SC 13D/A 1 d125578dsc13da.htm AMENDMENT NO. 3 TO SCHEDULE 13D Amendment No. 3 to Schedule 13D

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13D-1(A) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13D-2(A)

(Amendment No. 3)

 

 

Tangoe, Inc.

(Name of Issuer)

Common Stock, $0.0001 par value

(Title of Class of Securities)

87582Y108

(CUSIP Number)

 

Behdad Eghbali

Clearlake Capital Partners IV Finance, L.P.

c/o Clearlake Capital Group, L.P.

233 Wilshire Blvd, Suite 800

Santa Monica, California 90401

(310) 400-8800

 

copies to:

Mehdi Khodadad

Cooley LLP

3175 Hanover Street

Palo Alto, California 94304

(650) 843-5000

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

January 19, 2016

(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 which is the subject of this Schedule 13D, and is filing this schedule because of Sections 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 Section 240.13d-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. 87582Y108   13D   Page 2 of 10 Pages

 

  1.   

Name of reporting person

 

Clearlake Capital Partners IV Finance, L.P.

  2.  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)  ¨

 

  3.  

SEC use only

 

  4.  

Source of funds (see instructions)

 

AF

  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

 

     7.    

Sole voting power

 

0

     8.   

Shared voting power

 

5,109,900

     9.   

Sole dispositive power

 

0

   10.   

Shared dispositive power

 

5,109,900

11.  

Aggregate amount beneficially owned by each reporting person

 

5,109,900

12.  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13.  

Percent of class represented by amount in Row (11)

 

12.96%

14.  

Type of reporting person (see instructions)

 

PN

 


CUSIP NO. 87582Y108   13D   Page 3 of 10 Pages

 

  1.   

Name of reporting person

 

Clearlake Capital Partners IV GP, L.P.

  2.  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)  ¨

 

  3.  

SEC use only

 

  4.  

Source of funds (see instructions)

 

AF

  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

 

     7.    

Sole voting power

 

0

     8.   

Shared voting power

 

5,109,900

     9.   

Sole dispositive power

 

0

   10.   

Shared dispositive power

 

5,109,900

11.  

Aggregate amount beneficially owned by each reporting person

 

5,109,900

12.  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13.  

Percent of class represented by amount in Row (11)

 

12.96%

14.  

Type of reporting person (see instructions)

 

PN

 


CUSIP NO. 87582Y108   13D   Page 4 of 10 Pages

 

  1.   

Name of reporting person

 

Clearlake Capital Partners, LLC

  2.  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)  ¨

 

  3.  

SEC use only

 

  4.  

Source of funds (see instructions)

 

AF

  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

 

     7.    

Sole voting power

 

0

     8.   

Shared voting power

 

5,109,900

     9.   

Sole dispositive power

 

0

   10.   

Shared dispositive power

 

5,109,900

11.  

Aggregate amount beneficially owned by each reporting person

 

5,109,900

12.  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13.  

Percent of class represented by amount in Row (11)

 

12.96%

14.  

Type of reporting person (see instructions)

 

OO

 


CUSIP NO. 87582Y108   13D   Page 5 of 10 Pages

 

  1.   

Name of reporting person

 

CCG Operations, LLC

  2.  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)  ¨

 

  3.  

SEC use only

 

  4.  

Source of funds (see instructions)

 

AF

  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

 

     7.    

Sole voting power

 

0

     8.   

Shared voting power

 

5,109,900

     9.   

Sole dispositive power

 

0

   10.   

Shared dispositive power

 

5,109,900

11.  

Aggregate amount beneficially owned by each reporting person

 

5,109,900

12.  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13.  

Percent of class represented by amount in Row (11)

 

12.96%

14.  

Type of reporting person (see instructions)

 

OO

 


CUSIP NO. 87582Y108   13D   Page 6 of 10 Pages

 

  1.   

Name of reporting person

 

Behdad Eghbali

  2.  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)  ¨

 

  3.  

SEC use only

 

  4.  

Source of funds (see instructions)

 

AF

  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

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

 

     7.    

Sole voting power

 

0

     8.   

Shared voting power

 

5,109,900

     9.   

Sole dispositive power

 

0

   10.   

Shared dispositive power

 

5,109,900

11.  

Aggregate amount beneficially owned by each reporting person

 

5,109,900

12.  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13.  

Percent of class represented by amount in Row (11)

 

12.96%

14.  

Type of reporting person (see instructions)

 

IN

 


CUSIP NO. 87582Y108   13D   Page 7 of 10 Pages

 

  1.   

Name of reporting person

 

José E. Feliciano

  2.  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)  ¨

 

  3.  

SEC use only

 

  4.  

Source of funds (see instructions)

 

AF

  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

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

 

     7.    

Sole voting power

 

0

     8.   

Shared voting power

 

5,109,900

     9.   

Sole dispositive power

 

0

   10.   

Shared dispositive power

 

5,109,900

11.  

Aggregate amount beneficially owned by each reporting person

 

5,109,900

12.  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13.  

Percent of class represented by amount in Row (11)

 

12.96%

14.  

Type of reporting person (see instructions)

 

IN

 


CUSIP NO. 87582Y108   13D   Page 8 of 10 Pages

 

This Amendment No. 3 to Schedule 13D is being filed by Clearlake Capital Partners IV Finance, L.P., Clearlake Capital Partners IV GP, L.P., Clearlake Capital Partners, LLC, CCG Operations, LLC, Behdad Eghbali and José E. Feliciano (collectively, the “Reporting Persons”), pursuant to §240.13d-2(a), to amend the Schedule 13D filed by the Reporting Persons on November 30, 2015 (the “Initial Schedule 13D”), as amended by Amendment No. 1 thereto filed by the Reporting Persons on December 15, 2015, and by Amendment No. 2 thereto filed by the Reporting Persons on January 11, 2016, relating to the Common Stock, $0.0001 par value per share, of Tangoe, Inc. Except as set forth below, all Items of the Initial Schedule 13D remain unchanged. All capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Initial Schedule 13D.

 

Item 3. Source and Amount of Funds or Other Consideration

Item 3 of the Initial Schedule 13D is amended in its entirety to read as follows:

In a series of transactions completed on January 19, 2016, the Reporting Persons acquired 5,109,900 shares of common stock of the Issuer (the “Shares”) for approximately $39,280,781 in investment capital. The source of funds for this consideration was the available capital of Clearlake Capital Partners IV Finance, L.P., which may, at any given time, include margin loans made by brokerage firms, or capital contributions from investors in Clearlake Capital Partners IV Finance, L.P., each in the ordinary course of business.

 

Item 5. Interest in Securities of the Issuer

Item 5 of the Initial Schedule 13D is amended in its entirety to read as follows:

The information contained on the cover pages to this Schedule 13D and the information set forth or incorporated in Items 2, 3, 4 and 6 are incorporated herein by reference.

 

  (a) As of the date hereof, the Reporting Persons have the following interest in the securities of the Company:

 

  i. Clearlake Capital Partners IV Finance, L.P. beneficially owns 5,109,900 Shares, making it the beneficial owner of 12.96% of the Issuer’s common stock. Clearlake Capital Partners IV Finance, L.P. has shared voting and investment power with respect to these Shares, and does not have sole voting or investment power with respect to any of these Shares.

 

  ii. Clearlake Capital Partners IV GP, L.P. beneficially owns 5,109,900 Shares, making it the beneficial owner of 12.96% of the Issuer’s common stock. Clearlake Capital Partners IV GP, L.P. has shared voting and investment power with respect to these Shares, and does not have sole voting or investment power with respect to any of these Shares.

 

  iii. Clearlake Capital Partners, LLC beneficially owns 5,109,900 Shares, making it the beneficial owner of 12.96% of the Issuer’s common stock. Clearlake Capital Partners, LLC has shared voting and investment power with respect to these Shares, and does not have sole voting or investment power with respect to any of these Shares.

 

  iv. CCG Operations, LLC beneficially owns 5,109,900 Shares, making it the beneficial owner of 12.96% of the Issuer’s common stock. CCG Operations, LLC has shared voting and investment power with respect to these Shares, and does not have sole voting or investment power with respect to any of these Shares.

 

  v. Behdad Eghbali beneficially owns 5,109,900 Shares, making him the beneficial owner of 12.96% of the Issuer’s common stock. Mr Eghbali has shared voting and investment power with respect to these Shares, and does not have sole voting or investment power with respect to any of these Shares.

 

  vi. José E. Feliciano beneficially owns 5,109,900 Shares, making him the beneficial owner of 12.96% of the Issuer’s common stock. Mr. Feliciano has shared voting and investment power with respect to these Shares, and does not have sole voting or investment power with respect to any of these Shares.


CUSIP NO. 87582Y108   13D   Page 9 of 10 Pages

 

  (b) The information set forth in (a) above is incorporated by reference here.

 

  (c) There have been no purchases or sales of the Issuer’s common stock by any of the Reporting Persons within the last sixty days, except for the purchases of the Issuer’s common stock by Clearlake Capital Partners IV Finance, L.P. on the open market as indicated in the table below, which table sets forth the date upon which such shares were purchased, number of Shares purchased on each such date, and the weighted average purchase price per share for the Shares purchased on each such date.

 

Date

   Number of Shares
Purchased
     Weighted AveragePurchase
Price Per Share
 

11/6/2015

     1,830,000       $ 6.9996   

11/17/2015

     70,000       $ 6.7989   

11/18/2015

     275,890       $ 7.0693   

11/19/2015

     262,986       $ 7.4795   

11/20/2015

     115,618       $ 7.6202   

11/23/2015

     140,358       $ 7.9330   

11/24/2015

     100,000       $ 8.0753   

11/25/2015

     373,100       $ 8.3112   

11/27/2015

     60,000       $ 8.5153   

11/30/2015

     105,216       $ 8.5372   

12/1/2015

     21,339       $ 8.5617   

12/2/2015

     39,461       $ 8.4506   

12/3/2015

     58,381       $ 8.3060   

12/4/2015

     19,744       $ 8.2977   

12/7/2015

     26,625       $ 8.2582   

12/8/2015

     3,657       $ 8.2775   

12/10/2015

     194,123       $ 8.4284   

12/11/2015

     25,000       $ 8.2900   

12/14/2015

     161,746       $ 8.4586   

12/15/2015

     42,471       $ 8.4976   

12/17/2015

     21,900       $ 8.4977   

12/18/2015

     28,430       $ 8.4995   

01/06/2016

     39,993       $ 8.1239   

01/07/2016

     146,354       $ 8.1926   

01/08/2016

     479,451       $ 8.3297   

01/14/2016

     300,000       $ 8.2323   

01/15/2016

     31,373       $ 7.9992   

01/19/2016

     136,684       $ 8.1403   


CUSIP NO. 87582Y108   13D   Page 10 of 10 Pages

 

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: January 19, 2016

 

Clearlake Capital Partners IV Finance, L.P.
By:   Clearlake Capital Partners IV GP, L.P., its general partner
By:   Clearlake Capital Partners, LLC, its general partner
By:  

/s/ Behdad Eghbali

Name:   Behdad Eghbali
Title:   Co-President
Clearlake Capital Partners IV GP, L.P.
By:   Clearlake Capital Partners, LLC, its general partner
By:  

/s/ Behdad Eghbali

Name:   Behdad Eghbali
Title:   Co-President
Clearlake Capital Partners, LLC
By:  

/s/ Behdad Eghbali

Name:   Behdad Eghbali
Title:   Co-President
CCG Operations, LLC
By:  

/s/ Behdad Eghbali

Name:   Behdad Eghbali
Title:   Manager

/s/ Behdad Eghbali

Behdad Eghbali

/s/ José E. Feliciano

José E. Feliciano