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Section 1: SC 13G (SC 13G)

SC 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No.     )*

 

 

Elastic N.V.

(Name of Issuer)

ORDINARY SHARES, €0.01 PAR VALUE PER SHARE

(Title of Class of Securities)

N14506104

(CUSIP Number)

December 31, 2018

(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. N14506104    SCHEDULE 13G    Page 2 of 8 Pages

 

  1.       

  NAMES OF REPORTING PERSONS

 

   Hexavest S.à r.l

  2.      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (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

 

   6,571,709

  6.     

  SHARED VOTING POWER

 

   0

  7.     

  SOLE DISPOSITIVE POWER

 

   6,571,709

  8.     

  SHARED DISPOSITIVE POWER

 

   0

  9.      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

   6,571,709

10.      

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

 

  ☐

11.      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

   9.3% (1)

12.      

  TYPE OF REPORTING PERSON

 

   OO

 

(1)

The percent of class was calculated based on 70,973,965 ordinary shares outstanding as of November 30, 2018, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the period ended October 31, 2018, as filed with the Securities and Exchange Commission on December 12, 2018.


CUSIP No. N14506104    SCHEDULE 13G    Page 3 of 8 Pages

 

  1.       

  NAMES OF REPORTING PERSONS

 

   Index Ventures VI (Jersey) 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

 

   Jersey, Channel Islands

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.     

  SOLE VOTING POWER

 

   6,571,709

  6.     

  SHARED VOTING POWER

 

   0

  7.     

  SOLE DISPOSITIVE POWER

 

   6,571,709

  8.     

  SHARED DISPOSITIVE POWER

 

   0

  9.      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

   6,571,709

10.      

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

 

  ☐

11.      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

   9.3% (1)

12.      

  TYPE OF REPORTING PERSON

 

   PN

 

(1)

The percent of class was calculated based on 70,973,965 ordinary shares outstanding as of November 30, 2018, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the period ended October 31, 2018, as filed with the Securities and Exchange Commission on December 12, 2018.


CUSIP No. N14506104    SCHEDULE 13G    Page 4 of 8 Pages

 

  1.       

  NAMES OF REPORTING PERSONS

 

   Index Venture Associates VI Limited

  2.      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☒

 

  3.      

  SEC USE ONLY

 

  4.      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

   Jersey, Channel Islands

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.     

  SOLE VOTING POWER

 

   6,571,709

  6.     

  SHARED VOTING POWER

 

   0

  7.     

  SOLE DISPOSITIVE POWER

 

   6,571,709

  8.     

  SHARED DISPOSITIVE POWER

 

   0

  9.      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

   6,571,709

10.      

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

 

  ☐

11.      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

   9.3% (1)

12.      

  TYPE OF REPORTING PERSON

 

   CO

 

(1)

The percent of class was calculated based on 70,973,965 ordinary shares outstanding as of November 30, 2018, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the period ended October 31, 2018, as filed with the Securities and Exchange Commission on December 12, 2018.


CUSIP No. N14506104    SCHEDULE 13G    Page 5 of 8 Pages

 

Item 1.       Issuer
   (a)    Name of Issuer:
      Elastic N.V. (the “Issuer”)
   (b)    Address of Issuer’s Principal Executive Offices:
     

800 West El Camino Real

Suite 350

Mountain View, California 94040

Item 2.       Filing Person
   (a) – (c)    Name of Persons Filing; Address; Citizenship:
     

(i) Hexavest S.à r.l, a Luxembourg limited liability company (“Hexavest”).

 

(ii) Index Ventures VI (Jersey) L.P., a Jersey, Channel Islands partnership.

 

(iii) Index Venture Associates VI Limited, a Jersey, Channel Islands corporation.

      The address of the principal business office of Hexavest is 4 Rue De Fort Wallis, Luxembourg, L-2714 and for Index Ventures VI (Jersey) L.P. and Index Venture Associates VI Limited is 5th Floor, 44 Esplanade, St. Helier, Jersey, Channel Islands JE1 3FG.
      The shareholders of Hexavest include: Index Ventures IV (Jersey) LP (“Index Ventures IV”), Index Ventures IV Parallel Entrepreneur Fund (Jersey) LP (“Index Ventures IV Parallel”), Index Ventures VI (Jersey) LP (“Index Ventures VI”), Index Ventures VI Parallel Entrepreneur Fund (Jersey) LP (“Index Ventures VI Parallel” and, together with Index Ventures IV, Index Ventures IV Parallel and Index Ventures VI, the “Index Funds”) and Yucca (Jersey) SLP (“Yucca”). Index Ventures Associates IV Limited (“Index Ventures IV GP”) is the managing general partner of Index Ventures IV and Index Ventures IV Parallel, and Index Ventures Associates VI Limited (“Index Ventures VI GP”) is the managing general partner of Index Ventures VI and Index Ventures VI Parallel. The general partner of Yucca is Yucca Associates Limited (“Yucca Associates”). Yucca is an Index co-investment vehicle that is contractually required to mirror the Index Funds’ investment in the Ordinary Shares.
   (d)    Title of Class of Securities:
      Ordinary Shares, €0.01 par value per share ( “Ordinary Shares”)
   (e)   

CUSIP Number:

 

N14506104

Item 3.

  

If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

  

(a)

  

  

Broker or dealer registered under Section 15 of the Act;

  

(b)

  

  

Bank as defined in Section 3(a)(6) of the Act;

  

(c)

  

  

Insurance company as defined in Section 3(a)(19) of the Act;

  

(d)

  

  

Investment company registered under Section 8 of the Investment Company Act of 1940;

  

(e)

  

  

An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

  

(f)

  

  

An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

  

(g)

  

  

A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);


CUSIP No. N14506104    SCHEDULE 13G    Page 6 of 8 Pages

 

   (h)       A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
   (i)       A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;
   (j)       A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
   (k)       Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
      If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:


CUSIP No. N14506104    SCHEDULE 13G    Page 7 of 8 Pages

 

Item 4.    Ownership.   
   (a) and (b)    Amount beneficially owned:
     

(i) Hexavest directly owns 6,571,709 Ordinary Shares, which represents approximately 9.3% of the outstanding shares of Ordinary Shares.

     

(ii)  Index Ventures VI (Jersey), L.P. may be deemed to beneficially own all of the 6,571,709 Ordinary Shares directly held by Hexavest.

     

(iii)  Index Venture Associates VI Limited may be deemed to beneficially own all of the 6,571,709 Ordinary Shares directly held by Hexavest.

   (c)    Number of shares as to which such person has:
     
         

Number of Ordinary Shares

    

Reporting Person

  

(i)

  

(ii)

  

(iii)

  

(iv)

   Hexavest Sàrl    6,571,709    0    6,571,709    0
   Index Ventures VI    6,571,709       6,571,709   
   Index Ventures VI GP    6,571,709       6,571,709   
  

(i) Sole power to vote or direct the vote

 

(ii)  Shared power to vote or to direct the vote

 

(iii)  Sole power to dispose or to direct the disposition of

 

(iv) Shared power to dispose or to direct the disposition of

   The percent of class was calculated based on 70,973,965 ordinary shares outstanding as of November 30, 2018, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the period ended October 31, 2018, as filed with the Securities and Exchange Commission on December 12, 2018.

 

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 persons have 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 or Control Person.

 

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. N14506104    SCHEDULE 13G    Page 8 of 8 Pages

 

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 13, 2019

 

HEXAVEST S.à r.l
By:  

/s/ Alberto Morandini and /s/ Emilie Bordaneil

  Name: Alberto Morandini and Emilie Bordaneil
  Title: Managers
INDEX VENTURES VI (JERSEY) L.P.
By:  

/s/ Sinead Meehan

  Name: Sinead Meehan
  Title: Director
INDEX VENTURE ASSOCIATES VI LIMITED
By:  

/s/ Sinead Meehan

  Name: Sinead Meehan
  Title: Director
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Section 2: EX-99.1 (EX-99.1)

EX-99.1

EXHIBIT 99.1

JOINT FILING AGREEMENT

Each of the undersigned, pursuant to Rule 13d-1(k)(1) under the Act, hereby agrees and acknowledges that only one statement containing the information required by Schedule 13G need be filed with respect to the ownership by each of the undersigned of the shares of Ordinary Shares and the information required by this Schedule 13G, to which this Agreement is attached as an exhibit, is filed on behalf of them. The undersigned further agree that any further amendments or supplements thereto shall also be filed on behalf of each of them.

Dated: February 13, 2019

 

HEXAVEST S.à r.l
By:  

/s/ Alberto Morandini and /s/ Emilie Bordaneil

  Name: Alberto Morandini and Emilie Bordaneil
  Title: Managers
INDEX VENTURES VI (JERSEY) L.P.
By:  

/s/ Sinead Meehan

  Name: Sinead Meehan
  Title: Director
INDEX VENTURE ASSOCIATES VI LIMITED
By:  

/s/ Sinead Meehan

  Name: Sinead Meehan
  Title: Director
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