Nexeo Solutions Inc. (NXEO): First Pacific Advisors LLC Reports New Stake

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Robert Rodriguez And Steven Romick‘s First Pacific Advisors LLC recently acquired 24.9 million common shares of Nexeo Solutions Inc. (NASDAQ:NXEO), which account for 27.9% of the company’s outstanding shares, according to a recent 13D filing with the US SEC. Nexeo Solutions, which now represents a merger between WL Ross Holding Corp and  Nexeo Solutions Holdings, LLC, is a new addition to First Pacific Advisors’ portfolio. The filing also revealed that the fund will continue to further examine their investment in the company, and it may engage in discussions with the management, propose strategic alternatives and create proposals regarding company’s business plans.

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Nexeo Solutions is a company that distributes a variety of plastic and chemical products across different continents, while also offering many professional services such as product testing in the form of chemical analysis, private-label manufacturing, and custom blending to name a few. Over the past 12 months, the company’s stock has lost 10.65%. In its latest financial report for the second quarter of fiscal 2016, the company disclosed revenue of $862.2 million, which compares with revenue of $862.2 million for the second quarter of fiscal 2015.


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Among investors tracked by Insider Monkey, at the end of March, the most valuable position in Nexeo Solutions was held by Jeffrey Tannenbaum’s Fir Tree, valued at $48,89 million, and the second biggest position was disclosed by Joshua Friedman And Mitchell Julis’ Canyon Capital Advisors, worth around $39,12 million.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
First Pacific Advisors 0 24,893,357 0 24,893,357 24,893,357 27.9%
FPA Crescent Fund, a series of FPA Funds Trust 0 21,605,125 0 21,605,125 21,605,125 24.2%
FPA Global Opportunity Fund 0 816,923 0 816,923 816,923 0.9%
FPA Select Drawdown Fund 0 1,483,784 0 1,483,784 1,483,784 1.7%
FPA Select Fund 0 99,284 0 99,284 99,284 0.1%
FPA Value Partners Fund 0 241,848 0 241,848 241,848 0.3%
J. Richard Atwood 0 24,893,357 0 24,893,357 24,893,357 27.9%
Steven T. Romick 0 24,893,357 0 24,893,357 24,893,357 27.9%
Brian A. Selmo 0 24,893,357 0 24,893,357 24,893,357 27.9%
Mark Landecker 0 24,893,357 0 24,893,357 24,893,357 27.9%

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Page 1 of 22 – SEC Filing








(Amendment No.     )*




(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title and Class of Securities)


(CUSIP Number)

J. Richard Atwood

First Pacific Advisors, LLC

11601 Wilshire Blvd.

Suite 1200

Los Angeles,
CA 90025

(310) 473-0225

with a copy to:

Douglas A. Rappaport, Esq.

Akin Gump Strauss Hauer & Feld LLP

One Bryant Park

York, NY 10036

(212) 872-1000

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

June 8, 2016

(Date of
Event Which Requires Filing of 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 persons 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)

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