Form: SC 13G/A

Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions

February 12, 2016

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.     1)*

 

 

AXALTA COATING SYSTEMS LTD.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

G0750C108

(CUSIP Number)

December 31, 2015

(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)

x 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. G0750C108    Schedule 13G    Page 1 of 28

 

  1   

NAMES OF REPORTING PERSONS

 

The Carlyle Group L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ¨        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZEN OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

0

   6   

SHARED VOTING POWER

 

69,811,996

   7   

SOLE DISPOSITIVE POWER

 

0

   8   

SHARED DISPOSITIVE POWER

 

69,811,996

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

69,811,996

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

29.4%

12  

TYPE OF REPORTING PERSON

 

PN


CUSIP No. G0750C108    Schedule 13G    Page 2 of 28

 

  1 

 

NAMES OF REPORTING PERSONS

 

Carlyle Group Management L.L.C.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ¨        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZEN OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

0

   6   

SHARED VOTING POWER

 

69,811,996

   7   

SOLE DISPOSITIVE POWER

 

0

   8   

SHARED DISPOSITIVE POWER

 

69,811,996

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

69,811,996

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

29.4%

12  

TYPE OF REPORTING PERSON

 

OO (Limited Liability Company)


CUSIP No. G0750C108    Schedule 13G    Page 3 of 28

 

  1   

NAMES OF REPORTING PERSONS

 

Carlyle Holdings II GP L.L.C.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ¨        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZEN OR PLACE OF ORGANIZATION

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

0

   6   

SHARED VOTING POWER

 

69,811,996

   7   

SOLE DISPOSITIVE POWER

 

0

   8   

SHARED DISPOSITIVE POWER

 

69,811,996

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

69,811,996

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

29.4%

12  

TYPE OF REPORTING PERSON

 

OO (Limited Liability Company)


CUSIP No. G0750C108    Schedule 13G    Page 4 of 28

 

  1   

NAMES OF REPORTING PERSONS

 

Carlyle Holdings II L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ¨        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZEN OR PLACE OF ORGANIZATION

 

Québec

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

0

   6   

SHARED VOTING POWER

 

69,811,996

   7   

SOLE DISPOSITIVE POWER

 

0

   8   

SHARED DISPOSITIVE POWER

 

69,811,996

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

69,811,996

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

29.4%

12  

TYPE OF REPORTING PERSON

 

OO (Québec société en commandit)


CUSIP No. G0750C108    Schedule 13G    Page 5 of 28

 

  1   

NAMES OF REPORTING PERSONS

 

TC Group Cayman Investment Holdings, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ¨        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZEN OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

0

   6   

SHARED VOTING POWER

 

69,811,996

   7   

SOLE DISPOSITIVE POWER

 

0

   8   

SHARED DISPOSITIVE POWER

 

69,811,996

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

69,811,996

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

29.4%

12  

TYPE OF REPORTING PERSON

 

PN


CUSIP No. G0750C108    Schedule 13G    Page 6 of 28

 

  1   

NAMES OF REPORTING PERSONS

 

TC Group Cayman Investment Holdings Sub L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ¨        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZEN OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

0

   6   

SHARED VOTING POWER

 

69,811,996

   7   

SOLE DISPOSITIVE POWER

 

0

   8   

SHARED DISPOSITIVE POWER

 

69,811,996

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

69,811,996

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

29.4%

12  

TYPE OF REPORTING PERSON

 

PN


CUSIP No. G0750C108    Schedule 13G    Page 7 of 28

 

  1   

NAMES OF REPORTING PERSONS

 

CP V General Partner, L.L.C.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ¨        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZEN OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

0

   6   

SHARED VOTING POWER

 

53,560,977

   7   

SOLE DISPOSITIVE POWER

 

0

   8   

SHARED DISPOSITIVE POWER

 

53,560,977

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

53,560,977

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

22.5%

12  

TYPE OF REPORTING PERSON

 

OO (Cayman Islands Exempt Company)


CUSIP No. G0750C108    Schedule 13G    Page 8 of 28

 

  1   

NAMES OF REPORTING PERSONS

 

TC Group V Cayman, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ¨        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZEN OR PLACE OF ORGANIZATION

 

    Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    53,560,977

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    53,560,977

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    53,560,977

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

    Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    22.5%

12  

TYPE OF REPORTING PERSON

 

    PN


CUSIP No. G0750C108    Schedule 13G    Page 9 of 28

 

  1   

NAMES OF REPORTING PERSONS

 

Carlyle Partners V SA1 Cayman, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ¨        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZEN OR PLACE OF ORGANIZATION

 

    Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    14,855,707

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    14,855,707

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    14,855,707

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

    Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    6.2%

12  

TYPE OF REPORTING PERSON

 

    PN


CUSIP No. G0750C108    Schedule 13G    Page 10 of 28

 

 

  1   

NAMES OF REPORTING PERSONS

 

Carlyle Partners V SA2 Cayman, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ¨        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZEN OR PLACE OF ORGANIZATION

 

    Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    13,393,550

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    13,393,550

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    13,393,550

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

    Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    5.6%

12  

TYPE OF REPORTING PERSON

 

    PN


CUSIP No. G0750C108    Schedule 13G    Page 11of 28

 

  1   

NAMES OF REPORTING PERSONS

 

Carlyle Partners V SA3 Cayman, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ¨        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZEN OR PLACE OF ORGANIZATION

 

    Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    13,745,430

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    13,745,430

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    13,745,430

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

    Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    5.8%

12  

TYPE OF REPORTING PERSON

 

    PN


CUSIP No. G0750C108    Schedule 13G    Page 12 of 28

 

  1   

NAMES OF REPORTING PERSONS

 

Carlyle Partners V-A Cayman, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ¨        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZEN OR PLACE OF ORGANIZATION

 

    Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    861,169

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    861,169

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    861,169

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

    Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    0.4%

12  

TYPE OF REPORTING PERSON

 

    PN


CUSIP No. G0750C108    Schedule 13G    Page 13 of 28

 

  1   

NAMES OF REPORTING PERSONS

 

CP V Coinvestment A Cayman, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ¨        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZEN OR PLACE OF ORGANIZATION

 

    Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    1,631,615

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    1,631,615

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    1,631,615

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

    Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    0.7%

12  

TYPE OF REPORTING PERSON

 

    PN


CUSIP No. G0750C108    Schedule 13G    Page 14 of 28

 

  1   

NAMES OF REPORTING PERSONS

 

CP V Coinvestment B Cayman, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ¨        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZEN OR PLACE OF ORGANIZATION

 

    Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    195,881

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    195,881

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    195,881

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

    Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    0.1%

12  

TYPE OF REPORTING PERSON

 

    PN


CUSIP No. G0750C108    Schedule 13G    Page 15 of 28

 

  1   

NAMES OF REPORTING PERSONS

 

Carlyle Coatings Partners, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ¨        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZEN OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

0

   6   

SHARED VOTING POWER

 

8,877,625

   7   

SOLE DISPOSITIVE POWER

 

0

   8   

SHARED DISPOSITIVE POWER

 

8,877,625

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

8,877,625

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

3.7%

12  

TYPE OF REPORTING PERSON

 

PN


CUSIP No. G0750C108    Schedule 13G    Page 16 of 28

 

  1   

NAMES OF REPORTING PERSONS

 

CEP III Managing GP Holdings, Ltd.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ¨        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZEN OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

0

   6   

SHARED VOTING POWER

 

16,251,019

   7   

SOLE DISPOSITIVE POWER

 

0

   8   

SHARED DISPOSITIVE POWER

 

16,251,019

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

16,251,019

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

6.8%

12  

TYPE OF REPORTING PERSON

 

    OO (Cayman Islands Exempt Company)


CUSIP No. G0750C108    Schedule 13G    Page 17 of 28

 

  1   

NAMES OF REPORTING PERSONS

 

CEP III Managing GP, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ¨        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZEN OR PLACE OF ORGANIZATION

 

United Kingdom

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

0

   6   

SHARED VOTING POWER

 

16,251,019

   7   

SOLE DISPOSITIVE POWER

 

0

   8   

SHARED DISPOSITIVE POWER

 

16,251,019

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

16,251,019

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

6.8%

12  

TYPE OF REPORTING PERSON

 

PN


CUSIP No. G0750C108    Schedule 13G    Page 18 of 28

 

  1   

NAMES OF REPORTING PERSONS

 

Carlyle Europe Partners III, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ¨        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZEN OR PLACE OF ORGANIZATION

 

United Kingdom

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

0

   6   

SHARED VOTING POWER

 

16,251,019

   7   

SOLE DISPOSITIVE POWER

 

0

   8   

SHARED DISPOSITIVE POWER

 

16,251,019

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

16,251,019

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

6.8%

12  

TYPE OF REPORTING PERSON

 

PN


CUSIP No. G0750C108    Schedule 13G    Page 19 of 28

 

  1   

NAMES OF REPORTING PERSONS

 

CEP III Participations S.à r.l. SICAR

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ¨        (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZEN OR PLACE OF ORGANIZATION

 

Luxembourg

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

0

   6   

SHARED VOTING POWER

 

16,251,019

   7   

SOLE DISPOSITIVE POWER

 

0

   8   

SHARED DISPOSITIVE POWER

 

16,251,019

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

16,251,019

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

Not Applicable

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

6.8%

12  

TYPE OF REPORTING PERSON

 

OO (Luxembourg Limited Liability Company)


CUSIP No. G0750C108    Schedule 13G    Page 20 of 28

 

ITEM 1. (a)    Name of Issuer:

Axalta Coating Systems Ltd. (the “Issuer”)

(b)    Address of Issuer’s Principal Executive Offices:

Two Commerce Square,

2001 Market Street,

Suite 3600,

Philadelphia, Pennsylvania 19103

 

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:

Carlyle Group Management L.L.C.

The Carlyle Group L.P.

Carlyle Holdings II GP L.L.C.

Carlyle Holdings II L.P.

TC Group Cayman Investment Holdings, L.P.

TC Group Cayman Investment Holdings Sub L.P.

CP V General Partner, L.L.C.

TC Group V Cayman, L.P.

Carlyle Partners V SA1 Cayman, L.P. (“CPV SA1”)

Carlyle Partners V SA2 Cayman, L.P. (“CPV SA2”)

Carlyle Partners V SA3 Cayman, L.P. (“CPV SA3”)

Carlyle Partners V-A Cayman, L.P. (“CPV-A”)

CP V Coinvestment A Cayman, L.P. (“CPV Coinvest A”)

CP V Coinvestment B Cayman, L.P. (“CPV Coinvest B”)

Carlyle Coatings Partners, L.P. (“CCP”, and together with CPV SA1, CPV SA2, CPV SA3, CPV-A, CPV     Coinvest A and CPV Coinvest B, the “Carlyle Cayman Shareholders”)

CEP III Managing GP Holdings, Ltd.

CEP III Managing GP, L.P.

Carlyle Europe Partners III, L.P.

CEP III Participations S.à r.l. SICAR (“CEP III”)

(b)    Address or Principal Business Office:

The address for each of TC Group Cayman Investment Holdings, L.P., TC Group Cayman Investment Holdings Sub L.P., TC Group V Cayman, L.P. and the Carlyle Cayman Shareholders is c/o Intertrust Corporate Services, 190 Elgin Avenue, George Town, Grand Cayman, E9 KY1-9005, Cayman Islands. The address for CEP III is c/o The Carlyle Group, 2, avenue Charles de Gaulle, L -1653 Luxembourg, Luxembourg. The address of each of the other Reporting Persons is c/o The Carlyle Group, 1001 Pennsylvania Ave. NW, Suite 220 South, Washington, D.C. 20004-2505.


CUSIP No. G0750C108    Schedule 13G    Page 21 of 28

 

(c)    Citizenship of each Reporting Person is:

Carlyle Group Management L.L.C., The Carlyle Group L.P. and Carlyle Holdings II GP L.L.C. are organized in the state of Delaware. Carlyle Holdings II L.P. is a Québec société en commandit. CEP III Managing GP, L.P. and Carlyle Europe Partners III, L.P. are organized under the laws of the United Kingdom. CEP III Participations S.à r.l. SICAR is organized under the laws of Luxembourg. Each of the other Reporting Persons is organized under the laws of the Cayman Islands.

(d)    Title of Class of Securities:

Common shares, $1.00 par value per share (“Common Shares”).

(e)    CUSIP Number:

G0750C108

 

ITEM 3.

Not applicable.


CUSIP No. G0750C108    Schedule 13G    Page 22 of 28

 

ITEM 4. Ownership

Ownership (a-c)

The ownership information presented below represents beneficial ownership of Common Shares of the Issuer as of December 31, 2015, based upon 237,844,503 Common Shares outstanding as of October 27, 2015.

 

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:

 

Carlyle Group Management L.L.C.

     69,811,996         29.4     0         69,811,996         0         69,811,996   

The Carlyle Group L.P.

     69,811,996         29.4     0         69,811,996         0         69,811,996   

Carlyle Holdings II GP L.L.C.

     69,811,996         29.4     0         69,811,996         0         69,811,996   

Carlyle Holdings II L.P.

     69,811,996         29.4     0         69,811,996         0         69,811,996   

TC Group Cayman Investment Holdings, L.P.

     69,811,996         29.4     0         69,811,996         0         69,811,996   

TC Group Cayman Investment Holdings Sub L.P.

     69,811,996         29.4     0         69,811,996         0         69,811,996   

CP V General Partner, L.L.C.

     53,560,977         22.5     0         53,560,977         0         53,560,977   

TC Group V Cayman, L.P.

     53,560,977         22.5     0         53,560,977         0         53,560,977   

Carlyle Partners V SA1 Cayman, L.P.

     14,855,707         6.2     0         14,855,707         0         14,855,707   

Carlyle Partners V SA2 Cayman, L.P.

     13,393,550         5.6     0         13,393,550         0         13,393,550   

Carlyle Partners V SA3 Cayman, L.P.

     13,745,430         5.8     0         13,745,430         0         13,745,430   

Carlyle Partners V-A Cayman, L.P.

     861,169         0.4     0         861,169         0         861,169   

CP V Coinvestment A Cayman, L.P.

     1,631,615         0.7     0         1,631,615         0         1,631,615   

CP V Coinvestment B Cayman, L.P.

     195,881         0.1     0         195,881         0         195,881   

Carlyle Coatings Partners, L.P.

     8,877,625         3.7     0         8,877,625         0         8,877,625   

CEP III Managing GP Holdings, Ltd.

     16,251,019         6.8     0         16,251,019         0         16,251,019   

CEP III Managing GP, L.P.

     16,251,019         6.8     0         16,251,019         0         16,251,019   

Carlyle Europe Partners III, L.P.

     16,251,019         6.8     0         16,251,019         0         16,251,019   

CEP III Participations S.à r.l. SICAR

     16,251,019         6.8     0         16,251,019         0         16,251,019   

CPV SA1, CPV SA2 and CPV SA3 are the record holders of 14,855,707, 13,393,550 and 13,745,430 Common Shares, respectively. CPV-A, CPV Coinvest A, CPV Coinvest B and CCP are the record holders of 861,169, 1,631,615, 195,881 and 8,877,625 Common Shares, respectively. CEP III is the record holder of 16,251,019 Common Shares.

Carlyle Group Management L.L.C. is the general partner of The Carlyle Group L.P., which is a publicly traded entity listed on NASDAQ. The Carlyle Group L.P. is the managing member of Carlyle Holdings II GP L.L.C., which is the general partner of Carlyle Holdings II L.P., which is the general partner of TC Group Cayman Investment Holdings, L.P., which is the general partner of TC Group Cayman Investment Holdings Sub L.P., which is the sole member of CP V General Partner, L.L.C. and the sole shareholder of CEP III Managing GP Holdings, Ltd. CP V General Partner, L.L.C. is the general partner of TC Group V Cayman, L.P., which is the general partner of each of the Carlyle Cayman Shareholders. CEP III Managing GP Holdings, Ltd. is the general partner of CEP III Managing GP, L.P., which is the general partner of Carlyle Europe Partners III, L.P., which is the sole shareholder of CEP III.


CUSIP No. G0750C108    Schedule 13G    Page 23 of 28

 

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

Not applicable.


CUSIP No. G0750C108    Schedule 13G    Page 24 of 28

 

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: February 12, 2016

 

CARLYLE GROUP MANAGEMENT L.L.C.
By:  

/s/ Daniel D’Aniello

Name:   Daniel D’Aniello
Title:   Chairman
THE CARLYLE GROUP L.P.
By: Carlyle Group Management L.L.C., its general partner
By:  

/s/ Daniel D’Aniello

Name:   Daniel D’Aniello
Title:   Chairman
CARLYLE HOLDINGS II GP L.L.C.
By: The Carlyle Group L.P., its managing member
By: Carlyle Group Management L.L.C., its general partner
By:  

/s/ Daniel D’Aniello

Name:   Daniel D’Aniello
Title:   Chairman
CARLYLE HOLDINGS II L.P.
By:  

/s/ Daniel D’Aniello

Name:   Daniel D’Aniello
Title:   Chairman
TC GROUP CAYMAN INVESTMENT HOLDINGS, L.P.
By: Carlyle Holdings II L.P., its general partner
By:  

/s/ Daniel D’Aniello

Name:   Daniel D’Aniello
Title:   Chairman


CUSIP No. G0750C108    Schedule 13G    Page 25 of 28

 

TC GROUP CAYMAN INVESTMENT HOLDINGS SUB L.P.
By: TC Group Cayman Investment Holdings, L.P., its general partner
By: Carlyle Holdings II L.P., its general partner
By:  

/s/ Daniel D’Aniello

Name:   Daniel D’Aniello
Title:   Chairman
CP V GENERAL PARTNER, L.L.C.
By:  

/s/ Daniel D’Aniello

Name:  

Daniel D’Aniello

Title:   Authorized Person
TC GROUP V CAYMAN, L.P.
By:  

/s/ Daniel D’Aniello

Name:  

Daniel D’Aniello

Title:   Authorized Person
CARLYLE PARTNERS V SA1 CAYMAN, L.P.
By: TC Group V Cayman, L.P., its general partner
By: CP V General Partner, L.L.C., its general partner
By:  

/s/ Daniel D’Aniello

Name:  

Daniel D’Aniello

Title:   Authorized Person
CARLYLE PARTNERS V SA2 CAYMAN, L.P.
By: TC Group V Cayman, L.P., its general partner
By: CP V General Partner, L.L.C., its general partner
By:  

/s/ Daniel D’Aniello

Name:  

Daniel D’Aniello

Title:   Authorized Person
CARLYLE PARTNERS V SA3 CAYMAN, L.P.
By: TC Group V Cayman, L.P., its general partner
By: CP V General Partner, L.L.C., its general partner
By:  

/s/ Daniel D’Aniello

Name:  

Daniel D’Aniello

Title:   Authorized Person


CUSIP No. G0750C108    Schedule 13G    Page 26 of 28

 

CARLYLE PARTNERS V-A CAYMAN, L.P.

By: TC Group V Cayman, L.P., its general partner

By: CP V General Partner, L.L.C., its general partner

By:

 

/s/ Daniel D’Aniello

Name:

 

Daniel D’Aniello

Title:

 

Authorized Person

CP V COINVESTMENT-A CAYMAN, L.P.

By: TC Group V Cayman, L.P., its general partner

By: CP V General Partner, L.L.C., its general partner

By:

 

/s/ Daniel D’Aniello

Name:

 

Daniel D’Aniello

Title:

 

Authorized Person

CP V COINVESTMENT-B CAYMAN, L.P.

By: TC Group V Cayman, L.P., its general partner

By: CP V General Partner, L.L.C., its general partner

By:

 

/s/ Daniel D’Aniello

Name:

 

Daniel D’Aniello

Title:

 

Authorized Person

CARLYLE COATING PARTNERS, L.P.

By: TC Group V Cayman, L.P., its general partner

By: CP V General Partner, L.L.C., its general partner

By:

 

/s/ Daniel D’Aniello

Name:

 

Daniel D’Aniello

Title:

 

Authorized Person

CEP III MANAGING GP HOLDINGS, LTD.

By: TCG Holdings Cayman II, L.P., its general partner

By: DBD Cayman Ltd., its general partner

By: Carlyle Offshore Partners II Ltd., its general partner

By:

 

/s/ Daniel D’Aniello

Name:

 

Daniel D’Aniello

Title:

 

Chairman


CUSIP No. G0750C108    Schedule 13G    Page 27 of 28

 

CEP III MANAGING GP, L.P.
By: CEP III Managing GP Holdings, Ltd., its general partner
By: TCG Holdings Cayman II, L.P., its general partner
By: DBD Cayman Ltd., its general partner
By: Carlyle Offshore Partners II Ltd., its general partner
By:  

/s/ Daniel D’Aniello

Name:   Daniel D’Aniello
Title:   Chairman
CARLYLE EUROPE PARTNERS III, L.P.
By: CEP III Managing GP, L.P., its general partner
By: CEP III Managing GP Holdings, Ltd., its general partner
By: TCG Holdings Cayman II, L.P., its general partner
By: DBD Cayman Ltd., its general partner
By: Carlyle Offshore Partners II Ltd., its general partner
By:  

/s/ Daniel D’Aniello

Name:   Daniel D’Aniello
Title:   Chairman
CEP III PARTICIPATIONS S.À R.L. SICAR
By:  

/s/ David B. Pearson

Name:  

David B. Pearson

Title:   Manager


CUSIP No. G0750C108    Schedule 13G    Page 28 of 28

 

LIST OF EXHIBITS

 

Exhibit No.

  

Description

24    Power of Attorney (incorporated by reference to Exhibit 24 to the Schedule 13G filed by the Reporting Persons on February 12, 2015).
99    Joint Filing Agreement (incorporated by reference to Exhibit 99 to the Schedule 13G filed by the Reporting Persons on February 12, 2015).