UNITED STATES

SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20549

 

SCHEDULE 13G

 

(Amendment No. __)*

 

Under the Securities Exchange Act of 1934

 

 

               Xerium Technologies, Inc.               

(Name of Issuer)

                           Common Stock, par value $0.001 per share                       

(Titles of Class of Securities)

                               98416J118                               

(CUSIP Number)

                            June 8, 2016                             

(Date of Event Which Requires Filing of this Statement)

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

o Rule 13d-1(b)

x Rule 13d-1(c)

o Rule 13d-1(d)

* The remainder of this cover page shall be filled out of 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 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 ).

  1  
 

 

CUSIP No. 98416J118 13G  
1

NAME OF REPORTING PERSON

 

TSSP Sub-Fund HoldCo LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *

(a) o

(b)  o

 

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

1,182,878
7

SOLE DISPOSITIVE POWER

- 0 -

8 SHARED DISPOSITIVE POWER

1,182,878
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,182,878

 

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

7.4% (1)
12

TYPE OF REPORTING PERSON *


CO

           

(1) Based on a total of 15,994,057 shares of Common Stock (as defined below) of the Issuer (as defined below) outstanding as of May 1, 2016, as reported on the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the “ Commission ”) on May 4, 2016.

 

  2  
 

 

 

  CUSIP No. 98416J118 13G  
1

NAME OF REPORTING PERSON

 

David Bonderman

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *

(a) o

(b)  o

 

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

1,182,878
7

SOLE DISPOSITIVE POWER

- 0 -

8 SHARED DISPOSITIVE POWER

1,182,878
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,182,878

 

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

7.4% (2)
12

TYPE OF REPORTING PERSON *


IN

           

(2) Based on a total of 15,994,057 shares of Common Stock outstanding as of May 1, 2016, as reported on the Issuer’s Quarterly Report on Form 10-Q filed with the Commission on May 4, 2016.

 

  3  
 

 

CUSIP No. 98416J118 13G  
1

NAME OF REPORTING PERSON

 

James G. Coulter

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *

(a) o

(b)  o

 

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

1,182,878
7

SOLE DISPOSITIVE POWER

- 0 -

8 SHARED DISPOSITIVE POWER

1,182,878
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,182,878

 

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

7.4% (3)
12

TYPE OF REPORTING PERSON *


IN

           

(3) Based on a total of 15,994,057 shares of Common Stock outstanding as of May 1, 2016, as reported on the Issuer’s Quarterly Report on Form 10-Q filed with the Commission on May 4, 2016. 

  4  
 

 

CUSIP No. 98416J118 13G  
1

NAME OF REPORTING PERSON

 

Alan Waxman

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *

(a) o

(b)  o

 

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

1,182,878
7

SOLE DISPOSITIVE POWER

- 0 -

8 SHARED DISPOSITIVE POWER

1,182,878
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,182,878

 

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

7.4% (4)
12

TYPE OF REPORTING PERSON *


IN

           

(4) Based on a total of 15,994,057 shares of Common Stock outstanding as of May 1, 2016, as reported on the Issuer’s Quarterly Report on Form 10-Q filed with the Commission on May 4, 2016. 

  5  
 

 

Item 1(a). Name of Issuer:

 

Xerium Technologies, Inc.

Item 1(b). Address of Issuer’s Principal Executive Offices:

 

14101 Capital Boulevard

Youngsville, North Carolina 27596

 

Item 2(a). Name of Person Filing:

 

This Schedule 13G is being filed jointly by TSSP Sub-Fund HoldCo LLC, a Delaware limited liability company (“ Sub-Fund HoldCo ”), David Bonderman, James G. Coulter and Alan Waxman (each a “ Reporting Person ” and, together, the “ Reporting Persons ”), pursuant to an Agreement of Joint Filing attached hereto in accordance with Rule 13d-1(k)(1) under the Act.

 

Sub-Fund HoldCo, is the sole member of TOP III SPV GP, LLC, a Delaware limited liability company, which is the manager of PBB Investments I, LLC, a Delaware limited liability company (the “ Fund ”), which directly holds 1,182,878 shares of Common Stock of the Issuer (the “ Shares ”). Because of Sub-Fund HoldCo’s relationship to the Fund, Sub-Fund HoldCo may be deemed to beneficially own the Shares.

 

Sub-Fund HoldCo is managed by its board of directors, whose members are David Bonderman, James G. Coulter and Alan Waxman. Messrs. Bonderman, Coulter and Waxman disclaim beneficial ownership of the Shares except to the extent of their pecuniary interest therein.

 

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 Global, LLC

301 Commerce Street, Suite 3300

Forth Worth, Texas 76102

 

Item 2(c). Citizenship:

 

See response to Item 4 of each of the cover pages.

 

Item 2(d). Titles of Classes of Securities:

 

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

Item 2(e). CUSIP Number:

 

98416J118

 

  6  
 

Item 3.                If this Statement is Filed Pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), Check
Whether the Person Filing is a(n):

(a) ☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b) ☐ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c) ☐ Insurance company as defined in section 3(a)(19) of the 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 (12 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 of 1940 (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: _______________

 

Item 4.               Ownership  

 

(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.

  7  
 

 

 

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.

 

Not Applicable.

Item 9. Notice of Dissolution of Group.

 

Not Applicable.

Item 10. Certification.  

 

By signing below each of the undersigned certifies that, to the best of its or his knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

  8  
 

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: June 20, 2016

 

TSSP Sub-Fund HoldCo LLC

 

 

By: /s/ David Stiepleman     

  Name:  David Stiepleman
  Title:   Vice President
     
  David Bonderman
   
 

 

By: /s/ Clive Bode              

  Name:  Clive Bode, on behalf of David Bonderman (5)
     
  James G. Coulter
   
 

 

By: /s/ Clive Bode              

  Name:  Clive Bode, on behalf of James G. Coulter (6)
     
     
  Alan Waxman
     
 

 

By: /s/ David Stiepleman     

  Name: David Stiepleman, on behalf of Alan Waxman (7)

 

_______________

 

(5) Clive Bode is signing on behalf of Mr. Bonderman pursuant to an authorization and designation letter dated June 19, 2015, which was previously filed with the Commission as an exhibit to an amendment to Schedule 13D filed by Mr. Bonderman on June 22, 2015 (SEC File No. 005-87680).

 

(6) Clive Bode is signing on behalf of Mr. Coulter pursuant to an authorization and designation letter dated June 19, 2015, which was previously filed with the Commission as an exhibit to an amendment to Schedule 13D filed by Mr. Coulter on June 22, 2015 (SEC File No. 005-87680).

 

(7) David Stiepleman is signing on behalf of Mr. Waxman pursuant to an authorization and designation letter dated May 20, 2015, which was previously filed with the Commission as an exhibit to an amendment to Schedule 13G filed by Mr. Waxman on September 18, 2015 (SEC File No. 005-81344).

 

  9  
 

 

Exhibit Index

Exhibit 1 Agreement of Joint Filing as required by Rule 13d-1(k)(1) under the Act.

 

_______________

 

 

 

 

 

 

 

 

  10  
 

 

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