Sec Form 13G Filing - ADVENT INTERNATIONAL L.P. filing for CI&T IncCI&T Inc - 2022-02-14

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.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 


SCHEDULE 13G
 
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. __)*
 

  
CI&T Inc
 (Name of Issuer)
 

 
Class A common shares, US$0.00005 par value per share
(Title of Class of Securities)
 
G21307106
(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 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 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. G21307106
SCHEDULE 13G
Page 2 of 10 Pages
1
NAMES OF REPORTING PERSONS
 
 
Advent International Corporation
 
 
 
 
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
 
 
49,081,192 (1)
 
 
 
 
6
SHARED VOTING POWER
 
 
0
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
49,081,192 (1)
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
0
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
49,081,192 (1)
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
76.6% (1)
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
CO
 
 
 
 

(1)
Represents Class B common shares. The percent of class was calculated based on (i) 15,000,000 Class A common shares outstanding, as disclosed in the Issuer’s Form 424(b)(1) prospectus filed with the Securities and Exchange Commission on November 12, 2021, plus (ii) the Class B common shares that may be deemed to be beneficially owned by the reporting person as of December 31, 2021, which are treated as converted into Class A common shares only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


CUSIP No. G21307106
SCHEDULE 13G
Page 3 of 10 Pages
1
NAMES OF REPORTING PERSONS
 
 
Advent International LAPEF VI, 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
 
 
49,081,192 (1)
 
 
 
 
6
SHARED VOTING POWER
 
 
0
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
49,081,192 (1)
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
0
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
49,081,192 (1)
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
76.6% (1)
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 

(1)
Represents Class B common shares. The percent of class was calculated based on (i) 15,000,000 Class A common shares outstanding, as disclosed in the Issuer’s Form 424(b)(1) prospectus filed with the Securities and Exchange Commission on November 12, 2021, plus (ii) the Class B common shares that may be deemed to be beneficially owned by the reporting person as of December 31, 2021, which are treated as converted into Class A common shares only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


CUSIP No. G21307106
SCHEDULE 13G
Page 4 of 10 Pages
1
NAMES OF REPORTING PERSONS
 
 
LAPEF VI GP Limited Partnership 
 
 
 
 
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
 
 
49,081,192 (1)
 
 
 
 
6
SHARED VOTING POWER
 
 
0
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
49,081,192 (1)
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
0
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
49,081,192 (1)
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
76.6% (1)
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
PN
 
 
 
 

(1)
Represents Class B common shares. The percent of class was calculated based on (i) 15,000,000 Class A common shares outstanding, as disclosed in the Issuer’s Form 424(b)(1) prospectus filed with the Securities and Exchange Commission on November 12, 2021, plus (ii) the Class B common shares that may be deemed to be beneficially owned by the reporting person as of December 31, 2021, which are treated as converted into Class A common shares only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


CUSIP No. G21307106
SCHEDULE 13G
Page 5 of 10 Pages
1
NAMES OF REPORTING PERSONS
 
 
AI Calypso Brown 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
 
 
16,360,398 (1)
 
 
 
 
6
SHARED VOTING POWER
 
 
0
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
16,360,398 (1)
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
0
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
16,360,398 (1)
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
52.2% (1)
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 
 
(1)
Represents Class B common shares. The percent of class was calculated based on (i) 15,000,000 Class A common shares outstanding, as disclosed in the Issuer’s Form 424(b)(1) prospectus filed with the Securities and Exchange Commission on November 12, 2021, plus (ii) the Class B common shares that may be deemed to be beneficially owned by the reporting person as of December 31, 2021, which are treated as converted into Class A common shares only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


CUSIP No. G21307106
SCHEDULE 13G
Page 6 of 10 Pages
1
NAMES OF REPORTING PERSONS
 
 
AI Iapetus Grey 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
 
 
16,360,397 (1)
 
 
 
 
6
SHARED VOTING POWER
 
 
0
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
16,360,397 (1)
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
0
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
16,360,397 (1)
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
52.2% (1)
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 
 
(1)
Represents Class B common shares. The percent of class was calculated based on (i) 15,000,000 Class A common shares outstanding, as disclosed in the Issuer’s Form 424(b)(1) prospectus filed with the Securities and Exchange Commission on November 12, 2021, plus (ii) the Class B common shares that may be deemed to be beneficially owned by the reporting person as of December 31, 2021, which are treated as converted into Class A common shares only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


CUSIP No. G21307106
SCHEDULE 13G
Page 7 of 10 Pages
1
NAMES OF REPORTING PERSONS
 
 
AI Titan Black 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
 
 
16,360,397 (1)
 
 
 
 
6
SHARED VOTING POWER
 
 
0
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
16,360,397 (1)
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
0
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
16,360,397 (1)
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
52.2% (1)
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 
 
(1)
Represents Class B common shares. The percent of class was calculated based on (i) 15,000,000 Class A common shares outstanding, as disclosed in the Issuer’s Form 424(b)(1) prospectus filed with the Securities and Exchange Commission on November 12, 2021, plus (ii) the Class B common shares that may be deemed to be beneficially owned by the reporting person as of December 31, 2021, which are treated as converted into Class A common shares only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


CUSIP No. G21307106
SCHEDULE 13G
Page 8 of 10 Pages
Item 1.
Issuer

 
(a)
Name of Issuer:

CI&T Inc (the “Issuer”)

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

R. Dr. Ricardo Benetton Martins, 1.000, Pólis de Tecnologia — Prédio 23B, Zip Code 13086-902, Campinas — São Paulo State — Brazil

Item 2.
Filing Person

 
(a) – (c)
Name of Persons Filing; Address; Citizenship:

  (i)
Advent International Corporation, a Delaware corporation;
  (ii)
Advent International LAPEF VI, LLC, a Delaware limited liability company;
  (iii)
LAPEF VI GP Limited Partnership, a Delaware limited partnership;
  (iv)
AI Calypso Brown LLC, a Delaware limited liability company;
  (v)
AI Iapetus Grey LLC, a Delaware limit ed liability company;
  (vi)
AI Titan Black LLC, a Delaware limited liability company (together with AI Calypso Brown LLC and AI Iapetus Grey LLC, the “Advent Managed LLCs”).

The managing members and beneficial owners of each of the Advent Managed LLCs are the following funds (the “Advent LAPEF VI Funds”): Advent Latin American Private Equity Fund VI Limited Partnership, Advent Latin American Private Equity Fund VI-A Limited Partnership (of which Advent LAPEF VI Feeder Limited Partnership is a limited partner), Advent Latin American Private Equity Fund VI-B Limited Partnership, Advent Latin American Private Equity Fund VI-C Limited Partnership, Advent Latin American Private Equity Fund VI-D Limited Partnership, Advent Latin American Private Equity Fund VI-E Limited Partnership, Advent Latin American Private Equity Fund VI-F Limited Partnership, Advent Latin American Private Equity Fund VI-G Limited Partnership, Advent Latin American Private Equity Fund VI-H Limited Partnership, Advent Partners LAPEF VI Limited Partnership and Advent Partners LAPEF VI-A Limited Partnership. The Advent LAPEF VI Funds have direct or indirect ownership interests in the Advent Managed LLCs, but none of the Advent LAPEF VI Funds has voting or dispositive power over any shares. LAPEF VI GP Limited Partnership is the general partner of the Advent LAPEF VI Funds, and Advent International LAPEF VI, LLC is the general partner of LAPEF VI GP Limited Partnership. Advent International Corporation is the sole member and manager of Advent LAPEF VI GP LLC and may be deemed to have voting and dispositive power over the shares held by the Advent Managed Fund LLCs.

The address of the principal business and the principal office of the Reporting Persons is Prudential Tower, 800 Boylston Street, Boston, Massachusetts 02199-8069.  
  
 
(d)
Title of Class of Securities:

Class A common shares, US$0.00005 par value per share

 
(e)
CUSIP Number:

G21307106

Item 3.
If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

Not applicable.

Item 4.
Ownership.

 
(a) -- (c)
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.


CUSIP No. G21307106
SCHEDULE 13G
Page 9 of 10 Pages
 
Number of
Shares
Beneficially
Owned
 
Sole Voting
Power
 
Shared
Voting
Power
 
Sole
Dispositive
Power
 
Shared
Dispositive
Power
 
Percentage
of
Common
Stock
Outstanding
Advent International Corporation
49,081,192
 
49,081,192
 
 
49,081,192
 
 
76.6%
Advent International LAPEF VI, LLC
49,081,192
 
49,081,192
 
 
49,081,192
 
 
76.6%
LAPEF VI GP Limited Partnership
49,081,192
 
49,081,192
 
 
49,081,192
 
 
76.6%
AI Calypso Brown LLC
16,360,398
 
16,360,398
 
 
16,360,398
 
 
52.2%
AI Iapetus Grey LLC
16,360,397
 
16,360,397
 
 
16,360,397
 
 
52.2%
AI Titan Black LLC
16,360,397
 
16,360,397
 
 
16,360,397
 
 
52.2%

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 persons have 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 or Control Person.

Not applicable.

Item 8.
Identification and Classification of Members of the Group.

The Reporting Persons expressly disclaim membership in a “group” as used in Rule 13d-5(b)(1).

Item 9.
Notice of Dissolution of Group.

Not applicable.

Item 10.
Certification.

Not applicable.
 

CUSIP No. G21307106
SCHEDULE 13G
Page 10 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.

Date: February 14, 2022
ADVENT INTERNATIONAL CORPORATION
   
 
/s/ Neil Crawford
 
Name:
Neil Crawford
 
Title:
Director, Fund Administration

Date: February 14, 2022
ADVENT INTERNATIONAL LAPEF VI, LLC
   
 
By: ADVENT INTERNATIONAL CORPORATION, MANAGER
   
 
/s/ Neil Crawford
 
Name: Neil Crawford
 
Title: Director, Fund Administration
   
Date: February 14, 2022
LAPEF VI GP LIMITED PARTNERSHIP
   
 
By: ADVENT INTERNATIONAL GPE IX, LLC,
 
GENERAL PARTNER
 
By: ADVENT INTERNATIONAL CORPORATION,
 
MANAGER
   
 
/s/ Neil Crawford
 
Name: Neil Crawford
 
Title: Director, Fund Administration
   
Date: February 14, 2022
AI CALYPSO BROWN LLC
   
 
/s/ Michael Ristaino
 
Name: Michael Ristaino
 
Title: Authorized Signatory
   
Date: February 14, 2022
AI IAPETUS GREY LLC
   
 
/s/ Michael Ristaino
 
Name: Michael Ristaino
 
Title: Authorized Signatory
   
Date: February 14, 2022
AI TITAN BLACK LLC
   
 
/s/ Michael Ristaino
 
Name: Michael Ristaino
 
Title: Authorized Signatory