Sec Form 13D Filing - ONEX CORP filing for Emerald Holding Inc. (EEX) - 2020-08-17

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
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

Emerald Holding, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

29103W104

(CUSIP Number)

Andrea E. Daly, Esq.

c/o Onex Corporation

161 Bay Street P.O. Box 700

Toronto, ON, Canada M5J 2S1

+1 (416) 362-7711

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

August 13, 2020

(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 Rule 13d-1(e), Rule 13d-1(f) or Rule 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 13d-7(b) 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).

 

 

 


  1    

  Names of Reporting Persons

 

  Onex Corporation

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Ontario, Canada

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  157,504,211

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

   157,504,211

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  157,504,211

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  86.4%

14    

  Type of Reporting Person

 

  CO


  1    

  Names of Reporting Persons

 

  Gerald W. Schwartz

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Canada

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  157,974,794

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  157,974,794

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  157,974,794

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  86.6%

14    

  Type of Reporting Person

 

  IN


  1    

  Names of Reporting Persons

 

  Onex Partners III LP

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  33,135,329

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  33,135,329

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  33,135,329

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  18.2%

14    

  Type of Reporting Person

 

  PN


  1    

  Names of Reporting Persons

 

  Onex Partners III GP LP

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  0;☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  35,039,404

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  35,039,404

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  35,039,404

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  19.2%

14    

  Type of Reporting Person

 

  PN

 


  1    

  Names of Reporting Persons

 

  Onex US Principals LP

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  423,159

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  423,159

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  423,159

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  0.2%

14    

  Type of Reporting Person

 

  PN

 


  1    

  Names of Reporting Persons

 

  Onex Partners III PV LP

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  420,116

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  420,116

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  420,116

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  0.2%

14    

  Type of Reporting Person

 

  PN

 


  1    

  Names of Reporting Persons

 

  Onex Expo SARL

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Luxembourg

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  11,125,186

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  11,125,186

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  11,125,186

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  6.1%

14    

  Type of Reporting Person

 

  CO


  1    

  Names of Reporting Persons

 

  Onex Partners III Select LP

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  106,562

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  106,562

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  106,562

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  0.1%

14    

  Type of Reporting Person

 

  PN


  1    

  Names of Reporting Persons

 

  Onex Advisor Subco LLC

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  470,583

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  470,583

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  470,583

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  0.3%

14    

  Type of Reporting Person

 

  OO (Limited Liability Company)

 


  1    

  Names of Reporting Persons

 

  Onex Advisor Subco III LLC

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  470,583

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  470,583

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  470,583

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  0.3%

14    

  Type of Reporting Person

 

  OO (Limited Liability Company)

 


  1    

  Names of Reporting Persons

 

  Onex Partners Manager GP ULC

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Ontario, Canada

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  35,039,404

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  35,039,404

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  35,039,404

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  19.2%

14    

  Type of Reporting Person

 

  OO (Unlimited Liability Company)

 


  1    

  Names of Reporting Persons

 

  Onex Partners Manager LP

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  35,039,404

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  35,039,404

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  35,039,404

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  19.2%

14    

  Type of Reporting Person

 

  PN

 


  1    

  Names of Reporting Persons

 

  Onex Partners GP Inc.

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  35,039,404

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  35,039,404

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  35,039,404

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  19.2%

14    

  Type of Reporting Person

 

  CO


  1    

  Names of Reporting Persons

 

  Onex Private Equity Holdings LLC

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  11,548,345

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  11,548,345

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  11,548,345

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  6.3%

14    

  Type of Reporting Person

 

  OO (Limited Liability Company)


  1    

  Names of Reporting Persons

 

  Onex American Holdings II LLC

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  423,159

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  423,159

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  423,159

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  0.2%

14    

  Type of Reporting Person

 

  OO (Limited Liability Company)


  1    

  Names of Reporting Persons

 

  Onex American Holdings GP LLC

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  423,159

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  423,159

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  423,159

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  0.2%

14    

  Type of Reporting Person

 

  OO (Limited Liability Company)


  1    

  Names of Reporting Persons

 

  Onex American Holdings Subco LLC

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OW NED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  11,125,186

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  11,125,186

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  11,125,186

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  6.1%

14    

  Type of Reporting Person

 

  OO (Limited Liability Company)


  1    

  Names of Reporting Persons

 

  OAH Wind LLC

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  11,125,186

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  11,125,186

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  11,125,186

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  6.1%

14    

  Type of Reporting Person

 

  OO (Limited Liability Company)


  1    

  Names of Reporting Persons

 

  Expo EI LLC

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  11,125,186

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  11,125,186

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  11,125,186

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  6.1%

14    

  Type of Reporting Person

 

  OO (Limited Liability Company)

 


  1    

  Names of Reporting Persons

 

  Expo EI II LLC

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  11,125,186

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  11,125,186

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  11,125,186

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  6.1%

14    

  Type of Reporting Person

 

  OO (Limited Liability Company)

 


  1    

  Names of Reporting Persons

 

  Expo EI III LLC

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  11,125,186

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  11,125,186

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  11,125,186

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  6.1%

14    

  Type of Reporting Person

 

  OO (Limited Liability Company)

 


  1    

  Names of Reporting Persons

 

  1597257 Ontario Inc.

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Ontario, Canada

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  470,583

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  470,583

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  470,583

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  0.3%

14    

  Type of Reporting Person

 

  CO


  1    

  Names of Reporting Persons

 

  New PCo II Investments Ltd.

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Ontario, Canada

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  470,583

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  470,583

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  470,583

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  0.3%

14    

  Type of Reporting Person

 

  OO (Limited Company)


  1    

  Names of Reporting Persons

 

  Onex Partners Canadian GP Inc.

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6    

  Citizenship or Place of Organization

 

  Ontario, Canada

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  110,916,462

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  110,916,462

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  110,916,462

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  60.8%

14    

  Type of Reporting Person

 

  CO


  1    

  Names of Reporting Persons

 

  Onex Partners V GP Limited

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings 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

 

  110,916,462

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  110,916,462

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  110,916,462

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  60.8%

14    

  Type of Reporting Person

 

  CO


  1    

  Names of Reporting Persons

 

  OPV Gem Aggregator LP

  2    

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3    

  SEC Use Only

 

  4    

  Source of Funds (See Instructions)

 

  OO

  5    

  Check if disclosure of legal proceedings 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

 

  110,916,462

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  110,916,462

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  110,916,462

12    

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

 

  ☐

13    

  Percent of Class Represented by Amount in Row (11)

 

  60.8%

14    

  Type of Reporting Person

 

  PN


Explanatory Note

This Amendment No. 1 to Schedule 13D (this “Amendment No. 1”) amends and supplements the Schedule 13D originally filed with the United States Securities and Exchange Commission (the “SEC”) on June 29, 2020 (the “Schedule 13D”), relating to the shares of common stock, par value $0.01 per share (the “Common Stock”), of Emerald Holding, Inc., a Delaware corporation (the “Issuer”), beneficially owned by the Reporting Persons. Capitalized terms used herein without definition shall have the meaning set forth in the Schedule 13D.

 

Item 3.

Source and Amount of Funds or Other Consideration.

Item 3 of the Schedule 13D is hereby amended and supplemented as follows:

On August 13, 2020, Gem Aggregator, acquired 22,660,587 shares of Series A Preferred Stock from the Issuer for an aggregate purchase price of $126,899,287. Gem Aggregator obtained the funds for the purchase of the Series A Preferred Stock through capital contributions from its partners, which in turn used working capital and capital contributions from their respective partners, members and equity holders to fund such contributions.

 

Item  ;4.

Purpose of Transaction.

Item 4 of the Schedule 13D is hereby amended and supplemented as follows:

As previously disclosed, on June 29, 2020, Gem Aggregator acquired 47,058,332 shares of Series A Preferred Stock from the Issuer pursuant to the Investment Agreement. Also in connection with the Investment Agreement, the Issuer agreed to effect the Rights Offering and Gem Aggregator (in its capacity as assignee of Onex Partners V LP) agreed to purchase additional shares of Series A Preferred Stock not subscribed for in the Rights Offering (the “Backstop Commitment”). Pursuant to the Backstop Commitment, on August 13, 2020 Gem Aggregator acquired 22,660,587 shares of Series A Preferred Stock from the Issuer for an aggregate purchase price of $126,899,287.


Item 5.

Interest in Securities of the Issuer.

Item 5(a) – (b) of the Schedule 13D is hereby amended and restated in its entirety by inserting the following information:

The following sets forth, as of the date of this Schedule 13D, the aggregate number of shares of Common Stock and percentage of Common Stock beneficially owned by each of the Reporting Persons, as well as the number of shares of Common Stock as to which each Reporting Person has the sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition of, or shared power to dispose or to direct the disposition of, as of the date hereof, based on 182,362,808 shares of Common Stock outstanding, which includes 71,480,252 shares of Common Stock outstanding as of August 3, 2020 and 110,916,462 shares of Common Stock issuable upon conversion of 69,718,919 shares of Series A Preferred Stock held of record by Gem Aggregator.

 

Reporting Person

   Amount
beneficially
owned
     Percent
of class
    Sole
power to
vote or to
direct
the vote
     Shared
power to
vote or to
direct the

vote
     Sole power
to dispose
or to direct
the
disposition
     Shared
power to
dispose or to
direct the
disposition
 

Onex Corporation

     157,504,211        86.4     0        157,504,211        0        157,504,211  

Gerald W. Schwartz

     157,974,794        86.6     0        157,974,794        0        157,974,794  

Onex Partners III LP

     33,135,329        18.2     0        33,135,329        0        33,135,329  

Onex Partners III GP LP

     35,039,404        19.2     0        35,039,404        0        35,039,404  

Onex US Principals LP

     423,159        0.2     0        423,159        0        423,159  

Onex Partners III PV LP

     420,116        0.2     0        420,116        0        420,116  

Onex Expo SARL

     11,125,186        6.1     0        11,125,186        0        11,125,186  

Onex Partners III Select LP

     106,562        0.1     0        106,562        0        106,562  

Onex Advisor Subco LLC

     470,583        0.3     0        470,583        0        470,583  

Onex Advisor Subco III LLC

  0;   470,583        0.3     0        470,583        0        470,583  

Onex Partners Manager GP ULC

     35,039,404        19.2     0        35,039,404        0        35,039,404  

Onex Partners Manager LP

     35,039,404        19.2     0        35,039,404        0        35,039,404  

Onex Partners GP Inc.

     35,039,404        19.2     0        35,039,404        0        35,039,404  

Onex Private Equity Holdings LLC

     11,548,345        6.3     0        11,548,345        0        11,548,345  

Onex American Holdings II LLC

     423,159        0.2     0        423,159        0        423,159  

Onex American Holdings GP LLC

     423,159        0.2     0        423,159        0        423,159  

Onex American Holdings Subco LLC

     11,125,186        6.1     0        11,125,186        0        11,125,186  

OAH Wind LLC

     11,125,186        6.1     0        11,125,186        0        11,125,186  

Expo EI LLC

     11,125,186        6.1     0        11,125,186        0        11,125,186  

Expo EI II LLC

     11,125,186        6.1     0        11,125,186        0        11,125,186  

Expo EI III LLC

     11,125,186        6.1     0        11,125,186        0        11,125,186  

1597257 Ontario Inc.

     470,583        0.3     0        470,583        0        470,583  

New PCo II Investments Ltd.

     470,583        0.3     0        470,583        0        470,583  

Onex Partners Canadian GP Inc.

     110,916,462        60.8     0        110,916,462        0        110,916,462  

Onex Partners V GP Limited

     110,916,462        60.8     0        110,916,462        0        110,916,462  

OPV Gem Aggregator LP

     110,916,462        60.8     0        110,916,462        0        110,916,462  

The securities reported in the table above includes 33,135,329, 1,377,397, 423,159, 420,116, 11,125,186, 106,562, 470,583 shares of Common Stock held of record by Onex Partners III LP, Onex Partners III GP LP, Onex US Principals LP, Onex Partners III PV LP, Onex Expo SARL, Onex Partners III Select LP and Onex Advisor Subco III LLC, respectively.


The securities reported in the table above also includes 110,916,462 shares of Common Stock issuable upon conversion of 69,718,919 shares of Series A Preferred Stock held of record by Gem Aggregator.

Onex Corporation, a corporation whose subordinated voting shares are traded on the Toronto Stock Exchange, and/or Mr. Gerald W. Schwartz, may be deemed to beneficially own the Common Stock held by (a) Onex Partners III LP, through Onex Corporation’s indirect ownership or control of Onex Partners Manager GP ULC, the general partner of Onex Partners Manager LP, the agent of Onex Partners III GP LP, the general partner of Onex Partners III LP, (b) Onex Partners III GP LP, through Onex Corporation’s ownership of all of the equity of Onex Partners GP Inc., the general partner of Onex Partners III GP LP, (c) Onex US Principals LP, through Onex Corporation’s ownership of all of the equity of Onex American Holdings II LLC, which owns all of the equity of Onex American Holdings GP LLC, the general partner of Onex US Principals LP, (d) Onex Partners III PV LP, through Onex Corporation’s indirect ownership or control of Onex Partners Manager GP ULC, the general partner of Onex Partners Manager LP, the agent of Onex Partners III GP LP, the general partner of Onex Partners III PV LP, (e) Onex Expo SARL, through Onex Corporation’s ownership of all of the equity of Onex American Holdings II LLC, which owns all of the equity of (i) Onex American Holdings Subco LLC, which in turn holds all of the equity of OAH Wind LLC, which owns approximately 95% of the outstanding equity of Onex Expo SARL, and (ii) all of the outstanding equity of each of Expo EI LLC and Expo EI II LLC which, through their collective ownership of Expo EI III LLC, own the remaining outstanding equity of Onex Expo SARL, (f) Onex Partners III Select LP, through Onex Corporation’s indirect ownership or control of Onex Partners Manager GP ULC, the general partner of Onex Partners Manager LP, the agent of Onex Partners III GP LP, the general partner of Onex Partners III Select LP, (g) Onex Advisor Subco III LLC, through Gerald W. Schwartz’s indirect control of 1597257 Ontario Inc., which owns all of the voting equity of New PCo II Investments Ltd., which owns all of the equity interest of Onex Advisor Subco LLC which in turn owns all of the equity of Onex Advisor Subco III LLC, and (h) Gem Aggregator, through Onex Corporation’s ownership of all of the equity of Onex Partners Canadian GP Inc., which owns all of the equity of Onex Partners V GP Limited, which is the general partner of Gem Aggregator.

In addition, Mr. Gerald W. Schwartz may be deemed to beneficially own the shares of Common Stock held of record by Onex Advisor Subco III LLC, through Mr. Schwartz’s indirect control of 1597257 Ontario Inc., which owns all of the voting equity of New PCo II Investments Ltd., which owns all of the equity interest of Onex Advisor Subco III LLC.

Mr. Gerald W. Schwartz, the Chairman, President and Chief Executive Officer of Onex Corporation, indirectly owns shares representing a majority of the voting rights of the shares of Onex Corporation and as such may be deemed to beneficially own all of the Common Stock beneficially owned by Onex Corporation. Mr. Schwartz disclaims any such beneficial ownership.


Item 5(c) of the Schedule 13D is amended and supplemented by inserting the following information:

 

(c)

Except as described in Item 4, since the most recently filed Schedule 13D none of the Reporting Persons has effected any transactions in the Common Stock.

 

(d)

None.

 

(e)

Not applicable.


SIGNATURES

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: August 17, 2020

 

ONEX CORPORATION
By:  

/s/ David Copeland

Name: David Copeland
Title:   Managing Director - Tax
ONEX PARTNERS III GP LP
By: Onex Partners GP Inc., its General Partner
By:  

/s/ Joshua Hausman

Name: Joshua Hausman
Title:   Vice President
ONEX PARTNERS GP INC.
By:  

/s/ Joshua Hausman

Name: Joshua Hausman
Title:   Vice President
ONEX US PRINCIPALS LP
By: Onex American Holdings GP LLC, its General Partner
By:  

/s/ Joshua Hausman

Name: Joshua Hausman
Title:   Director
ONEX PARTNERS III PV LP
By: Onex Partners III GP LP, its General Partner
By: Onex Partners Manager LP, its Agent
By: Onex Partners Manager GP ULC, its General Partner
By:  

/s/ Joshua Hausman

Name: Joshua Hausman
Title:   Managing Director


ONEX PARTNERS III SELECT LP
By: Onex Partners III GP LP, its General Partner
By: Onex Partners Manager LP, its Agent
By: Onex Partners Manager GP ULC, its General Partner
By:  

/s/ Joshua Hausman

Name: Joshua Hausman
Title:   Managing Director
ONEX PARTNERS III LP
By: Onex Partners III GP LP, its General Partner
By: Onex Partners Manager LP, its Agent
By: Onex Partners Manager GP ULC, its General Partner
By:  

/s/ Joshua Hausman

Name: Joshua Hausman
Title:   Managing Director
ONEX EXPO SARL
By:  

/s/ Joshua Hausman

Name: Joshua Hausman
Title:   Type A Manager
ONEX PARTNERS MANAGER GP ULC
By:  

/s/ Joshua Hausman

Name: Joshua Hausman
Title:   Managing Director
ONEX PARTNERS MANAGER LP
By: Onex Partners Manager GP ULC, its General Partner
By:  

/s/ Joshua Hausman

Name: Joshua Hausman
Title:   Managing Director


ONEX PRIVATE EQUITY HOLDINGS LLC
By:  

/s/ Joshua Hausman

Name: Joshua Hausman
Title:   Director
ONEX AMERICAN HOLDINGS II LLC
By:  

/s/ Joshua Hausman

Name: Joshua Hausman
Title:   Director
ONEX AMERICAN HOLDINGS GP LLC
By:  

/s/ Joshua Hausman

Name: Joshua Hausman
Title:   Director
ONEX AMERICAN HOLDINGS SUBCO LLC
By:  

/s/ Joshua Hausman

Name: Joshua Hausman
Title:   Director
OAH WIND LLC
By:  

/s/ Joshua Hausman

Name: Joshua Hausman
Title:   Director
EXPO EI LLC
By:  

/s/ Joshua Hausman

Name: Joshua Hausman
Title:   Director
EXPO EI II LLC
By:  

/s/ Joshua Hausman

Name: Joshua Hausman
Title:   Director


EXPO EI III LLC
By:  

/s/ Joshua Hausman

Name: Joshua Hausman
Title:   Director
ONEX ADVISOR SUBCO LLC
By:  

/s/ Joel Greenberg

Name: Joel Greenberg
Title:   Director
ONEX ADVISOR SUBCO III LLC
By:  

/s/ Joel Greenberg

Name: Joel Greenberg
Title:   Director
1597257 ONTARIO INC.
By:  

/s/ Michelle Iskander

Name: Michelle Iskander
Title:   Secretary
NEW PCO II INVESTMENTS LTD.
By:  

/s/ Michelle Iskander

Name: Michelle Iskander
Title:   Secretary
By:  

/s/ Andrea E. Daly

Gerald W. Schwartz, by Andrea E. Daly, attorney-in-fact pursuant to a power of attorney incorporated herein by reference from the Schedule 13G/A with respect to Fly Leasing Limited filed by Mr. Schwartz and other reporting persons on April 3, 2017


ONEX PARTNERS CANADIAN GP INC.
By:  

/s/ David Copeland

Name: David Copeland
Title:   Vice President
By:  

/s/ Derek MacKay

Name: Derek MacKay
Title:   Vice President
ONEX PARTNERS V GP LIMITED
By:  

/s/ Kosty Gilis

Name: Kosty Gilis
Title:   Authorized Person
OPV GEM AGGREGATOR LP
By: Onex Partners V GP Limited, its General Partner,
By:  

/s/ Kosty Gilis

Name: Kosty Gilis
Title:   Authorized Person