Securities and Exchange Commission

Washington, D.C. 20549

 

 

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No.     )*

 

 

ironSource Ltd.

(Name of Issuer)

Class A ordinary shares

(Title of Class of Securities)

M5R75Y101

(CUSIP Number)

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

Rule 13d-1(b)

 

Rule 13d-1(c)

 

Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in 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).

 

 

 


CUSIP No. M5R75Y101    Schedule 13G    Page 1 of 16

 

  1    

  Names of Reporting Person

 

  CVC Capital Partners VII Limited

  2  

  Check the Appropriate Box if a Member of a Group

 

  (a)  ☐        (b)  ☐

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Jersey

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  249,776,810

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  249,776,810

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  249,776,810

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  31.0%

12  

  Type of Reporting Person

 

  CO


CUSIP No. M5R75Y101    Schedule 13G    Page 2 of 16

 

  1    

  Names of Reporting Person

 

  CVC Capital Partners VII Associates L.P.

  2  

  Check the Appropriate Box if a Member of a Group

 

  (a)  ☐        (b)  ☐

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Jersey

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  249,776,810

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  249,776,810

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  249,776,810

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  31.0%

12  

  Type of Reporting Person

 

  PN


CUSIP No. M5R75Y101    Schedule 13G    Page 3 of 16

 

  1    

  Names of Reporting Person

 

  CVC Capital Partners Investment Europe VII L.P.

  2  

  Check the Appropriate Box if a Member of a Group

 

  (a)  ☐        (b)  ☐

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Jersey

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  249,776,810

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  249,776,810

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  249,776,810

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  31.0%

12  

  Type of Reporting Person

 

  PN


CUSIP No. M5R75Y101    Schedule 13G    Page 4 of 16

 

  1    

  Names of Reporting Person

 

  CVC Capital Partners VII (A), L.P.

  2  

  Check the Appropriate Box if a Member of a Group

 

  (a)  ☐        (b)  ☐

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Jersey

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  249,776,810

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  249,776,810

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  249,776,810

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  31.0%

12  

  Type of Reporting Person

 

  PN


CUSIP No. M5R75Y101    Schedule 13G    Page 5 of 16

 

  1    

  Names of Reporting Person

 

  CVC Growth Partners GP Limited

  2  

  Check the Appropriate Box if a Member of a Group

 

  (a)  ☐        (b)  ☐

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Jersey

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  249,776,810

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  249,776,810

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  249,776,810

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  31.0%

12  

  Type of Reporting Person

 

  CO


CUSIP No. M5R75Y101    Schedule 13G    Page 6 of 16

 

  1    

  Names of Reporting Person

 

  CVC Growth Partners Associates L.P.

  2  

  Check the Appropriate Box if a Member of a Group

 

  (a)  ☐        (b)  ☐

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Jersey

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  249,776,810

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  249,776,810

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  249,776,810

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  31.0%

12  

  Type of Reporting Person

 

  PN

 


CUSIP No. M5R75Y101    Schedule 13G    Page 7 of 16

 

  1    

  Names of Reporting Person

 

  CVC Growth Partners L.P.

  2  

  Check the Appropriate Box if a Member of a Group

 

  (a)  ☐        (b)  ☐

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Jersey

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  249,776,810

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  249,776,810

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  249,776,810

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  31.0%

12  

  Type of Reporting Person

 

  PN

 


CUSIP No. M5R75Y101    Schedule 13G    Page 8 of 16

 

  1    

  Names of Reporting Person

 

  Appsource Holdings Jersey Limited

  2  

  Check the Appropriate Box if a Member of a Group

 

  (a)  ☐        (b)  ☐

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Jersey

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  249,776,810

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  249,776,810

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  249,776,810

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  31.0%

12  

  Type of Reporting Person

 

  CO

 


CUSIP No. M5R75Y101    Schedule 13G    Page 9 of 16

 

  1    

  Names of Reporting Person

 

  App Holdings S.à r.l.

  2  

  Check the Appropriate Box if a Member of a Group

 

  (a)  ☐        (b)  ☐

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Luxembourg

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  249,776,810

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  249,776,810

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  249,776,810

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  31.0%

12  

  Type of Reporting Person

 

  OO

 


CUSIP No. M5R75Y101    Schedule 13G    Page 10 of 16

 

  1    

  Names of Reporting Person

 

  App Investments S.à r.l.

  2  

  Check the Appropriate Box if a Member of a Group

 

  (a)  ☐        (b)  ☐

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Luxembourg

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  249,776,810

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  249,776,810

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  249,776,810

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  31.0%

12  

  Type of Reporting Person

 

  OO

 


CUSIP No. M5R75Y101    Schedule 13G    Page 11 of 16

 

ITEM 1.

(A)   NAME OF ISSUER:

ironSource Ltd. (the “Issuer”).

 

  (b)

Address of Issuer’s Principal Executive Offices:

121 Menachem Begin Street

Tel Aviv 6701203, Israel

 

ITEM 2.

(a)   Name of Person Filing:

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

 

  1.

CVC Capital Partners VII Limited;

 

  2.

CVC Capital Partners VII Associates L.P.;

 

  3.

CVC Capital Partners Investment Europe VII L.P.;

 

  4.

CVC Capital Partners VII (A), L.P. (together with CVC Capital Partners VII Associates L.P. and CVC Capital Partners Investment Europe VII L.P., “CVC Fund VII”);

 

  5.

CVC Growth Partners GP Limited;

 

  6.

CVC Growth Partners Associates L.P.

 

  7.

CVC Growth Partners L.P. (together with CVC Growth Partners Associates L.P., “CVC Growth Fund I”);

 

  8.

Appsource Holdings Jersey Limited;

 

  9.

App Holdings S.à r.l.; and

 

  10.

App Investments S.à r.l. (“App Investments”).

 

  (b)

Address or Principal Business Office:

The principal business address of the Reporting Persons under 1 through 8 is 27 Esplanade, St. Helier, JE1 1SG, Jersey.

The principal business address of the Reporting Persons under 9 and 10 is 20 avenue Monterey, Luxembourg, L-2163.

 

  (c)

Citizenship of each Reporting Person is:

The Reporting Persons under 1 through 8 are organized under the laws of Jersey and the Reporting Persons under 9 and 10 are organized under the laws of Luxembourg.


CUSIP No. M5R75Y101    Schedule 13G    Page 12 of 16

 

  (d)

Title of Class of Securities:

Class A ordinary shares, no par value (“Class A Ordinary Shares”)

 

  (e)

CUSIP Number:

M5R75Y101

 

ITEM 3.

Not applicable.

 

ITEM 4.

Ownership.

(a-c)

The ownership information presented below represents beneficial ownership of Ordinary Shares of the Issuer as of the date hereof, based upon 679,863,819 Class A Ordinary Shares outstanding as of July 25, 2022 based on the Notice of Annual General Meeting of Shareholders of the Issuer filed with the Securities and Exchange Commission on July 27, 2022.

 

Reporting Person   

Amount

beneficially

owned

    

Percent

of class:

    Sole
power
to vote
or to
direct
the vote:
    

Shared

power to

vote or to
direct the
vote:

    

Sole
power to
dispose or
to direct
the
disposition

of:

    

Shared

power to

dispose or

to direct

the

disposition

of:

 

CVC Capital Partners VII Limited

     249,776,810        31.0     0        249,776,810        0        249,776,810  

CVC Capital Partners VII Associates L.P.

     249,776,810        31.0     0        249,776,810        0        249,776,810  

CVC Capital Partners Investment Europe VII L.P.

     249,776,810        31.0     0        249,776,810        0        249,776,810  

CVC Capital Partners VII (A), L.P.

     249,776,810        31.0     0        249,776,810        0        249,776,810  

CVC Growth Partners GP Limited

     249,776,810        31.0     0        249,776,810        0        249,776,810  

CVC Growth Partners Associates L.P.

     249,776,810        31.0     0        249,776,810        0        249,776,810  

CVC Growth Partners L.P.

     249,776,810        31.0     0        249,776,810        0        249,776,810  

Appsource Holdings Jersey Limited

     249,776,810        31.0     0        249,776,810        0        249,776,810  

App Holdings S.a´.r.l.

     249,776,810        31.0     0        249,776,810        0        249,776,810  

App Investments S.a´.r.l.

     249,776,810        31.0     0        249,776,810        0        249,776,810  

App Investments is the record holder of 124,888,405 Class A Ordinary Shares and 124,888,405 Class B ordinary shares of the Issuer, each of which is convertible into one Class A Ordinary Share at the election of the holder.


CUSIP No. M5R75Y101    Schedule 13G    Page 13 of 16

 

The majority owner of App Investments is App Holdings S.à r.l., which is wholly owned by Appsource Holdings Jersey Limited, which is wholly owned by CVC Fund VII and CVC Growth Fund I. CVC Capital Partners VII Limited is the sole general partner of each of the limited partnerships comprising CVC Fund VII, and CVC Growth Partners GP Limited is the general partner of each of the limited partnerships comprising CVC Growth Fund I. As a result, each of the foregoing entities may be deemed to share beneficial ownership of the securities held by App Investments. The board of directors of App Investments, composed of Stefan Moosmann, Carmen André and Caroline Goergen, exercises voting and investment authority with respect to the subject ordinary shares. CVC Capital Partners VII Limited is managed by a four member board of directors. CVC Growth Partners GP Limited is managed by a five member board of directors. Each of the foregoing individuals disclaims beneficial ownership of the securities beneficially owned by CVC Capital Partners VII Limited and CVC Growth Partners GP Limited.

 

ITEM 5.

Ownership of Five Percent or Less of a Class.

Not applicable.

 

ITEM 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

 

ITEM 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

 

ITEM 8.

Identification and Classification of Members of the Group.

Not applicable.

 

ITEM 9.

Notice of Dissolution of Group.

Not applicable.

 

ITEM 10.

Certification.

Not applicable.


CUSIP No. M5R75Y101    Schedule 13G    Page 14 of 16

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:    August 16, 2022

 

CVC Capital Partners VII Limited
By:  

/s/ Jonathan George Wrigley

Name:   Jonathan George Wrigley
Title:   Director
CVC Capital Partners VII Associates L.P.
By: CVC Capital Partners VII Limited, its general partner
By:  

/s/ Jonathan George Wrigley

Name:   Jonathan George Wrigley
Title:   Director
CVC Capital Partners Investment Europe VII L.P.
By: CVC Capital Partners VII Limited, its general partner
By:  

/s/ Jonathan George Wrigley

Name:   Jonathan George Wrigley
Title:   Director
CVC Capital Partners VII (A), L.P.
By: CVC Capital Partners VII Limited, its general partner
By:  

/s/ Jonathan George Wrigley

Name:   Jonathan George Wrigley
Title:   Director
CVC Growth Partners GP Limited
By:  

/s/ Jonathan George Wrigley

Name:   Jonathan George Wrigley
Title:   Director


CUSIP No. M5R75Y101    Schedule 13G    Page 15 of 16

 

CVC Growth Partners Associates L.P.
By:   CVC Growth Partners GP Limited, its general partner
By:  

/s/ Jonathan George Wrigley

Name:   Jonathan George Wrigley
Title:   Director
CVC Growth Partners L.P.
By:   CVC Growth Partners GP Limited, its general partner
By:  

/s/ Jonathan George Wrigley

Name:   Jonathan George Wrigley
Title:   Director
Appsource Holdings Jersey Limited
By:  

/s/ John Cosnett

Name:   John Cosnett
Title:   Director
App Holdings S.à r.l.
By:  

/s/ Caroline Goergen

Name:   Caroline Goergen
Title:   Director
By:  

/s/ Carmen André

Name:   Carmen André
Title:   Director
App Investments S.à r.l
By:  

/s/ Carmen André

Name:   Carmen André
Title:   Director


CUSIP No. M5R75Y101    Schedule 13G    Page 16 of 16

 

LIST OF EXHIBITS

 

Exhibit No.

  

Description

99    Joint Filing Agreement.
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