UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
(Amendment
No. )*
Under
the Securities Exchange Act of 1934
Viking
Holdings Ltd
(Name
of Issuer)
Ordinary
Shares, $0.01 par value per share
(Titles
of Class of Securities)
G93A5A101
(CUSIP
Number)
September
30, 2024
(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, as amended (the “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. G93A5A101 |
13G |
|
| 1 |
NAME
OF REPORTING PERSON
TPG
GP A, LLC |
| 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: |
5 |
SOLE
VOTING POWER
-
0 - |
| 6 |
SHARED
VOTING POWER
36,610,589 |
| 7 |
SOLE
DISPOSITIVE POWER
-
0 - |
| 8 |
SHARED
DISPOSITIVE POWER
36,610,589 |
| 9 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,610,589
|
| 10 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ |
| 11 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.0%
(1) |
| 12 |
TYPE
OF REPORTING PERSON*
OO |
| |
|
|
|
|
|
(1)
The calculation is based on a total of 303,832,404 Ordinary Shares (as defined below) outstanding as of June 30, 2024, as reported
in the Prospectus filed by the Issuer (as defined below) with the Securities and Exchange Commission (the “Commission”)
on September 12, 2024.
| CUSIP
No. G93A5A101 |
13G |
|
| 1 |
NAME
OF REPORTING PERSON
David
Bonderman |
| 2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
a)
☐
b)
☐
|
| 3 |
SEC
USE ONLY |
| 4 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States |
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH: |
5 |
SOLE
VOTING POWER
-
0 - |
| 6 |
SHARED
VOTING POWER
36,610,589 |
| 7 |
SOLE
DISPOSITIVE POWER
-
0 - |
| 8 |
SHARED
DISPOSITIVE POWER
36,610,589 |
| 9 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,610,589
|
| 10 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ |
| 11 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.0%
(2) |
| 12 |
TYPE
OF REPORTING PERSON*
IN |
| |
|
|
|
|
|
(2)
The calculation is based on a total of 303,832,404 Ordinary Shares outstanding as of June 30, 2024, as reported in the Prospectus
filed by the Issuer with the Commission on September 12, 2024.
| CUSIP
No. G93A5A101 |
13G |
|
| 1 |
NAME
OF REPORTING PERSON
James
G. Coulter |
| 2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
a)
☐
b)
☐
|
| 3 |
SEC
USE ONLY |
| 4 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States |
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH: |
5 |
SOLE
VOTING POWER
-
0 - |
| 6 |
SHARED
VOTING POWER
36,610,589 |
| 7 |
SOLE
DISPOSITIVE POWER
-
0 - |
| 8 |
SHARED
DISPOSITIVE POWER
36,610,589 |
| 9 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,610,589
|
| 10 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ |
| 11 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.0%
(3) |
| 12 |
TYPE
OF REPORTING PERSON*
IN |
| |
|
|
|
|
|
(3)
The calculation is based on a total of 303,832,404 Ordinary Shares outstanding as of June 30, 2024, as reported in the Prospectus
filed by the Issuer with the Commission on September 12, 2024.
| CUSIP
No. G93A5A101 |
13G |
|
| 1 |
NAME
OF REPORTING PERSON
Jon
Winkelried |
| 2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
a)
☐
b)
☐
|
| 3 |
SEC
USE ONLY |
| 4 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States |
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH: |
5 |
SOLE
VOTING POWER
-
0 - |
| 6 |
SHARED
VOTING POWER
36,610,589 |
| 7 |
SOLE
DISPOSITIVE POWER
-
0 - |
| 8 |
SHARED
DISPOSITIVE POWER
36,610,589 |
| 9 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,610,589
|
| 10 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ |
| 11 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.0%
(4) |
| 12 |
TYPE
OF REPORTING PERSON*
IN |
| |
|
|
|
|
|
(4)
The calculation is based on a total of 303,832,404 Ordinary Shares outstanding as of June 30, 2024, as reported in the Prospectus
filed by the Issuer with the Commission on September 12, 2024.
| Item
1(a). |
Name
of Issuer: |
Viking
Holdings Ltd (the “Issuer”)
| Item
1(b). |
Address
of Issuer’s Principal Executive Offices: |
94
Pitts Bay Road
Pembroke,
Bermuda HM 08
| Item
2(a). |
Name
of Person Filing: |
This
Schedule 13G is being filed jointly by TPG GP A, LLC, a Delaware limited liability company (“TPG GP A”), David
Bonderman, James G. Coulter and Jon Winkelried (each, a “Reporting Person” and, together, the “Reporting
Persons”), pursuant to an Agreement of Joint Filing incorporated by reference herein in accordance with Rule 13d-1(k)(1)
under the Act.
TPG
GP A is the managing member of each of (i) TPG Group Holdings (SBS) Advisors, LLC, a Delaware limited liability company, which
is the general partner of TPG Group Holdings (SBS), L.P., a Delaware limited partnership, and (ii) Alabama Investments (Parallel)
GP, LLC, a Delaware limited liability company, which is the general partner of each of (a) Alabama Investments (Parallel), LP,
a Delaware limited partnership, (b) Alabama Investments (Parallel) Founder A, LP, a Delaware limited partnership, and (c) Alabama
Investments (Parallel) Founder G, LP, a Delaware limited partnership, which, collectively with TPG Group Holdings (SBS), L.P.,
Alabama Investments (Parallel), LP and Alabama Investments (Parallel) Founder A, LP, holds 100% of the shares of Class B common
stock (which represents a majority of the combined voting power of the common stock) of TPG Inc., a Delaware corporation, which
is the sole member of TPG GPCo, LLC, a Delaware limited liability company, which is the sole member of TPG Holdings II-A, LLC,
a Delaware limited liability company, which is the general partner of TPG Operating Group II, L.P., a Delaware limited partnership,
which is the sole member of TPG Holdings I-A, LLC, a Delaware limited liability company, which is the general partner of TPG Operating
Group I, L.P., a Delaware limited partnership, which is the sole member of TPG GenPar VII Advisors, LLC, a Delaware limited liability
company, which is the general partner of TPG GenPar VII, L.P., a Delaware limited partnership, which is the sole member of TPG
VII SPV GP, LLC, a Delaware limited liability company, which is the general partner of TPG VII Valhalla Holdings, L.P., a Delaware
limited partnership (“TPG VII Valhalla”), which directly holds 36,610,589 Ordinary Shares.
Because
of the relationship of TPG GP A to TPG VII Valhalla, TPG GP A may be deemed to beneficially own the Ordinary Shares held by TPG
VII Valhalla. TPG GP A is controlled by entities owned by Messrs. Bonderman, Coulter and Winkelried. Because of the relationship
of Messrs. Bonderman, Coulter and Winkelried to TPG GP A, each of Messrs. Bonderman, Coulter and Winkelried may be deemed to beneficially
own the Ordinary Shares held by TPG VII Valhalla. Messrs. Bonderman, Coulter and Winkelried disclaim beneficial ownership of such
securities except to the extent of their pecuniary interest therein, if any.
| Item
2(b). |
Address
of Principal Business Office or, if none, Residence: |
The
principal business address of each of the Reporting Persons is as follows:
c/o
TPG Inc.
301
Commerce Street, Suite 3300
Fort
Worth, Texas 76102
See
responses to Item 4 of each of the cover pages.
| Item
2(d). |
Titles
of Classes of Securities: |
Ordinary
Shares, $0.01 par value per share (“Ordinary Shares”)
G93A5A101
| Item
3. |
If
This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c),
Check
Whether the Person Filing is a(n): |
| |
|
| |
(a) |
☐ Broker or dealer registered
under Section 15 of the Exchange Act (15 U.S.C. 78o). |
| |
(b) |
☐ Bank as defined in
Section 3(a)(6) of the Exchange Act (15 U.S.C. 78c). |
| |
(c) |
☐ Insurance company
as defined in Section 3(a)(19) of the Exchange Act (15 U.S.C. 78c). |
| |
(d) |
☐ Investment company
registered under Section 8 of the Investment Company
Act of 1940 (15 U.S.C 80a-8). |
| |
(e) |
☐ Investment adviser
in accordance with §240.13d-1(b)(1)(ii)(E). |
| |
(f) |
☐ Employee benefit plan
or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F). |
| |
(g) |
☐ Parent holding company
or control person in accordance with §240.13d-1(b)(1)(ii)(G). |
| |
(h) |
☐ Savings association as defined in Section
3(b) of the Federal Deposit Insurance Act (13 U.S.C. 1813). |
| |
|
|
| |
(i) |
☐
Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act
(15 U.S.C. 80a-3). |
| |
|
|
| |
(j) |
☐ Non-U.S. institution in accordance with §240.
13d-1(b)(1)(ii)(J). |
| |
(k) |
☐ Group in accordance with §240.13d-1(b)(1)(ii)(K). |
| |
If filing as a non-U.S. institution
in accordance with §240. 13d-1(b)(1)(ii)(J), please specify the type of institution: ______________ |
| |
(a) |
Amount
Beneficially Owned: |
| |
|
|
| |
|
See
responses to Item 9 on each cover page. |
| |
|
|
| |
(b) |
Percent
of Class: |
| |
|
|
| |
|
See
responses to Item 11 on each cover page. |
| |
|
|
| |
(c) |
Number of shares as to which such
person has: |
| |
|
(i) |
Sole
power to vote or to direct the vote:
See
responses to Item 5 on each cover page.
|
| |
|
(ii) |
Shared
power to vote or to direct the vote:
See
responses to Item 6 on each cover page.
|
| |
|
(iii) |
Sole
power to dispose or to direct the disposition of:
See
responses to Item 7 on each cover page.
|
| |
|
(iv) |
Shared
power to dispose or to direct the disposition of:
See
responses to Item 8 on each cover page.
|
| Item
5. |
Ownership
of Five Percent or Less of a Class. |
If
this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the following ☐.
| 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. |
See
response to Item 2(a) above.
| Item
8. |
Identification
and Classification of Members of the Group. |
TPG
VII Valhalla entered into the Third Amended and Restated Investor Rights Agreement (the “Investor Rights Agreement”),
dated as of April 25, 2024, with certain other holders (the “Holders”) of Ordinary Shares. Pursuant to the
Investor Rights Agreement, TPG VII Valhalla and the Holders have agreed to, among other things, vote their Ordinary Shares to
elect members of the Board of Directors of the Issuer as set forth therein.
Because
of the relationship between TPG VII Valhalla and the Holders as a result of the Investor Rights Agreement, the Reporting Persons
may be deemed, pursuant to Rule 13d-3 under the Act, to beneficially own the Ordinary Shares held by the Holders. Each Reporting
Person and TPG VII Valhalla disclaims beneficial ownership of the Ordinary Shares held by the Holders, except to the extent of
its pecuniary interest therein, if any.
| Item
9. |
Notice
of Dissolution of Group. |
Not
Applicable.
Not
Applicable.
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.
Dated:
November 14, 2024
| |
TPG
GP A, LLC
|
| |
|
|
|
| |
By: |
/s/ Bradford
Berenson |
|
| |
Name: |
Bradford
Berenson |
| |
Title:
|
General
Counsel |
| |
|
|
| |
David
Bonderman |
| |
|
|
| |
By: |
/s/ Gerald
Neugebauer |
|
| |
Name: |
Gerald
Neugebauer, on behalf of David Bonderman (5) |
| |
|
|
| |
James
G. Coulter |
| |
|
| |
By: |
/s/ Gerald
Neugebauer |
|
| |
Name: |
Gerald
Neugebauer, on behalf of James G. Coulter (6) |
| |
|
|
| |
Jon
Winkelried |
| |
|
|
| |
By: |
/s/ Gerald
Neugebauer |
|
| |
Name: |
Gerald
Neugebauer, on behalf of Jon Winkelried (7) |
_______________
(5)
Gerald Neugebauer is signing on behalf of Mr. Bonderman pursuant to an authorization and designation letter dated January 10,
2024, which was previously filed with the Commission as an exhibit to a Form 4 filed by Mr. Bonderman on February 7, 2024 (SEC
File No. 001-41617).
(6)
Gerald Neugebauer is signing on behalf of Mr. Coulter pursuant to an authorization and designation letter dated January 10, 2024,
which was previously filed with the Commission as an exhibit to a Form 4 filed by Mr. Coulter on February 7, 2024 (SEC File No.
001-41617).
(7)
Gerald Neugebauer is signing on behalf of Mr. Winkelried pursuant to an authorization and designation letter dated January 10,
2024, which was previously filed with the Commission as an exhibit to a Form 4 filed by Mr. Winkelried on February 7, 2024 (SEC
File No. 001-41617).
Exhibit
Index
_______________
*
Incorporated herein by reference to the Agreement of Joint Filing by TPG Group Holdings (SBS) Advisors, Inc., TPG GP A, LLC, TPG
Advisors VII, Inc., TPG Advisors VI, Inc., TPG Advisors VI-AIV, Inc., TPG Asia Advisors VI, Inc., David Bonderman, James G. Coulter,
Jon Winkelried and Karl Peterson dated as of January 18, 2022, which was previously filed with the Commission as Exhibit 1 to
Amendment No. 4 to Schedule 13D filed by TPG GP A, LLC, David Bonderman, James G. Coulter and Jon Winkelried on January 18, 2022
with respect to the shares of common stock of Allogene Therapeutics, Inc.
