0001193125-16-541499.txt : 20160414 0001193125-16-541499.hdr.sgml : 20160414 20160414164106 ACCESSION NUMBER: 0001193125-16-541499 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160414 DATE AS OF CHANGE: 20160414 GROUP MEMBERS: BEHDAD EGHBALI GROUP MEMBERS: CCG OPERATIONS, LLC GROUP MEMBERS: CLEARLAKE CAPITAL PARTNERS IV GP, L.P. GROUP MEMBERS: CLEARLAKE CAPITAL PARTNERS, LLC GROUP MEMBERS: JOSE E. FELICIANO SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TANGOE INC CENTRAL INDEX KEY: 0001182325 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 061571143 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-86565 FILM NUMBER: 161572171 BUSINESS ADDRESS: STREET 1: 35 Executive Boulevard CITY: Orange STATE: CT ZIP: 06477 BUSINESS PHONE: 203-859-9300 MAIL ADDRESS: STREET 1: 35 Executive Boulevard CITY: Orange STATE: CT ZIP: 06477 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Clearlake Capital Partners IV Finance, L.P. CENTRAL INDEX KEY: 0001659571 IRS NUMBER: 383972882 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O CLEARLAKE CAPITAL GROUP, L.P. STREET 2: 233 WILSHIRE BLVD, SUITE 800 CITY: SANTA MONICA STATE: CA ZIP: 90401 BUSINESS PHONE: 310-400-8800 MAIL ADDRESS: STREET 1: C/O CLEARLAKE CAPITAL GROUP, L.P. STREET 2: 233 WILSHIRE BLVD, SUITE 800 CITY: SANTA MONICA STATE: CA ZIP: 90401 SC 13D/A 1 d182934dsc13da.htm AMENDMENT NO. 5 TO SCHEDULE 13D AMENDMENT NO. 5 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. 5)

 

 

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)

April 13, 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

 

7,492,797

     9.   

Sole dispositive power

 

0

   10.   

Shared dispositive power

 

7,492,797

11.  

Aggregate amount beneficially owned by each reporting person

 

7,492,797

12.  

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

 

13.  

Percent of class represented by amount in Row (11)

 

19.00%

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

 

7,492,797

     9.   

Sole dispositive power

 

0

   10.   

Shared dispositive power

 

7,492,797

11.  

Aggregate amount beneficially owned by each reporting person

 

7,492,797

12.  

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

 

13.  

Percent of class represented by amount in Row (11)

 

19.00%

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

 

7,492,797

     9.   

Sole dispositive power

 

0

   10.   

Shared dispositive power

 

7,492,797

11.  

Aggregate amount beneficially owned by each reporting person

 

7,492,797

12.  

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

 

13.  

Percent of class represented by amount in Row (11)

 

19.00%

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

 

7,492,797

     9.   

Sole dispositive power

 

0

   10.   

Shared dispositive power

 

7,492,797

11.  

Aggregate amount beneficially owned by each reporting person

 

7,492,797

12.  

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

 

13.  

Percent of class represented by amount in Row (11)

 

19.00%

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

 

7,492,797

     9.   

Sole dispositive power

 

0

   10.   

Shared dispositive power

 

7,492,797

11.  

Aggregate amount beneficially owned by each reporting person

 

7,492,797

12.  

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

 

13.  

Percent of class represented by amount in Row (11)

 

19.00%

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

 

7,492,797

     9.   

Sole dispositive power

 

0

   10.   

Shared dispositive power

 

7,492,797

11.  

Aggregate amount beneficially owned by each reporting person

 

7,492,797

12.  

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

 

13.  

Percent of class represented by amount in Row (11)

 

19.00%

14.  

Type of reporting person (see instructions)

 

IN

 

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

 

 

This Amendment No. 5 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, by Amendment No. 2 thereto filed by the Reporting Persons on January 11, 2016, by Amendment No. 3 thereto filed by the Reporting Persons on January 20, 2016, and by Amendment No. 4 thereto filed by the Reporting Persons on March 22, 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 April 13, 2016, the Reporting Persons acquired 7,492,797 shares of common stock of the Issuer (the “Shares”) for approximately $56.9 million 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 7,492,797 Shares, making it the beneficial owner of 19.00% 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 7,492,797 Shares, making it the beneficial owner of 19.00% 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 7,492,797 Shares, making it the beneficial owner of 19.00% 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 7,492,797 Shares, making it the beneficial owner of 19.00% 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 7,492,797 Shares, making him the beneficial owner of 19.00% 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 7,492,797 Shares, making him the beneficial owner of 19.00% 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 Average Purchase Price Per Share

11/06/2015    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
12/01/2015        21,339    $8.5617
12/02/2015        39,461    $8.4506
12/03/2015        58,381    $8.3060
12/04/2015        19,744    $8.2977
12/07/2015        26,625    $8.2582
12/08/2015          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
03/08/2016      120,245    $6.7253
03/09/2016        19,005    $6.9951
03/10/2016          6,408    $7.0000
03/21/2016    1,034,573    $7.6503
04/13/2016    1,202,666    $7.2500

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: April 14, 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