UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

SCHEDULE 13D
THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No.)*


SodaStream International Ltd.
(Name of Issuer)


Ordinary Shares, par value NIS 0.645 per share
(Title of Class of Securities)


M9068E105
(CUSIP Number)


Teleios Capital Partners GmbH
Dorfstrasse 9
6318 Walchwil/Zug
Switzerland
Telephone Number: 41 41 506 56 59
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)


November 8, 2016
(Date of Event Which Requires Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.240.13d-1(e), 240.13d‑1(f) or 240.13d-1(g), check the following box [   ].
   
*   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 disclosures provided in a prior cover page.



CUSIP No.
M9068E105
   

1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Teleios Capital Partners GmbH
 

2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[_]
   
(b)
[_]

3.
SEC USE ONLY
 
     
     

4.
SOURCE OF FUNDS
 
     
 
AF
 

5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]

6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
Switzerland
 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON

7.
SOLE VOTING POWER
 
     
 
0
 

8.
SHARED VOTING POWER
 
     
 
1,198,758
 

9.
SOLE DISPOSITIVE POWER
     
 
0
 

10.
SHARED DISPOSITIVE POWER
 
     
 
1,198,758
 

11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
     
 
1,198,758
 

12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]

13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
5.7%
 

14.
TYPE OF REPORTING PERSON
 
     
 
IA, OO
 
     




 
CUSIP No.
M9068E105
   
 
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Igor Kuzniar
 

2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[_]
   
(b)
[_]

3.
SEC USE ONLY
 
     
     

4.
SOURCE OF FUNDS
 
     
 
AF
 

5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]

6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
Switzerland
 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON

7.
SOLE VOTING POWER
 
     
 
0
 

8.
SHARED VOTING POWER
 
     
 
1,198,758
 

9.
SOLE DISPOSITIVE POWER
     
 
0
 

10.
SHARED DISPOSITIVE POWER
 
     
 
1,198,758
 

11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
     
 
1,198,758
 

12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]

13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
5.7%
 

14.
TYPE OF REPORTING PERSON
 
     
 
IN, HC
 
     

 



 
CUSIP No.
M9068E105
   
 
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Firass Abi-Nassif
 
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[_]
   
(b)
[_]
 
3.
SEC USE ONLY
 
     
     

4.
SOURCE OF FUNDS
 
     
 
AF
 

5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]

6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
United States of America
 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON

7.
SOLE VOTING POWER
 
     
 
0
 

8.
SHARED VOTING POWER
 
     
 
1,198,758
 

9.
SOLE DISPOSITIVE POWER
     
 
0
 

10.
SHARED DISPOSITIVE POWER
 
     
 
1,198,758
 

11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
     
 
1,198,758
 

12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]

13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
5.7%
 

14.
TYPE OF REPORTING PERSON
 
     
 
IN, HC
 
     



 
CUSIP No.
M9068E105
   
 
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Adam Epstein
 
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[_]
   
(b)
[_]
 
3.
SEC USE ONLY
 
     
     

4.
SOURCE OF FUNDS
 
     
 
AF
 

5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]

6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
United Kingdom
 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON

7.
SOLE VOTING POWER
 
     
 
0
 

8.
SHARED VOTING POWER
 
     
 
1,198,758
 

9.
SOLE DISPOSITIVE POWER
     
 
0
 

10.
SHARED DISPOSITIVE POWER
 
     
 
1,198,758
 

11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
     
 
1,198,758
 

12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]

13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
5.7%
 

14.
TYPE OF REPORTING PERSON
 
     
 
IN, HC
 
     

 

 
CUSIP No.
M9068E105
   
     

Item 1.
Security and Issuer.
 

 
The name of the issuer is SodaStream International Ltd., an Israeli corporation (the "Issuer").  The address of the Issuer's principal executive offices is Gilboa Street, Airport City 7010000, Israel.  This Schedule 13D relates to the Issuer's Ordinary Shares, par value NIS 0.645 per share (the "Shares").
 
     
     
 
Item 2.
Identity and Background.
 

 
(a), (f)
The persons filing this statement are Teleios Capital Partners GmbH, a Swiss limited liability company ("Teleios"), Igor Kuzniar, a Swiss citizen ("Mr. Kuzniar"), Firass Abi-Nassif, a United States citizen ("Mr. Abi-Nassif") and Adam Epstein, a British citizen ("Mr. Epstein" and collectively with Teleios, Mr. Kuzniar and Mr. Abi-Nassif, the "Reporting Persons").
 
       
 
(b)
The principal business address of the Reporting Persons is Dorfstrasse 9, 6318 Walchwil/Zug, Switzerland.
 
       
 
(c)
Teleios serves as the investment manager of certain private investment funds and managed accounts.  Mr. Kuzniar, Mr. Abi-Nassif and Mr. Epstein serve as the managing officers of Teleios.
 
       
 
(d)
None of the Reporting Persons have, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
 
       
 
(e)
None of the Reporting Persons have, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
 
     
 
 
Item 3.
Source and Amount of Funds or Other Consideration.
 
     
 
The funds for the purchase of the 1,198,758 Shares beneficially owned by Teleios came from the working capital of certain private investment funds and managed accounts for which Teleios serves as investment manager.  The net investment costs (including commissions, if any) of the Shares beneficially owned by Teleios is approximately $31,417,186.32.  No borrowed funds were used to purchase the Shares, other than any borrowed funds used for working capital purposes in the ordinary course of business.
 
The funds for the purchase of the 1,198,758 Shares indirectly beneficially owned by Mr. Kuzniar came from the working capital of certain private investment funds and managed accounts for which Teleios serves as investment manager.  The net investment costs (including commissions, if any) of the Shares indirectly beneficially owned by Mr. Kuzniar is approximately $31,417,186.32.  No borrowed funds were used to purchase the Shares, other than any borrowed funds used for working capital purposes in the ordinary course of business.
 
The funds for the purchase of the 1,198,758 Shares indirectly beneficially owned by Mr. Abi-Nassif came from the working capital of certain private investment funds and managed accounts for which Teleios serves as investment manager.  The net investment costs (including commissions, if any) of the Shares indirectly beneficially owned by Mr. Abi-Nassif is approximately $31,417,186.32.  No borrowed funds were used to purchase the Shares, other than any borrowed funds used for working capital purposes in the ordinary course of business.
 
The funds for the purchase of the 1,198,758 Shares indirectly beneficially owned by Mr. Epstein came from the working capital of certain private investment funds and managed accounts for which Teleios serves as investment manager.  The net investment costs (including commissions, if any) of the Shares indirectly beneficially owned by Mr. Epstein is approximately $31,417,186.32.  No borrowed funds were used to purchase the Shares, other than any borrowed funds used for working capital purposes in the ordinary course of business.
 
     




Item 4.
Purpose of Transaction.
 
     
 
The Shares held by the Reporting Persons were acquired for investment purposes in the ordinary course of the Reporting Persons' investment activities.
 
The Reporting Persons have entered into a dialogue with the Issuer's management and will seek to increase shareholder value by entering into future dialogue with the Issuer's management regarding its current board composition and corporate governance, and may explore ways in which the board's capabilities and collective expertise can be further enhanced.
 
Except as otherwise set forth herein, the Reporting Persons do not have any present plans or proposals which would relate to, or result in, the matters set forth in subparagraphs (a) – (j) of Item 4 of Schedule 13D.
 
The Reporting Persons reserve the right, at a later date, to effect one or more of such changes or transactions in the number of Shares they may be deemed to beneficially own.
 
     


Item 5.
Interest in Securities of the Issuer.
 
     
 
(a) - (d)
As of the date hereof, Teleios may be deemed to be the beneficial owner of 1,198,758 Shares, constituting 5.7% of the Shares, based upon 21,104,117 Shares outstanding as of the date hereof. 1   Teleios has the sole power to vote or direct the vote of 0 Shares and the shared power to vote or direct the vote of 1,198,758 Shares.  Teleios has the sole power to dispose or direct the disposition of 0 Shares and the shared power to dispose or direct the disposition of 1,198,758 Shares.
 
As of the date hereof, Mr. Kuzniar may be deemed to be the beneficial owner of 1,198,758 Shares, constituting 5.7% of the Shares, based upon 21,104,117 Shares outstanding as of the date hereof.  Mr. Kuzniar has the sole power to vote or direct the vote of 0 Shares and the shared power to vote or direct the vote of 1,198,758 Shares.  Mr. Kuzniar has the sole power to dispose or direct the disposition of 0 Shares and the shared power to dispose or direct the disposition of 1,198,758 Shares.
 
As of the date hereof, Mr. Abi-Nassif may be deemed to be the beneficial owner of 1,198,758 Shares, constituting 5.7% of the Shares, based upon 21,104,117 Shares outstanding as of the date hereof.  Mr. Abi-Nassif has the sole power to vote or direct the vote of 0 Shares and the shared power to vote or direct the vote of 1,198,758 Shares.  Mr. Abi-Nassif has the sole power to dispose or direct the disposition of 0 Shares and the shared power to dispose or direct the disposition of 1,198,758 Shares.
 
As of the date hereof, Mr. Epstein may be deemed to be the beneficial owner of 1,198,758 Shares, constituting 5.7% of the Shares, based upon 21,104,117 Shares outstanding as of the date hereof.  Mr. Epstein has the sole power to vote or direct the vote of 0 Shares and the shared power to vote or direct the vote of 1,198,758 Shares.  Mr. Epstein has the sole power to dispose or direct the disposition of 0 Shares and the shared power to dispose or direct the disposition of 1,198,758 Shares.
 
The transactions in the Shares by the Reporting Persons during the past sixty days are set forth in Exhibit B.
 
 
 
(e)
 
N/A
 
 


Item 6.
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
 
     
 
None
 
 


Item 7.
Material to be Filed as Exhibits.
 

 
Exhibit A:  Joint Filing Agreement
Exhibit B:  Schedule of Transactions in the Shares
 
 
     




1   *This outstanding Shares figure is based on the Ordinary Shares of the Issuer outstanding in accordance with the disclosure contained in the Issuer's Form 20-F dated April 18, 2016.



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.


 
November 18, 2016
 
 
(Date)
 
   
 
Teleios Capital Partners GmbH*
   
 
/ s/ Igor Kuzniar
 
Name:  Igor Kuzniar
Title: Managing Officer
 
Igor Kuzniar*
 
/s/ Igor Kuzniar
 
 
Firass Abi-Nassif*
   
 
/s/ Firass Abi-Nassif
   
 
Adam Epstein*
   
 
/s/ Adam Epstein

*  The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interests therein, and this report shall not be deemed an admission that such person is the beneficial owner of these securities for purposes of Section 16 of the U.S. Securities Exchange Act of 1934, as amended, or for any other purpose.

Attention:  Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).



Exhibit A


AGREEMENT


The undersigned agree that this Schedule 13D, dated November 18, 2016, relating to the Ordinary Shares, par value NIS 0.645 per share , of SodaStream International Ltd. shall be filed on behalf of the undersigned.


 
November 18, 2016
 
 
(Date)
 
   
 
Teleios Capital Partners GmbH
   
 
/ s/ Igor Kuzniar
 
Name: Igor Kuzniar
Title: Managing Officer
 
Igor Kuzniar
 
/s/ Igor Kuzniar
 
 
Firass Abi-Nassif
   
 
/s/ Firass Abi-Nassif
   
 
Adam Epstein
   
 
/s/ Adam Epstein















Exhibit B

Schedule of Transactions in the Shares by the Reporting Persons 2

DATE
SECURITY
TRANSACTION
AMOUNT
PRICE
11/8/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       28,512
27.3149
11/8/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       18,301
27.3149
11/8/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       76,287
27.3149
11/8/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       69,545
27.3149
11/2/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         7,325
25.469704
11/2/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         3,941
25.469704
11/2/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         2,619
25.469704
10/27/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         5,414
25.6256
10/27/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       14,306
25.6256
10/27/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         3,370
25.6256
10/27/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       12,765
25.6256
10/26/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         7,567
25.2857
10/26/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       19,994
25.2857
10/26/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         4,709
25.2857
10/26/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       17,839
25.2857
10/25/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       12,182
24.7759
10/25/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       32,189
24.7759
10/25/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         7,583
24.7759
10/25/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       28,722
24.7759
10/24/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         7,677
24.4548
10/24/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       20,286
24.4548
10/24/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         4,779
24.4548
10/24/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       18,098
24.4548
10/6/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         4,841
26.0852
10/7/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         6,360
26.1875
10/7/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         3,957
26.1875
10/7/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       16,801
26.1875
10/7/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       14,991
26.1875
10/5/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         1,466
26.3349
10/6/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         3,014
26.0852
10/6/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       12,792
26.0852
10/6/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       11,414
26.0852
10/5/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         5,553
26.3349
10/5/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         6,225
26.3349
10/5/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         2,356
26.3349
10/4/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       15,249
26.2566
10/4/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         6,302
26.2566
10/4/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       16,552
26.2566
10/4/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         3,908
26.2566
9/29/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       27,100
26.7022
9/28/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       54,785
26.5433
9/26/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       44,900
27.0934
9/23/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       80,000
27.2682
9/22/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       16,967
27.241808
9/21/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         5,834
26.0585
9/22/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       10,494
27.241808
9/22/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       40,680
27.241808
9/22/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       50,000
27.241808
9/21/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
         3,607
26.0585
9/21/2016
Ordinary Shares, par value NIS 0.645 per share
Purchase
       13,986
26.0585


 






2 All transactions in the Shares by the Reporting Persons were open market transactions.
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