SC 13G

CUSIP No. M97628107

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b),

(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)

(Amendment No.     )*

 

 

WalkMe Ltd.

(Name of Issuer)

Ordinary Shares, no par value

(Title of Class of Securities)

M97628107

(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 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. M97628107

 

  1.    

  NAMES OF REPORTING PERSONS

 

  Mangrove III Investments S.a.r.l.

  2.  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (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

 

  5,638,420

   7   

  SOLE DISPOSITIVE POWER

 

  0

   8   

  SHARED DISPOSITIVE POWER

 

  5,638,420

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  5,638,420

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  6.8% (1)

12.  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  OO

 

(1)

Based on 82,652,098 Ordinary Shares after the completion of the Issuer’s initial public offering, as reported in the Final Prospectus on Form 424B4 filed with the Securities and Exchange Commission on June 16, 2021.

 

2


CUSIP No. M97628107

 

  1.    

  NAMES OF REPORTING PERSONS

 

  Mangrove V Investments S.a.r.l.

  2.  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (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

 

  639,934

   7   

  SOLE DISPOSITIVE POWER

 

  0

   8   

  SHARED DISPOSITIVE POWER

 

  639,934

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  639,934

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  0.8% (1)

12.  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  OO

 

(1)

Based on 82,652,098 Ordinary Shares after the completion of the Issuer’s initial public offering, as reported in the Final Prospectus on Form 424B4 filed with the Securities and Exchange Commission on June 16, 2021.

 

3


CUSIP No. M97628107

 

  1.    

  NAMES OF REPORTING PERSONS

 

  Mangrove III S.C.A. SICAR (in liquidation)

  2.  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (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

 

  5,638,420 (1)

   7   

  SOLE DISPOSITIVE POWER

 

  0

   8   

  SHARED DISPOSITIVE POWER

 

  5,638,420 (1)

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  5,638,420 (1)

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  6.8% (2)

12.  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN

 

(1)

Held by Mangrove III Investments S.a.r.l.

(2)

Based on 82,652,098 Ordinary Shares after the completion of the Issuer’s initial public offering, as reported in the Final Prospectus on Form 424B4 filed with the Securities and Exchange Commission on June 16, 2021.                

 

4


CUSIP No. M97628107

 

  1.    

  NAMES OF REPORTING PERSONS

 

  Mangrove V (SCA), RAIF

  2.  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (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

 

  639,934 (1)

   7   

  SOLE DISPOSITIVE POWER

 

  0

   8   

  SHARED DISPOSITIVE POWER

 

  639,934 (1)

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  639,934 (1)

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  0.8% (2)

12.  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN

 

(1)

Held by Mangrove V Investments S.a.r.l.

(2)

Based on 82,652,098 Ordinary Shares after the completion of the Issuer’s initial public offering, as reported in the Final Prospectus on Form 424B4 filed with the Securities and Exchange Commission on June 16, 2021.                

 

 

5


CUSIP No. M97628107

 

  1.    

  NAMES OF REPORTING PERSONS

 

  Mangrove III Management S.A.

  2.  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (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

 

  5,638,420 (1)

   7   

  SOLE DISPOSITIVE POWER

 

  0

   8   

  SHARED DISPOSITIVE POWER

 

  5,638,420 (1)

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  5,638,420 (1)

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  6.8% (2)

12.  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN

 

(1)

Held by Mangrove III Investments S.a.r.l.

(2)

Based on 82,652,098 Ordinary Shares after the completion of the Issuer’s initial public offering, as reported in the Final Prospectus on Form 424B4 filed with the Securities and Exchange Commission on June 16, 2021.

 

6


CUSIP No. M97628107

 

  1.    

  NAMES OF REPORTING PERSONS

 

  Mangrove Capital Partners S.A.

  2.  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (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

 

  639,934 (1)

   7   

  SOLE DISPOSITIVE POWER

 

  0

   8   

  SHARED DISPOSITIVE POWER

 

  639,934 (1)

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  639,934 (1)

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  0.8% (2)

12.  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN

 

(1)

Held by Mangrove V Investments S.a.r.l.

(2)

Based on 82,652,098 Ordinary Shares after the completion of the Issuer’s initial public offering, as reported in the Final Prospectus on Form 424B4 filed with the Securities and Exchange Commission on June 16, 2021.                

 

7


CUSIP No. M97628107

 

SCHEDULE 13G

 

Item 1(a).

Name of Issuer:

WalkMe Ltd., a company formed under the laws of Israel

 

Item 1(b).

Address of Issuer’s Principal Executive Offices:

1 Walter Moses Street

Tel Aviv, 6789903, Israel

 

Item 2(a).

Name of Person Filing:

This statement is being filed by the following persons (each a “Reporting Person” and, collectively, the “Reporting Persons”):

 

  (i)

Mangrove III Investments S.à.r.l., a Luxembourg private limited liability company (”Mangrove III”)

 

  (ii)

Mangrove V Investments S.à.r.l., a Luxembourg private limited liability company (“Mangrove V”)

 

  (iii)

Mangrove III S.C.A. SICAR (in liquidation), a Luxembourg partnership limited by shares

 

  (iv)

Mangrove V (SCA), RAIF, a Luxembourg partnership limited by shares

 

  (v)

Mangrove III Management S.A., a Luxembourg public limited company

 

  (vi)

Mangrove Capital Partners S.A., a Luxembourg public limited company

Mangrove III and Mangrove V are the direct holders of the securities reported herein.

Mangrove III S.C.A. SICAR is the owner of 100% of the share capital of Mangrove III. Mangrove III Management S.A is the liquidator of Mangrove III S.C.A. SICAR (in liquidation). The members of the board of directors of Mangrove III Management S.A. are Mark Tluszcz, Hans-Jürgen Schmitz and Willibrord Ehses. As a result of these relationships, each of Mangrove III S.C.A. SICAR, Mangrove III Management S.A and Messrs. Tluszcz, Schmitz and Ehses may be deemed to share voting and dispositive power with respect to the securities held by Mangrove III.

Mangrove V (SCA), RAIF is the owner of 100% of the share capital of Mangrove V. Mangrove Capital Partners S.A. is the manager of Mangrove V (SCA), RAIF. The members of the board of directors of Mangrove Capital Partners S.A. are Mark Tluszcz, Hans-Jürgen Schmitz, Michael Rabinowicz and Gerardo Lopez Fojaca. As a result of these relationships, each of Mangrove V (SCA), RAIF, Mangrove Capital Partners S.A. and Messrs. Tluszcz, Schmitz, Rabinowicz and Lopez Fojaca may be deemed to share voting and dispositive power with respect to the securities held by Mangrove V.

The Reporting Persons are making this single, joint filing because they may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Act”), however this filing shall not be deemed an affirmation that such a group exists for the purposes of the Act or for any other purpose, and each Reporting Person and individual named herein expressly disclaims beneficial ownership of any securities beneficially owned by any other entity or person. The Reporting Persons have entered into a Joint Filing Agreement, pursuant to which the Reporting Persons have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k)(1) promulgated under the Act. The Joint Filing Agreement among the Reporting Persons is attached hereto as Exhibit A.

 

Item 2(b).

Address of Principal Business Office or, if None, Residence:

For each Reporting Person: 31 Boulevard Joseph II, L-1840, Luxembourg

 

Item 2(c).

Citizenship:

Each Reporting Person is organized under the laws of Luxembourg.

 

Item 2(d).

Title of Class of Securities:

Ordinary Shares, no par value

 

8


CUSIP No. M97628107

 

Item 2(e).

CUSIP Number:

M97628107

 

Item 3.

For statements filed pursuant to Rule 13d-1(b) or Rule 13d-2(b) or (c).

Not applicable.

 

Item 4.

Ownership.

The information requested in this Item is incorporated herein by reference to the cover pages to this Schedule 13G.

 

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.

 

9


CUSIP No. M97628107

 

SIGNATURE

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

Dated: January 19, 2022

 

MANGROVE III INVESTMENTS S.À.R.L.
By:  

/s/ Hans-Jürgen Schmitz

Name: Hans-Jürgen Schmitz
Title: Manager

 

By:   /s/ Willibrord Ehses
Name:Willibrord Ehses
Title: Manager

 

MANGROVE V INVESTMENTS S.À.R.L.

By:

 

/s/ Hans-Jürgen Schmitz

Name: Hans-Jürgen Schmitz
Title: Manager
By:  

/s/ Willibrord Ehses

Name: Willibrord Ehses
Title: Manager

 

MANGROVE III S.C.A. SICAR (IN LIQUIDATION)

Represented by Mangrove III Management S.A.

By:

 

/s/ Hans-Jürgen Schmitz

Name: Hans-Jürgen Schmitz
Title: Director
By:   /s/ Willibrord Ehses

Name: Willibrord Ehses

Title: Director

 

MANGROVE V (SCA), RAIF
Represented by Mangrove Capital Partners S.A.
By:  

/s/ Hans-Jürgen Schmitz

Name: Hans-Jürgen Schmitz
Title: Director
By:  

/s/ Michael Rabinowicz

Name: Michael Rabinowicz

Title: Director

 

10


CUSIP No. M97628107

 

MANGROVE III MANAGEMENT S.A.

By:

 

/s/ Hans-Jürgen Schmitz

Name: Hans-Jürgen Schmitz

Title: Director

By:

 

/s/ Willibrord Ehses

Name: Willibrord Ehses

Title: Director

 

MANGROVE CAPITAL PARTNERS S.A.

By:

 

/s/ Hans-Jürgen Schmitz

Name: Hans-Jürgen Schmitz

Title: Director

By:

 

/s/ Michael Rabinowicz

Name: Michael Rabinowicz

Title: Director

 

 

11

EX-99.A

CUSIP No. M97628107

 

EXHIBIT A

JOINT FILING AGREEMENT

The undersigned hereby agree that the Schedule 13G to which this Agreement is annexed as Exhibit A, and any amendments thereto, is and will be filed on behalf of each of them in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.

Dated: January 19, 2022

 

MANGROVE III INVESTMENTS S.À.R.L.
By:  

/s/ Hans-Jürgen Schmitz

Name: Hans-Jürgen Schmitz
Title: Manager
By:  

/s/ Willibrord Ehses

Name: Willibrord Ehses
Title: Manager

 

MANGROVE V INVESTMENTS S.À.R.L.
By:  

/s/ Hans-Jürgen Schmitz

Name: Hans-Jürgen Schmitz
Title: Manager
By:  

/s/ Willibrord Ehses

Name: Willibrord Ehses
Title: Manager

 

MANGROVE III S.C.A. SICAR (IN LIQUIDATION)
Represented by Mangrove III Management S.A.
By:  

/s/ Hans-Jürgen Schmitz

Name: Hans-Jürgen Schmitz
Title: Director
By:  

/s/ Willibrord Ehses

Name: Willibrord Ehses
Title: Director
MANGROVE V (SCA), RAIF
Represented by Mangrove Capital Partners S.A.
By:  

/s/ Hans-Jürgen Schmitz

Name: Hans-Jürgen Schmitz
Title: Director
By:  

/s/ Michael Rabinowicz

Name: Michael Rabinowicz
Title: Director

 

12


CUSIP No. M97628107

 

MANGROVE III MANAGEMENT S.A.
By:   /s/ Hans-Jürgen Schmitz
Name: Hans-Jürgen Schmitz
Title: Director
By:   /s/ Willibrord Ehses
Name: Willibrord Ehses
Title: Director

 

MANGROVE CAPITAL PARTNERS S.A.
By:   /s/ Hans-Jürgen Schmitz
Name: Hans-Jürgen Schmitz
Title: Director
By:   /s/ Michael Rabinowicz
Name: Michael Rabinowicz
Title: Director

 

13