-----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, BddrCfiUs4uAa+oBb232TinDZ6EKqwiqLXZaB2wSD4btToZaW53yYfHZS5tfwSwg KPEU08tvl4uqHJXDkOVN1A== 0000950123-10-007365.txt : 20100202 0000950123-10-007365.hdr.sgml : 20100202 20100201200203 ACCESSION NUMBER: 0000950123-10-007365 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20100202 DATE AS OF CHANGE: 20100201 GROUP MEMBERS: JACOB CAPITAL, L.L.C. GROUP MEMBERS: RICHARD LEVY GROUP MEMBERS: VICTORY PARK CAPITAL ADVISORS, LLC GROUP MEMBERS: VICTORY PARK CREDIT OPPORTUNITIES MASTER FUND, LTD. GROUP MEMBERS: VICTORY PARK SPECIAL SITUATIONS MASTER FUND, LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Overture Acquisition Corp. CENTRAL INDEX KEY: 0001415362 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-83684 FILM NUMBER: 10564797 BUSINESS ADDRESS: STREET 1: C/O M&C CORPORATE SERVICES LIMITED STREET 2: PO BOX 309GT, UGLAND HOUSE SO. CHURCH ST CITY: GEORGE TOWN, GRAND CAYMAN STATE: E9 ZIP: KY1-1104 BUSINESS PHONE: (917) 301-4351 MAIL ADDRESS: STREET 1: C/O M&C CORPORATE SERVICES LIMITED STREET 2: PO BOX 309GT, UGLAND HOUSE SO. CHURCH ST CITY: GEORGE TOWN, GRAND CAYMAN STATE: E9 ZIP: KY1-1104 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Victory Park Capital Advisors, LLC CENTRAL INDEX KEY: 0001413834 IRS NUMBER: 208996172 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 227 WEST MONROE STREET, SUITE 3900 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 312-479-4947 MAIL ADDRESS: STREET 1: 227 WEST MONROE STREET, SUITE 3900 CITY: CHICAGO STATE: IL ZIP: 60606 SC 13D 1 c95301sc13d.htm SCHEDULE 13D Schedule 13D

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No.  )*

Overture Acquisition Corp.
(Name of Issuer)
Ordinary Shares, par value $0.0001 per share
(Title of Class of Securities)
G6830P100
(CUSIP Number)
Scott R. Zemnick, Esq.
Victory Park Capital Advisors, LLC
227 West Monroe Street, Suite 3900
Chicago, Illinois 60606
(312) 705-2786
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
January 27, 2010
(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. o

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.
 
G6830P100 
 

 

           
1   NAMES OF REPORTING PERSONS

Victory Park Capital Advisors, LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  OO
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   1,449,027
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    1,449,027
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,449,027
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  7.7%**
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO
** This calculation is based on 18,750,000 shares of Ordinary Shares (“Ordinary Shares”) of Overture Acquisition Corp. (the “Issuer”) outstanding as of January 11, 2010 as reported in the Issuer’s definitive proxy statement.


 

                     
CUSIP No.
 
G6830P100 
 

 

           
1   NAMES OF REPORTING PERSONS

Victory Park Credit Opportunities Master Fund, Ltd.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  OO
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Cayman Islands
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   1,188,202
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    1,188,202
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,188,202
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  6.3%**
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO
** This calculation is based on 18,750,000 shares of Ordinary Shares (“Ordinary Shares”) of Overture Acquisition Corp. (the “Issuer”) outstanding as of January 11, 2010 as reported in the Issuer’s definitive proxy statement.


 

                     
CUSIP No.
 
G6830P100 
 

 

           
1   NAMES OF REPORTING PERSONS

Victory Park Special Situations Master Fund, Ltd.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  OO
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Cayman Islands
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   260,825
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    260,825
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  260,825
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  1.4%**
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO
** This calculation is based on 18,750,000 shares of Ordinary Shares (“Ordinary Shares”) of Overture Acquisition Corp. (the “Issuer”) outstanding as of January 11, 2010 as reported in the Issuer’s definitive proxy statement.


 

                     
CUSIP No.
 
G6830P100 
 

 

           
1   NAMES OF REPORTING PERSONS

Jacob Capital, L.L.C.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  OO
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Illinois
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   1,449,027
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    1,449,027
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,449,027
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  7.7%**
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO
** This calculation is based on 18,750,000 shares of Ordinary Shares (“Ordinary Shares”) of Overture Acquisition Corp. (the “Issuer”) outstanding as of January 11, 2010 as reported in the Issuer’s definitive proxy statement.


 

                     
CUSIP No.
 
G6830P100 
 

 

           
1   NAMES OF REPORTING PERSONS

Richard Levy
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  OO
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  USA
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   1,449,027
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    1,449,027
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,449,027
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  7.7%**
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN
** This calculation is based on 18,750,000 shares of Ordinary Shares (“Ordinary Shares”) of Overture Acquisition Corp. (the “Issuer”) outstanding as of January 11, 2010 as reported in the Issuer’s definitive proxy statement.


 

Item 1. Security and Issuer
This Schedule 13D (this “Schedule 13D”) relates to the Ordinary Shares, par value $.0001 per share (the “Ordinary Shares”), of Overture Acquisition Corp., a Cayman Islands exempted company (the “Issuer”). The address of the principal executive office of the Issuer is c/o Maples Corporate Services Limited, Ugland House, Grand Cayman, KY1-1104, Cayman Islands.
Item 2. Identity and Background
  (a), (f)    This Schedule 13D is being filed by: (i) Victory Park Capital Advisors, LLC, a Delaware limited liability company (“Capital Advisors”); (ii) Victory Park Credit Opportunities Master Fund, Ltd., a Cayman Islands exempted company (“Credit Opportunities Fund”); (iii) Victory Park Special Situations Master Fund, Ltd., a Cayman Islands exempted company (“Special Situations Fund”, and, together with Credit Opportunities Fund, the “Funds”); (iv) Jacob Capital, L.L.C., an Illinois limited liability company (“Jacob Capital”); and (v) Richard Levy, a citizen of the United States of America (collectively, the “Reporting Persons”).
 
      The Reporting Persons have entered into a joint filing agreement, dated February 1, 2010, a copy of which is attached hereto as Exhibit 1.
 
  (b)   The business address of each of the Reporting Persons, other than the Funds, is 227 West Monroe Street, Suite 3900, Chicago, Illinois 60606. The business address for the Funds is c/o Walkers SPV Limited, Walker House, 87 Mary Street, George Town, Grand Cayman, KY1 9002 Cayman Islands.
 
  (c)   The principal business of Capital Advisors is serving as investment manager for the Funds, which are the record holders of the Ordinary Shares reported on the cover pages hereof (the “Subject Shares”). Jacob Capital’s principal business is serving as the manager of Capital Advisors. The principal occupation of Richard Levy is serving as the sole member of Jacob Capital.
 
  (d)   During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
 
  (e)   During the last five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
The Funds purchased the Subject Shares for a total consideration of $14,548,231.08. The source of funds for such transaction was derived from the capital of the Funds.
Item 4. Purpose of Transaction
The Issuer has stated in filings with the Securities and Exchange Commission that it was formed for the purpose of acquiring, through a merger, share capital exchange, asset acquisition, share purchase, reorganization or other similar business combination, an operating business. As described in the Issuer’s definitive proxy statement filed with the Securities and Exchange Commission on January 11, 2010, the Issuer was seeking approval from holders of its Ordinary Shares of its proposed business combination (the “Business Combination”) in connection with the Master Agreement, dated as of December 10, 2009 (the “Master Agreement”), by and among Buyer, Overture Re Holdings Ltd., Buyer’s newly formed, wholly-owned Bermuda holding company (“Overture Re Holdings”), Jefferson National Financial Corp., a Delaware corporation (“JNF”), Jefferson National Life Insurance Company, a Texas insurance company and a wholly-owned subsidiary of JNF (“JNL”), and JNL Bermuda LLC, a Delaware limited liability company and a newly formed wholly-owned subsidiary of JNL (“JNL Bermuda”), JNF Asset Management LLC, a Delaware limited liability company (“JNFAM”) and the founders of Buyer, which, among other things, provides for the amalgamation of JNL Bermuda and Overture Re Ltd., a to-be-formed, wholly-owned Bermuda subsidiary of Overture Re Holdings, pursuant to which the amalgamated company shall be a long-term reinsurer domiciled in Bermuda.

 

 


 

As part of these arrangements, the Issuer has negotiated with the Reporting Persons to explore the means by which a sufficient number of the Issuer’s public Ordinary Shares could be purchased so that such shares would not exercise their conversion rights with respect to such purchased shares and the Business Combination could be approved by the Issuer’s shareholders. Accordingly, immediately following the purchase by the Funds from a stockholder of the Issuer of an aggregate of 1,449,027 Ordinary Shares at a purchase price of $10.04 per share, the Funds entered into stock purchase agreements with the Issuer pursuant to which the Issuer agreed to purchase, and the Funds agreed to sell, the Ordinary Shares purchased at a purchase price of $10.04 per share, plus approximately $0.15 per share in fees, for an aggregate of approximately $10.19 per share. Such purchases shall be made promptly following the closing of the Business Combination, if such Business Combination occurs.
Item 5. Interest in Securities of the Issuer
(a), (b) Based upon the January 11, 2010 definitive proxy statement of the Issuer, 18,750,000 Ordinary Shares were outstanding as of January 11, 2010. Based on the foregoing, the Subject Shares represented approximately 7.7% of the Ordinary Shares outstanding as of such date.
Capital Advisors, as the investment manager of the Funds, may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Subject Shares. As the manager of Capital Advisors, Jacob Capital may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Subject Shares. By virtue of Richard Levy’s position as sole member of Jacob Capital, Richard Levy may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Subject Shares and, therefore, Richard Levy may be deemed to be the beneficial owner of the Subject Shares for purposes of this Schedule 13D. Capital Advisors, Jacob Capital and Richard Levy disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.
(c) On January 27, 2010, the Funds simultaneously purchased an aggregate of 1,449,027 shares of Ordinary Shares for a purchase price of $10.00 per share from a stockholder of the Issuer in privately negotiated transactions.
(d) No other person is known to the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Subject Shares covered by this Schedule 13D.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
On January 27, 2010, the Funds entered into an agreement with the Issuer pursuant to which the Funds would use their reasonable best efforts to purchase up to 2,000,000 shares of Ordinary Shares in privately negotiated transactions, provided that the Issuer entered into a forward contract arrangement with the Funds. Pursuant to such agreement, Issuer agreed to pay a fee of 1.5% of the value of all Ordinary Shares purchased by the Funds from third parties. On January 28, 2010, the Funds entered into Stock Purchase Agreements (the “Agreements”) with the Issuer following the purchase of the 1,449,027 Ordinary Shares from current shareholders of the Issuer. Pursuant to the Agreements, the Issuer agreed to purchase, and the Funds agreed to sell, all of the Subject Shares at a purchase price of $10.04 per share, plus approximately $0.15 per share in fees, for an aggregate of approximately $10.19 per share.
To the knowledge of the Reporting Persons, except as described herein, the Reporting Persons do not have any contract, arrangement, understanding or relationship (legal or otherwise) with any person with respect to securities of the Issuer, including, but not limited to transfer or voting of any such securities, finder’s fees, joint ventures, loans or option agreement, puts or call, guarantees of profits, division of profits or losses or the giving or withholding of proxies.
Item 7. Material to Be Filed as Exhibits
1.   Joint Filing Agreement, dated as of February 1, 2010, among the Reporting Persons, pursuant to Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended.

 

 


 

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 1, 2010
         
VICTORY PARK CAPITAL ADVISORS, LLC

By: Jacob Capital, L.L.C., its Manager
 
 
By:   /s/ Richard Levy    
  Name:   Richard Levy   
  Title:   Sole Member   
 
VICTORY PARK CREDIT OPPORTUNITIES MASTER FUND, LTD.
 
 
By:   /s/ Richard Levy    
  Name:   Richard Levy   
  Title:   Attorney-in-Fact   
 
VICTORY PARK SPECIAL SITUATIONS MASTER FUND, LTD.
 
 
By:   /s/ Richard Levy    
  Name:   Richard Levy   
  Title:   Attorney-in-Fact   
 
JACOB CAPITAL, L.L.C.
 
 
By:   /s/ Richard Levy    
  Name:   Richard Levy   
  Title:   Sole Member   
 
RICHARD LEVY
 
 
/s/ Richard Levy    
Richard Levy   
   

 

 


 

         
EXHIBIT INDEX
1.   Joint Filing Agreement, dated as of February 1, 2010, among the Reporting Persons, pursuant to Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended.

 

 

EX-99.1 2 c95301exv99w1.htm EXHIBIT 1 Exhibit 1
Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the Ordinary Shares of Overture Acquisition Corp. and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filings. In evidence thereof, the undersigned, being duly authorized, have executed this Joint Filing Agreement this 1st day of February, 2010.
         
VICTORY PARK CAPITAL ADVISORS, LLC

By: Jacob Capital, L.L.C., its Manager
 
 
By:   /s/ Richard Levy    
  Name:   Richard Levy   
  Title:   Sole Member   
 
VICTORY PARK CREDIT OPPORTUNITIES MASTER FUND, LTD.
 
 
By:   /s/ Richard Levy    
  Name:   Richard Levy   
  Title:   Attorney-in-Fact   
 
VICTORY PARK SPECIAL SITUATIONS MASTER FUND, LTD.
 
 
By:   /s/ Richard Levy    
  Name:   Richard Levy   
  Title:   Attorney-in-Fact   
 
JACOB CAPITAL, L.L.C.
 
 
By:   /s/ Richard Levy    
  Name:   Richard Levy   
  Title:   Sole Member   
 
RICHARD LEVY
 
 
/s/ Richard Levy    
Richard Levy   
   
 

 

 

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