Schedule 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Schedule 13G

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

U.S. Silica Holdings, Inc.

(Name of Issuer)

Common Stock, $0.01 Par Value

(Title of Class of Securities)

CUSIP No. 90346E 103

(CUSIP Number)

December 31, 2012

(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 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. 90346E 103   13G   Page 2 of 16 Pages

 

1  

NAMES OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):

 

    GGC USS Holdings, 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

 

    41,176,471 (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8       

SHARED DISPOSITIVE POWER

 

    41,176,471 (See Item 4)

9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    41,176,471 (See Item 4)

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)

 

    77.9% (See Item 4)

12  

TYPE OF REPORTING PERSON (See Instructions)

 

    OO

All percentages set forth on the cover pages to this Schedule 13G and elsewhere were calculated based on 52,846,176 shares outstanding as disclosed in U.S. Silica Holdings, Inc.’s quarterly report on Form 10-Q/A filed with the Securities and Exchange Commission (the “Commission”) on November 8, 2012.


CUSIP No. 90346E 103   13G   Page 3 of 16 Pages

 

1  

NAMES OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):

 

    Golden Gate Capital Opportunity Fund, L.P.

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

 

    Cayman Islands

NUMBER OF SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    41,176,471 (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8       

SHARED DISPOSITIVE POWER

 

    41,176,471 (See Item 4)

9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    41,176,471 (See Item 4)

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)

 

    77.9% (See Item 4)

12  

TYPE OF REPORTING PERSON (See Instructions)

 

    PN

All percentages set forth on the cover pages to this Schedule 13G and elsewhere were calculated based on 52,846,176 shares outstanding as disclosed in U.S. Silica Holdings, Inc.’s quarterly report on Form 10-Q/A filed with the Commission on November 8, 2012.


CUSIP No. 90346E 103   13G   Page 4 of 16 Pages

 

1  

NAMES OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):

 

    Golden Gate Capital Opportunity Fund-A, L.P.

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

 

    Cayman Islands

NUMBER OF SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    41,176,471 (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8       

SHARED DISPOSITIVE POWER

 

    41,176,471 (See Item 4)

9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    41,176,471 (See Item 4)

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)

 

    77.9% (See Item 4)

12  

TYPE OF REPORTING PERSON (See Instructions)

 

    PN

All percentages set forth on the cover pages to this Schedule 13G and elsewhere were calculated based on 52,846,176 shares outstanding as disclosed in U.S. Silica Holdings, Inc.’s quarterly report on Form 10-Q/A filed with the Commission on November 8, 2012.


CUSIP No. 90346E 103   13G   Page 5 of 16 Pages

 

1  

NAMES OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):

 

    GGCOF Co-Invest, L.P.

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

 

    Cayman Islands

NUMBER OF SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    41,176,471 (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8       

SHARED DISPOSITIVE POWER

 

    41,176,471 (See Item 4)

9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    41,176,471 (See Item 4)

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)

 

    77.9% (See Item 4)

12  

TYPE OF REPORTING PERSON (See Instructions)

 

    PN

All percentages set forth on the cover pages to this Schedule 13G and elsewhere were calculated based on 52,846,176 shares outstanding as disclosed in U.S. Silica Holdings, Inc.’s quarterly report on Form 10-Q/A filed with the Commission on November 8, 2012.


CUSIP No. 90346E 103   13G   Page 6 of 16 Pages

 

1  

NAMES OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):

 

    GGCOF Third-Party Co-Invest, L.P.

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

 

    Cayman Islands

NUMBER OF SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    41,176,471 (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8       

SHARED DISPOSITIVE POWER

 

    41,176,471 (See Item 4)

9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    41,176,471 (See Item 4)

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)

 

    77.9% (See Item 4)

12  

TYPE OF REPORTING PERSON (See Instructions)

 

    PN

All percentages set forth on the cover pages to this Schedule 13G and elsewhere were calculated based on 52,846,176 shares outstanding as disclosed in U.S. Silica Holdings, Inc.’s quarterly report on Form 10-Q/A filed with the Commission on November 8, 2012.


CUSIP No. 90346E 103   13G   Page 7 of 16 Pages

 

1  

NAMES OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):

 

    GGC Co-Invest Management, L.P.

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

 

    Cayman Islands

NUMBER OF SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    41,176,471 (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8       

SHARED DISPOSITIVE POWER

 

    41,176,471 (See Item 4)

9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    41,176,471 (See Item 4)

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)

 

    77.9% (See Item 4)

12  

TYPE OF REPORTING PERSON (See Instructions)

 

    PN

All percentages set forth on the cover pages to this Schedule 13G and elsewhere were calculated based on 52,846,176 shares outstanding as disclosed in U.S. Silica Holdings, Inc.’s quarterly report on Form 10-Q/A filed with the Commission on November 8, 2012.


CUSIP No. 90346E 103   13G   Page 8 of 16 Pages

 

1  

NAMES OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):

 

    GGC Opportunity Fund Management, L.P.

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

 

    Cayman Islands

NUMBER OF SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    41,176,471 (See Item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8       

SHARED DISPOSITIVE POWER

 

    41,176,471 (See Item 4)

9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    41,176,471 (See Item 4)

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)

 

    77.9% (See Item 4)

12  

TYPE OF REPORTING PERSON (See Instructions)

 

    PN

All percentages set forth on the cover pages to this Schedule 13G and elsewhere were calculated based on 52,846,176 shares outstanding as disclosed in U.S. Silica Holdings, Inc.’s quarterly report on Form 10-Q/A filed with the Commission on November 8, 2012.


CUSIP No. 90346E 103   13G   Page 9 of 16 Pages

 

1  

NAMES OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):

 

    GGC Opportunity Fund Management GP, 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

 

    Cayman Islands

NUMBER OF SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

SOLE VOTING POWER

 

    41,176,471 (See Item 4)

   6   

SHARED VOTING POWER

 

    0

   7   

SOLE DISPOSITIVE POWER

 

    41,176,471 (See Item 4)

   8       

SHARED DISPOSITIVE POWER

 

    0

9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    41,176,471 (See Item 4)

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)

 

    77.9% (See Item 4)

12  

TYPE OF REPORTING PERSON (See Instructions)

 

    CO

All percentages set forth on the cover pages to this Schedule 13G and elsewhere were calculated based on 52,846,176 shares outstanding as disclosed in U.S. Silica Holdings, Inc.’s quarterly report on Form 10-Q/A filed with the Commission on November 8, 2012.


 

CUSIP No. 90346E 103    13G    Page 10 of 16 Pages

 

Item 1(a) Name of Issuer:

U.S. Silica Holdings, Inc. (the “Company”).

 

Item 1(b) Address of Issuer’s Principal Executive Offices:

The Company’s principal executive offices are at 8490 Progress Drive, Suite 300, Frederick, Maryland 21701.

 

Item 2(a) Name of Person Filing:

GGC USS Holdings, LLC (the “parent LLC”), Golden Gate Capital Opportunity Fund, L.P. (“GGCOF”), Golden Gate Capital Opportunity Fund-A, L.P. (“GGCOF-A”), GGCOF Third Party Co-Invest, L.P. (“GGCOF Third Party Co-Invest”), GGCOF Co-Invest, L.P. (“GGCOF Co-Invest”), GGC Opportunity Fund Management, L.P. (“Fund GP”), GGCOF Co-Invest Management, L.P. (“Co-Invest GP”) and GGC Opportunity Fund Management GP, Ltd. (“Ultimate GP”) (collectively, the “Reporting Persons”).

The Reporting Persons have entered into a Joint Filing Agreement, dated February 14, 2013, a copy of which is attached as Exhibit A to this Statement, pursuant to which the Reporting Persons agreed to file this Schedule 13G and any amendments thereto jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act.

 

Item 2(b) Address of Principal Business Office or, if none, Residence:

The address of the principal business office of each of the Reporting Persons is c/o Golden Gate Private Equity, Inc., One Embarcadero Center, 39th Floor, San Francisco, California 94111.

 

Item 2(c) Citizenship:

The parent LLC is a limited liability company organized under the laws of the state of Delaware. The Funds, Fund GP and Co-Invest GP are limited partnerships organized under the laws of the Cayman Islands. Ultimate GP is an exempted company organized under the laws of the Cayman Islands.

 

Item 2(d) Title of Class of Securities:

Common Stock, par value $0.01 per share (the “Common Stock”)

 

Item 2(e) CUSIP Number:

90346E 103


 

CUSIP No. 90346E 103    13G    Page 11 of 16 Pages

 

Item 3 If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

       (a   ¨    Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
       (b   ¨    Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
       (c   ¨    Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
       (d   ¨    Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
       (e   ¨    An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).
       (f   ¨    An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
       (g   ¨    A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G).
       (h   ¨    A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
       (i   ¨    A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
       (j   ¨    Non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J).
       (k   ¨    Group, in accordance with §240.13d-1(b)(1)(ii)(K).

Not applicable.

 

Item 4 Ownership:

 

  (a) Amount beneficially owned: In the aggregate, GGCOF, GGCOF-A, GGCOF Third Party Co-Invest, GGCOF Co-Invest, Fund GP, Co-Invest GP and Ultimate GP (together, the “Funds”) beneficially own 41,176,471 shares of Common Stock indirectly through their ownership in the parent LLC. Interests in the parent LLC are held directly or indirectly by a private investor group, including the Funds, Paribas North America, Charles Shaver, Bryan A. Shinn, John Ulizio and William A. White. Although Paribas North America and Messrs. Shaver, Shinn, Ulizio and White do not have voting or dispositive power over the Common Stock held by the parent LLC, each owns interests of the parent LLC with varying rights to participate in distributions by the parent LLC.

The share ownership reported for the Reporting Persons does not include any shares of Common Stock owned directly by any investors in the parent LLC (other than the Funds).


 

CUSIP No. 90346E 103    13G    Page 12 of 16 Pages

 

Percent of class: In the aggregate, the Reporting Persons beneficially own 41,176,471 shares of the Common Stock, or 77.9% of the total number of shares outstanding.

 

  (b) Number of shares as to which such person has:

 

  (i) sole power to vote or to direct the vote: See Item 5 on the cover pages hereto.

 

  (ii) shared power to vote or to direct the vote: See Item 6 on the cover pages hereto.

 

  (iii) sole power to dispose or to direct the disposition of: See Item 7 on the cover pages hereto.

 

  (iv) shared power to dispose or to direct the disposition of: See Item 8 on the cover pages hereto.

 

Item 5 Ownership of Five Percent or Less of a Class:

Not Applicable.

 

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:

Not Applicable.

 

Item 8 Identification and Classification of Members of the Group:

As stated in Item 4 above, the parent LLC held 41,176,471 shares of Common Stock as of December 31, 2012, or 77.9% of the total number of shares of the Company outstanding. Interests in the parent LLC are held directly or indirectly by a private investor group, including the Funds, Paribas North America, Charles Shaver, Bryan A. Shinn, John Ulizio and William A. White. None of the members of the private investor group (other than the Funds) has either voting or dispositive power over any of the shares of Common Stock held by the parent LLC. The Reporting Persons may be deemed to be a member of a group exercising voting and investment control over shares of Common Stock held by the parent LLC.

 

Item 9 Notice of Dissolution of Group:

Not Applicable.

 

Item 10 Certification:

Not Applicable.


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, 2013

 

Golden Gate Capital Opportunity Fund, L.P.
Golden Gate Capital Opportunity Fund-A, L.P.
GGCOF Third-Party Co-Invest, L.P.
By:   GGC Opportunity Fund Management, L.P.
Its:   General Partner
By:  

GGC Opportunity Fund Management GP,

Ltd.

Its:   General Partner

/s/ David C. Dominik

By:   David C. Dominik
Its:   Director
GGC Opportunity Fund Management, L.P.
By:  

GGC Opportunity Fund Management GP,

Ltd.

Its:   General Partner

/s/ David C. Dominik

By:   David C. Dominik
Its:   Director
GGC Opportunity Fund Management GP, Ltd.

/s/ David C. Dominik

By:   David C. Dominik
Its:   Director


GGCOF Co-Invest, L.P.
By:   GGC Co-Invest Management, L.P.
Its:   General Partner
By:   GGC Opportunity Fund Management, L.P.
Its:   General Partner
By:  

GGC Opportunity Fund Management GP,

Ltd.

Its:   General Partner

/s/ David C. Dominik

By:   David C. Dominik
Its:   Director
GGC Co-Invest Management, L.P.
By:   GGC Opportunity Fund Management, L.P.
Its:   General Partner
By:  

GGC Opportunity Fund Management GP,

Ltd.

Its:   General Partner

/s/ David C. Dominik

By:   David C. Dominik
Its:   Director
GGC USS Holdings, LLC

/s/ David C. Dominik

By:   David C. Dominik
Its:   Authorized Signatory


Exhibit A

AGREEMENT REGARDING THE JOINT FILING OF SCHEDULE 13G

The undersigned hereby agree that a single Schedule 13G (or any amendment thereto) relating to the Common Stock of Express, Inc. may be filed on behalf of each of the undersigned and that this Agreement shall be filed as an exhibit to such Schedule 13G.

Date: February 14, 2013

 

Golden Gate Capital Opportunity Fund, L.P.
Golden Gate Capital Opportunity Fund-A, L.P.
GGCOF Third-Party Co-Invest, L.P.
By:   GGC Opportunity Fund Management, L.P.
Its:   General Partner
By:  

GGC Opportunity Fund Management GP,

Ltd.

Its:   General Partner

/s/ David C. Dominik

By:   David C. Dominik
Its:   Director
GGC Opportunity Fund Management, L.P.
By:  

GGC Opportunity Fund Management GP,

Ltd.

Its:   General Partner

/s/ David C. Dominik

By:   David C. Dominik
Its:   Director
GGC Opportunity Fund Management GP, Ltd.

/s/ David C. Dominik

By:   David C. Dominik
Its:   Director


GGCOF Co-Invest, L.P.
By:   GGC Co-Invest Management, L.P.
Its:   General Partner
By:   GGC Opportunity Fund Management, L.P.
Its:   General Partner
By:  

GGC Opportunity Fund Management GP,

Ltd.

Its:   General Partner

/s/ David C. Dominik

By:   David C. Dominik
Its:   Director
GGC Co-Invest Management, L.P.
By:   GGC Opportunity Fund Management, L.P.
Its:   General Partner
By:  

GGC Opportunity Fund Management GP,

Ltd.

Its:   General Partner

/s/ David C. Dominik

By:   David C. Dominik
Its:   Director
GGC USS Holdings, LLC

/s/ David C. Dominik

By:   David C. Dominik
Its:   Authorized Signatory