SCHEDULE: KKR Affiliates Maintain 22.6% Stake in BrightView
Beneficial Ownership Report Amendment
KKR and its affiliated entities have filed an amended Schedule 13G, confirming their beneficial ownership of 22.6% of BrightView Holdings, Inc.'s common stock.
Summary
- KKR and its affiliates, including KKR BrightView Aggregator L.P., beneficially own 21,533,123 shares of BrightView Holdings, Inc. Common Stock.
- This represents 22.6% of the outstanding shares of BrightView Holdings, Inc., based on 95,300,000 shares outstanding as of April 30, 2025.
- The filing is an Amendment No. 6 to the original Schedule 13G filed on February 13, 2019.
- Henry R. Kravis and George R. Roberts, as founding partners of KKR Management, are deemed beneficial owners but disclaim beneficial ownership of these securities.
- The filing also includes Powers of Attorney granted by Henry R. Kravis and George R. Roberts to specific KKR directors, officers, or employees for executing SEC filings.
Sentiment
Score: 5
Explanation: The filing is a routine amendment to a beneficial ownership report, indicating a stable, significant stake by a major investment firm. It contains no new positive or negative financial or operational information.
Future Outlook
NA
Industry Context
This Schedule 13G filing indicates a significant passive investment by KKR, a leading global investment firm, in BrightView Holdings, Inc., a major player in the commercial landscaping industry. Such filings are standard disclosures for institutional investors holding more than 5% of a company's stock, providing transparency on large ownership stakes without implying active control or strategic changes.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization of Agents | Henry R. Kravis and George R. Roberts have granted Powers of Attorney to Joseph Y. Bae, Scott C. Nuttall, Robert H. Lewin, Dane E. Holmes, Ryan D. Stork, Kathryn K. Sudol, and Christopher B. Lee. These attorneys-in-fact are authorized to execute and file SEC documents and other governmental filings on their behalf related to KKR & Co. Inc. securities and activities. This authorization is valid as long as the grantor is subject to filing requirements, unless revoked. | 2025-06-09 | Streamlines the process for KKR's key personnel to fulfill regulatory filing obligations for its founding partners, ensuring compliance and efficiency in SEC disclosures. |
Related Party Transactions
- The beneficial ownership is held through a complex structure of KKR affiliated entities, including KKR BrightView Aggregator L.P., KKR BrightView Aggregator GP LLC, KKR North America Fund XI L.P., KKR Associates North America XI L.P., KKR North America XI Limited, KKR Group Partnership L.P., KKR Group Holdings Corp., KKR Group Co. Inc., KKR & Co. Inc., and KKR Management LLP. Henry R. Kravis and George R. Roberts are deemed beneficial owners due to their roles as founding partners of KKR Management LLP.
Stakeholder Impact
- Shareholders of BrightView Holdings, Inc. are informed of the continued significant ownership stake held by KKR and its affiliates, which can be viewed as a sign of continued institutional confidence or a potential influence on corporate strategy.
Key Dates
| Date | Description |
|---|---|
| 2019-02-13 | Original Schedule 13G filing date. |
| 2020-02-14 | Amendment to Schedule 13G filing date. |
| 2021-02-12 | Amendment to Schedule 13G filing date. |
| 2022-02-10 | Amendment to Schedule 13G filing date. |
| 2023-02-13 | Amendment to Schedule 13G filing date. |
| 2024-11-13 | Amendment to Schedule 13G filing date. |
| 2025-04-30 | Date as of which BrightView Holdings, Inc. reported 95,300,000 shares of Common Stock outstanding in its Form 10-Q. |
| 2025-05-07 | Date BrightView Holdings, Inc. filed its Quarterly Report on Form 10-Q. |
| 2025-06-09 | Date of execution for Powers of Attorney by Henry R. Kravis and George R. Roberts. |
| 2025-06-30 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| 2025-08-08 | Filing date of this Amendment No. 6 to Schedule 13G. |
Keywords
BrightView Holdings, KKR, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Ownership, SEC Filing, Investment Firm
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