SC 13G 1 d102264dsc13g.htm SC 13G SC 13G

 

 

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.    )*

 

 

1Life Healthcare, Inc.

(Name of Issuer)

Common Stock, par value $0.001

(Title of Class of Securities)

68269G107

(CUSIP Number)

December 31, 2020

(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. 68269G107   Schedule 13G   Page 1 of 16

 

  1   

Names of Reporting Persons

 

The Carlyle Group Inc.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

13,612,681

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

13,612,681

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

13,612,681

10  

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

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

10.2%

12  

Type of Reporting Person

 

CO


CUSIP No. 68269G107   Schedule 13G   Page 2 of 16

 

  1   

Names of Reporting Persons

 

Carlyle Group Management L.L.C.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

13,612,681

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

13,612,681

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

13,612,681

10  

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

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

10.2%

12  

Type of Reporting Person

 

OO (Limited Liability Company)


CUSIP No. 68269G107   Schedule 13G   Page 3 of 16

 

  1   

Names of Reporting Persons

 

Carlyle Holdings II GP L.L.C.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

13,612,681

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

13,612,681

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

13,612,681

10  

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

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

10.2%

12  

Type of Reporting Person

 

OO (Limited Liability Company)


CUSIP No. 68269G107   Schedule 13G   Page 4 of 16

 

  1   

Names of Reporting Persons

 

Carlyle Holdings II L.L.C.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

13,612,681

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

13,612,681

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

13,612,681

10  

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

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

10.2%

12  

Type of Reporting Person

 

OO (Limited Liability Company)


CUSIP No. 68269G107   Schedule 13G   Page 5 of 16

 

  1   

Names of Reporting Persons

 

CG Subsidiary Holdings L.L.C.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

13,612,681

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

13,612,681

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

13,612,681

10  

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

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

10.2%

12  

Type of Reporting Person

 

OO (Limited Liability Company)


CUSIP No. 68269G107   Schedule 13G   Page 6 of 16

 

  1   

Names of Reporting Persons

 

TC Group Cayman Investment Holdings, 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

 

Cayman Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

13,612,681

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

13,612,681

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

13,612,681

10  

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

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

10.2%

12  

Type of Reporting Person

 

PN


CUSIP No. 68269G107   Schedule 13G   Page 7 of 16

 

  1   

Names of Reporting Persons

 

TC Group Cayman Investment Holdings Sub 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

 

Cayman Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

13,612,681

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

13,612,681

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

13,612,681

10  

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

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

10.2%

12  

Type of Reporting Person

 

PN

 


CUSIP No. 68269G107   Schedule 13G   Page 8 of 16

 

  1   

Names of Reporting Persons

 

TC Group VII, L.L.C.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

13,612,681

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

13,612,681

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

13,612,681

10  

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

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

10.2%

12  

Type of Reporting Person

 

OO (Limited Liability Company)


CUSIP No. 68269G107   Schedule 13G   Page 9 of 16

 

  1  

Names of Reporting Persons

 

TC Group 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

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

13,612,681

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

13,612,681

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

13,612,681

10  

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

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

10.2%

12  

Type of Reporting Person

 

PN


CUSIP No. 68269G107   Schedule 13G   Page 10 of 16

 

  1  

Names of Reporting Persons

 

Carlyle Partners VII Holdings, 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

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

13,612,681

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

13,612,681

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

13,612,681

10  

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

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

10.2%

12  

Type of Reporting Person

 

PN


CUSIP No. 68269G107   Schedule 13G   Page 11 of 16

 

ITEM 1.

(a)

Name of Issuer:

1Life Healthcare Inc. (the “Issuer”)

 

  (b)

Address of Issuer’s Principal Executive Offices:

One Embarcadero Center, Suite 1900

San Francisco, CA 94111

 

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:

Carlyle Group Management L.L.C.

The Carlyle Group Inc.

Carlyle Holdings II GP L.L.C.

Carlyle Holdings II L.L.C.

CG Subsidiary Holdings L.L.C.

TC Group Cayman Investment Holdings, L.P.

TC Group Cayman Investment Holdings Sub L.P.

TC Group VII, L.L.C.

TC Group VII, L.P.

Carlyle Partners VII Holdings, L.P.

 

  (b)

Address or Principal Business Office:

The address for each of TC Group Cayman Investment Holdings, L.P. and TC Group Cayman Investment Holdings Sub L.P. is c/o Walkers Corporate Limited, Cayman Corporate Centre, 27 Hospital Road, George Town, Grand Cayman KY1-9008, Cayman Islands. The address of each of the other Reporting Persons is c/o The Carlyle Group Inc., 1001 Pennsylvania Ave. NW, Suite 220 South, Washington, D.C. 20004-2505.

 

  (c)

Citizenship of each Reporting Person is:

Each of TC Group Cayman Investment Holdings, L.P. and TC Group Cayman Investment Holdings Sub L.P. is organized under the laws of the Cayman Islands. Each of the remaining Reporting Persons is organized under the laws of the state of Delaware.

 

  (d)

Title of Class of Securities:

Common stock, par value $0.001 per share (“Common Stock”).


CUSIP No. 68269G107   Schedule 13G   Page 12 of 16

 

  (e)

CUSIP Number:

68269G107

 

ITEM 3.

Not applicable.

 

ITEM 4.

Ownership.

   (a-c)

The ownership information presented below represents beneficial ownership of shares of Common Stock as of December 31, 2020, based upon 133,012,658 shares of Common Stock outstanding as of October 30, 2020 based on the Issuer’s quarterly report on Form 10-Q filed with the Securities and Exchange Commission on November 10, 2020.

 

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:

 

Carlyle Group Management L.L.C.

     13,612,681        10.2     0        13,612,681        0        13,612,681  

The Carlyle Group Inc.

     13,612,681        10.2     0        13,612,681        0        13,612,681  

Carlyle Holdings II GP L.L.C.

     13,612,681        10.2     0        13,612,681        0        13,612,681  

Carlyle Holdings II L.L.C.

     13,612,681        10.2     0        13,612,681        0        13,612,681  

CG Subsidiary Holdings L.L.C.

     13,612,681        10.2     0        13,612,681        0        13,612,681  

TC Group Cayman Investment Holdings, L.P.

     13,612,681        10.2     0        13,612,681        0        13,612,681  

TC Group Cayman Investment Holdings Sub L.P.

     13,612,681        10.2     0        13,612,681        0        13,612,681  

TC Group VII, L.L.C.

     13,612,681        10.2     0        13,612,681        0        13,612,681  

TC Group VII, L.P.

     13,612,681        10.2     0        13,612,681        0        13,612,681  

Carlyle Partners VII Holdings, L.P.

     13,612,681        10.2     0        13,612,681        0        13,612,681  

Carlyle Partners VII Holdings, L.P. is the record holder of the shares of Common Stock reported herein.

Carlyle Group Management L.L.C. holds an irrevocable proxy to vote a majority of the shares of The Carlyle Group Inc., a publicly traded company listed on Nasdaq. The Carlyle Group Inc. is the sole member of Carlyle Holdings II GP L.L.C., which is the managing member of Carlyle Holdings II L.L.C., which, with respect to the securities reported herein, is the managing member of CG Subsidiary Holdings L.L.C., which is the general partner of TC Group Cayman Investment Holdings, L.P., which is the general partner of TC Group Cayman Investment Holdings Sub L.P., which is the sole member of TC Group VII, L.L.C., which is the general partner of TC Group VII, L.P., which is the general partner of Carlyle Partners VII Holdings, L.P. Accordingly, each of the Reporting Persons may be deemed to share beneficial ownership of the shares of Common Stock held of record by Carlyle Partners VII Holdings, L.P.


CUSIP No. 68269G107   Schedule 13G   Page 13 of 16

 

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. 68269G107   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:    February 12, 2021

 

Carlyle Group Management L.L.C.
By:  

/s/ Anne Frederick, attorney-in-fact

Name:   Curtis L. Buser
Title:   Chief Financial Officer
The Carlyle Group Inc.
By:  

/s/ Anne Frederick, attorney-in-fact

Name:   Curtis L. Buser
Title:   Managing Director and Chief Financial Officer
Carlyle Holdings II GP L.L.C.
By: The Carlyle Group Inc., its sole member
By:  

/s/ Anne Frederick, attorney-in-fact

Name:   Curtis L. Buser
Title:   Managing Director and Chief Financial Officer
 
Carlyle Holdings II L.L.C.
By:  

/s/ Anne Frederick, attorney-in-fact

Name:   Curtis L. Buser
Title:   Managing Director
CG Subsidiary Holdings L.L.C.
By:  

/s/ Anne Frederick, attorney-in-fact

Name:   Curtis L. Buser
Title:   Managing Director
TC Group Cayman Investment Holdings, L.P.
By: CG Subsidiary Holdings L.L.C., its general partner
 
By:  

/s/ Anne Frederick, attorney-in-fact

Name:   Curtis L. Buser
Title:   Managing Director


CUSIP No. 68269G107   Schedule 13G   Page 15 of 16

 

TC Group Cayman Investment Holdings Sub L.P.
By: TC Group Cayman Investment Holdings,
L.P., its general partner
By: CG Subsidiary Holdings L.L.C., its general partner
By:  

/s/ Anne Frederick, attorney-in-fact

Name:   Curtis L. Buser
Title:   Managing Director
TC Group VII, L.L.C.
By:  

/s/ Jeremy W. Anderson

Name:   Jeremy W. Anderson
Title:   Authorized Person
TC Group VII, L.P.
By:  

/s/ Jeremy W. Anderson

Name:   Jeremy W. Anderson
Title:   Authorized Person
Carlyle Partners VII Holdings, L.P.
By: TC Group VII, L.P., its general partner
By:  

/s/ Jeremy W. Anderson

Name:   Jeremy W. Anderson
Title:   Authorized Person


CUSIP No. 68269G107   Schedule 13G   Page 16 of 16

 

LIST OF EXHIBITS

 

Exhibit No.

 

Description

24   Power of Attorney.
99   Joint Filing Agreement.