Sec Form 13D Filing - BPEA Teamsport Ltd filing for eHi Car Services LtdeHi Car Services Ltd - 2019-04-11

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

UNDER THE SECURITIES EXCHANGE ACT OF 1934*

(Amendment No. 4)

 

 

eHi Car Services Limited

(Name of Issuer)

Class A Common Shares, par value $0.001 per share**

American Depositary Shares, each representing two Class A Common Shares

(Title of Class of Securities)

26853A100***

(CUSIP Number)

BPEA Teamsport Limited

P.O. Box 31119

Grand Pavilion

Hibiscus Way

802 West Bay Road

Grand Cayman, KY1-1205

Cayman Islands

(Facsimile) +65 6593 3711

with copies to:

Patrick Cordes

Baring Private Equity Asia Limited

3801 Two International Finance Centre

8 Finance Street

Central, Hong Kong

(Facsimile) +852 2843 9372

Tim Gardner

William Welty

Weil, Gotshal & Manges LLP

29/F, Alexandra House

18 Chater Road, Central

Hong Kong

+852 3476 9000

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

April 9, 2019

(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: ☐

 

 

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

**

Not for trading, but only in connection with the listing on The New York Stock Exchange of American Depositary Shares, each representing two Class A Common Shares.

***

CUSIP number of the American Depositary Shares, each representing two Class A Common Shares.

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).

 

 

 


SCHEDULE 13D

CUSIP No. 26853A100

 

  1    

NAME OF REPORTING PERSON

 

The Baring Asia Private Equity Fund VI, L.P.1

  2    

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3    

SEC USE ONLY

 

  4    

SOURCE OF FUNDS

 

WC

  5    

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  6    

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

SOLE VOTING POWER

 

0

     8     

SHARED VOTING POWER

 

0

     9     

SOLE DISPOSITIVE POWER

 

0

   10     

SHARED DISPOSITIVE POWER

 

0

11    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

12    

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

13    

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%

14    

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

2


SCHEDULE 13D

CUSIP No. 26853A100

 

  1    

NAME OF REPORTING PERSON

 

The Baring Asia Private Equity Fund VI, L.P.2

  2    

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3    

SEC USE ONLY

 

  4    

SOURCE OF FUNDS

 

WC

  5    

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  6    

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

SOLE VOTING POWER

 

0

     8     

SHARED VOTING POWER

 

0

     9     

SOLE DISPOSITIVE POWER

 

0

   10     

SHARED DISPOSITIVE POWER

 

0

11    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

12    

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

13    

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%

14    

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

3


SCHEDULE 13D

CUSIP No. 26853A100

 

  1    

NAME OF REPORTING PERSON

 

The Baring Asia Private Equity Fund VI Co-Investment L.P.

  2    

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3    

SEC USE ONLY

 

  4    

SOURCE OF FUNDS

 

WC

  5    

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  6    

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

SOLE VOTING POWER

 

0

     8     

SHARED VOTING POWER

 

0

     9     

SOLE DISPOSITIVE POWER

 

0

   10     

SHARED DISPOSITIVE POWER

 

0

11    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

12    

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

13    

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%

14    

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

4


SCHEDULE 13D

CUSIP No. 26853A100

 

  1    

NAME OF REPORTING PERSON

 

Baring Private Equity Asia GP VI, L.P.

  2    

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3    

SEC USE ONLY

 

  4    

SOURCE OF FUNDS

 

OO

  5    

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  6    

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

SOLE VOTING POWER

 

0

     8     

SHARED VOTING POWER

 

0

     9     

SOLE DISPOSITIVE POWER

 

0

   10     

SHARED DISPOSITIVE POWER

 

0

11    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

12    

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

13    

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%

14    

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

5


SCHEDULE 13D

CUSIP No. 26853A100

 

  1    

NAME OF REPORTING PERSON

 

Baring Private Equity Asia GP VI Limited

  2    

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3    

SEC USE ONLY

 

  4    

SOURCE OF FUNDS

 

OO

  5    

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  6    

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

SOLE VOTING POWER

 

0

     8     

SHARED VOTING POWER

 

0

     9     

SOLE DISPOSITIVE POWER

 

0

   10     

SHARED DISPOSITIVE POWER

 

0

11    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

12    

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

13    

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%

14    

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

CO

 

6


SCHEDULE 13D

CUSIP No. 26853A100

 

  1    

NAME OF REPORTING PERSON

 

BPEA Teamsport Limited

  2    

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3    

SEC USE ONLY

 

  4   ;  

SOURCE OF FUNDS

 

OO

  5    

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  6    

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

SOLE VOTING POWER

 

0

     8     

SHARED VOTING POWER

 

0

     9     

SOLE DISPOSITIVE POWER

 

0

   10     

SHARED DISPOSITIVE POWER

 

0

11    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

12    

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

13    

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%

14    

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

CO

 

7


SCHEDULE 13D

CUSIP No. 26853A100

 

  1    

NAME OF REPORTING PERSON

 

BPEA Teamsport Holdings Limited

  2    

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3    

SEC USE ONLY

 

  4    

SOURCE OF FUNDS

 

OO

  5    

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  6    

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

SOLE VOTING POWER

 

0

     8     

SHARED VOTING POWER

 

0

     9     

SOLE DISPOSITIVE POWER

 

0

   10     

SHARED DISPOSITIVE POWER

 

0

11    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

12    

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

13    

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%

14    

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

CO

 

8


SCHEDULE 13D

CUSIP No. 26853A100

 

  1    

NAME OF REPORTING PERSON

 

Jean Eric Salata

  2    

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

 

  3    

SEC USE ONLY

 

  4    

SOURCE OF FUNDS

 

OO

  5    

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  6    

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Chile

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

SOLE VOTING POWER

 

0

     8     

SHARED VOTING POWER

 

0

     9     

SOLE DISPOSITIVE POWER

 

0

   10     

SHARED DISPOSITIVE POWER

 

0

11    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

12    

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

13    

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%

14    

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IN

 

9


This Amendment No. 4 (this “Amendment”) is filed to amend and supplement the Statement on Schedule 13D filed by the Reporting Persons named therein with the Securities and Exchange Commission (the “SEC”) on March 5, 2018 (the “Original Schedule”), which Original Schedule was subsequently amended (the Original Schedule as amended by Amendment No. 1, Amendment No. 2 and Amendment No. 3, the “Schedule 13D”), with respect to eHi Car Services Limited (the “Issuer”). Except as specifically amended and supplemented by this Amendment, the Schedule 13D remains in full force and effect. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.

Item 4. Purpose of Transaction

Item 4 of the Schedule 13D is hereby supplemented by adding the following:

On April 9, 2019, the Issuer and Merger Sub filed a plan of merger with the Cayman Islands Registrar of Companies, pursuant to which the Merger became effective on the same date. As a result of the Merger, the Issuer became a wholly-owned subsidiary of Parent.

At the effective time of the Merger, each ADS held by the Reporting Persons was cancelled in exchange for the right to receive US$12.25 per ADS (net of the cancellation fee of US$0.05 per ADS).

As a result of the Merger, the Reporting Persons do not beneficially own any Common Shares or have any voting power or dispositive power over any Common Shares.

Item 5. Interest in Securities of the Issuer

Item 5 of the Schedule 13D is hereby amended and restated as follows:

(a) – (b) As a result of the Merger, as described in Item 4 of this Amendment, the Reporting Persons do not beneficially own any Common Shares or have any voting power or dispositive power over any Common Shares.

(c) Except as set forth in Item 4 of this Amendment, none of the Reporting Persons has effected any transactions in the Common Shares during the past 60 days.

(d) Not applicable.

(e) April 9, 2019.

 

10


SIGNATURES

After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned, severally and not jointly, certifies that the information set forth in this statement is true, complete and correct.

Dated: April 11, 2019

 

BPEA Teamsport Limited
By:  

/s/ Kirti Ram Hariharan

Name:   Kirti Ram Hariharan
Title:   Director
BPEA Teamsport Holdings Limited
By:  

/s/ Kirti Ram Hariharan

Name:   Kirti Ram Hariharan
Title:   Director
The Baring Asia Private Equity Fund VI, L.P.1
By: Baring Private Equity Asia GP VI, L.P. acting as its general partner
By: Baring Private Equity Asia GP VI Limited acting as its general partner
By:  

/s/ Tek Yok Hua

Name:   Tek Yok Hua
Title:   Director
The Baring Asia Private Equity Fund VI, L.P.2
By: Baring Private Equity Asia GP VI, L.P. acting as its general partner
By: Baring Private Equity Asia GP VI Limited acting as its general partner
By:  

/s/ Tek Yok Hua

Name:   Tek Yok Hua
Title:   Director
The Baring Asia Private Equity Fund VI Co-Investment L.P.
By: Baring Private Equity Asia GP VI, L.P. acting as its general partner
By: Baring Private Equity Asia GP VI Limited acting as its general partner
By:  

/s/ Tek Yok Hua

Name:   Tek Yok Hua
Title:   Director

 

11


Baring Private Equity Asia GP VI, L.P.
By: Baring Private Equity Asia GP VI Limited acting as its general partner
By:  

/s/ Tek Yok Hua

Name:   Tek Yok Hua
Title:   Director
Baring Private Equity Asia GP VI Limited
By:  

/s/ Tek Yok Hua

Name:   Tek Yok Hua
Title:   Director

/s/ Jean Eric Salata

Jean Eric Salata

 

12