0001193125-20-034904.txt : 20200213 0001193125-20-034904.hdr.sgml : 20200213 20200213120502 ACCESSION NUMBER: 0001193125-20-034904 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200213 DATE AS OF CHANGE: 20200213 GROUP MEMBERS: BRIAN GAINES GROUP MEMBERS: SPRINGHOUSE ASSET MANAGEMENT, LTD. GROUP MEMBERS: SPRINGHOUSE CAPITAL MANAGEMENT G.P., LLC GROUP MEMBERS: SPRINGHOUSE CAPITAL MANAGEMENT, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: G WILLI FOOD INTERNATIONAL LTD CENTRAL INDEX KEY: 0001030997 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-GROCERIES & GENERAL LINE [5141] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-60211 FILM NUMBER: 20608218 BUSINESS ADDRESS: STREET 1: 24 HAMETSUDA ST INDUSTRIAL ZONE CITY: AZUR ISRAEL STATE: L3 ZIP: 58001 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Springhouse Capital (Master), L.P. CENTRAL INDEX KEY: 0001663161 IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 18 BURR FARMS ROAD CITY: WESTPORT STATE: CT ZIP: 06880 BUSINESS PHONE: 212-319-2570 MAIL ADDRESS: STREET 1: 18 BURR FARMS ROAD CITY: WESTPORT STATE: CT ZIP: 06880 SC 13G/A 1 d851862dsc13ga.htm SC 13G/A SC 13G/A

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Schedule 13G

Under the Securities Exchange Act of 1934

(Amendment No. 4)1

 

 

G. WILLI-FOOD INTERNATIONAL LTD.

(Name of Issuer)

Ordinary Shares, NIS 0.10 nominal value per share

(Title of Class of Securities)

M52523103

(CUSIP Number)

December 31, 2019

(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)

 

 

1 

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 page(s))

 

- Page 1 of 10 Pages -


CUSIP No. M52523103

 

  1.  

 

  Names of Reporting Persons.

 

  Brian Gaines

  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

 

  United States     

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With:

    5.     

  Sole Voting Power:

 

  168,550     

  6.     

  Shared Voting Power:

 

  951,522     

  7.     

  Sole Dispositive Power:

 

  168,550     

  8.     

  Shared Dispositive Power:

 

  951,522     

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  1,120,072     

10.    

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

 

  ☐

11.    

  Percent of Class Represented by Amount in Row (9)

 

  8.5%     

12.    

  Type of Reporting Person (See Instructions)

 

  IN

 

- Page 2 of 10 Pages -


CUSIP No. M52523103

 

  1.  

 

  Names of Reporting Persons

 

  Springhouse Capital (Master), L.P.

  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  

Owned by

Each

Reporting

Person

With:

    5.     

  Sole Voting Power:

 

  6.     

  Shared Voting Power:

 

  951,522

  7.     

  Sole Dispositive Power:

 

  8.     

  Shared Dispositive Power:

 

  951,522     

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  951,522

10.    

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

 

  ☐

11.    

  Percent of Class Represented by Amount in Row (9)

 

  7.2%     

12.    

  Type of Reporting Person (See Instructions)

 

  PN

 

- Page 3 of 10 Pages -


CUSIP No. M52523103

 

  1.  

 

  Names of Reporting Persons

 

  Springhouse Asset Management, 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

 

  Cayman Islands

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With:

    5.     

  Sole Voting Power:

 

  6.     

  Shared Voting Power:

 

  951,522

  7.     

  Sole Dispositive Power:

 

  8.     

  Shared Dispositive Power:

 

  951,522     

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  951,522

10.    

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

 

  ☐

11.    

  Percent of Class Represented by Amount in Row (9)

 

  7.2%     

12.    

  Type of Reporting Person (See Instructions)

 

  CO

 

- Page 4 of 10 Pages -


CUSIP No. M52523103

 

  1.  

 

  Names of Reporting Persons

 

  Springhouse Capital Management, L.P.

  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

 

  Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With:

    5.     

  Sole Voting Power:

 

  6.     

  Shared Voting Power:

 

  951,522

  7.     

  Sole Dispositive Power:

 

  8.     

  Shared Dispositive Power:

 

  951,522     

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  951,522

10.    

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

 

  ☐

11.    

  Percent of Class Represented by Amount in Row (9)

 

  7.2%     

12.    

  Type of Reporting Person (See Instructions)

 

  PN

 

- Page 5 of 10 Pages -


CUSIP No. M52523103

 

  1.  

 

  Names of Reporting Persons

 

  Springhouse Capital Management G.P., LLC

  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

 

  Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With:

    5.     

  Sole Voting Power:

 

  6.     

  Shared Voting Power:

 

  951,522

  7.     

  Sole Dispositive Power:

 

  8.     

  Shared Dispositive Power:

 

  951,522     

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  951,522

10.    

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

 

  ☐

11.    

  Percent of Class Represented by Amount in Row (9)

 

  7.2%     

12.    

  Type of Reporting Person (See Instructions)

 

  OO

 

- Page 6 of 10 Pages -


Item 1(a). Name of Issuer:

G. Willi-Food International Ltd.

Item 1(b). Address of Issuer’s Principal Executive Offices:

4 Nahal Harif St., Yavne, Israel 81106

Item 2(a). Name(s) of Person(s) Filing:

 

  1.

Springhouse Capital (Master), L.P. (the “Fund”)

 

  2.

Springhouse Asset Management, Ltd. (the “General Partner”)

 

  3.

Springhouse Capital Management, L.P. (“Management”)

 

  4.

Springhouse Capital Management G.P., LLC (“Springhouse”)

 

  5.

Brian Gaines

The Fund, the General Partner, Management, Springhouse and Mr. Gaines are collectively referred to as the “Reporting Persons.”

Item 2(b). Address of Principal Business Office or, if None, Residence:

18 Burr Farms Road, Westport, Connecticut 06880                

Item 2(c). Citizenship:

The Fund is a Cayman Islands exempted limited partnership. The General Partner is a Cayman Islands exempted company. Management is a Delaware limited partnership. Springhouse is a Delaware limited liability company. Mr. Gaines is a citizen of the United States.

Item 2(d). Title of Class of Securities:

Ordinary shares, NIS 0.10 par value per share

Item 2(e). CUSIP Number:

M52523103

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

  (a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

 

  (b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

 

  (c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

  (d)

Investment company registered under section 8 of the Investment Company Act, (15 U.S.C. 80a-8);

 

  (e)

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

  (f)

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

- Page 7 of 10 Pages -


  (g)

A parent holding company or control person in accordance with §240.13d (b)(1)(ii)(G);

 

  (h)

A savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

  (i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

  (j)

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Not applicable

Item 4. Ownership:

 

  (a)

Amount beneficially owned:

The Fund directly beneficially owns 951,522 shares.

The General Partner is the general partner of the Fund and, as a result, may be deemed to beneficially own shares owned by the Fund.

Management is the investment manager of the Fund and, as a result, may be deemed to beneficially own shares owned by the Fund.

Springhouse is the general partner of Management and, as a result, may be deemed to beneficially own shares owned by the Fund.

Mr. Gaines owns 128,959 shares for his own account and may be deemed to beneficially own an additional 39,951 shares held by immediate family members in accounts Mr. Gaines controls.

Mr. Gaines serves as managing member of Springhouse and as a director of the General Partner and, as a result, may be deemed to beneficially own shares owned by the Fund.

 

  (b)

Percent of class:

The Fund, the General Partner, Management and Springhouse may be deemed to beneficially own 7.2% of the Issuer’s outstanding ordinary shares, based on 13,217,017 shares outstanding as of September 30, 2019, according to the Issuer’s report on Form 6-K filed on November 11, 2019.

Mr. Gaines may be deemed to beneficially own 8.5% of the Issuer’s outstanding ordinary shares, based on 13,217,017 shares outstanding as of September 30, 2019, according to the Issuer’s report on Form 6-K filed on November 11, 2019.

 

  (c)

Number of shares as to which the person has:

 

  (i)

Sole power to vote or to direct the vote: Mr. Gaines may be deemed to have the sole power to vote or direct the vote of 168,550 shares.

 

- Page 8 of 10 Pages -


  (ii)

Shared power to vote or to direct the vote: Each of the Reporting Persons may be deemed to have the shared power to vote or direct the vote of 951,522 shares.

 

  (iii)

Sole power to dispose or direct the disposition: Mr. Gaines may be deemed to have the sole power to dispose or direct the disposition of 168,550 shares.

 

  (iv)

Shared power to dispose or direct the disposition: Each of the Reporting Persons may be deemed to have the shared power to dispose or direct the disposition of 951,522 shares.

Item 5. Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. __

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.

 

- Page 9 of 10 Pages -


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.

 

February 13, 2020

(Date)

/s/ Brian Gaines

(Signature)

Brian Gaines, individually, and as managing member of Springhouse Capital Management G.P., LLC, the general partner of Springhouse Capital Management, L.P., and as a director of Springhouse Asset Management, Ltd., the general partner of Springhouse Capital (Master), L.P.

 

- Page 10 of 10 Pages -