SCHEDULE 13G/A: TPG Entities Disclose 10.8% Stake in Viking Holdings Ltd
Beneficial Ownership Report (Schedule 13G Amendment)
TPG GP A, LLC, along with James G. Coulter and Jon Winkelried, have disclosed a beneficial ownership of 10.8% in Viking Holdings Ltd, totaling 32,858,044 ordinary shares as of December 31, 2024.
Summary
- TPG GP A, LLC, James G. Coulter, and Jon Winkelried (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Viking Holdings Ltd.
- The Reporting Persons collectively beneficially own 32,858,044 Ordinary Shares of Viking Holdings Ltd.
- This ownership represents 10.8% of the Issuer's Ordinary Shares outstanding.
- The percentage is based on a total of 303,832,404 Ordinary Shares outstanding as of September 30, 2024, as reported by Viking Holdings Ltd in its Form 6-K filed on November 19, 2024.
- The shares are directly held by TPG VII Valhalla, L.P., with TPG GP A, LLC, James G. Coulter, and Jon Winkelried deemed to beneficially own the shares due to their control relationships, though Messrs. Coulter and Winkelried disclaim beneficial ownership except to the extent of their pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative performance indicators.
Future Outlook
This document is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the Issuer's future performance or outlook.
Industry Context
This Schedule 13G filing indicates a significant passive investment stake by TPG, a prominent global alternative asset firm, in Viking Holdings Ltd. Such filings are standard disclosures required when an entity or group acquires more than 5% of a company's voting shares, providing transparency to the market about major ownership positions. This type of filing typically reflects an investment decision rather than operational or strategic changes within the issuer's industry.
Related Party Transactions
- The filing details the hierarchical relationship through which TPG GP A, LLC, James G. Coulter, and Jon Winkelried are deemed to beneficially own shares held by TPG VII Valhalla, L.P., illustrating the control structure of the investment.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant ownership stake by a major investment firm, which can influence market perception and potentially signal confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 2024-09-30 | Date as of which 303,832,404 Ordinary Shares of Viking Holdings Ltd were reported outstanding in the Issuer's Form 6-K. |
| 2024-11-19 | Date Viking Holdings Ltd filed its Form 6-K with the SEC, reporting outstanding shares. |
| 2024-12-31 | Date of event which requires the filing of this Schedule 13G Amendment, representing the reporting period end date for beneficial ownership. |
| 2025-02-13 | Date this Amendment No. 1 to Schedule 13G was filed with the SEC. |
Keywords
Viking Holdings Ltd, TPG GP A, James G. Coulter, Jon Winkelried, Beneficial Ownership, Schedule 13G, Ordinary Shares, SEC Filing, Investment, Equity Stake
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