0001193125-13-036649.txt : 20130204 0001193125-13-036649.hdr.sgml : 20130204 20130204160034 ACCESSION NUMBER: 0001193125-13-036649 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130204 DATE AS OF CHANGE: 20130204 GROUP MEMBERS: VARDE FUND IX, L.P. GROUP MEMBERS: VARDE FUND IX-A, L.P. GROUP MEMBERS: VARDE FUND V-B, L.P. GROUP MEMBERS: VARDE FUND VI-A, L.P. GROUP MEMBERS: VARDE FUND VII-B, L.P. GROUP MEMBERS: VARDE FUND VIII, L.P. GROUP MEMBERS: VARDE FUND X (MASTER), L.P. GROUP MEMBERS: VARDE FUND, L.P. GROUP MEMBERS: VARDE INVESTMENT PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERVEST BANCSHARES CORP CENTRAL INDEX KEY: 0000927807 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 133699013 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-53519 FILM NUMBER: 13570007 BUSINESS ADDRESS: STREET 1: 1 ROCKEFELLER PLAZA STREET 2: SUITE 400 CITY: NEW YORK STATE: NY ZIP: 10020-2002 BUSINESS PHONE: 2122182800 MAIL ADDRESS: STREET 1: 1 ROCKEFELLER PLAZA STREET 2: SUITE 400 CITY: NEW YORK STATE: NY ZIP: 10020-2002 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VARDE PARTNERS LP CENTRAL INDEX KEY: 0001138267 IRS NUMBER: 411780760 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 3600 WEST 80TH STREET STREET 2: SUITE 425 CITY: MINNEAPOLIS STATE: MN ZIP: 55431 BUSINESS PHONE: 9528931554 MAIL ADDRESS: STREET 1: 3600 WEST 80TH STREET STREET 2: SUITE 425 CITY: MINNEAPOLIS STATE: MN ZIP: 55431 SC 13G/A 1 d479476dsc13ga.htm SCHEDULE 13G AMENDMENT NO. 1 Schedule 13G Amendment No. 1

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

(Amendment No. 1)

 

 

Intervest Bancshares Corporation

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

460927106

(CUSIP Number)

January 25, 2013

(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)

x Rule 13d-1(c)

¨ Rule 13d-1(d)

 

 

 

CUSIP No.: 460927106   Page 2 of 17

 

  1   

NAMES OF REPORTING PERSONS:

 

Värde Partners, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

(a)  x

 

(b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION:

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5    

SOLE VOTING POWER:

 

None

   6   

SHARED VOTING POWER:

 

None

   7   

SOLE DISPOSITIVE POWER:

 

None

   8   

SHARED DISPOSITIVE POWER:

 

None

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

None

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

¨

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9:

 

None

12  

TYPE OF REPORTING PERSON (see instructions):

 

IA

 

CUSIP No.: 460927106   Page 3 of 17

 

  1   

NAMES OF REPORTING PERSONS:

 

Värde Investment Partners, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

(a)  x

 

(b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION:

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5    

SOLE VOTING POWER:

 

None

   6   

SHARED VOTING POWER:

 

None

   7   

SOLE DISPOSITIVE POWER:

 

None

   8   

SHARED DISPOSITIVE POWER:

 

None

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

None

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

¨

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9:

 

None

12  

TYPE OF REPORTING PERSON (see instructions):

 

PN

CUSIP No.: 460927106   Page 4 of 17

 

  1   

NAMES OF REPORTING PERSONS:

 

The Värde Fund, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

(a)  x

 

(b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION:

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5    

SOLE VOTING POWER:

 

None

   6   

SHARED VOTING POWER:

 

None

   7   

SOLE DISPOSITIVE POWER:

 

None

   8   

SHARED DISPOSITIVE POWER:

 

None

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

None

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

¨

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9:

 

None

12  

TYPE OF REPORTING PERSON (see instructions):

 

PN

CUSIP No.: 460927106   Page 5 of 17

 

  1   

NAMES OF REPORTING PERSONS:

 

The Värde Fund V-B, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

(a)  x

 

(b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION:

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5    

SOLE VOTING POWER:

 

None

   6   

SHARED VOTING POWER:

 

None

   7   

SOLE DISPOSITIVE POWER:

 

None

   8   

SHARED DISPOSITIVE POWER:

 

None

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

None

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

¨

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9:

 

None

12  

TYPE OF REPORTING PERSON (see instructions):

 

PN

CUSIP No.: 460927106   Page 6 of 17

 

  1   

NAMES OF REPORTING PERSONS:

 

The Värde Fund VI-A, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

(a)  x

 

(b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION:

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5    

SOLE VOTING POWER:

 

None

   6   

SHARED VOTING POWER:

 

None

   7   

SOLE DISPOSITIVE POWER:

 

None

   8   

SHARED DISPOSITIVE POWER:

 

None

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

None

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

¨

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9:

 

None

12  

TYPE OF REPORTING PERSON (see instructions):

 

PN

CUSIP No.: 460927106   Page 7 of 17

 

  1   

NAMES OF REPORTING PERSONS:

 

The Värde Fund VII-B, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

(a)  x

 

(b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION:

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5    

SOLE VOTING POWER:

 

None

   6   

SHARED VOTING POWER:

 

None

   7   

SOLE DISPOSITIVE POWER:

 

None

   8   

SHARED DISPOSITIVE POWER:

 

None

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

None

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

¨

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9:

 

None

12  

TYPE OF REPORTING PERSON (see instructions):

 

PN

CUSIP No.: 460927106   Page 8 of 17

 

  1   

NAMES OF REPORTING PERSONS:

 

The Värde Fund VIII, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

(a)  x

 

(b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION:

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5    

SOLE VOTING POWER:

 

None

   6   

SHARED VOTING POWER:

 

None

   7   

SOLE DISPOSITIVE POWER:

 

None

   8   

SHARED DISPOSITIVE POWER:

 

None

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

None

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

¨

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9:

 

None

12  

TYPE OF REPORTING PERSON (see instructions):

 

PN

CUSIP No.: 460927106   Page 9 of 17

 

  1   

NAMES OF REPORTING PERSONS:

 

The Värde Fund IX, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

(a)  x

 

(b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION:

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5    

SOLE VOTING POWER:

 

None

   6   

SHARED VOTING POWER:

 

None

   7   

SOLE DISPOSITIVE POWER:

 

None

   8   

SHARED DISPOSITIVE POWER:

 

None

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

None

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

¨

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9:

 

None

12  

TYPE OF REPORTING PERSON (see instructions):

 

PN

CUSIP No.: 460927106   Page 10 of 17

 

  1   

NAMES OF REPORTING PERSONS:

 

The Värde Fund IX-A, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

(a)  x

 

(b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION:

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5    

SOLE VOTING POWER:

 

None

   6   

SHARED VOTING POWER:

 

None

   7   

SOLE DISPOSITIVE POWER:

 

None

   8   

SHARED DISPOSITIVE POWER:

 

None

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

None

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

¨

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9:

 

None

12  

TYPE OF REPORTING PERSON (see instructions):

 

PN

CUSIP No.: 460927106   Page 11 of 17

 

  1   

NAMES OF REPORTING PERSONS:

 

The Värde Fund X (Master), L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

(a)  x

 

(b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION:

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5    

SOLE VOTING POWER:

 

None

   6   

SHARED VOTING POWER:

 

None

   7   

SOLE DISPOSITIVE POWER:

 

None

   8   

SHARED DISPOSITIVE POWER:

 

None

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

None

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

¨

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9:

 

None

12  

TYPE OF REPORTING PERSON (see instructions):

 

PN

   Page 12 of 17

 

Explanatory Note

This Amendment No. 1 amends and supplements the Schedule 13G originally filed with the Securities and Exchange Commission (SEC) on June 4, 2010. The Reporting Persons no longer beneficially own any shares of the Class A Common Stock of Intervest Bancshares Corporation.

 

Item 1(a).  Name of Issuer:

Intervest Bancshares Corporation

 

Item 1(b).  Address of Issuer’s Principal Executive Offices:

One Rockefeller Plaza, Suite 400

New York, New York 10020-2002

 

Item 2(a).  Name of Person Filing:

Värde Partners, L.P., a Delaware limited partnership, is the direct or indirect general partner of each of Värde Investment Partners, L.P., The Värde Fund, L.P., The Värde Fund V-B, L.P., The Värde Fund VI-A, L.P., The Värde Fund VII-B, L.P., The Värde Fund VIII, L.P., The Värde Fund IX, L.P., The Värde Fund IX-A, L.P. and The Värde Fund X (Master), L.P. (collectively, the “Värde Funds” and, together with Värde Partners, L.P., the “Värde Entities”).

 

Item 2(b).  Address of Principal Business Office or, if none, Residence:

8500 Normandale Lake Blvd., Suite 1500

Minneapolis, MN 55437

 

Item 2(c).  Citizenship:

Not applicable.

 

Item 2(d).  Title of Class of Securities:

Class A Common Stock

 

Item 2(e).  CUSIP Number:

460927106

 

Item 3.  If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)    ¨    Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)    ¨    Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

   Page 13 of 17

 

(c)    ¨    Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)    ¨    Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a–8);
(e)    ¨    An investment adviser in accordance with §240.13d–1(b)(1)(ii)(E);
(f)    ¨    An employee benefit plan or endowment fund in accordance with §240.13d–1(b)(1)(ii)(F);
(g)    ¨    A parent holding company or control person in accordance with §240.13d–1(b)(1)(ii)(G);
(h)    ¨    A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)    ¨    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 (15 U.S.C. 80a–3);
(j)    ¨    A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J); and
(k)    ¨    Group, in accordance with §240.13d–1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J), please specify the type of

institution:                     .

 

Item 4.  Ownership.

 

Item 4(a) Amount beneficially owned: None.

 

Item 4(b) Percent of Class: None.

 

Item 4(c) Number of shares as to which such person has:

 

  (i) Sole power to vote or to direct the vote: None.

 

  (ii) Shared power to vote or to direct the vote: None.

 

  (iii) Sole power to dispose or to direct the disposition of: None.

 

  (iv) Shared power to dispose or to direct the disposition of: None.

 

Item 5.  Ownership of Five Percent or Less of a Class.

If this statement is being 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. x

 

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

   Page 14 of 17

 

Item 7.  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the parent Holding Company or Control Person.

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.  Certifications.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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.

   Page 15 of 17

 

SIGNATURES

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.

Dated: February 4, 2013

 

VÄRDE PARTNERS, L.P.

By Värde Partners, Inc., Its General Partner

By:   /s/ Christopher N. Giles
Name: Christopher N. Giles
Title: Senior Managing Director
 

VÄRDE INVESTMENT PARTNERS, L.P.

By Värde Investment Partners G.P., LLC, Its General Partner

By Värde Partners, L.P., Its Managing Member

By Värde Partners, Inc., Its General Partner

 
By:  

/s/ Christopher N. Giles

Name: Christopher N. Giles
Title: Senior Managing Director
 

THE VÄRDE FUND, L.P.

By Värde Partners, L.P., Its General Partner

By Värde Partners, Inc., Its General Partner

 
By:  

/s/ Christopher N. Giles

Name: Christopher N. Giles
Title: Senior Managing Director

   Page 16 of 17

 

THE VÄRDE FUND V-B, L.P.

By Värde Fund V GP, LLC, Its General Partner

By Värde Partners, L.P., Its Managing Member

By Värde Partners, Inc., Its General Partner

By: /s/ Christopher N. Giles                                                                                          

Name: Christopher N. Giles

Title: Senior Managing Director

THE VÄRDE FUND VI-A, L.P.

By Värde Investment Partners G.P., LLC, Its General Partner

By Värde Partners, L.P., Its Managing Member

By Värde Partners, Inc., Its General Partner

By: /s/ Christopher N. Giles                                                                                          

Name: Christopher N. Giles

Title: Senior Managing Director

THE VÄRDE FUND VII-B, L.P.

By Värde Investment Partners G.P., LLC, Its General Partner

By Värde Partners, L.P., Its Managing Member

By Värde Partners, Inc., Its General Partner

By: /s/ Christopher N. Giles                                                                                          

Name: Christopher N. Giles

Title: Senior Managing Director

THE VÄRDE FUND VIII, L.P.

By Värde Fund VIII G.P., LLC, Its General Partner

By Värde Partners, L.P., Its Managing Member

By Värde Partners, Inc., Its General Partner

By: /s/ Christopher N. Giles                                                                                          

Name: Christopher N. Giles

Title: Senior Managing Director

   Page 17 of 17

 

THE VÄRDE FUND IX, L.P.

By Värde Fund IX G.P., LLC, Its General Partner

By Värde Partners, L.P., Its Managing Member

By Värde Partners, Inc., Its General Partner

By: /s/ Christopher N. Giles                                                                                          

Name: Christopher N. Giles

Title: Senior Managing Director

THE VÄRDE FUND IX-A, L.P.

By Värde Fund IX G.P., LLC, Its General Partner

By Värde Partners, L.P., Its Managing Member

By Värde Partners, Inc., Its General Partner

By: /s/ Christopher N. Giles                                                                                          

Name: Christopher N. Giles

Title: Senior Managing Director

THE VÄRDE FUND X (MASTER), L.P.

By The Värde Fund X (GP), L.P., Its General Partner

By The Värde Fund X GP, LLC, Its General Partner

By Värde Partners, L.P., Its Managing Member

By Värde Partners, Inc., Its General Partner

By: /s/ Christopher N. Giles                                                                                          

Name: Christopher N. Giles

Title: Senior Managing Director