0001144204-15-072589.txt : 20151223 0001144204-15-072589.hdr.sgml : 20151223 20151223160129 ACCESSION NUMBER: 0001144204-15-072589 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20151223 DATE AS OF CHANGE: 20151223 GROUP MEMBERS: CHARLES R. KAYE GROUP MEMBERS: JOSEPH P. LANDY GROUP MEMBERS: WARBURG PINCUS & CO. GROUP MEMBERS: WARBURG PINCUS IX GP L.P. GROUP MEMBERS: WARBURG PINCUS LLC GROUP MEMBERS: WARBURG PINCUS PARTNERS GP LLC GROUP MEMBERS: WARBURG PINCUS PARTNERS, L.P. GROUP MEMBERS: WPP GP LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Synutra International, Inc. CENTRAL INDEX KEY: 0001293593 STANDARD INDUSTRIAL CLASSIFICATION: DAIRY PRODUCTS [2020] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80828 FILM NUMBER: 151305861 BUSINESS ADDRESS: STREET 1: 15200 SHADY GROVE ROAD #350 CITY: ROCKVILLE STATE: MD ZIP: 20850 BUSINESS PHONE: 3018403888 MAIL ADDRESS: STREET 1: 15200 SHADY GROVE ROAD #350 CITY: ROCKVILLE STATE: MD ZIP: 20850 FORMER COMPANY: FORMER CONFORMED NAME: Vorsatech Ventures, Inc. DATE OF NAME CHANGE: 20040614 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Warburg Pincus Private Equity IX, L.P. CENTRAL INDEX KEY: 0001332737 IRS NUMBER: 202975990 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O WARBURG PINCUS LLC STREET 2: 450 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212-878-0600 MAIL ADDRESS: STREET 1: C/O WARBURG PINCUS LLC STREET 2: 450 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 SC 13D/A 1 v427671_sc13da.htm SC 13D/A

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 10)*

 

 

SYNUTRA INTERNATIONAL, INC.

(Name of Issuer)

 

Common Stock, Par Value $0.0001 Per Share

(Title of Class of Securities)

 

87164C 10 2

(CUSIP Number)

 

Robert B. Knauss, Esq.

Managing Director and General Counsel

Warburg Pincus LLC

450 Lexington Avenue

New York, NY 10017

(212) 878-0600

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

Copies to:

 

Ning Zhang

Orrick, Herrington & Sutcliffe LLP

5701 China World Tower

No. 1 Jianguomenwai Avenue

Beijing 100004

People’s Republic of China

 

Andrew Thorpe

Orrick, Herrington & Sutcliffe LLP

405 Howard Street

San Francisco, California 94105

 

December 22, 2015

(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-1(e), 240.13d-1(f) or 240.13d-1(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 Rule 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 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 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.: 87164C 10 2    

 

             
1.  

Names of Reporting Persons

 

Warburg Pincus Private Equity IX, L.P.

 

2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨ (b) x

 

 

3.  

SEC Use Only

 

 

4.  

Source of Funds (See Instructions)

 

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

 

4,000,000

 

  9.  

Sole Dispositive Power

 

0

 

  10.  

Shared Dispositive Power

 

4,000,000

 

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

4,000,000

 

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨

 

 

13.  

Percent of Class Represented by Amount in Row (11)

 

7.0%(*)

 

14.  

Type of Reporting Person (See Instructions)

 

PN

 

                   
 
(*) This calculation is based upon a total of 57,188,582 shares outstanding as of November 9, 2015, as reported in the Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2015, of Synutra International, Inc., a Delaware corporation (the “Issuer”), filed with the U.S. Securities and Exchange Commission (the “Commission”) on November 9, 2015.

 

 

 

 

     
CUSIP No.: 87164C 10 2    

 

             
1.  

Names of Reporting Persons

 

Warburg Pincus IX GP L.P.

 

2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨ (b) x

 

 

3.  

SEC Use Only

 

 

4.  

Source of Funds (See Instructions)

 

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

 

4,000,000

 

  9.  

Sole Dispositive Power

 

0

 

  10.  

Shared Dispositive Power

 

4,000,000

 

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

4,000,000

 

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨

 

 

13.  

Percent of Class Represented by Amount in Row (11)

 

7.0%(*)

 

14.  

Type of Reporting Person (See Instructions)

 

PN

 

                   
 
(*) This calculation is based upon a total of 57,188,582 shares outstanding as of November 9, 2015, as reported in the Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2015, of Issuer, filed with the Commission on November 9, 2015.

 

 

 

 

 

     
CUSIP No.: 87164C 10 2    

 

             
1.  

Names of Reporting Persons

 

WPP GP LLC

 

2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨ (b) x

 

 

3.  

SEC Use Only

 

 

4.  

Source of Funds (See Instructions)

 

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

 

4,000,000

 

  9.  

Sole Dispositive Power

 

0

 

  10.  

Shared Dispositive Power

 

4,000,000

 

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

4,000,000

 

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨

 

 

13.  

Percent of Class Represented by Amount in Row (11)

 

7.0%(*)

 

14.  

Type of Reporting Person (See Instructions)

 

OO

 

                   
 
(*) This calculation is based upon a total of 57,188,582 shares outstanding as of November 9, 2015, as reported in the Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2015, of Issuer, filed with the Commission on November 9, 2015.

 

 

 

 

 

     
CUSIP No.: 87164C 10 2    

 

             
1.  

Names of Reporting Persons

 

Warburg Pincus Partners, L.P.

 

2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨ (b) x

 

 

3.  

SEC Use Only

 

 

4.  

Source of Funds (See Instructions)

 

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

 

4,000,000

 

  9.  

Sole Dispositive Power

 

0

 

  10.  

Shared Dispositive Power

 

4,000,000

 

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

4,000,000

 

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨

 

 

13.  

Percent of Class Represented by Amount in Row (11)

 

7.0%(*)

 

14.  

Type of Reporting Person (See Instructions)

 

PN

 

                   
 
(*) This calculation is based upon a total of 57,188,582 shares outstanding as of November 9, 2015, as reported in the Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2015, of Issuer, filed with the Commission on November 9, 2015.

 

 

 

 

 

     
CUSIP No.: 87164C 10 2    

 

             
1.  

Names of Reporting Persons

 

Warburg Pincus Partners GP LLC

 

2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨ (b) x

 

 

3.  

SEC Use Only

 

 

4.  

Source of Funds (See Instructions)

 

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

 

4,000,000

 

  9.  

Sole Dispositive Power

 

0

 

  10.  

Shared Dispositive Power

 

4,000,000

 

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

4,000,000

 

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨

 

 

13.  

Percent of Class Represented by Amount in Row (11)

 

7.0%(*)

 

14.  

Type of Reporting Person (See Instructions)

 

OO

 

                   
 
(*) This calculation is based upon a total of 57,188,582 shares outstanding as of November 9, 2015, as reported in the Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2015, of Issuer, filed with the Commission on November 9, 2015.

 

 

 

 

 

     
CUSIP No.: 87164C 10 2    

 

             
1.  

Names of Reporting Persons

 

Warburg Pincus & Co.

 

2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨ (b) x

 

 

3.  

SEC Use Only

 

 

4.  

Source of Funds (See Instructions)

 

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

 

New York

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

 

  7.  

Sole Voting Power

 

0

 

  8.  

Shared Voting Power

 

4,000,000

 

  9.  

Sole Dispositive Power

 

0

 

  10.  

Shared Dispositive Power

 

4,000,000

 

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

4,000,000

 

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨

 

 

13.  

Percent of Class Represented by Amount in Row (11)

 

7.0%(*)

 

14.  

Type of Reporting Person (See Instructions)

 

PN

 

                   
 
(*) This calculation is based upon a total of 57,188,582 shares outstanding as of November 9, 2015, as reported in the Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2015, of Issuer, filed with the Commission on November 9, 2015.

 

 

 

 

     
CUSIP No.: 87164C 10 2    

 

             
1.  

Names of Reporting Persons

 

Warburg Pincus LLC

 

2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨ (b) x

 

 

3.  

SEC Use Only

 

 

4.  

Source of Funds (See Instructions)

 

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

 

New York

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

 

  7.  

Sole Voting Power

 

0

 

  8.  

Shared Voting Power

 

4,000,000

 

  9.  

Sole Dispositive Power

 

0

 

  10.  

Shared Dispositive Power

 

4,000,000

 

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

4,000,000

 

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨

 

 

13.  

Percent of Class Represented by Amount in Row (11)

 

7.0%(*)

 

14.  

Type of Reporting Person (See Instructions)

 

OO

 

                   
 
(*) This calculation is based upon a total of 57,188,582 shares outstanding as of November 9, 2015, as reported in the Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2015, of Issuer, filed with the Commission on November 9, 2015.

 

 

 

 

     
CUSIP No.: 87164C 10 2    

 

             
1.  

Names of Reporting Persons

 

Charles R. Kaye

 

2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨ (b) x

 

 

3.  

SEC Use Only

 

 

4.  

Source of Funds (See Instructions)

 

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

 

United States of America

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

 

  7.  

Sole Voting Power

 

0

 

  8.  

Shared Voting Power

 

4,000,000

 

  9.  

Sole Dispositive Power

 

0

 

  10.  

Shared Dispositive Power

 

4,000,000

 

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

4,000,000

 

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨

 

 

13.  

Percent of Class Represented by Amount in Row (11)

 

7.0%(*)

 

14.  

Type of Reporting Person (See Instructions)

 

IN

 

                   
 
(*) This calculation is based upon a total of 57,188,582 shares outstanding as of November 9, 2015, as reported in the Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2015, of Issuer, filed with the Commission on November 9, 2015.

 

 

 

 

     
CUSIP No.: 87164C 10 2    

 

             
1.  

Names of Reporting Persons

 

Joseph P. Landy

 

2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨ (b) x

 

 

3.  

SEC Use Only

 

 

4.  

Source of Funds (See Instructions)

 

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

 

United States of America

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

 

  7.  

Sole Voting Power

 

0

 

  8.  

Shared Voting Power

 

4,000,000

 

  9.  

Sole Dispositive Power

 

0

 

  10.  

Shared Dispositive Power

 

4,000,000

 

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

4,000,000

 

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨

 

 

13.  

Percent of Class Represented by Amount in Row (11)

 

7.0%(*)

 

14.  

Type of Reporting Person (See Instructions)

 

IN

 

                   
 
(*) This calculation is based upon a total of 57,188,582 shares outstanding as of November 9, 2015, as reported in the Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2015, of Issuer, filed with the Commission on November 9, 2015.

 

 

 

 

This Amendment No. 10 (this “Amendment No. 10”) amends and supplements the Schedule 13D filed with the U.S. Securities and Exchange Commission (the “Commission”) on June 20, 2007, as amended by Amendment No. 1 thereto filed with the Commission on April 24, 2008 (“Amendment No. 1”), Amendment No. 2 thereto filed with the Commission on September 2, 2008 (“Amendment No. 2”), Amendment No. 3 thereto filed with the Commission on April 26, 2011 (“Amendment No. 3”), Amendment No. 4 thereto filed with the Commission on May 9, 2011 (“Amendment No. 4”), Amendment No. 5 thereto filed with the Commission on August 11, 2011 (“Amendment No. 5”), Amendment No. 6 thereto filed with the Commission on February 4, 2013 (“Amendment No. 6”), Amendment No. 7 thereto filed with the Commission on March 3, 2014 (“Amendment No. 7”), Amendment No. 8 thereto filed with the Commission on September 14, 2015 (“Amendment No. 8”) and Amendment No. 9 thereto filed with the Commission on September 28, 2015 (“Amendment No. 9”, and together with Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6, Amendment No. 7 and Amendment No. 8, the “Initial Schedule 13D”), and is being filed on behalf of Warburg Pincus Private Equity IX, L.P., a Delaware limited partnership (“WP IX”), Warburg Pincus IX GP L.P., a Delaware limited partnership and the general partner of WP IX (“WP IX GP”), WPP GP LLC, a Delaware limited liability company and the general partner of WP IX GP (“WPP GP”), Warburg Pincus Partners, L.P., a Delaware limited partnership and managing member of WPP GP (“WP Partners”), Warburg Pincus Partners GP LLC, a Delaware limited liability company and the general partner of WP Partners (“WPP GP LLC”), Warburg Pincus & Co., a New York general partnership and the managing member of WPP GP LLC (“WP”), Warburg Pincus LLC, a New York limited liability company that manages WP IX (“WP LLC”), and Messrs. Charles R. Kaye and Joseph P. Landy, each a Managing General Partner of WP and a Managing Member and Co-Chief Executive Officer of WP LLC, who may be deemed to control WP IX, WP IX GP, WPP GP, WP Partners, WPP GP LLC, WP and WP LLC. WP IX, WP IX GP, WPP GP, WP Partners, WPP GP LLC, WP, WP LLC, Mr. Kaye and Mr. Landy are hereinafter referred to as the “Warburg Pincus Reporting Persons”. The Initial Schedule 13D, as amended by this Amendment No. 10, is being referred to as the “Schedule 13D”. This Amendment No. 10 relates to the common stock, par value $0.0001 per share (the “Common Stock”), of Synutra International, Inc., a Delaware corporation (the “Issuer”). Information in respect of each Warburg Pincus Reporting Person is given solely by such Warburg Pincus Reporting Person and no Warburg Pincus Reporting Person has responsibility for the accuracy or completeness of information supplied by any other Warburg Pincus Reporting Person. All capitalized terms used herein that are not defined herein have the meanings for such terms set forth in the Initial Schedule 13D.

 

The Warburg Pincus Reporting Persons are filing this Amendment No. 10 because, on December 22, 2015, WP IX and Sparkle Wealthy Limited (“Sparkle Wealthy”) mutually agreed to terminate the previously reported share purchase agreement pursuant to which WP IX had agreed to dispose of all of its shares of Common Stock of the Issuer. As a result, WP IX will retain the 4,000,000 shares of Common Stock of the Issuer that it beneficially owns.

 

Unless set forth below, all previous Items set forth in the Initial Schedule 13D are unchanged.

 

Item 4. Purpose of Transaction

 

Item 4 is hereby amended and restated as follows:

 

On September 14, 2015, WP IX and Sparkle Wealthy entered into a share purchase agreement pursuant to which WP IX agreed to dispose of all of its shares of Common Stock of the Issuer in a privately negotiated transaction at a price per share of $4.8002. On September 25, 2015, WP IX and Sparkle Wealthy amended the share purchase agreement to extend the contemplated closing date to December 31, 2015 (or such other date on or prior to December 31, 2015 as the parties shall have mutually agreed). On December 22, 2015, WP IX and Sparkle Wealthy mutually agreed to terminate the share purchase agreement. As a result, WP IX will retain the 4,000,000 shares of Common Stock of the Issuer that it beneficially owns.

 

The foregoing description of the terms of the share purchase agreement and termination agreement is qualified in its entirety by reference to the copy of the share purchase agreement filed as Exhibit 99.6 to the Schedule 13D, as amended by the amendment filed as Exhibit 99.7 to the Schedule 13D, and the copy of the termination agreement filed with this report as Exhibit 99.8, each of which is incorporated herein by reference.

 

Item 5.   Interest in Securities of the Issuer

 

Items 5(a), (b) and (c) of the Initial Schedule 13D are hereby amended and restated in their entirety as follows:

 

(a) As of December 22, 2015, WP IX is deemed to beneficially own an aggregate of 4,000,000 shares of Common Stock of the Issuer, which represents approximately 7.0% of the outstanding shares of Common Stock of the Issuer, calculated in accordance with Rule 13d-3(d) promulgated under the Exchange Act. This percentage is based on 57,188,582 shares of Common Stock of the Issuer outstanding as of November 9, 2015, as reported in the Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2015, of Issuer, filed with the Commission on November 9, 2015 (the “ Form 10-Q ”).

 

 

 

 

 

Due to their respective relationships with WP IX and each other, the Warburg Pincus Reporting Persons may be deemed to beneficially own, in the aggregate, 4,000,000 shares of Common Stock of the Issuer, which represented approximately 7.0% of the shares of Common Stock of the Issuer outstanding as of November 9, 2015, as disclosed in the Form 10-Q.

 

Each of WP IX GP, WPP GP, WP Partners, WPP GP LLC, WP, WP LLC, Messrs. Charles R. Kaye and Joseph P. Landy disclaims beneficial ownership of the Issuer’s Common Stock, except to the extent of any indirect pecuniary interest therein.

 

(b) Each of the Warburg Pincus Reporting Persons is deemed to share with WP IX the power to vote or to direct the vote of and to dispose or to direct the disposition of the 4,000,000 shares of Common Stock of the Issuer.

 

(c) Except as set forth in Item 4 above, the Warburg Pincus Reporting Persons have not effected any transaction in the Common Stock of the Issuer in the past 60 days.

 

Item 7. Material to be Filed as Exhibits

 

Item 7 of the Initial Schedule 13D is hereby amended and restated in its entirety as follows:

 

     
Exhibit 99.1:   Joint Filing Agreement, dated June 20, 2007, among the Warburg Pincus Reporting Persons, relating to the filing of a joint statement on Schedule 13D (filed as Exhibit 1 to the Schedule 13D filed with the Commission by Warburg Pincus Private Equity IX, L.P. and other reporting persons with respect to the Issuer on June 20, 2006, and incorporated herein by reference).
   
Exhibit 99.2:   Joint Filing Agreement, dated April 23, 2008, by and among Warburg Pincus Private Equity IX, L.P., Warburg Pincus IX LLC, Warburg Pincus Partners LLC, Warburg Pincus LLC, Warburg Pincus & Co., Charles R. Kaye and Joseph P. Landy, relating to the filing of a joint statement on Schedule 13D/A (filed as Exhibit 6 to the Schedule 13D/A filed with the Commission by Warburg Pincus Private Equity IX, L.P. and other reporting persons with respect to the Issuer on April 24, 2008, and incorporated herein by reference).
   
Exhibit 99.3:   Joint Filing Agreement, dated September 1, 2008, by and among Warburg Pincus Private Equity IX, L.P., Warburg Pincus IX LLC, Warburg Pincus Partners LLC, Warburg Pincus LLC, Warburg Pincus & Co., Charles R. Kaye and Joseph P. Landy, relating to the filing of a joint statement on Schedule 13D/A (filed as Exhibit 12 to the Schedule 13D/A filed with the Commission by Warburg Pincus Private Equity IX, L.P. and other reporting persons with respect to the Issuer on September 2, 2008, and incorporated herein by reference).
   
Exhibit 99.4:   Joint Filing Agreement, dated April 26, 2011, by and among Warburg Pincus Private Equity IX, L.P., Warburg Pincus IX LLC, Warburg Pincus Partners LLC, Warburg Pincus & Co., Warburg Pincus LLC, Charles R. Kaye and Joseph P. Landy, relating to the filing of a joint statement on Schedule 13D/A (filed as Exhibit 13 to the Schedule 13D/A filed with the Commission by Warburg Pincus Private Equity IX, L.P. and other reporting persons with respect to the Issuer on April 26, 2011, and incorporated herein by reference).
   
Exhibit 99.5:   Joint Filing Agreement, dated September 14, 2015, by and among Warburg Pincus Private Equity IX, L.P., Warburg Pincus IX GP L.P., WPP GP LLC, Warburg Pincus Partners, L.P., Warburg Pincus Partners GP LLC, Warburg Pincus & Co., Warburg Pincus LLC, Charles R. Kaye and Joseph P. Landy, relating to the filing of a joint statement on Schedule 13D/A (filed as Exhibit 99.5 to the Schedule 13D/A filed with the Commission by Warburg Pincus Private Equity IX, L.P. and other reporting persons with respect to the Issuer on September 14, 2015, and incorporated herein by reference).
   
Exhibit 99.6:   Share Purchase Agreement, dated September 14, 2015, by and between Warburg Pincus Private Equity IX, L.P. and Sparkle Wealthy Limited (filed as Exhibit 99.6 to the Schedule 13D/A filed with the Commission by Warburg Pincus Private Equity IX, L.P. and other reporting persons with respect to the Issuer on September 14, 2015, and incorporated herein by reference).
   
Exhibit 99.7:   Amendment to Share Purchase Agreement, dated September 25, 2015, by and between Warburg Pincus Private Equity IX, L.P. and Sparkle Wealthy Limited (filed as Exhibit 99.7 to the Schedule 13D/A filed with the Commission by Warburg Pincus Private Equity IX, L.P. and other reporting persons with respect to the Issuer on September 28, 2015, and incorporated herein by reference).
     
Exhibit 99.8:   Termination Agreement, dated December 22, 2015, by and between Warburg Pincus Private Equity IX, L.P. and Sparkle Wealthy Limited.

 

 

 

 

 

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: December 23, 2015

 

  WARBURG PINCUS PRIVATE EQUITY IX, L.P.
     
     
  By:   Warburg Pincus IX GP L.P., its General Partner
      By:   WPP GP LLC, its General Partner
          By:   Warburg Pincus Partners, L.P., its Managing Member
              By:     Warburg Pincus Partners GP LLC, its General Partner
             

 

By: Warburg Pincus & Co., its Managing Member

                 
  By:  

/s/ Robert B. Knauss

      Name: Robert B. Knauss
      Title: Partner

 

  

  WARBURG PINCUS IX GP L.P.
     
     
  By:   WPP GP LLC, its General Partner
      By:   Warburg Pincus Partners, L.P., its Managing Member
          By:   Warburg Pincus Partners GP LLC, its General Partner
              By:     Warburg Pincus & Co., its Managing Member
               
  By:  

/s/ Robert B. Knauss

      Name: Robert B. Knauss
      Title: Partner
                 

 

  WPP GP LLC
     
     
  By:   Warburg Pincus Partners, L.P., its Managing Member
      By:   Warburg Pincus Partners GP LLC, its General Partner
          By:   Warburg Pincus & Co., its Managing Member
               
  By:  

/s/ Robert B. Knauss

      Name: Robert B. Knauss
      Title: Partner
                 

 

 

 

 

 

  WARBURG PINCUS PARTNERS, L.P.
     
     
  By:   Warburg Pincus Partners GP LLC, its General Partner
      By:   Warburg Pincus & Co., its Managing Member
           
  By:  

/s/ Robert B. Knauss

      Name: Robert B. Knauss
      Title: Partner
             

               
  WARBURG PINCUS PARTNERS GP LLC
     
     
  By:   Warburg Pincus & Co., its Managing Member
       
  By:  

/s/ Robert B. Knauss

      Name: Robert B. Knauss
      Title: Partner
                 

               
  WARBURG PINCUS & CO.
   
     
  By:  

/s/ Robert B. Knauss

      Name: Robert B. Knauss
      Title: Partner
                 

       
  WARBURG PINCUS LLC
   
     
  By:  

/s/ Robert B. Knauss

      Name: Robert B. Knauss
      Title: Managing Director
   
   
  CHARLES R. KAYE
   
     
  By:  

/s/ Robert B. Knauss

      Name: Charles R. Kaye
      By: Robert B. Knauss, Attorney-in-Fact*
   
   
  JOSEPH P. LANDY
   
     
  By:  

/s/ Robert B. Knauss

      Name: Joseph P. Landy
      By: Robert B. Knauss, Attorney-in-Fact*

 

* Power of Attorney given by Mr. Kaye and Mr. Landy was previously filed with the United States Securities and Exchange Commission on November 26, 2013 as an exhibit to a statement on Form 4 filed by Warburg Pincus Private Equity IX, L.P. with respect to Laredo Petroleum Inc. (f/k/a Laredo Petroleum Holdings, Inc.) and is hereby incorporated by reference.

 

 

EX-99.8 2 v427671_ex99-8.htm TERMINATION AGREEMENT

Exhibit 99.8

 

TERMINATION AGREEMENT

 

This TERMINATION AGREEMENT (this “Agreement”) is entered into on December 22, 2015, by and between Warburg Pincus Private Equity IX, L.P. (“WP”) and Sparkle Wealthy Limited (“Sparkle Wealthy”). WP and Sparkle Wealthy are collectively referred to as “Parties”, and individually as a “Party”.

 

RECITALS

 

WHEREAS the Parties hereto entered into that certain share purchase agreement dated September 14, 2015, as amended on September 25, 2015 (the “Share Purchase Agreement”) wherein Sparkle Wealthy agreed to purchase from WP and WP agreed to sell to Sparkle Wealthy 4,000,000 shares (the “Shares”) of common stock, par value $0.0001 per share, of Synutra International, Inc., a Delaware corporation;

 

WHEREAS, as of the date hereof, the Settlement Date (as defined in the Share Purchase Agreement) and the corresponding sale of Shares by WP to Sparkle Wealthy has not occurred;

 

WHEREAS, the Parties hereto intend to terminate the Share Purchase Agreement in its entirety; and

 

WHEREAS, the Parties hereto constitute all of the parties to the Share Purchase Agreement.

 

AGREEMENT

 

NOW, THEREFORE, the Parties hereby agree as follows:

 

1.         Termination. The Share Purchase Agreement is hereby terminated and none of the provisions thereof shall continue to be of any further force and effect. Notwithstanding anything to the contrary herein or in the Share Purchase Agreement, each of the Parties shall be relieved of their duties and obligations arising under the Share Purchase Agreement after the date hereof. Without limiting the generality of the foregoing, following the execution hereof, WP shall have no obligation to sell to Sparkle Wealthy, and Sparkle Wealthy shall have no obligation to purchase from WP, the Shares.

 

2.         Governing Law; Dispute Resolution. This Agreement shall be governed in all respects by the laws of the New York without regards to conflicts of laws principles. Any dispute, controversy or, claim or difference of any kind whatsoever arising out of, relating to or in connection with this Agreement, including the existence, validity, interpretation, performance, breach or termination thereof, the validity, scope and enforceability of this arbitration provision and any dispute regarding no-contractual obligations arising out of or relating to it (the “Dispute”) shall be referred to and finally resolved by arbitration administered by the Hong Kong International Arbitration Center (the “HKIAC”) in accordance with the HKIAC Administered Arbitration Rules in force at the time of the commencement of the arbitration. However, if such rules are in conflict with the provisions of this Section 2, including the provisions concerning the appointment of arbitrators, the provisions of this Section 2 shall prevail. The law of this arbitration clause shall be Hong Kong law. The seat of arbitration shall be Hong Kong. The number of arbitrators shall be three and the language of the arbitration proceedings and written decisions or correspondence shall be English. Any party to the Dispute shall be entitled to seek preliminary injunctive relief, if possible, from any court of competent jurisdiction pending the constitution of the tribunal.

 

 

 

 

 

3.         Counterpart Execution. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

[The remainder of this page is intentionally left blank.]

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered as of the date first above written.

 

 

  SELLER:
   
  WARBURG PINCUS PRIVATE EQUITY IX, L.P.
 
  By:         Warburg Pincus IX GP L.P., its general partner
  By:         WPP GP LLC, its general partner
  By:         Warburg Pincus Partners, L.P., its managing member
  By:         Warburg Pincus Partners GP LLC, its general partner
  By:         Warburg Pincus & Co., its managing member
   
   
  By: /s/ Robert B. Knauss                             
  Name:  Robert B. Knauss
  Title:    Partner

 

 

 

 

Signature Page to Termination Agreement

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered as of the date first above written.

 

 

  PURCHASER:
   
  SPARKLE WEALTHY LIMITED
     
     
  By: /s/ Li Ngai                                           
    Name: Li Ngai
    Title: Director

 

 

 

 

 

Signature Page to Termination Agreement