SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

 

SCHEDULE 13G


INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934

Differential Brands Group Inc.
(Name of Issuer)



COMMON STOCK
(Title of Class of Securities)



25374L108
(CUSIP Number)


 June 27, 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)



CUSIP No. 25374L108
13G
Page 2 of 6 Pages


1
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
 
 
Knight's Bridge Capital Partners Fund I 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
 
Ontario, Canada
 
 
5
SOLE VOTING POWER
NUMBER OF
 
0
SHARES
6
SHARED VOTING POWER
BENEFICIALLY
 
0
OWNED BY
7
SOLE DISPOSITIVE POWER
EACH
 
0
REPORTING
8
SHARED DISPOSITIVE POWER
PERSON WITH
 
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
0
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 
 
    
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
<5%
 
 
12
TYPE OF REPORTING PERSON*
 
PN
 
*SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. 25374L108
13G
Page 3 of 6 Pages


1
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
 
 
Knight's Bridge Capital Partners Fund I (U.S.) 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
 
Ontario, Canada
 
 
5
SOLE VOTING POWER
NUMBER OF
 
0
SHARES
6
SHARED VOTING POWER
BENEFICIALLY
 
0
OWNED BY
7
SOLE DISPOSITIVE POWER
EACH
 
0
REPORTING
8
SHARED DISPOSITIVE POWER
PERSON WITH
 
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
0
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 
 
    
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
<5%*
 
 
12
TYPE OF REPORTING PERSON*
 
PN
 

CUSIP No. 25374L108
13G
Page 4 of 6 Pages


Item 1 (a).    Name of Issuer:

Differential Brands Group Inc.

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

1231 South Gerhart Avenue
Commerce, CA 90022

Item 2 (a).    Name of Person Filing:

i) Knight's Bridge Capital Partners Fund I L.P.
ii) Knight's Bridge Capital Partners Fund I (U.S.) L.P.
 
Item 2 (b).    Address of Principal Business Office or, if None, Residence:

90 Adelaide Street West, Suite 601
Toronto, Ontario M5H 3V9 Canada

Item 2 (c).    Citizenship:

i) Ontario, Canada
ii) Delaware

Item 2 (d).    Title of Class of Securities:

Common Stock

Item 2 (e).    CUSIP Number:

25374L108
 
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;

(e)   ☐
Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

(f)   ☐
Employee benefit plan or endowment plan in accordance with Rule 13d-1(b)(1)(ii)(F);

(g)   ☐
Parent holding company or control person, in accordance with Rule 13d-1(b)(1)(ii)(G);

(h)   ☐
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;

(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)   ☐
Group, in accordance with Rule 13d-1(b)(1)(ii)(j).

If this statement is filed pursuant to Rule 13d-1(c), check this box.


CUSIP No. 25374L108
13G
Page 5 of 6 Pages

 
Item 4.
Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities identified in Item 1.

(a)
Amount beneficially owned: 0
 
(b)
Percent of class:  <5%

(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:  0
 
(iii)     Sole power to dispose or to direct the disposition of:  0
 
(iv)    Shared power to dispose or to direct the disposition of:  0

 
Instruction.  For computations regarding securities which represent a right to acquire an underlying security, see Rule 13d-3(d)(1).

Item 5.
Ownership of Five Percent or Less of a Class.

If the 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 [ X ].


Item 6.
Ownership of More than Five Percent on Behalf of Another Person.

N/A

Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

N/A

Item 8.
Identification and Classification of Members of the Group.

N/A

Item 9.
Notice of Dissolution of Group.

N/A


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.


CUSIP No. 25374L108
13G
Page 6 of 6 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.



 
July 3, 2018
 
(Date)
   
 
KNIGHT'S BRIDGE CAPITAL PARTNERS FUND I L.P.
 
 
 
By: /s/ Kenneth Finkelstein                                                 
Kenneth Finkelstein, General Partner
   
   
 
July 3, 2018
 
(Date)
   
 
KNIGHT'S BRIDGE CAPITAL PARTNERS FUND I (U.S.) L.P.
 
 
 
By: /s/ Kenneth Finkelstein                                                 
Kenneth Finkelstein, General Partner