Securities and Exchange Commission
Washington, D.C. 20549
Schedule 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )*
Petco Health and Wellness Company, Inc.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
71601V105
(CUSIP Number)
December 31, 2021
(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 persons 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. 71601V105 | Schedule 13G | Page 1 of 12 |
1 |
Names of Reporting Persons
Scooby Aggregator, LP | |||||
2 | Check the Appropriate Box if a Member of a Group
(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
0 | ||||
6 | Shared Voting Power
183,714,921(1) | |||||
7 | Sole Dispositive Power
0 | |||||
8 | Shared Dispositive Power
183,714,921(1) |
9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
183,714,921(1) | |||||
10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
11 | Percent of Class Represented by Amount in Row (9)
69.5% | |||||
12 | Type of Reporting Person
PN |
(1) | This amount includes 37,790,781 shares of Class B-1 common stock, par value $0.001 per share (Class B-1 common stock), held directly by Scooby Aggregator, LP. Each share of Class B-1 common stock is convertible into one share of Class A common stock (as defined herein) at the option of the holder. As a condition to such conversion, the holder of the shares of Class B-1 common stock to be converted must direct a holder of Class B-2 common stock, par value $0.000001 per share (Class B-2 common stock), to transfer an equal number of shares to the Issuer. |
CUSIP No. 71601V105 | Schedule 13G | Page 2 of 12 |
1 |
Names of Reporting Persons
Scooby Aggregator GP, LLC | |||||
2 | Check the Appropriate Box if a Member of a Group
(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
0 | ||||
6 | Shared Voting Power
183,714,921(1) | |||||
7 | Sole Dispositive Power
0 | |||||
8 | Shared Dispositive Power
183,714,921(1) |
9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
183,714,921(1) | |||||
10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
11 | Percent of Class Represented by Amount in Row (9)
69.5% | |||||
12 | Type of Reporting Person
OO |
(1) | This amount includes 37,790,781 shares of Class B-1 common stock held directly by Scooby Aggregator, LP. Scooby Aggregator GP, LLC is the general partner of Scooby Aggregator, LP. Each share of Class B-1 common stock is convertible into one share of Class A common stock at the option of the holder. As a condition to such conversion, the holder of the shares of Class B-1 common stock to be converted must direct a holder of Class B-2 common stock to transfer an equal number of shares to the Issuer. |
CUSIP No. 71601V105 | Schedule 13G | Page 3 of 12 |
1 |
Names of Reporting Persons
Scooby LP | |||||
2 | Check the Appropriate Box if a Member of a Group
(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
0 | ||||
6 | Shared Voting Power
183,714,921(1) | |||||
7 | Sole Dispositive Power
0 | |||||
8 | Shared Dispositive Power
183,714,921(1) |
9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
183,714,921(1) | |||||
10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
11 | Percent of Class Represented by Amount in Row (9)
69.5% | |||||
12 | Type of Reporting Person
PN |
(1) | This amount includes 37,790,781 shares of Class B-1 common stock held directly by Scooby Aggregator, LP. Scooby LP is the sole member of Scooby Aggregator GP, LLC, a member-managed limited liability company and the general partner of Scooby Aggregator, LP. Each share of Class B-1 common stock is convertible into one share of Class A common stock at the option of the holder. As a condition to such conversion, the holder of the shares of Class B-1 common stock to be converted must direct a holder of Class B-2 common stock to transfer an equal number of shares to the Issuer. |
CUSIP No. 71601V105 | Schedule 13G | Page 4 of 12 |
1 |
Names of Reporting Persons
Scooby GP LLC | |||||
2 | Check the Appropriate Box if a Member of a Group
(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
0 | ||||
6 | Shared Voting Power
183,714,921(1) | |||||
7 | Sole Dispositive Power
0 | |||||
8 | Shared Dispositive Power
183,714,921(1) |
9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
183,714,921(1) | |||||
10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
11 | Percent of Class Represented by Amount in Row (9)
69.5% | |||||
12 | Type of Reporting Person
OO |
(1) | This amount includes 37,790,781 shares of Class B-1 common stock held directly by Scooby Aggregator, LP. The general partner of Scooby Aggregator, LP is Scooby Aggregator GP, LLC, a member-managed limited liability company, whose sole member is Scooby LP. Scooby GP LLC is the general partner of Scooby LP. Each share of Class B-1 common stock is convertible into one share of Class A common stock at the option of the holder. As a condition to such conversion, the holder of the shares of Class B-1 common stock to be converted must direct a holder of Class B-2 common stock to transfer an equal number of shares to the Issuer. |
CUSIP No. 71601V105 | Schedule 13G | Page 5 of 12 |
1 |
Names of Reporting Persons
CVC Pet LP | |||||
2 | Check the Appropriate Box if a Member of a Group
(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
0 | ||||
6 | Shared Voting Power
75,494,759(1) | |||||
7 | Sole Dispositive Power
0 | |||||
8 | Shared Dispositive Power
75,494,759(1) |
9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
75,494,759(1) | |||||
10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
11 | Percent of Class Represented by Amount in Row (9)
31.2% | |||||
12 | Type of Reporting Person
PN |
(1) | This amount includes 15,529,527 of 37,790,781 shares of Class B-1 common stock held directly by Scooby Aggregator, LP, reflecting CVC Pet LPs proportional interest in such securities. The general partner of Scooby Aggregator, LP is Scooby Aggregator GP, LLC, a member-managed limited liability company whose sole member is Scooby LP. The general partner of Scooby LP is Scooby GP LLC, a member-managed limited liability company whose sole members are CVC Pet LP and Canada Pension Plan Investment Board (CPP Investments). Both CVC Pet LP and CPP Investments have material consent rights with respect to the actions of Scooby GP LLC. Each share of Class B-1 common stock is convertible into one share of Class A common stock at the option of the holder. As a condition to such conversion, the holder of the shares of Class B-1 common stock to be converted must direct a holder of Class B-2 common stock to transfer an equal number of shares to the Issuer. |
CUSIP No. 71601V105 | Schedule 13G | Page 6 of 12 |
1 |
Names of Reporting Persons
CVC Scooby Jersey 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 (Channel Islands) |
Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
0 | ||||
6 | Shared Voting Power
75,494,759(1) | |||||
7 | Sole Dispositive Power
0 | |||||
8 | Shared Dispositive Power
75,494,759(1) |
9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
75,494,759(1) | |||||
10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
11 | Percent of Class Represented by Amount in Row (9)
31.2% | |||||
12 | Type of Reporting Person
PN |
(1) | This amount includes 15,529,527 shares of Class B-1 common stock held directly by Scooby Aggregator, LP, reflecting CVC Scooby Jersey GP Limiteds proportional interest in such securities. The general partner of Scooby Aggregator, LP is Scooby Aggregator GP, LLC, a member-managed limited liability company whose sole member is Scooby LP. The general partner of Scooby LP is Scooby GP LLC, a member-managed limited liability company whose sole members are CVC Pet LP and CPP Investments. Both CVC Pet LP and CPP Investments have material consent rights with respect to the actions of Scooby GP LLC. Investment and voting power with regard to shares directly held by CVC Pet LP rests with the board of directors of its general partner, CVC Scooby Jersey GP Limited. Each share of Class B-1 common stock is convertible into one share of Class A common stock at the option of the holder. As a condition to such conversion, the holder of the shares of Class B-1 common stock to be converted must direct a holder of Class B-2 common stock to transfer an equal number of shares to the Issuer. |
CUSIP No. 71601V105 | Schedule 13G | Page 7 of 12 |
1 |
Names of Reporting Persons
CVC Capital Partners VI 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 (Channel Islands) |
Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
0 | ||||
6 | Shared Voting Power
75,494,759(1) | |||||
7 | Sole Dispositive Power
0 | |||||
8 | Shared Dispositive Power
75,494,759(1) |
9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
75,494,759(1) | |||||
10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
11 | Percent of Class Represented by Amount in Row (9)
31.2% | |||||
12 | Type of Reporting Person
PN |
(1) | This amount includes 15,529,527 shares of Class B-1 common stock held directly by Scooby Aggregator, LP, reflecting CVC Capital Partners VI Limiteds proportional interest in such securities. The general partner of Scooby Aggregator, LP is Scooby Aggregator GP, LLC, a member-managed limited liability company whose sole member is Scooby LP. The general partner of Scooby LP is Scooby GP LLC, a member-managed limited liability company whose sole members are CVC Pet LP and CPP Investments. Both CVC Pet LP and CPP Investments have material consent rights with respect to the actions of Scooby GP LLC. Investment and voting power with regard to shares directly held by CVC Pet LP rests with the board of directors of its general partner, CVC Scooby Jersey GP Limited. Certain investment funds managed by CVC Capital Partners VI Limited wholly own CVC Scooby Jersey GP Limited, and investment and voting power with regard to the shares held by such funds rests with the board of directors of CVC Capital Partners VI Limited. Each share of Class B-1 common stock is convertible into one share of Class A common stock at the option of the holder. As a condition to such conversion, the holder of the shares of Class B-1 common stock to be converted must direct a holder of Class B-2 common stock to transfer an equal number of shares to the Issuer. |
CUSIP No. 71601V105 | Schedule 13G | Page 8 of 12 |
ITEM 1. | (a) Name of Issuer: |
Petco Health and Wellness Company, Inc.
(b) Address of Issuers Principal Executive Offices:
10850 Via Frontera, San Diego, CA 92127
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:
Scooby Aggregator, LP;
Scooby Aggregator GP, LLC;
Scooby LP;
Scooby GP LLC;
CVC Pet LP;
CVC Scooby Jersey GP Limited; and
CVC Capital Partners VI Limited.
(b) Address or Principal Business Office:
The address of Scooby Aggregator, LP, Scooby Aggregator GP, LLC, Scooby LP, Scooby GP LLC and CVC Pet LP is c/o CVC Capital Partners, One Maritime Plaza, 16th Floor, 300 Clay Street, San Francisco, CA 94111. The address of CVC Scooby Jersey GP Limited and CVC Capital Partners VI Limited is 27 Esplanade, St Helier, Jersey JE1 1SG, Channel Islands.
(c) Citizenship of each Reporting Person is:
Scooby Aggregator, LP, Scooby Aggregator GP, LLC, Scooby LP, Scooby GP LLC and CVC Pet LP are organized under the laws of the State of Delaware. CVC Scooby Jersey GP Limited and CVC Capital Partners VI Limited are organized under the laws of the Channel Islands.
(d) Title of Class of Securities:
Class A common stock, par value $0.001 per share (Class A common stock).
(e) CUSIP Number:
71601V105
ITEM 3. |
Not applicable.
CUSIP No. 71601V105 | Schedule 13G | Page 9 of 12 |
ITEM 4. Ownership.
(a-c)
The ownership information presented below represents beneficial ownership of Class A common stock of the Issuer as of December 31, 2021, based upon 226,621,760 shares of Class A common stock outstanding as of November 29, 2021.
Reporting Person | Amount beneficially owned |
Percent of |
Sole power to vote or to direct the vote: |
Shared power to vote or to direct the vote: |
Sole of: |
Shared power to dispose or to direct the disposition of: |
||||||||||||||||||
Scooby Aggregator, LP |
183,714,921 | 69.5 | % | 0 | 183,714,921 | 0 | 183,714,921 | |||||||||||||||||
Scooby Aggregator GP, LLC |
183,714,921 | 69.5 | % | 0 | 183,714,921 | 0 | 183,714,921 | |||||||||||||||||
Scooby LP |
183,714,921 | 69.5 | % | 0 | 183,714,921 | 0 | 183,714,921 | |||||||||||||||||
Scooby GP LLC |
183,714,921 | 69.5 | % | 0 | 183,714,921 | 0 | 183,714,921 | |||||||||||||||||
CVC Pet LP |
75,494,759 | 31.2 | % | 0 | 75,494,759 | 0 | 75,494,759 | |||||||||||||||||
CVC Scooby Jersey GP Limited |
75,494,759 | 31.2 | % | 0 | 75,494,759 | 0 | 75,494,759 | |||||||||||||||||
CVC Capital Partners VI Limited |
75,494,759 | 31.2 | % | 0 | 75,494,759 | 0 | 75,494,759 |
Scooby Aggregator, LP is the record holder of the shares of Class A common stock reported herein. The general partner of Scooby Aggregator, LP is Scooby Aggregator GP, LLC, a member-managed limited liability company whose sole member is Scooby LP. The general partner of Scooby LP is Scooby GP LLC, a member-managed limited liability company whose sole members are CVC Pet LP and CPP Investments. Both CVC Pet LP and CPP Investments have material consent rights with respect to the actions of Scooby GP LLC.
The number of shares of Class A common stock set forth herein for CVC Pet LP, CVC Scooby Jersey GP Limited and CVC Capital Partners VI Limited reflect such reporting persons proportional interest in such securities beneficially owned by Scooby LP.
Investment and voting power with regard to shares directly held by CVC Pet LP rests with the board of directors of its general partner, CVC Scooby Jersey GP Limited. Certain investment funds managed by CVC Capital Partners VI Limited wholly own CVC Scooby Jersey GP Limited, and investment and voting power with regard to the shares held by such funds rests with the board of directors of CVC Capital Partners VI Limited, which board consists of Carl Hansen, Victoria Cabot, Fred Watt, and Jon Wrigley, each of whose address is c/o CVC Capital Partners VI Limited, 27 Esplanade, St Helier, Jersey JE1 1SG, Channel Islands. Each of these individuals may be deemed to indirectly share voting and/or investment power over the shares held of record by Scooby Aggregator, LP. The approval of a majority of such directors is required to make any investment or voting decision with regard to any shares beneficially owned by CVC Pet LP, and as such, each such individual disclaims beneficial ownership of such shares.
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.
CUSIP No. 71601V105 | Schedule 13G | Page 10 of 12 |
ITEM 9. Notice of Dissolution of Group.
Not applicable.
ITEM 10. Certification.
Not applicable.
CUSIP No. 71601V105 | Schedule 13G | Page 11 of 12 |
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 10, 2022
Scooby Aggregator, LP | ||
By: | Scooby Aggregator GP, LLC, its general partner | |
By: | /s/ Cameron Breitner | |
Name: Cameron Breitner | ||
Title: Authorized Signatory | ||
Scooby Aggregator GP, LLC | ||
By: | Scooby LP, its sole member | |
By: | /s/ Cameron Breitner | |
Name: Cameron Breitner | ||
Title: Authorized Signatory | ||
Scooby LP | ||
By: | Scooby GP LLC, its general partner | |
By: | /s/ Cameron Breitner | |
Name: Cameron Breitner | ||
Title: Authorized Signatory | ||
Scooby GP LLC | ||
By: | /s/ Cameron Breitner | |
Name: Cameron Breitner | ||
Title: Authorized Signatory | ||
CVC Pet LP | ||
By: | CVC Scooby GP Limited, its general partner | |
By: | /s/ Cameron Breitner | |
Name: Cameron Breitner | ||
Title: Authorized Signatory |
CVC Scooby Jersey GP Limited | ||
By: | /s/ Johanna Karhukorpi | |
Name: Johanna Karhukorpi | ||
Title: Director | ||
CVC Capital Partners VI Limited | ||
By: | /s/ Carl Hansen | |
Name: Carl Hansen | ||
Title: Director |
CUSIP No. 71601V105 |
Schedule 13G | Page 12 of 12 |
LIST OF EXHIBITS
Exhibit No. | Description | |
99 | Joint Filing Agreement. |
Exhibit 99
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that they are jointly filing this statement on Schedule 13G. Each of them is responsible for the timely filing of such statement and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.
IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement as of the 10th day of February, 2022.
Scooby Aggregator, LP | ||
By: | Scooby Aggregator GP, LLC, its general partner | |
By: | /s/ Cameron Breitner | |
Name: Cameron Breitner | ||
Title: Authorized Signatory | ||
Scooby Aggregator GP, LLC | ||
By: Scooby LP, its sole member | ||
By: | /s/ Cameron Breitner | |
Name: Cameron Breitner | ||
Title: Authorized Signatory | ||
Scooby LP | ||
By: |
Scooby GP LLC, its general partner | |
By: |
/s/ Cameron Breitner | |
Name: Cameron Breitner | ||
Title: Authorized Signatory | ||
Scooby GP LLC | ||
By: |
/s/ Cameron Breitner | |
Name: Cameron Breitner | ||
Title: Authorized Signatory | ||
CVC Pet LP | ||
By: | CVC Scooby GP Limited, its general partner | |
By: | /s/ Cameron Breitner | |
Name: Cameron Breitner | ||
Title: Authorized Signatory |
CVC Scooby Jersey GP Limited | ||
By: | /s/ Johanna Karhukorpi | |
Name: Johanna Karhukorpi | ||
Title: Director |
CVC Capital Partners VI Limited | ||
By: |
/s/ Carl Hansen | |
Name: Carl Hansen | ||
Title: Director |