First Pacific Advisors Wins Big With Its Nexeo Solutions Inc. (NXEO) Bet

Name of
Reporting Persons:

First Pacific Advisors, LLC

Check the Appropriate Box if a Member
of a Group (See Instructions):

(a)  ☐        (b)  ☐

SEC Use Only:

Source of Funds (See
Instructions):

OO

Check if Disclosure of Legal
Proceedings is Required Pursuant to Items 2(d) or 2(e):

☐

Citizenship or Place of
Organization:

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

Sole Voting Power

0

Shared Voting Power

25,618,557 (1)

Sole Dispositive Power

0

Shared Dispositive Power

25,618,557 (1)

Aggregate Amount Beneficially Owned by Each Reporting Person:

25,618,557 (1)

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

☐

Percent of Class Represented by Amount
in Row (11):

28.5% (1)(2)

Type of Reporting Person (See
Instructions):

IA, OO

Includes 89,388 shares of common stock of Nexeo Solutions, Inc. (the Issuer) underlying warrants.
See Items 4 and 5 for disclosure regarding securities of the Issuer held directly by WLRS Fund I LLC.

Based on 89,734,146 shares of the Issuers common stock outstanding as of August 3, 2018, according
to the Issuers Form 10-Q filed with the Securities and Exchange Commission (the SEC) on August 7, 2018.