Managing Director

 

19

Signature Page 3 of 3

 

TCG VENTURES, LTD.

By:

   TCG Ventures, L.L.C., its Sole Shareholder

By:

   TC Group L.L.C., its Sole Member

By:

   TCG Holdings, L.L.C., its Managing Member

By:

  

/s/ Daniel A. D’Aniello

Name:

   Daniel A. D’Aniello

Title:

   Managing Director
CARLYLE VENTURE PARTNERS, L.P.

By:

   TCG Ventures, Ltd., its General Partner

By:

   TCG Ventures, L.L.C., its Sole Shareholder

By:

   TC Group L.L.C., its Sole Member

By:

   TCG Holdings, L.L.C., its Managing Member

By:

  

/s/ Daniel A. D’Aniello

Name:

   Daniel A. D’Aniello

Title:

   Managing Director
C/S VENTURE INVESTORS, L.P.

By:

   TCG Ventures, Ltd., its Managing General Partner

By:

   TCG Ventures, L.L.C., its Sole Shareholder

By:

   TC Group L.L.C., its Sole Member

By:

   TCG Holdings, L.L.C., its Managing Member

By:

  

/s/ Daniel A. D’Aniello

Name:

   Daniel A. D’Aniello

Title:

   Managing Director

 

20

-----END PRIVACY-ENHANCED MESSAGE-----