0001144204-17-005152.txt : 20170131 0001144204-17-005152.hdr.sgml : 20170131 20170131172308 ACCESSION NUMBER: 0001144204-17-005152 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170131 DATE AS OF CHANGE: 20170131 GROUP MEMBERS: EVAN LOVELL GROUP MEMBERS: VGF I LTD GROUP MEMBERS: VGF PARTNERS I, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AquaVenture Holdings Ltd CENTRAL INDEX KEY: 0001422841 STANDARD INDUSTRIAL CLASSIFICATION: WATER SUPPLY [4941] IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-89785 FILM NUMBER: 17562144 BUSINESS ADDRESS: STREET 1: COMMERCE HOUSE, WICKHAMS CAY 1 STREET 2: P.O. BOX 3140, ROAD TOWN CITY: TORTOLA STATE: D8 ZIP: VG1110 BUSINESS PHONE: 813-855-8636 MAIL ADDRESS: STREET 1: 14400 CARLSON CIRCLE CITY: TAMPA STATE: FL ZIP: 33626 FORMER COMPANY: FORMER CONFORMED NAME: AQUAVENTURE HOLDINGS LLC DATE OF NAME CHANGE: 20080104 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Virgin Green Fund I LP CENTRAL INDEX KEY: 0001414211 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 512 2nd Street, 4th Floor CITY: San Francisco STATE: CA ZIP: 94107 BUSINESS PHONE: (415) 979-0280 MAIL ADDRESS: STREET 1: 512 2nd Street, 4th Floor CITY: San Francisco STATE: CA ZIP: 94107 SC 13G 1 v457831_sc13g.htm SC 13G

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Schedule 13G

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)

(Amendment No. ___) *

 

AquaVenture Holdings Limited

(Name of Issuer)

 

Ordinary Shares, no par value

(Title of Class of Securities)

 

G0443N107

(CUSIP Number)

 

December 31, 2016

(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)

 

xRule 13d-1(d)

 

*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).

 

(Continued on following pages)

 

Page 1 of 11 Pages

Exhibit Index Contained on Page 10

 

 

 

 

CUSIP NO. G0443N107

 

13 G Page 2 of 11

 

1 NAME OF REPORTING PERSON        Virgin Green Fund I, L.P. (“VGF Fund”)

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

2,005,022 shares, except that (i) VGF Partners I, L.P. (“VGF Partners”), the general partner of VGF Fund, may be deemed to have sole voting power with respect to such shares, (ii) VGF I Limited (“VGF Limited”), the general partner of VGF Partners, may be deemed to have sole voting power with respect to such shares and (iii) Evan Lovell (“Lovell”), a Director and an investment partner of VGF Limited, may be deemed to have shared voting power with respect to such shares.

6

SHARED VOTING POWER

-0-

7

SOLE DISPOSITIVE POWER

2,005,022 shares, except that (i) VGF Partners, the general partner of VGF Fund, may be deemed to have sole dispositive power with respect to such shares, (ii) VGF Limited, the general partner of VGF Partners, may be deemed to have sole dispositive power with respect to such shares and (iii) Lovell, a Director and an investment partner of VGF Limited, may be deemed to have shared dispositive power with respect to such shares.

8

SHARED DISPOSITIVE POWER

-0-

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH  REPORTING PERSON 2,005,022
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.6%
12 TYPE OF REPORTING PERSON* PN

 

 

 

 

CUSIP NO. G0443N107

 

13 G Page 3 of 11

 

1 NAME OF REPORTING PERSON         VGF Partners I, L.P.

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

2,005,022 shares, except that (i) VGF Limited, the general partner of VGF Partners, may be deemed to have sole voting power with respect to such shares and (ii) Lovell, a Director and an investment partner of VGF Limited, may be deemed to have shared voting power with respect to such shares

6

SHARED VOTING POWER

-0-

7

SOLE DISPOSITIVE POWER

2,005,022 shares, except that (i) VGF Limited, the general partner of VGF Partners, may be deemed to have sole dispositive power with respect to such shares and (ii) Lovell, a Director and an investment partner of VGF Limited, may be deemed to have shared dispositive power with respect to such shares.

8

SHARED DISPOSITIVE POWER

-0-

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,005,022
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.6%
12 TYPE OF REPORTING PERSON* PN

 

 

 

 

CUSIP NO. G0443N107

 

13 G Page 4 of 11

 

1 NAME OF REPORTING PERSON         VGF I Limited

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

2,005,022 shares, except that Lovell, a Director and an investment partner of VGF Limited, may be deemed to have shared voting power with respect to such shares

6

SHARED VOTING POWER

-0-

7

SOLE DISPOSITIVE POWER

2,005,022 shares, except that Lovell, a Director and an investment partner of VGF Limited, may be deemed to have shared dispositive power with respect to such shares.

8

SHARED DISPOSITIVE POWER

-0-

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,005,022
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.6%
12 TYPE OF REPORTING PERSON* OO

 

 

 

 

CUSIP NO. G0443N107

 

13 G Page 5 of 11

 

1 NAME OF REPORTING PERSON         Evan Lovell

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

 

(a) ¨ (b) x

3 SEC USE ONLY
4

CITIZENSHIP OR PLACE OF ORGANIZATION

U.S. Citizen

 

 

NUMBER OF

 

SHARES

 

BENEFICIALLY

 

OWNED BY EACH

 

REPORTING

 

PERSON

 

WITH

5

SOLE VOTING POWER

-0-

6

SHARED VOTING POWER

2,005,022 shares, all of which are held directly by VGF Fund. VGF Limited is the ultimate general partner of VGF Fund and Lovell, a Director and an investment partner of VGF Limited, may be deemed to have shared power to vote these shares.

7

SOLE DISPOSITIVE POWER

-0-

8

SHARED DISPOSITIVE POWER

2,005,022 shares, all of which are held directly by VGF Fund. VGF Limited is the ultimate general partner of VGF Fund and Lovell, a Director and an investment partner of VGF Limited, may be deemed to have shared power to dispose of these shares.

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,005,022
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.6%
12 TYPE OF REPORTING PERSON* IN

 

 

 

 

CUSIP NO. G0443N107

 

13 G Page 6 of 11

 

ITEM 1(A).   NAME OF ISSUER
     
    AquaVenture Holdings Limited
     
ITEM 1(B).   ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES
     
    14400 Carlson Circle
    Tampa FL 33626
     
ITEM 2(A).   NAME OF PERSONS FILING
     
   

This Statement is filed by Virgin Green Fund I, L.P., a Cayman Islands exempted limited partnership (“VGF Fund”), VGF Partners I, L.P., a Cayman Islands exempted limited partnership (“VGF Partners”), VGF I Limited, a Cayman Islands company (“VGF Limited”) and Evan Lovell (“Lovell”). The foregoing entities and individuals are collectively referred to as the “Reporting Persons.”

     
    VGF Limited is the general partner of VGF Partners, which serves as the general partner of VGF Fund. VGF Limited and VGF Partners may each be deemed to have indirect beneficial ownership of shares of the issuer directly owned by VGF Fund. Lovell is a Director and an investment partner of VGF Limited and may be deemed to have indirect beneficial ownership of shares of the issuer directly owned by VGF Fund.
     
ITEM 2(B).   ADDRESS OF PRINCIPAL OFFICE
     
    The address for each of the Reporting Persons is:
     
    179 Harrow Road
    London, United Kingdom W2 6NB
     
ITEM 2(C).   CITIZENSHIP
     
   

VGF Fund and VGF Partners are Cayman Islands exempted limited partnerships. VGF Limited is a Cayman Islands company. Lovell is a United States citizen.

 

ITEM 2(D) AND (E).   TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER
     
    Ordinary Shares, no par value
    CUSIP #G0443N107
     
ITEM 3.   Not Applicable.

 

 

 

 

CUSIP NO. G0443N107

 

13 G Page 7 of 11

  

ITEM 4. OWNERSHIP
   
  Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.  

 

  (a) Amount beneficially owned:
     
    See Row 9 of cover page for each Reporting Person.
     
  (b) Percent of Class:
     
    See Row 11 of cover page for each Reporting Person.
     
  (c) Number of shares as to which such person has:

 

  (i) Sole power to vote or to direct the vote:
     
    See Row 5 of cover page for each Reporting Person.
     
  (ii) Shared power to vote or to direct the vote:
     
    See Row 6 of cover page for each Reporting Person.
     
  (iii) Sole power to dispose or to direct the disposition of:
     
    See Row 7 of cover page for each Reporting Person.
     
  (iv) Shared power to dispose or to direct the disposition of:
     
    See Row 8 of cover page for each Reporting Person.

 

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
   
Not applicable.
   
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
   
  Under certain circumstances set forth in the limited partnership agreements of VGF Fund and VGF Partners, and the memorandum and articles of association of VGF Limited, the general and limited partners or shareholders, as the case may be, of each of such entities may be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of the issuer owned by each such entity of which they are a partner or member, as the case may be.
   
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.

 

 

 

 

CUSIP NO. G0443N107

 

13 G Page 8 of 11

  

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.

 

 

 

 

CUSIP NO. G0443N107

 

13 G Page 9 of 11

 

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.

 

Date: January 25, 2017

 

Entities:      
  VIRGIN GREEN FUND I, L.P., by its General Partner VGF PARTNERS I, L.P., by its General Partner VGF I Limited    
       
  VGF PARTNERS I, L.P., by its General Partner VGF I Limited      
       
  VGF I LIMITED    
       
    By: /s/ Evan Lovell
      Evan Lovell, Director
       
Individuals:      
      /s/ Evan Lovell
      Evan Lovell

 

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

 

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 for whom copies are to be sent.

 

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

 

 

 

 

CUSIP NO. G0443N107

 

13 G Page 10 of 11

 

EXHIBIT INDEX

 

    Found on
Sequentially
Exhibit   Numbered Page
     
Exhibit A:  Agreement of Joint Filing   12

 

 

 

 

CUSIP NO. G0443N107

 

13 G Page 11 of 11

 

exhibit A

 

Agreement of Joint Filing

 

The undersigned hereby agree that a single Schedule 13G (or any amendment thereto) relating to the Common Stock of AquaVenture Holdings Limited shall be filed on behalf of each of the undersigned and that this Agreement shall be filed as an exhibit to such Schedule 13G.

 

Date: January 25, 2017

 

Entities:      
  VIRGIN GREEN FUND I, L.P., by its General Partner VGF PARTNERS I, L.P., by its General Partner VGF I Limited    
       
  VGF PARTNERS I, L.P., by its General Partner VGF I Limited      
       
  VGF I LIMITED    
       
    By: /s/ Evan Lovell
      Evan Lovell, Director
       
Individuals:      
      /s/ Evan Lovell
      Evan Lovell