Form SC 13G North American Energy Filed by: Weiss Asset Management LP

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

North American Energy Partners Inc

(Name of Issuer)

Common Shares

(Title of Class of Securities)

656844107

(CUSIP Number)

September 10, 2015

(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)

x 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 disclosures provided in a prior cover page.

The information required on 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).

 

 

 

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CUSIP NO. 656844107		SCHEDULE 13G		PAGE 2 OF 11 PAGES

 

1.		NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON   WEISS ASSET MANAGEMENT LP
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   2,680,883
				7.		SOLE DISPOSITIVE POWER   0
				8.		SHARED DISPOSITIVE POWER   2,680,883
9.		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   2,680,883
10.		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  ¨
11.		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)   7.96%
12.		TYPE OF REPORTING PERSON*   IA – Investment Adviser

 

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CUSIP NO. 656844107		SCHEDULE 13G		PAGE 3 OF 11 PAGES

 

1.		NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON   BIP GP 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   1,742,574
				7.		SOLE DISPOSITIVE POWER   0
				8.		SHARED DISPOSITIVE POWER   1,742,574
9.		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   1,742,574
10.		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  ¨
11.		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)   5.17%
12.		TYPE OF REPORTING PERSON*   00 – Limited Liability Company

 

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CUSIP NO. 656844107		SCHEDULE 13G		PAGE 4 OF 11 PAGES

 

1.		NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON   WAM GP 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   2,680,883
				7.		SOLE DISPOSITIVE POWER   0
				8.		SHARED DISPOSITIVE POWER   2,680,883
9.		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   2,680,883
10.		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  ¨
11.		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)   7.96%
12.		TYPE OF REPORTING PERSON*   HC – Parent Holding Company/Control Person

 

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CUSIP NO. 656844107		SCHEDULE 13G		PAGE 5 OF 11 PAGES

 

1.		NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON   ANDREW M. WEISS, PH.D.
2.		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A)  ¨        (B)  ¨
3.		SEC USE ONLY
4.		CITIZENSHIP OR PLACE OF ORGANIZATION   USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:				5.		SOLE VOTING POWER   0
				6.		SHARED VOTING POWER   2,680,883
				7.		SOLE DISPOSITIVE POWER   0
				8.		SHARED DISPOSITIVE POWER   2,680,883
9.		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   2,680,883
10.		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  ¨
11.		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)   7.96%
12.		TYPE OF REPORTING PERSON*   HC – Parent Holding Company/Control Person

 

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CUSIP NO. 656844107		SCHEDULE 13G		PAGE 6 OF 11 PAGES

 

ITEM 1.

 

(a)

Name of Issuer: North American Energy Partners Inc

 

(b)

Address of Issuer’s Principal Executive Offices:

Suite 300, 18817 Stony Plain Road, Edmonton, Alberta, Canada T5S 0C2

ITEM 2.

(a) and (c): Name and Citizenship of Persons Filing:

 

(i)

BIP GP LLC, a Delaware limited liability company (“BIP GP”).

 

(ii)

Weiss Asset Management LP, a Delaware limited partnership (“Weiss Asset Management”).

 

(iii)

WAM GP LLC, a Delaware limited liability company (“WAM GP”).

 

(iv)

Andrew M. Weiss, Ph.D., a United States citizen (“Andrew Weiss”).

(b): Address of Principal Business Office:

BIP GP, Weiss Asset Management, WAM GP, and Andrew Weiss have a business address of 222 Berkeley St., 16th Floor, Boston, Massachusetts 02116

(d) Title of Class of Securities: Common Shares

(e) CUSIP Number: 656844107

 

ITEM 3.

IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS A:

 

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CUSIP NO. 656844107		SCHEDULE 13G		PAGE 7 OF 11 PAGES

 

ITEM 4.

OWNERSHIP

BIP GP*

 

(a)

Amount Beneficially Owned: 1,742,574

 

(b)

Percent of Class: 5.17%

 

(c)

Number of shares as to which such person has:

 

(i)

sole power to vote or to direct the vote: 0

 

(ii)

shared power to vote or to direct the vote: 1,742,574

 

(iii)

sole power to dispose or to direct the disposition of: 0

 

(iv)

shared power to dispose or to direct the disposition of: 1,742,574

WEISS ASSET MANAGEMENT*

 

(a)

Amount Beneficially Owned: 2,680,883

 

(b)

Percent of Class: 7.96%

 

(c)

Number of shares as to which such person has:

 

(i)

sole power to vote or to direct the vote: 0

 

(ii)

shared power to vote or to direct the vote: 2,680,883

 

(iii)

sole power to dispose or to direct the disposition of: 0

 

(iv)

shared power to dispose or to direct the disposition of: 2,680,883

WAM GP*

 

(a)

Amount Beneficially Owned: 2,680,883

 

(b)

Percent of Class: 7.96%

 

(c)

Number of shares as to which such person has:

 

(i)

sole power to vote or to direct the vote: 0

 

(ii)

shared power to vote or to direct the vote: 2,680,883

 

(iii)

sole power to dispose or to direct the disposition of: 0

 

(iv)

shared power to dispose or to direct the disposition of: 2,680,883

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CUSIP NO. 656844107		SCHEDULE 13G		PAGE 8 OF 11 PAGES

 

ANDREW M. WEISS, PH.D.*

 

(a)

Amount Beneficially Owned: 2,680,883

 

(b)

Percent of Class: 7.96%

 

(c)

Number of shares as to which such person has:

 

(i)

sole power to vote or to direct the vote: 0

 

(ii)

shared power to vote or to direct the vote: 2,680,883

 

(iii)

sole power to dispose or to direct the disposition of: 0

 

(iv)

shared power to dispose or to direct the disposition of: 2,680,883

 

*

Shares reported for BIP GP include shares beneficially owned by a private investment partnership (the “Partnership”) of which BIP GP is the sole general partner. Weiss Asset Management is the sole investment manager to the Partnership. WAM GP is the sole general partner of Weiss Asset Management. Andrew Weiss is the managing member of WAM GP and BIP GP. Shares reported for WAM GP, Andrew Weiss and Weiss Asset Management include shares beneficially owned by the Partnership (and reported above for BIP GP).

Each of BIP GP, WAM GP, Weiss Asset Management, and Andrew Weiss disclaims beneficial ownership of the shares reported herein as beneficially owned by each except to the extent of their respective pecuniary interest therein. The percent of class computations are based on 33,682,801 Common Shares issued and outstanding as of July 31, 2015, as reported in a Form 6-K filed with the SEC on August 5, 2015.

 

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 OR CONTROL PERSON

See Item 4.

 

ITEM 8.

IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

Not Applicable

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CUSIP NO. 656844107		SCHEDULE 13G		PAGE 9 OF 11 PAGES

 

ITEM 9.

NOTICE OF DISSOLUTION OF GROUP

Not Applicable

 

ITEM 10.

CERTIFICATION

By signing below, I certify that, to the best of my 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.

 

ITEM 11.

MATERIALS TO BE FILED AS EXHIBITS

Exhibit 1 Joint Filing Agreement

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CUSIP NO. 656844107		SCHEDULE 13G		PAGE 10 OF 11 PAGES

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I hereby certify that the information set forth in this statement is true, complete and correct.

Dated: September 15, 2015

 

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CUSIP NO. 656844107		SCHEDULE 13G		PAGE 11 OF 11 PAGES

 

Exhibit 1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, Weiss Asset Management LP, BIP GP LLC, WAM GP LLC, and Andrew M. Weiss, hereby agree to the joint filing on behalf of each of them of a statement on Schedule 13G and/or 13D (including any and all amendments thereto) with respect to the Common Shares of North American Energy Partners Inc, and further agree that this Joint Filing Agreement, as may be amended from time to time, shall be included as an Exhibit to such joint filings.

The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and/or 13D and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.

This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.

IN WITNESS WHEREOF, the undersigned have executed this Agreement as of September 15, 2015.

 

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