0001615774-18-001030.txt : 20180212 0001615774-18-001030.hdr.sgml : 20180212 20180212132217 ACCESSION NUMBER: 0001615774-18-001030 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180212 DATE AS OF CHANGE: 20180212 GROUP MEMBERS: FORTISSIMO CAPITAL 2 MANAGEMENT (GP) LTD GROUP MEMBERS: FORTISSIMO CAPITAL FUND II (GP), LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Kornit Digital Ltd. CENTRAL INDEX KEY: 0001625791 STANDARD INDUSTRIAL CLASSIFICATION: PRINTING TRADES MACHINERY & EQUIPMENT [3555] IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-89357 FILM NUMBER: 18595428 BUSINESS ADDRESS: STREET 1: 12 HA'AMAL STREET STREET 2: AFEK PARK CITY: ROSH-HA'AYIN STATE: L3 ZIP: 4809246 BUSINESS PHONE: 97239085800 MAIL ADDRESS: STREET 1: 12 HA'AMAL STREET STREET 2: AFEK PARK CITY: ROSH-HA'AYIN STATE: L3 ZIP: 4809246 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Fortissimo Capital Fund II CENTRAL INDEX KEY: 0001667283 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 14 HAMELACHA STREET, PARK AFEK CITY: ROSH HA'AYIN STATE: L3 ZIP: 48091 BUSINESS PHONE: 972-3-915-7466 MAIL ADDRESS: STREET 1: 14 HAMELACHA STREET, PARK AFEK CITY: ROSH HA'AYIN STATE: L3 ZIP: 48091 SC 13G/A 1 s109002_sc13ga.htm SC 13G/A

 

     
  UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549		  

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

 

(Amendment No. 1)*

 

KORNIT DIGITAL LTD.

(Name of Issuer)

 

Ordinary Shares

(Title of Class of Securities)

 

M6372Q113

(CUSIP Number)

 

December 31, 2017

(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-l(b)

 

☐  Rule 13d-l(c)

 

☒  Rule 13d-l(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 the disclosures provided in a prior cover page.

 

The information required in 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).

 

 Page 1 of 8 pages

 

CUSIP No. M6372Q113   

 

1.    Names of Reporting Persons.

 

FORTISSIMO CAPITAL FUND II (Israel), LP

 

 
2.    Check the Appropriate Box if a Member of a Group (See Instructions)
 
☒  (a)  
 
☐ (b)  
3.    SEC Use Only  
4.    Citizenship or Place of Organization      Cayman Islands

Number of
Shares
Beneficially by
Owned by Each
Reporting
Person With:		 5.    Sole Voting Power      0*
6.    Shared Voting Power      4,552,481 *
7.    Sole Dispositive Power      0*
8.    Shared Dispositive Power      4,552,481 *

9.    Aggregate Amount Beneficially Owned by Each Reporting Person      4,552,481 *
10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).  
11.  Percent of Class Represented by Amount in Row (9)      13.5%
12.  Type of Reporting Person (See Instructions) PN
*Calculations are based on 33,733,431 Ordinary Shares of the Issuer outstanding, in accordance with disclosure contained in the Issuer’s Proxy Statement dated July 3, 2017. This Amendment No. 1 to Schedule 13G is filed jointly by Fortissimo Capital Fund II (GP), L.P., Fortissimo Capital Fund II (Israel) and Fortissimo Capital 2 Management (GP) Ltd. (together, the “Fortissimo Entities”) acting as a “group” within the meaning of Rule 13d-5(b)(1) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), pursuant to the Joint Filing Agreement among the Fortissimo Entities filed as Exhibit 1 to the Schedule 13G filed by the Fortissimo Entities on February 18, 2016 and incorporated herein by reference (the  “Joint Filing Agreement”).

 

 Page 2 of 8 pages

 

CUSIP No. M6372Q113   

 

1.     Names of Reporting Persons. 

 

FORTISSIMO CAPITAL FUND II (GP), LP 

 

 
2.     Check the Appropriate Box if a Member of a Group (See Instructions)
 
☒  (a)  
 
☐ (b)  
3.     SEC Use Only  
4.     Citizenship or Place of Organization      Israel

Number of
Shares
Beneficially by
Owned by Each
Reporting
Person With:		 5.    Sole Voting Power      0*
6.    Shared Voting Power      4,552,481*
7.    Sole Dispositive Power      0*
8.    Shared Dispositive Power      4,552,481*

9.    Aggregate Amount Beneficially Owned by Each Reporting Person      4,552,481*
10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).*  
11.  Percent of Class Represented by Amount in Row (9)      13.5%
12.  Type of Reporting Person (See Instructions) PN
* Calculations are based on 33,733,431 Ordinary Shares of the Issuer outstanding, in accordance with disclosure contained in the Issuer’s Proxy Statement dated July 3, 2017. This Amendment No. 1 to Schedule 13G is filed jointly by the Fortissimo Entities acting as a “group” within the meaning of Rule 13d-5(b)(1) under the Exchange Act, pursuant to the Joint Filing Agreement.

 

Page 3 of 8 pages

 

 

CUSIP No. M6372Q113  

 

1.     Names of Reporting Persons. 

 

FORTISSIMO CAPITAL 2 MANAGEMENT (GP) LTD 

 

 
2.     Check the Appropriate Box if a Member of a Group (See Instructions)
 
☒  (a)  
 
☐  (b)  
3.     SEC Use Only  
4.     Citizenship or Place of Organization      Israel

Number of
Shares
Beneficially by
Owned by Each
Reporting
Person With:		 5.    Sole Voting Power      0*
6.    Shared Voting Power      4,552,481*
7.    Sole Dispositive Power      0*
8.    Shared Dispositive Power     4,552,481 *

9.    Aggregate Amount Beneficially Owned by Each Reporting Person      4,552,481*
10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).  *
11.  Percent of Class Represented by Amount in Row (9)      13.5%
12.  Type of Reporting Person (See Instructions) PN
* Calculations are based on 33,733,431 Ordinary Shares of the Issuer outstanding, in accordance with disclosure contained in the Issuer’s Proxy Statement dated July 3, 2017. This Amendment No. 1 to Schedule 13G is filed jointly by the Fortissimo Entities acting as a “group” within the meaning of Rule 13d-5(b)(1) under the Exchange Act, pursuant to the Joint Filing Agreement among the Fortissimo Entities filed as Exhibit 1 hereto.

 

Page 4 of 8 pages

 

 

Item 1.

 

  (a) The name of the Issuer is Kornit Digital Ltd.

 

  (b) The address of the Issuer’s principal executive offices is: 12 Ha’Amal Street, Rosh Ha’Ayin 4809246, Israel.

 

Item 2.

 

  (a) and (d) This Amendment No. 1 to Schedule 13G is being filed by Fortissimo Capital Fund II (Israel), L.P. (“FF II”); Fortissimo Capital Fund II (GP), L.P. (“FF II GP”) and Fortissimo Capital 2 Management (GP) Ltd. (FF II MGMT”), FF II, FF II GP and FF II MGMT are collectively referred to herein as the “Reporting Persons”), with respect to beneficial ownership of the Ordinary Shares of the Issuer.

 

  (b) and (c) FF II is a limited partnership organized and existing under the laws of the Cayman Islands and whose business address is 14 Hamelacha Street, Park Afek, Rosh Ha’ayin Israel 48091. FF II is the record holder of the Ordinary Shares of the Issuer. FF II GP is a limited partnership organized and existing under the laws of the State of Israel and whose principal business is to act as the sole general partner of FF II. Its business address is 14 Hamelacha Street, Park Afek, Rosh Ha’ayin Israel 48091. The general partner of FFII GP is FFF II MGMT, an Israel company whose business address is 14 Hamelacha Street, Park Afek, Rosh Ha’ayin Israel 48091. FFII MGMT’s principal business is to act as the sole general partner of FF II GP. The sole shareholder and director of FF II MGMT is Yuval Cohen (the “Control Person”). The Control Person’s business address is 14 Hamelacha Street, Park Afek, Rosh Haayin Israel 48091 and his principal business activity is managing the investments of each of the Reporting Persons.

 

  (e) The CUSIP number of the Issuer’s Ordinary Shares is M 6372Q113

 

Item 3.    Not applicable

 

 Page 5 of 8 pages

 

Item 4.Ownership

 

Name of Fund   Number of Shares     Percentage Holdings*  
Fortissimo Capital Fund II (Israel) L.P.     4,552,481 **     13.5 %
                 
Fortissimo Capital Fund II (GP), L.P.     4,552,481 **     13.5 %
                 
Fortissimo Capital 2 Management (GP) Ltd.     4,552,481 **     13.5 %

  

 Page 6 of 8 pages

 

* Calculations are based on 33,733,431 Ordinary Shares of the Issuer outstanding, in accordance with disclosure contained in the Issuer’s Proxy Statement dated July 3, 2017. This Amendment No. 1 to Schedule 13G is filed jointly by the Fortissimo Entities acting as a “group” within the meaning of Rule 13d-5(b)(1) under the Exchange Act, pursuant to the Joint Filing Agreement.

 

**FF II is the registered owner of the Ordinary Shares of the Issuer.

 

FFC GP, in its capacity of being the sole general partner of FF II, controls and manages FF II. Accordingly, FF II GP is the beneficial owner of the Ordinary Shares held by FF II. FF II GP, in its capacity as the general partner of FF II, has the voting and dispositive power over the Ordinary Shares held by FF II. FF II GP may be deemed to be the indirect beneficial owner of the Ordinary Shares held by FF II.

 

FF II MGMT, in its capacity as being the sole general partner of FF II GP, controls and manages FF II GP. FF II MGMT, in its capacity as the general partner of FF II GP, has the voting and dispositive power over the Ordinary Shares beneficially owned by FF II GP. Accordingly, FF II MGMT may be deemed to be the indirect beneficial owner of the Ordinary Shares deemed to be indirectly and beneficially owned by FF II GP.

 

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.

 

FF II GP is the general partner of FF II and as such makes decisions on behalf of FF II, but does not have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of securities of the Issuer.

 

FF II MGMT the general partner of FF II GP and as such makes decisions on behalf of FF II GP, but does not have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of securities of the Issuer.

 

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

 

See the Joint Filing Agreement attached as Exhibit 1 to Schedule 13G filed by the Reporting Persons on February 18, 2016, which is incorporated herein by reference.

 

Item 9. Notice of Dissolution of Group

 

Not Applicable

 

Item 10. Certifications

 

Not Applicable

 

 Page 7 of 8 pages

 

 Exhibit Index

 

Exhibit 1. Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended (filed as Exhibit 1 to the Schedule 13G filed by the Reporting Persons on February 18, 2016).

 

SIGNATURE

 

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 12, 2018

 

  Fortissimo Capital Fund II (Israel) L.P.  
     
  By its General Partner  
     
  Fortissimo Capital Fund II (GP), L.P.  
     
  By its General Partner  
     
  Fortissimo Capital 2 Management (GP) Ltd.  
     
  /s/ Yuval Cohen  
  Yuval Cohen, Director  
     
  Fortissimo Capital Fund II (GP), L.P.  
     
  By its General Partner:  
     
  Fortissimo Capital 2 Management (GP) Ltd.  
     
  /s/ Yuval Cohen  
  Yuval Cohen, Director  
     
  Fortissimo Capital 2 Management (GP) Ltd.  
     
  /s/ Yuval Cohen  
  Yuval Cohen, Director  

 

Page 8 of 8 pages