SC 13D 1 a06-25577_1sc13d.htm BENEFICIAL OWNERSHIP OF 5% OR MORE

 

 

UNITED STATES

 

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

 

SCHEDULE 13D

 


Under the Securities Exchange Act of 1934

(Amendment No.     )*

TERREMARK WORLDWIDE INC.

(Name of Issuer)

 

Common Stock, $0.001 par value

(Title of Class of Securities)

 

881448203

(CUSIP Number)

 

Gaylord Macnack

Flevolaan 41A

1411 KC NAARDEN

P.O. Box 5081

1410 AB NAARDEN

The Netherlands

+31 35 695 9000

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

Copy to:

 

Erik Morris, Esq.

Sarika Doshi, Esq.

Herbert Smith LLP

Exchange House

Primrose Street

London EC2A 2HS

United Kingdom

+44 207 466 2450

 

4 December 2006

(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §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.   881448203

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Stichting Administratiekantoor Talpa Beheer

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
Not applicable

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
The Netherlands

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
2,350,978 (1)

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
2,350,978  (1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,350,978

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
5.37% (2)

 

 

14.

Type of Reporting Person (See Instructions)
OO

 


(1) The Reporting Persons own 2,350,978 shares of common stock of Terremark Worldwide Inc.  

 

(2) The calculation of the foregoing percentage is based on 43,779,360 shares of common stock of Terremark Worldwide Inc. outstanding as of 31 October 2006, as reported on the issuer’s quarterly report on Form 10-Q for the period ended 30 September 2006 filed with the Securities and Exchange Commission on 9 November 2006.

2




 

CUSIP No.   881448203

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Talpa Beheer BV

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
Not applicable

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
The Netherlands

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
2,350,978 (1)

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
2,350,978  (1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,350,978

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
5.37% (2)

 

 

14.

Type of Reporting Person (See Instructions)
CO

 


(1) The Reporting Persons own 2,350,978 shares of common stock of Terremark Worldwide Inc.  

 

(2) The calculation of the foregoing percentage is based on 43,779,360 shares of common stock of Terremark Worldwide Inc. outstanding as of 31 October 2006, as reported on the issuer’s quarterly report on Form 10-Q for the period ended 30 September 2006 filed with the Securities and Exchange Commission on 9 November 2006.

 

3




 

CUSIP No.   881448203

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Talpa Capital Holding BV

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
Not applicable

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
The Netherlands

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
2,350,978 (1)

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
2,350,978  (1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,350,978

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
5.37% (2)

 

 

14.

Type of Reporting Person (See Instructions)
CO

 


(1) The Reporting Persons own 2,350,978 shares of common stock of Terremark Worldwide Inc.  

 

(2) The calculation of the foregoing percentage is based on 43,779,360 shares of common stock of Terremark Worldwide Inc. outstanding as of 31 October 2006, as reported on the issuer’s quarterly report on Form 10-Q for the period ended 30 September 2006 filed with the Securities and Exchange Commission on 9 November 2006.

 

4




 

CUSIP No.   881448203

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Cyrte Investments BV

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
Not applicable

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
The Netherlands

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
2,350,978 (1)

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
2,350,978  (1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,350,978

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
5.37% (2)

 

 

14.

Type of Reporting Person (See Instructions)
CO

 


(1) The Reporting Persons own 2,350,978 shares of common stock of Terremark Worldwide Inc.  

 

(2) The calculation of the foregoing percentage is based on 43,779,360 shares of common stock of Terremark Worldwide Inc. outstanding as of 31 October 2006, as reported on the issuer’s quarterly report on Form 10-Q for the period ended 30 September 2006 filed with the Securities and Exchange Commission on 9 November 2006.

 

5




 

CUSIP No.   881448203

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Cyrte Investments GP I BV

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
Not applicable

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
The Netherlands

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
2,350,978 (1)

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
2,350,978  (1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,350,978

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
5.37% (2)

 

 

14.

Type of Reporting Person (See Instructions)
CO

 


(1) The Reporting Persons own 2,350,978 shares of common stock of Terremark Worldwide Inc.  

 

(2) The calculation of the foregoing percentage is based on 43,779,360 shares of common stock of Terremark Worldwide Inc. outstanding as of 31 October 2006, as reported on the issuer’s quarterly report on Form 10-Q for the period ended 30 September 2006 filed with the Securities and Exchange Commission on 9 November 2006.

 

6




 

CUSIP No.   881448203

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Cyrte Fund I CV

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
AF/WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
The Netherlands

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
2,350,978 (1)

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
2,350,978  (1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,350,978

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
5.37% (2)

 

 

14.

Type of Reporting Person (See Instructions)
CO

 


(1) The Reporting Persons own 2,350,978 shares of common stock of Terremark Worldwide Inc.  

 

(2) The calculation of the foregoing percentage is based on 43,779,360 shares of common stock of Terremark Worldwide Inc. outstanding as of 31 October 2006, as reported on the issuer’s quarterly report on Form 10-Q for the period ended 30 September 2006 filed with the Securities and Exchange Commission on 9 November 2006.

 

7




 

CUSIP No.   881448203

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Johannes Hendrikus Hubert de Mol

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
Not applicable

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
The Netherlands

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
2,350,978 (1)

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
2,350,978  (1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,350,978

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
5.37% (2)

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


(1) The Reporting Persons own 2,350,978 shares of common stock of Terremark Worldwide Inc.  

 

(2) The calculation of the foregoing percentage is based on 43,779,360 shares of common stock of Terremark Worldwide Inc. outstanding as of 31 October 2006, as reported on the issuer’s quarterly report on Form 10-Q for the period ended 30 September 2006 filed with the Securities and Exchange Commission on 9 November 2006.

 

8




 

Item 1.

Security and Issuer

This Statement on Schedule 13D (this “Statement” or this “Schedule 13D”) relates to 2,350,978 shares of common stock, par value $0.001 per share (the “Shares”) of Terremark Worldwide Inc. (the “Company”).

The Company’s principal offices are located at 2601 S. Bayshore Drive, Miami, Florida 33133.

 

 

Item 2.

Identity and Background

(a) This Schedule 13D is being filed jointly by Stichting Administratiekantoor Talpa Beheer (“Stichting”), Talpa Beheer BV (“Talpa”), Talpa Capital Holding BV (“Talpa Capital Holding”), Cyrte Investments BV (“Cyrte Investments”), Cyrte Investments GP I BV (“Cyrte Investments GP”), Cyrte Fund I CV (“Cyrte Fund”), and Mr. Johannes Hendrikus Hubert de Mol (“JDM” and, together with Stichting, Talpa, Talpa Capital Holding, Cyrte Investments, Cyrte Investments GP, and Cyrte Fund, the “Reporting Persons”).  Stichting owns all of the outstanding capital stock of Talpa.  Talpa has a 55% ownership interest in Talpa Capital Holding and is a limited partner of Cyrte Fund.  Talpa Capital Holding has a 75% ownership interest in Cyrte Investments, a majority owned subsidiary of Talpa, manager of the investment portfolio held by Talpa and owner of all of the outstanding capital stock of Cyrte Investments GP.  Cyrte Investments GP is the general partner of Cyrte Fund; and JDM is the sole director of Talpa.

(b) The business address of Stichting, Talpa and JDM is Burgemeester A. Colijnweg 2, 1182 AL Amstelveen, The Netherlands. The business address of Talpa Capital Holding, Cyrte Investments, Cyrte Investments GP and Cyrte Fund is Flevolaan 41A, 411 KC Naarden, P.O. Box 5081, 1401 AB Naarden, The Netherlands. 

(c) Stichting owns all of the outstanding capital stock of Talpa.  The principal business of Talpa and Cyrte Investments is investment management.  One of the principal businesses of JDM and Stichting is to direct the activities of Talpa and other media-related interests including Talpa Media Holding BV (“Talpa Media”), a direct and wholly-owned subsidiary of Talpa.  The principal business of Talpa Media is the conduct of media activities including television and radio production in The Netherlands and the principal business address of Talpa Media is Zevenend 45-4, 1251 RL Laren, The Netherlands. Talpa Capital Holding is a holding company and solely holds shares in Cyrte Investments.  Cyrte Investments GP’s principal business is to act as the general partner of Cyrte Fund.  Cyrte Fund is an investment fund which invests in listed and non-listed equity securities in the technology, media and telecommunication sectors. 

(d) JDM has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors).

(e) JDM has not not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f) JDM is a citizen of The Netherlands.

 

 

Item 3.

Source and Amount of Funds or Other Consideration

Cyrte Fund obtained the funds to purchase the Shares from capital contributions made to its working capital by its limited partners.  The total amount of funds used for the acquisition of the Shares retained by the Reporting Persons was $11,777,229.

 

9




 

Item 4.

Purpose of Transaction

The Reporting Persons are acquiring the Shares of the Company for investment purposes.  The Reporting Persons intend to assess their investment in the Company from time to time on the basis of various factors, including, without limitation, the Company’s business, financial condition, results of operations and prospects, general economic, market and industry conditions, as well as other developments and other investment opportunities.  Depending upon the foregoing factors or any other factors deemed relevant to the Reporting Persons, they may acquire additional shares in the Company, or dispose of all or part of the shares of the Company, in open market transactions, privately negotiated transactions or otherwise. Any acquisition or disposition may be effected by the Reporting Persons at any time without prior notice.  The Reporting Persons may engage in communications from time to time with one or more stockholders, officers or directors of the Company regarding the Company’s operating performance, strategic direction or other matters that could result in or relate to, among other things, any of the matters set forth in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

Except as described in this Schedule 13D, none of the Reporting Persons has any present plan or proposal that relates to, or could result in, any of the events referred to in paragraphs (a) through (j), inclusive, of Item 4 of Schedule 13D. The Reporting Persons will, however, continue to review the business of the Company and, depending upon one or more of the factors referred to above, may in the future propose that the Company take one or more such actions.

 

 

Item 5.

Interest in Securities of the Issuer

(a) and (b) According to the Company’s quarterly report on Form 10-Q for the period ended 30 September 2006 filed with the Securities and Exchange Commission on 9 November 2006, there were 43,779,360 Shares outstanding as of 31 October 2006.  Cyrte Investments GP directly owns 2,350,978 common shares of the Company, representing 5.37% of the Company’s outstanding common shares.  Each of Stichting, Talpa, Talpa Capital Holding, Cyrte Investments, Cyrte Fund, and JDM do not directly own any shares of the Company’s common shares.  However each of Stichting, Talpa, Talpa Capital Holding, Cyrte Investments, Cyrte Fund, and JDM may be deemed to be beneficial owners, as well as share the power to vote and dispose, of the Company’s common shares directly owned by Cyrte Investments GP by virtue of the fact that: Stichting owns all of the outstanding capital stock of Talpa;  JDM is the sole director of Talpa, an entity which has a 55% ownership interest in Talpa Capital Holding and is a limited partner of Cyrte Fund; Talpa Capital Holding has a 75% ownership interest in Cyrte Investments;  Cyrte Investments is the manager of the investment portfolio held by Talpa and owns all of the outstanding capital stock of Cyrte Investments GP; and Cyrte Investments GP is the general partner of Cyrte Fund. 

(c) During the past 60 days, Cyrte Investments GP has acquired shares in the Company in the transactions described in Schedule I attached hereto, which is incorporated herein by reference.

(d) F.J. Botman Holding BV, as a minority shareholder of Talpa Capital Holding, and NIBC Investments Management NV, as a minority shareholder of Cyrte Investments, will have the right to receive dividends from, or proceeds from the sale of, the Company’s common shares owned by the Reporting Persons. 

(e) Not applicable.

Except for the transactions described in this Schedule 13D, none of the Reporting Persons has effected any transactions in the securities of the Company during the past 60 days.

 

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

To the best knowledge of the Reporting Persons, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 and between such persons and any person with respect to any of the securities of the Company, including, but not limited to, transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.

 

 

Item 7.

Material to Be Filed as Exhibits

Exhibit 1 – Joint Filing Agreement – Provided herewith

 

10




 

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

December 12, 2006

Signature

/s/ Gaylord Macnack

Stichting Administratiekantoor Talpa Beheer

 

Date

December 12, 2006

Signature

/s/ Gaylord Macnack

Talpa Beheer BV

 

Date

December 12, 2006

Signature

/s/ Gaylord Macnack

Talpa Capital Holding BV

 

Date

December 12, 2006

Signature

/s/ Gaylord Macnack

Cyrte Investments BV

 

Date

December 12, 2006

Signature

/s/ Gaylord Macnack

Cyrte Investments GP I BV

 

Date

December 12, 2006

Signature

/s/ Gaylord Macnack

 

Cyrte Fund I CV

/s/ Gaylord Macnack

Date

December 12, 2006

Signature

/s/ Gaylord Macnack

Johannes Hendrikus Hubert de Mol

 

11




SCHEDULE I

TRANSACTIONS EFFECTED DURING THE PAST 60 DAYS

All the Shares of the Company acquired as described in the table below were acquired by Cyrte Investments GP.

Trade Date

 

Shares Acquired

 

Shares Price (USD)

 

November 02, 2006

 

20,000

 

5.0726

 

November 03, 2006

 

12,300

 

4.9099

 

November 06, 2006

 

7,700

 

4.9427

 

November 07, 2006

 

500

 

5.0000

 

November 08, 2006

 

1,000

 

5.0000

 

November 10, 2006

 

44,300

 

5.2974

 

November 13, 2006

 

58,800

 

5.5058

 

November 21, 2006

 

20,000

 

5.6218

 

November 22, 2006

 

12,200

 

5.7538

 

November 24, 2006

 

7,200

 

5.8074

 

November 27, 2006

 

13,000

 

5.6147

 

November 28, 2006

 

13,700

 

5.5346

 

November 30, 2006

 

200,000

 

5.6718

 

December 04, 2006

 

426,600

 

6.0897

 

 

12