- Amended tender offer statement by Third Party (SC TO-T/A)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE TO

TENDER OFFER STATEMENT

UNDER SECTION 14(d)(1) OR SECTION 13(e)(1) OF THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

 

 

THE GYMBOREE CORPORATION

(Names of Subject Company)

 

 

GIRAFFE ACQUISITION CORPORATION

(Name of Filing Persons (Offeror))

a wholly owned direct subsidiary of

GIRAFFE HOLDING, INC.

(Name of Filing Persons (Parent of Offeror and Co-Offeror))

 

 

BAIN CAPITAL FUND X, L.P.

(Names of Filing Persons (Other Person and Co-Offeror))

 

 

COMMON STOCK, $0.001 PAR VALUE PER SHARE

(Title of Class of Securities)

403777105

(CUSIP Number of Class of Securities)

 

 

Giraffe Holding, Inc.

Giraffe Acquisition Corporation

c/o Bain Capital Partners, LLC

111 Huntington Avenue

Boston, MA 02199

Attention: Jordan Hitch

[phone]

(Name, address and telephone number of person authorized

to receive notices and communications on behalf of filing persons)

 

 

with copies to:

R. Newcomb Stillwell, Esq.

Jonathan Grandon, Esq.

Ropes & Gray LLP

800 Boylston Street

Boston, Massachusetts 02199

Phone: [phone]

 

 

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CALCULATION OF FILING FEE

 

Transaction Valuation*		Amount of Filing Fee**
$1,830,219,981		$130,494.68

*

Calculated solely for purposes of determining the filing fee. The transaction valuation was calculated by multiplying the offer price of $65.40 per share of common stock of The Gymboree Corporation, par value $0.001 per share, (“Shares”) by 27,985,015 Shares, which is the sum of (i) 27,374,059 Shares issued outstanding (including 956,540 restricted shares) and (ii) 610,956 Shares authorized and reserved for issuance (including Options to purchase 235,983 Shares and outstanding restricted stock units with respect to 374,973 Shares).

 

**	The filing fee, calculated in accordance with Rule 0-11 of the Securities Exchange Act of 1934, as amended, and Fee Rate Advisory #4 for fiscal year 2010, issued December 17, 2009, is calculated by multiplying the Transaction Valuation by .0000713.

 

þ	Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

 

Amount Previously Paid: $130,494.68		Filing Party: Giraffe Holding, Inc.
Form or Registration No.: Schedule TO		Date Filed: October 25, 2010

 

¨	Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

 

þ	third-party tender offer subject to Rule 14d-1.

 

¨	issuer tender offer subject to Rule 13e-4.

 

¨	going-private transaction subject to Rule 13e-3.

 

¨	amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer: ¨

 

 

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This Amendment No. 2 (this “Amendment”) amends and supplements the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on October 25, 2010 (which, together with this Amendment, Amendment No. 1, filed November 8, 2010, and any subsequent amendments and supplements thereto, collectively constitute this “Schedule TO”). This Schedule TO relates to the tender offer by Giraffe Acquisition Corporation, a Delaware corporation (“Purchaser”) and a wholly owned direct subsidiary of Giraffe Holding, Inc., a Delaware corporation (“Parent”), which is controlled by Bain Capital Fund X, L.P., a Cayman Islands exempted limited partnership (“Bain Capital”), together with Parent and Bain Capital, each as co-bidders hereunder, for all of the outstanding shares of common stock, per value $0.001 per share (“Shares”), of The Gymboree Corporation, a Delaware corporation (“Gymboree”), at a price of $65.40 per share, net to the seller in cash, without interest thereon and less any applicable withholding taxes, upon the terms and conditions set forth in the offer to purchase dated October 25, 2010, attached hereto as Exhibit (a)(1)(A) (which, together with the supplement described below and any subsequent amendments and supplements thereto, collectively constitute the “Offer to Purchase”), and in the related letter of transmittal (the “Letter of Transmittal”), a copy of which is attached as Exhibit (a)(1)(B), which, as each may be amended or supplemented from time to time, collectively constitute the “Offer.”

All the information set forth in the Offer to Purchase is incorporated by reference herein in response to Items 1 through 9 and Item 11 of this Schedule TO, and is supplemented by the information specifically provided in this Schedule TO.

 

Item	11. Additional Information.

(a)(5) Item 11 of this Schedule TO is hereby amended and supplemented as follows:

The information set forth in “Section 16. Certain Legal Matters; Regulatory Approvals” of the Offer to Purchase is hereby amended and supplemented by inserting at the end of the disclosure under the heading “Legal Proceedings” the following paragraph:

“While we and the Company believe that each of the aforementioned complaints is without merit and that it and the other defendants named therein (collectively with the Company, the “Defendants”) have valid defenses to all claims, in an effort to minimize the burden and expense of further litigation relating to such complaints, on November 12, 2010, the Defendants reached an agreement in principle with the plaintiffs in the actions (collectively, the “Plaintiffs”) to settle the litigation in its entirety and resolve all allegations by the Plaintiffs against the Defendants in connection with the Offer, the Merger and the other transactions contemplated by the Merger Agreement. The settlement, which is subject to further definitive documentation and court approval, provides for a settlement and release by the purported class of the Company’s stockholders of all claims against the Defendants in connection with the Offer, the Merger and the other transactions contemplated by the Merger Agreement. In exchange for such settlement and release, the parties agreed, after arm’s length discussions between and among the Defendants and the Plaintiffs, that the Company would provide additional supplemental disclosures to its Schedule 14D-9 (such disclosures being set forth in an amendment thereto), although the Company does not make any admission that such additional supplemental disclosures are material or otherwise required. After reaching agreement on the substantive terms of the settlement, the parties also agreed that Plaintiffs may apply to the court for an award of attorneys’ fees and reimbursement of expenses, which, under certain circumstances, Defendants have agreed not to oppose. In the event the settlement is not approved by the court or the conditions to settlement are not satisfied, the Defendants will continue to vigorously defend these actions.”

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SIGNATURES

After due inquiry and to the best of their knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: November 12, 2010

GIRAFFE ACQUISITION CORPORATION

By: /s/ JORDAN HITCH                                                         

Name: Jordan Hitch

Title: Vice President and Secretary

GIRAFFE HOLDING, INC.

By: /s/ JORDAN HITCH                                                         

Name: Jordan Hitch

Title: Vice President and Secretary

BAIN CAPITAL FUND X, L.P.

BY: BAIN CAPITAL PARTNERS X, L.P.

    ITS GENERAL PARTNER

BY: BAIN CAPITAL INVESTORS, LLC

    ITS GENERAL PARTNER

By: /s/ JORDAN HITCH                                                         

Name: Jordan Hitch

Title: A Duly Authorized Representative

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EXHIBIT INDEX

 

Exhibit No.		Description
(a)(1)(A)		Offer to Purchase, dated October 25, 2010.*
(a)(1)(B)		Letter of Transmittal.*
(a)(1)(C)		Letter from the Information Agent to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.*
(a)(1)(D)		Letter to Clients for Use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.*
(a)(1)(E)		Joint Press Release issued by Giraffe Holding, Inc., Giraffe Acquisition Corporation and The Gymboree Corporation on October 11, 2010 (incorporated by reference to Exhibit 99.1 to the Current Report on Form 8-K filed by The Gymboree Corporation with the Securities and Exchange Commission on October 12, 2010) .*
(a)(1)(F)		Summary Advertisement as published in the Wall Street Journal on October 25, 2010.*
(a)(1)(G)		Joint Press Release issued by Bain Capital Partners, LLC and The Gymboree Corporation on October 25, 2010.*
(a)(1)(H)		Supplement No. 1 to Offer to Purchase, dated November 8, 2010.**
(a)(5)(A)		Complaint filed by Scott Halliday, on behalf of himself and all other similarly situated, on October 12, 2010, in the Superior Court of the State of California, County of San Francisco.*
(a)(5)(B)		Complaint filed by Daniel Himmel, on behalf of himself and all other similarly situated, on October 12, 2010, in the Superior Court of the State of California, County of San Francisco.*
(a)(5)(C)		Complaint filed by Gregory Harris, on behalf of himself and all other similarly situated, on October 18, 2010, in the Superior Court of the State of California, County of San Francisco.*
(b)(1)		Amended and Restated Debt Commitment Letter, dated as of October 22, 2010, from Credit Suisse Securities (USA) LLC, Credit Suisse AG, Morgan Stanley Senior Funding, Inc., Morgan Stanley & Co. Incorporated, Banc of America Securities LLC and Bank of America, N.A.*
(b)(2)		Equity Commitment Letter, dated as of October 11, 2010, from Bain Capital Fund X,, L.P. to Giraffe Holding, Inc.*
(b)(3)		Limited Guaranty, dated as of October 11, 2010, delivered by Bain Capital Fund X, L.P. in favor of The Gymboree Corporation.*
(d)(1)		Agreement and Plan of Merger, dated as of October 11, 2010, by and among Giraffe Holding, Inc., Giraffe Acquisition Corporation and The Gymboree Corporation (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by The Gymboree Corporation with the Securities and Exchange Commission on October 12, 2010) .*
(d)(2)		Confidentiality Agreement, dated August 9, 2010, between Bain Capital Partners, LLC and The Gymboree Corporation.*
(d)(3)		Amendment to Confidentiality Agreement, dated as of September 13, 2010, between The Gymboree Corporation and Bain Capital Partners, LLC.*
(g)		None
(h)		None

 

*	Previously filed with the Tender Offer Statement on Schedule TO filed on October 25, 2010.

 

**	Previously filed with Amendment No. 1 to the Tender Offer Statement on Schedule TO filed on November 8, 2010.