UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.1)*

 

 

JELD-WEN Holding, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

47580P103

(CUSIP Number)

December 31, 2019

(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. 47580P103   13G   

 

  1    

  NAMES OF REPORTING PERSONS

 

  Onex Corporation

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)  ☐        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Ontario, Canada

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0     

  6     

  SHARED VOTING POWER

 

  32,101,820 (1)     

  7     

  SOLE DISPOSITIVE POWER

 

  0     

  8     

  SHARED DISPOSITIVE POWER

 

  32,101,820 (1)     

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  32,101,820 (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)

 

  31.9% (2)     

12    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO     

 

(1)

See Item 4 below.

(2)

Based on 100,590,747 shares of common stock outstanding as of November 4, 2019.

 

2


CUSIP No. 47580P103   13G   

 

  1    

  NAMES OF REPORTING PERSONS

 

  Gerald W. Schwartz

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)  ☐        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Canada

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0     

  6     

  SHARED VOTING POWER

 

  32,883,094 (1)

  7     

  SOLE DISPOSITIVE POWER

 

  0     

  8     

  SHARED DISPOSITIVE POWER

 

  32,883,094 (1)

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  32,883,094 (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)

 

  32.7% (2)     

12    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  IN     

 

(1)

See Item 4 below.

(2)

Based on 100,590,747 shares of common stock outstanding as of November 4, 2019.

 

3


CUSIP No. 47580P103   13G   

 

  1    

  NAMES OF REPORTING PERSONS

 

  Onex Partners III LP

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)  ☐        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0     

  6     

  SHARED VOTING POWER

 

  20,302,027 (1)

  7     

  SOLE DISPOSITIVE POWER

 

  0     

  8     

  SHARED DISPOSITIVE POWER

 

  20,302,027 (1)

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  20,302,027 (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)

 

  20.2% (2)     

12    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN     

 

(1)

See Item 4 below.

(2)

Based on 100,590,747 shares of common stock outstanding as of November 4, 2019.

 

4


CUSIP No. 47580P103   13G   

 

  1    

  NAMES OF REPORTING PERSONS

 

  Onex BP Co-Invest LP

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)  ☐        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0     

  6     

  SHARED VOTING POWER

 

  2,744,219 (1)

  7     

  SOLE DISPOSITIVE POWER

 

  0     

  8     

  SHARED DISPOSITIVE POWER

 

  2,744,219 (1)

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  2,744,219 (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)

 

  2.7% (2)     

12    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN     

 

(1)

See Item 4 below.

(2)

Based on 100,590,747 shares of common stock outstanding as of November 4, 2019.

 

5


CUSIP No. 47580P103   13G   

 

  1    

  NAMES OF REPORTING PERSONS

 

  Onex Partners III GP LP

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)  ☐        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0     

  6     

  SHARED VOTING POWER

 

  23,907,545 (1)

  7     

  SOLE DISPOSITIVE POWER

 

  0     

  8     

  SHARED DISPOSITIVE POWER

 

  23,907,545 (1)

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  23,907,545 (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)

 

  23.8% (2)     

12    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN     

 

(3)

See Item 4 below.

(4)

Based on 100,590,747 shares of common stock outstanding as of November 4, 2019.

 

6


CUSIP No. 47580P103   13G   

 

  1    

  NAMES OF REPORTING PERSONS

 

  Onex US Principals LP

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)  ☐        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0     

  6     

  SHARED VOTING POWER

 

  272,060 (1)

  7     

  SOLE DISPOSITIVE POWER

 

  0     

  8     

  SHARED DISPOSITIVE POWER

 

  272,060 (1)

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  272,060 (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)

 

  0.3% (2)     

12    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN     

 

(1)

See Item 4 below.

(2)

Based on 100,590,747 shares of common stock outstanding as of November 4, 2019.

 

7


CUSIP No. 47580P103   13G   

 

  1    

  NAMES OF REPORTING PERSONS

 

  Onex Partners III PV LP

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)  ☐        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0     

  6     

  SHARED VOTING POWER

 

  258,883 (1)

  7     

  SOLE DISPOSITIVE POWER

 

  0     

  8     

  SHARED DISPOSITIVE POWER

 

  258,883 (1)

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  258,883 (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)

 

  0.3% (2)     

12    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN     

 

(1)

See Item 4 below.

(2)

Based on 100,590,747 shares of common stock outstanding as of November 4, 2019.

 

8


CUSIP No. 47580P103   13G   

 

  1    

  NAMES OF REPORTING PERSONS

 

  BP EI LLC

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)  ☐        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0     

  6     

  SHARED VOTING POWER

 

  335,900 (1)

  7     

  SOLE DISPOSITIVE POWER

 

  0     

  8     

  SHARED DISPOSITIVE POWER

 

  335,900 (1)

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  335,900 (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)

 

  0.3% (2)     

12    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  OO (Limited Liability Company)

 

(3)

See Item 4 below.

(4)

Based on 100,590,747 shares of common stock outstanding as of November 4, 2019.

 

9


CUSIP No. 47580P103   13G   

 

  1    

  NAMES OF REPORTING PERSONS

 

  Onex Partners III Select LP

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)  ☐        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0     

  6     

  SHARED VOTING POWER

 

  65,364 (1)

  7     

  SOLE DISPOSITIVE POWER

 

  0     

  8     

  SHARED DISPOSITIVE POWER

 

  65,364 (1)

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  65,364 (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)

 

  0.1% (2)     

12    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN

 

(1)

See Item 4 below.

(2)

Based on 100,590,747 shares of common stock outstanding as of November 4, 2019.

 

10


CUSIP No. 47580P103   13G   

 

  1    

  NAMES OF REPORTING PERSONS

 

  New PCo II Investments Ltd.

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)  ☐        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Ontario, Canada

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0     

  6     

  SHARED VOTING POWER

 

  781,274 (1)

  7     

  SOLE DISPOSITIVE POWER

 

  0     

  8     

  SHARED DISPOSITIVE POWER

 

  781,274 (1)

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  781,274 (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)

 

  0.8% (2)     

12    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  OO (Limited Liability Company)

 

(1)

See Item 4 below.

(2)

Based on 100,590,747 shares of common stock outstanding as of November 4, 2019.

 

11


This Amendment No. 1 to Schedule 13G relates to Common Stock, par value $0.01 per share, of JELD-WEN Holding, Inc. (the “Issuer”), amends and supplements the Schedule 13G previously filed by Onex Corporation and other reporting persons with the Securities and Exchange Commission on February 14, 2018 (as so amended, the “Schedule 13G”), and is being filed to reflect that Onex American Holdings II LLC has changed its name to Onex Private Equity Holdings LLC.

The Schedule 13G is hereby amended as follows:

 

Item 4.

Ownership:

Item 4 is hereby amended and restated in its entirety as follows:

The information required by Items 4(a)-4(c) is set forth in Rows 5-11 of the cover page for each of the Reporting Persons and is incorporated herein by reference for each of the Reporting Persons. As of the date of this report, each of the Reporting Persons beneficially owned the number and percentage of issued and outstanding shares of common stock of JELD-WEN Holding, Inc. (the “Company”) listed opposite its or his name:

 

Reporting Person:

   Number of
Shares Held
of Record:
     Number of
Shares
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
of:
     Shared
Power
to Dispose or
to Direct the
Disposition
of:
 

Onex Corporation(1)

     7,586,315        32,101,820        31.9     0        32,101,820        0        32,101,820  

Gerald W. Schwartz(1)(2)

     0        32,883,094        32.7     0        32,883,094        0        32,883,094  

Onex Partners III LP

     20,302,027        20,302,027        20.2     0        20,302,027        0        20,302,027  

Onex Partners III GP LP(3)

     537,052        23,907,545        23.8     0        23,907,545        0        23,907,545  

Onex US Principals LP

     272,060        272,060        0.3     0        272,060        0        272,060  

Onex Partners III PV LP

     258,883        258,883        0.3     0        258,883        0        258,883  

Onex Partners III Select LP

     65,364        65,364        0.1     0        65,364        0        65,364  

Onex BP Co-Invest LP

     2,744,219        2,744,219        2.7     0        2,744,219        0        2,744,219  

BP EI LLC

     335,900        335,900        0.3     0        335,900        0        335,900  

New PCo II Investments Ltd.

     781,274        781,274        0.8     0        781,274        0        781,274  

 

(1)

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 BP Co-Invest 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 BP Co-Invest LP, (c) 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, (d) Onex US Principals LP, through Onex Corporation’s indirect ownership or control of Onex American Holdings GP LLC, the general partner of Onex US Principals LP, (e) 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, (f) BP EI LLC, through Onex Corporation’s ownership of all of the equity of Onex Private Equity Holdings LLC, which owns all of the equity of BP EI LLC, and (g) 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. 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 such beneficial ownership.

(2)

Mr. Gerald W. Schwartz may be deemed to beneficially own the common stock held by New PCo II Investments Ltd., through Mr. Schwartz’s indirect ownership or control of 1597257 Ontario Inc., which owns all of the equity of New PCo II Investments Ltd.

(3)

Onex Partners III GP LP may be deemed to beneficially own the shares held of record by Onex Partners III LP., Onex BP Co-Invest LP, Onex Partners III GP LP, Onex Partners III PV LP, and Onex Partners III Select LP as described in note (1) above. Onex Partners III GP LP disclaims such beneficial ownership (except with respect to the shares held of record by such entity).

 

12


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: February 13, 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 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 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

 

13


ONEX BP CO-INVEST 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
BP EI LLC
By:  

/s/ Joshua Hausman

  Name:   Joshua Hausman
  Title:   Managing Director
NEW PCO II INVESTMENTS LTD.
By:  

/s/ Michelle Iskander

  Name:   Michelle Iskander
  Title:   Secretary
GERALD W. SCHWARTZ
By:  

/s/ Andrea E. Daly

  Name:   Andrea E. Daly
  Title:   Attorney-in-fact for Gerald W. Schwartz, 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.

 

14


INDEX TO EXHIBITS

 

Exhibit No.

  

Exhibit

99.1    Joint Filing Agreement

 

15

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