UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934*
BLUE BUFFALO PET PRODUCTS, INC.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
09531U102
(CUSIP Number)
December 31, 2015
(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)
x 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 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).
13G
| | | | | | |
1. | | Name of Reporting Persons: Invus, L.P. |
2. | | Check the Appropriate Box if a Member of a Group (a) ¨ (b) x |
3. | | SEC Use Only |
4. | | Citizenship or Place of Organization: Bermuda |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | | 5. | | Sole Voting Power: 114,987,547 |
| 6. | | Shared Voting Power: 0 |
| 7. | | Sole Dispositive Power: 114,987,547 |
| 8. | | Shared Dispositive Power: 0 |
9. | | Aggregate Amount Beneficially Owned by Each Reporting Person: 114,987,547 |
10. | | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨ |
11. | | Percent of Class Represented by Amount in Row (9): 58.6% |
12. | | Type of Reporting Person (See Instructions): PN |
Page 2
13G
| | | | | | |
1. | | Name of Reporting Persons: Invus Advisors, L.L.C. |
2. | | Check the Appropriate Box if a Member of a Group (a) ¨ (b) x |
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: 114,987,547 |
| 6. | | Shared Voting Power: 0 |
| 7. | | Sole Dispositive Power: 114,987,547 |
| 8. | | Shared Dispositive Power: 0 |
9. | | Aggregate Amount Beneficially Owned by Each Reporting Person: 114,987,547 |
10. | | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨ |
11. | | Percent of Class Represented by Amount in Row (9): 58.6% |
12. | | Type of Reporting Person (See Instructions): OO |
Page 3
13G
| | | | | | |
1. | | Name of Reporting Persons: Artal International S.C.A. |
2. | | Check the Appropriate Box if a Member of a Group (a) ¨ (b) x |
3. | | SEC Use Only |
4. | | Citizenship or Place of Organization: Luxembourg |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | | 5. | | Sole Voting Power: 114,987,547 |
| 6. | | Shared Voting Power: 0 |
| 7. | | Sole Dispositive Power: 114,987,547 |
| 8. | | Shared Dispositive Power: 0 |
9. | | Aggregate Amount Beneficially Owned by Each Reporting Person: 114,987,547 |
10. | | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨ |
11. | | Percent of Class Represented by Amount in Row (9): 58.6% |
12. | | Type of Reporting Person (See Instructions): OO |
Page 4
13G
| | | | | | |
1. | | Name of Reporting Persons: Artal International Management S.A. |
2. | | Check the Appropriate Box if a Member of a Group (a) ¨ (b) x |
3. | | SEC Use Only |
4. | | Citizenship or Place of Organization: Luxembourg |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | | 5. | | Sole Voting Power: 114,987,547 |
| 6. | | Shared Voting Power: 0 |
| 7. | | Sole Dispositive Power: 114,987,547 |
| 8. | | Shared Dispositive Power: 0 |
9. | | Aggregate Amount Beneficially Owned by Each Reporting Person: 114,987,547 |
10. | | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨ |
11. | | Percent of Class Represented by Amount in Row (9): 58.6% |
12. | | Type of Reporting Person (See Instructions): OO |
Page 5
13G
| | | | | | |
1. | | Name of Reporting Persons: Artal Group S.A. |
2. | | Check the Appropriate Box if a Member of a Group (a) ¨ (b) x |
3. | | SEC Use Only |
4. | | Citizenship or Place of Organization: Luxembourg |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | | 5. | | Sole Voting Power: 114,987,547 |
| 6. | | Shared Voting Power: 0 |
| 7. | | Sole Dispositive Power: 114,987,547 |
| 8. | | Shared Dispositive Power: 0 |
9. | | Aggregate Amount Beneficially Owned by Each Reporting Person: 114,987,547 |
10. | | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨ |
11. | | Percent of Class Represented by Amount in Row (9): 58.6% |
12. | | Type of Reporting Person (See Instructions): OO |
Page 6
13G
| | | | | | |
1. | | Name of Reporting Persons: Westend S.A. |
2. | | Check the Appropriate Box if a Member of a Group (a) ¨ (b) x |
3. | | SEC Use Only |
4. | | Citizenship or Place of Organization: Luxembourg |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | | 5. | | Sole Voting Power: 114,987,547 |
| 6. | | Shared Voting Power: 0 |
| 7. | | Sole Dispositive Power: 114,987,547 |
| 8. | | Shared Dispositive Power: 0 |
9. | | Aggregate Amount Beneficially Owned by Each Reporting Person: 114,987,547 |
10. | | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨ |
11. | | Percent of Class Represented by Amount in Row (9): 58.6% |
12. | | Type of Reporting Person (See Instructions): OO |
Page 7
13G
| | | | | | |
1. | | Name of Reporting Persons: Stichting Administratiekantoor Westend |
2. | | Check the Appropriate Box if a Member of a Group (a) ¨ (b) x |
3. | | SEC Use Only |
4. | | Citizenship or Place of Organization: The Netherlands |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | | 5. | | Sole Voting Power: 114,987,547 |
| 6. | | Shared Voting Power: 0 |
| 7. | | Sole Dispositive Power: 114,987,547 |
| 8. | | Shared Dispositive Power: 0 |
9. | | Aggregate Amount Beneficially Owned by Each Reporting Person: 114,987,547 |
10. | | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨ |
11. | | Percent of Class Represented by Amount in Row (9): 58.6% |
12. | | Type of Reporting Person (See Instructions): OO |
Page 8
13G
| | | | | | |
1. | | Name of Reporting Persons: Mr. Pascal Minne |
2. | | Check the Appropriate Box if a Member of a Group (a) ¨ (b) x |
3. | | SEC Use Only |
4. | | Citizenship or Place of Organization: Belgium |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | | 5. | | Sole Voting Power: 114,987,547 |
| 6. | | Shared Voting Power: 0 |
| 7. | | Sole Dispositive Power: 114,987,547 |
| 8. | | Shared Dispositive Power: 0 |
9. | | Aggregate Amount Beneficially Owned by Each Reporting Person: 114,987,547 |
10. | | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨ |
11. | | Percent of Class Represented by Amount in Row (9): 58.6% |
12. | | Type of Reporting Person (See Instructions): IN |
Page 9
Item 1. | (a). Name of Issuer |
Blue Buffalo Pet Products, Inc. (the “Issuer”)
(b). Address of Issuer’s Principal Executive Offices:
11 River Road, Wilton, CT 06897
Item 2(a). | Name of Person Filing |
Item 2(b). | Address of Principal Business Office |
(i) Invus, L.P. (“Invus”)
750 Lexington Avenue, 30th Floor, New York, NY 10022
Citizenship: Bermuda limited partnership
(ii) Invus Advisors, L.L.C. (“Invus Advisors”)
750 Lexington Avenue, 30th Floor, New York, NY 10022
Citizenship: Delaware limited liability company
(iii) Artal International S.C.A. (“Artal International”)
10-12 avenue Pasteur, L-2310, Luxembourg, Luxembourg
Citizenship: Luxembourg limited partnership
(iv) Artal International Management S.A. (“Artal International Management”)
10-12 avenue Pasteur, L-2310, Luxembourg, Luxembourg
Citizenship: Luxembourg société anonyme
(v) Artal Group S.A. (“Artal Group”)
10-12 avenue Pasteur, L-2310, Luxembourg, Luxembourg
Citizenship: Luxembourg société anonyme
(vi) Westend S.A. (“Westend”)
10-12 avenue Pasteur, L-2310, Luxembourg, Luxembourg
Citizenship: Luxembourg société anonyme
(vii) Stichting Administratiekantoor Westend (the “Stichting”)
Ijsselburcht 3, NL-6825 BS Arnhem, The Netherlands
Citizenship: Netherlands foundation
(viii) Mr. Pascal Minne
Place Ste. Gudule, 19, B-1000, Bruxelles, Belgium
Citizenship: Belgium
The foregoing persons are hereinafter sometimes collectively referred to as the “Reporting Persons.”
Item 2(d). | Title of Class of Securities: |
Common Stock, par value $0.01 (the “Shares”)
Item 2(e). | CUSIP Number:09531U102 |
Page 10
Item 3. | If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: |
This Item 3 is not applicable.
| (a) | Amount beneficially owned: |
As of December 31, 2015, each of the Reporting Persons may be deemed the beneficial owner of 114,987,547 Shares held for the account of Invus.
As of December 31, 2015, each of the Reporting Persons may be deemed the beneficial owner of approximately 58.6% of Shares outstanding.
| (c) | Number of Shares as to which the Reporting Person has: |
Invus, Invus Advisors, Artal International, Artal International Management, Artal Group, Westend, The Stichting and Mr. Minne:
| (i) | Sole power to vote or to direct the vote: |
114,987,547
| (ii) | Shared power to vote or to direct the vote: |
0
| (iii) | Sole power to dispose or to direct the disposition of: |
114,987,547
| (iv) | Shared power to dispose or to direct the disposition of: |
0
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 person has 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. |
This Item 6 is not applicable.
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. |
This Item 7 is not applicable.
Page 11
Item 8. | Identification and Classification of Members of the Group. |
Invus and The Bishop Family Limited Partnership (collectively, the “Shareholders”), the Issuer and other shareholders of the Issuer named therein are party to an Amended and Restated Investor Rights Agreement, dated as of January 21, 2015 (the “Investor Rights Agreement”). The Investor Rights Agreement requires the Shareholders to vote their Shares for directors that are designated by the Shareholders in accordance with the provisions of the Investor Rights Agreement. Given the terms of the Investor Rights Agreement, as of December 31, 2015, each of the Shareholders and certain of their respective affiliates may be deemed to be a member of a “group” that owns 130,958,789 Shares, or 66.8% of the outstanding Shares. The Reporting Persons expressly disclaim beneficial ownership over any shares of Common Stock that they may be deemed to beneficially own solely by reason of the Investor Rights Agreement. The Bishop Family Limited Partnership and certain of its affiliates are separately filing a Schedule 13G to report their beneficial ownership of Shares.
Item 9. | Notice of Dissolution of Group. |
This Item 9 is not applicable.
This Item 10 is not applicable.
Page 12
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.
| | |
INVUS, L.P. |
| |
By: | | INVUS ADVISORS, L.L.C., its general partner |
| |
By: | | /s/ Raymond Debbane |
Name: | | Raymond Debbane |
Title: | | President |
|
INVUS ADVISORS, L.L.C. |
| |
By: | | /s/ Raymond Debbane |
Name: | | Raymond Debbane |
Title: | | President |
|
ARTAL INTERNATIONAL S.C.A. |
| |
By: | | ARTAL INTERNATIONAL MANAGEMENT S.A., its managing partner |
| |
By: | | /s/ Anne Goffard |
Name: | | Anne Goffard |
Title: | | Managing Director |
|
ARTAL INTERNATIONAL MANAGEMENT S.A. |
| |
By: | | /s/ Anne Goffard |
Name: | | Anne Goffard |
Title: | | Managing Director |
|
ARTAL GROUP S.A. |
| |
By: | | /s/ Anne Goffard |
Name: | | Anne Goffard |
Title: | | Authorized Person |
|
WESTEND S.A. |
| |
By: | | /s/ Pascal Minne |
Name: | | Pascal Minne |
Title: | | Director |
|
STICHTING ADMINISTRATIEKANTOOR WESTEND |
| |
By: | | /s/ Pascal Minne |
Name: | | Pascal Minne |
Title: | | Sole Member of the Board |
|
MR. PASCAL MINNE |
|
/s/ Pascal Minne |
Dated: February 12, 2016