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    SEC Form SC 13G filed by Unity Software Inc.

    11/17/22 4:33:03 PM ET
    $U
    Computer Software: Prepackaged Software
    Technology
    Get the next $U alert in real time by email
    SC 13G 1 d400141dsc13g.htm SC 13G SC 13G

     

     

    Securities and Exchange Commission

    Washington, D.C. 20549

     

     

    Schedule 13G

    (Rule 13d-102)

    Information to be Included in Statements Filed Pursuant

    to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

    Pursuant to § 240.13d-2

    UNDER THE SECURITIES EXCHANGE ACT OF 1934

    (Amendment No.     )*

     

     

    Unity Software Inc.

    (Name of Issuer)

    Common Stock

    (Title of Class of Securities)

    91332U101

    (CUSIP Number)

    November 7, 2022

    (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)

     

    ☐

    Rule 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 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).

     

     

     


    CUSIP No. 91332U101    Schedule 13G    Page 1 of 16

     

      1    

      Names of Reporting Person

     

      CVC Capital Partners VII Limited

      2    

      Check the Appropriate Box if a Member of a Group

      (a)  ☐        (b)  ☐

     

      3    

      SEC Use Only

     

      4    

      Citizenship or Place of Organization

     

      Jersey

    Number of

    Shares

      Beneficially  

    Owned by

    Each

    Reporting

    Person

    With

        5     

      Sole Voting Power

     

      0

      6     

      Shared Voting Power

     

      25,840,660

      7     

      Sole Dispositive Power

     

      0

      8     

      Shared Dispositive Power

     

      25,840,660

      9    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      25,840,660

    10    

      Check if the Aggregate Amount in Row (9) Excludes Certain Shares

     

      Not Applicable

    11    

      Percent of Class Represented by Amount in Row 9

     

      6.3%

    12    

      Type of Reporting Person

     

      CO

     


    CUSIP No. 91332U101    Schedule 13G    Page 2 of 16

     

      1    

      Names of Reporting Person

     

      CVC Capital Partners VII Associates L.P.

      2    

      Check the Appropriate Box if a Member of a Group

      (a)  ☐        (b)  ☐

     

      3    

      SEC Use Only

     

      4    

      Citizenship or Place of Organization

     

      Jersey

    Number of

    Shares

      Beneficially  

    Owned by

    Each

    Reporting

    Person

    With

        5     

      Sole Voting Power

     

      0

      6     

      Shared Voting Power

     

      25,840,660

      7     

      Sole Dispositive Power

     

      0

      8     

      Shared Dispositive Power

     

      25,840,660

      9    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      25,840,660

    10    

      Check if the Aggregate Amount in Row (9) Excludes Certain Shares

     

      Not Applicable

    11    

      Percent of Class Represented by Amount in Row 9

     

      6.3%

    12    

      Type of Reporting Person

     

      PN


    CUSIP No. 91332U101    Schedule 13G    Page 3 of 16

     

      1    

      Names of Reporting Person

     

      CVC Capital Partners Investment Europe VII L.P.

      2    

      Check the Appropriate Box if a Member of a Group

      (a)  ☐        (b)  ☐

     

      3    

      SEC Use Only

     

      4    

      Citizenship or Place of Organization

     

      Jersey

    Number of

    Shares

      Beneficially  

    Owned by

    Each

    Reporting

    Person

    With

        5     

      Sole Voting Power

     

      0

      6     

      Shared Voting Power

     

      25,840,660

      7     

      Sole Dispositive Power

     

      0

      8     

      Shared Dispositive Power

     

      25,840,660

      9    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      25,840,660

    10    

      Check if the Aggregate Amount in Row (9) Excludes Certain Shares

     

      Not Applicable

    11    

      Percent of Class Represented by Amount in Row 9

     

      6.3%

    12    

      Type of Reporting Person

     

      PN


    CUSIP No. 91332U101    Schedule 13G    Page 4 of 16

     

      1    

      Names of Reporting Person

     

      CVC Capital Partners VII (A), L.P.

      2    

      Check the Appropriate Box if a Member of a Group

      (a)  ☐        (b)  ☐

     

      3    

      SEC Use Only

     

      4    

      Citizenship or Place of Organization

     

      Jersey

    Number of

    Shares

      Beneficially  

    Owned by

    Each

    Reporting

    Person

    With

        5     

      Sole Voting Power

     

      0

      6     

      Shared Voting Power

     

      25,840,660

      7     

      Sole Dispositive Power

     

      0

      8     

      Shared Dispositive Power

     

      25,840,660

      9    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      25,840,660

    10    

      Check if the Aggregate Amount in Row (9) Excludes Certain Shares

     

      Not Applicable

    11    

      Percent of Class Represented by Amount in Row 9

     

      6.3%

    12    

      Type of Reporting Person

     

      PN


    CUSIP No. 91332U101    Schedule 13G    Page 5 of 16

     

      1    

      Names of Reporting Person

     

      CVC Growth Partners GP Limited

      2    

      Check the Appropriate Box if a Member of a Group

      (a)  ☐        (b)  ☐

     

      3    

      SEC Use Only

     

      4    

      Citizenship or Place of Organization

     

      Jersey

    Number of

    Shares

      Beneficially  

    Owned by

    Each

    Reporting

    Person

    With

        5     

      Sole Voting Power

     

      0

      6     

      Shared Voting Power

     

      25,840,660

      7     

      Sole Dispositive Power

     

      0

      8     

      Shared Dispositive Power

     

      25,840,660

      9    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      25,840,660

    10    

      Check if the Aggregate Amount in Row (9) Excludes Certain Shares

     

      Not Applicable

    11    

      Percent of Class Represented by Amount in Row 9

     

      6.3%

    12    

      Type of Reporting Person

     

      CO

     


    CUSIP No. 91332U101    Schedule 13G    Page 6 of 16

     

      1    

      Names of Reporting Person

     

      CVC Growth Partners Associates L.P.

      2    

      Check the Appropriate Box if a Member of a Group

      (a)  ☐        (b)  ☐

     

      3    

      SEC Use Only

     

      4    

      Citizenship or Place of Organization

     

      Jersey

    Number of

    Shares

      Beneficially  

    Owned by

    Each

    Reporting

    Person

    With

        5     

      Sole Voting Power

     

      0

      6     

      Shared Voting Power

     

      25,840,660

      7     

      Sole Dispositive Power

     

      0

      8     

      Shared Dispositive Power

     

      25,840,660

      9    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      25,840,660

    10    

      Check if the Aggregate Amount in Row (9) Excludes Certain Shares

     

      Not Applicable

    11    

      Percent of Class Represented by Amount in Row 9

     

      6.3%

    12    

      Type of Reporting Person

     

      PN

     


    CUSIP No. 91332U101    Schedule 13G    Page 7 of 16

     

      1    

      Names of Reporting Person

     

      CVC Growth Partners L.P.

      2    

      Check the Appropriate Box if a Member of a Group

      (a)  ☐        (b)  ☐

     

      3    

      SEC Use Only

     

      4    

      Citizenship or Place of Organization

     

      Jersey

    Number of

    Shares

      Beneficially  

    Owned by

    Each

    Reporting

    Person

    With

        5     

      Sole Voting Power

     

      0

      6     

      Shared Voting Power

     

      25,840,660

      7     

      Sole Dispositive Power

     

      0

      8     

      Shared Dispositive Power

     

      25,840,660

      9    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      25,840,660

    10    

      Check if the Aggregate Amount in Row (9) Excludes Certain Shares

     

      Not Applicable

    11    

      Percent of Class Represented by Amount in Row 9

     

      6.3%

    12    

      Type of Reporting Person

     

      PN


    CUSIP No. 91332U101    Schedule 13G    Page 8 of 16

     

      1    

      Names of Reporting Person

     

      Appsource Holdings Jersey Limited

      2    

      Check the Appropriate Box if a Member of a Group

      (a)  ☐        (b)  ☐

     

      3    

      SEC Use Only

     

      4    

      Citizenship or Place of Organization

     

      Jersey

    Number of

    Shares

      Beneficially  

    Owned by

    Each

    Reporting

    Person

    With

        5     

      Sole Voting Power

     

      0

      6     

      Shared Voting Power

     

      25,840,660

      7     

      Sole Dispositive Power

     

      0

      8     

      Shared Dispositive Power

     

      25,840,660

      9    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      25,840,660

    10    

      Check if the Aggregate Amount in Row (9) Excludes Certain Shares

     

      Not Applicable

    11    

      Percent of Class Represented by Amount in Row 9

     

      6.3%

    12    

      Type of Reporting Person

     

      CO


    CUSIP No. 91332U101    Schedule 13G    Page 9 of 16

     

      1    

      Names of Reporting Person

     

      App Holdings S.à r.l.

      2    

      Check the Appropriate Box if a Member of a Group

      (a)  ☐        (b)  ☐

     

      3    

      SEC Use Only

     

      4    

      Citizenship or Place of Organization

     

      Luxembourg

    Number of

    Shares

      Beneficially  

    Owned by

    Each

    Reporting

    Person

    With

        5     

      Sole Voting Power

     

      0

      6     

      Shared Voting Power

     

      25,840,660

      7     

      Sole Dispositive Power

     

      0

      8     

      Shared Dispositive Power

     

      25,840,660

      9    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      25,840,660

    10    

      Check if the Aggregate Amount in Row (9) Excludes Certain Shares

     

      Not Applicable

    11    

      Percent of Class Represented by Amount in Row 9

     

      6.3%

    12    

      Type of Reporting Person

     

      OO


    CUSIP No. 91332U101    Schedule 13G    Page 10 of 16

     

      1    

      Names of Reporting Person

     

      App Investments S.à r.l.

      2    

      Check the Appropriate Box if a Member of a Group

      (a)  ☐        (b)  ☐

     

      3    

      SEC Use Only

     

      4    

      Citizenship or Place of Organization

     

      Luxembourg

    Number of

    Shares

      Beneficially  

    Owned by

    Each

    Reporting

    Person

    With

        5     

      Sole Voting Power

     

      0

      6     

      Shared Voting Power

     

      25,840,660

      7     

      Sole Dispositive Power

     

      0

      8     

      Shared Dispositive Power

     

      25,840,660

      9    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      25,840,660

    10    

      Check if the Aggregate Amount in Row (9) Excludes Certain Shares

     

      Not Applicable

    11    

      Percent of Class Represented by Amount in Row 9

     

      6.3%

    12    

      Type of Reporting Person

     

      OO


    CUSIP No. 91332U101    Schedule 13G    Page 11 of 16

     

    ITEM 1.

    (a)   Name of Issuer:

    Unity Software Inc. (the “Issuer”).

     

      (b)

    Address of Issuer’s Principal Executive Offices:

    30 3rd Street

    San Francisco, California 94103

     

    ITEM 2.

    (a)   Name of Person Filing:

    Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

     

      1.

    CVC Capital Partners VII Limited;

     

      2.

    CVC Capital Partners VII Associates L.P.;

     

      3.

    CVC Capital Partners Investment Europe VII L.P.;

     

      4.

    CVC Capital Partners VII (A), L.P. (together with CVC Capital Partners VII Associates L.P. and CVC Capital Partners Investment Europe VII L.P., “CVC Fund VII”);

     

      5.

    CVC Growth Partners GP Limited;

     

      6.

    CVC Growth Partners Associates L.P.

     

      7.

    CVC Growth Partners L.P. (together with CVC Growth Partners Associates L.P., “CVC Growth Fund I”);

     

      8.

    Appsource Holdings Jersey Limited;

     

      9.

    App Holdings S.à r.l.; and

     

      10.

    App Investments S.à r.l. (“App Investments”).

     

      (b)

    Address or Principal Business Office:

    The principal business address of the Reporting Persons under 1 through 8 is 27 Esplanade, St. Helier, JE1 1SG, Jersey.

    The principal business address of the Reporting Persons under 9 and 10 is 20 avenue Monterey, Luxembourg, L-2163.

     

      (c)

    Citizenship of each Reporting Person is:

    The Reporting Persons under 1 through 8 are organized under the laws of Jersey and the Reporting Persons under 9 and 10 are organized under the laws of Luxembourg.


    CUSIP No. 91332U101    Schedule 13G    Page 12 of 16

     

      (d)

    Title of Class of Securities:

    Common stock, $0.000005 par value (“Common Stock”)

     

      (e)

    CUSIP Number:

    91332U101

     

    ITEM 3.

    Not applicable.

     

    ITEM 4.

    Ownership.

    (a-c)

    The ownership information presented below represents beneficial ownership of Ordinary Shares of the Issuer as of November 7, 2022, based upon approximately 413.2 million shares of Common Stock outstanding as of November 7, 2022.

     

    Reporting Person   

    Amount

    beneficially

    owned

        

    Percent

    of class:

        Sole
    power
    to vote
    or to
    direct
    the vote:
        

    Shared
    power

    to vote

    or to

    direct

    the vote:

        

    Sole
    power to
    dispose or
    to direct
    the
    disposition

    of:

        

    Shared

    power to

    dispose or

    to direct

    the

    disposition

    of:

     

    CVC Capital Partners VII Limited

         25,840,660        6.3 %      0        25,840,660        0        25,840,660  

    CVC Capital Partners VII Associates L.P.

         25,840,660        6.3 %      0        25,840,660        0        25,840,660  

    CVC Capital Partners Investment Europe VII L.P.

         25,840,660        6.3 %      0        25,840,660        0        25,840,660  

    CVC Capital Partners VII (A), L.P.

         25,840,660        6.3 %      0        25,840,660        0        25,840,660  

    CVC Growth Partners GP Limited

         25,840,660        6.3 %      0        25,840,660        0        25,840,660  

    CVC Growth Partners Associates L.P.

         25,840,660        6.3 %      0        25,840,660        0        25,840,660  

    CVC Growth Partners L.P.

         25,840,660        6.3 %      0        25,840,660        0        25,840,660  

    Appsource Holdings Jersey Limited

         25,840,660        6.3 %      0        25,840,660        0        25,840,660  

    App Holdings S.a´.r.l.

         25,840,660        6.3 %      0        25,840,660        0        25,840,660  

    App Investments S.a´.r.l.

         25,840,660        6.3 %      0        25,840,660        0        25,840,660  

    App Investments is the record holder of 25,840,660 shares of Common Stock.

    The majority owner of App Investments is App Holdings S.à r.l., which is wholly owned by Appsource Holdings Jersey Limited, which is wholly owned by CVC Fund VII and CVC Growth Fund I. CVC Capital Partners VII Limited is the sole general partner of each of the limited partnerships comprising CVC Fund VII, and CVC


    CUSIP No. 91332U101    Schedule 13G    Page 13 of 16

     

    Growth Partners GP Limited is the general partner of each of the limited partnerships comprising CVC Growth Fund I. As a result, each of the foregoing entities may be deemed to share beneficial ownership of the securities held by App Investments. The board of directors of App Investments, composed of Stefan Moosmann, Carmen André and Caroline Goergen, exercises voting and investment authority with respect to the subject ordinary shares. CVC Capital Partners VII Limited is managed by a three member board of directors. CVC Growth Partners GP Limited is managed by a five member board of directors. Each of the foregoing individuals disclaims beneficial ownership of the securities beneficially owned by CVC Capital Partners VII Limited and CVC Growth Partners GP Limited.

     

    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.

    Not applicable.

     

    ITEM 7.

    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

    Not applicable.

     

    ITEM 8.

    Identification and Classification of Members of the Group.

    Not applicable.

     

    ITEM 9.

    Notice of Dissolution of Group.

    Not applicable.

     

    ITEM 10.

    Certification.

    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.


    CUSIP No. 91332U101    Schedule 13G    Page 14 of 16

     

    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.

    Date: November 16, 2022

     

    CVC Capital Partners VII Limited
    By:  

    /s/ Carl Hansen

    Name: Carl Hansen
    Title:   Director
    CVC Capital Partners VII Associates L.P.
    By: CVC Capital Partners VII Limited, its general partner
    By:  

    /s/ Carl Hansen

    Name: Carl Hansen
    Title:   Director
    CVC Capital Partners Investment Europe VII L.P.
    By: CVC Capital Partners VII Limited, its general partner
    By:  

    /s/ Carl Hansen

    Name: Carl Hansen
    Title:   Director
    CVC Capital Partners VII (A), L.P.
    By: CVC Capital Partners VII Limited, its general partner
    By:  

    /s/ Carl Hansen

    Name: Carl Hansen
    Title:   Director
    CVC Growth Partners GP Limited
    By:  

    /s/ Carl Hansen

    Name: Carl Hansen
    Title:   Director


    CUSIP No. 91332U101    Schedule 13G    Page 15 of 16

     

    CVC Growth Partners Associates L.P.
    By: CVC Growth Partners GP Limited, its general partner
    By:  

    /s/ Carl Hansen

    Name: Carl Hansen
    Title:   Director
    CVC Growth Partners L.P.
    By: CVC Growth Partners GP Limited, its general partner
    By:  

    /s/ Carl Hansen

    Name: Carl Hansen
    Title:   Director
    Appsource Holdings Jersey Limited
    By:  

    /s/ Robert Boylan

    Name: Robert Boylan
    Title:   Director
    App Holdings S.à r.l.
    By:  

    /s/ Caroline Goergen

    Name: Caroline Goergen
    Title:   Director
    By:  

    /s/ Carmen André

    Name: Carmen André
    Title:   Director

    App Investments S.à r.l

    By:

     

    /s/ Caroline Goergen

    Name: Caroline Goergen
    Title:   Director
    By:  

    /s/ Carmen André

    Name: Carmen André
    Title:   Director


    CUSIP No. 91332U101    Schedule 13G    Page 16 of 16

     

    LIST OF EXHIBITS

     

    Exhibit No.

      

    Description

    99    Joint Filing Agreement.
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