UNITED STATES
SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
GROUP 1 AUTOMOTIVE, INC.
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(Name of Issuer)
Common Stock, $.01 par value per share
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(Title of Class of Securities)
398905109
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(CUSIP Number)
January 4, 2008
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(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 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).
Continued on following pages
Page 1 of 12 Pages
Exhibit Index: Page 11
SCHEDULE 13G
CUSIP No.: 398905109 Page 2 of 12 Pages
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
ANCHORAGE CAPITAL MASTER OFFSHORE, LTD.
98-0418059
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2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
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3. SEC Use Only
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4. Citizenship or Place of Organization
Cayman Islands
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5. Sole Voting Power 1,969,100
Number of -----------------------------------------------------------
Shares 6. Shared Voting Power 0
Beneficially -----------------------------------------------------------
Owned by Each 7. Sole Dispositive Power 1,969,100
Reporting -----------------------------------------------------------
Person With 8. Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,969,100
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
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11. Percent of Class Represented by Amount in Row (9)
8.6% based on 22,777,750 shares outstanding as of October 31, 2007.
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12. Type of Reporting Person:
OO
SCHEDULE 13G
CUSIP No.: 398905109 Page 3 of 12 Pages
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
ANCHORAGE ADVISORS, L.L.C.
20-0042271
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2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
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3. SEC Use Only
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4. Citizenship or Place of Organization
Delaware
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5. Sole Voting Power 1,969,100
Number of -----------------------------------------------------------
Shares 6. Shared Voting Power 0
Beneficially -----------------------------------------------------------
Owned by Each 7. Sole Dispositive Power 1,969,100
Reporting -----------------------------------------------------------
Person With 8. Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,969,100
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
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11. Percent of Class Represented by Amount in Row (9)
8.6% based on 22,777,750 shares outstanding as of October 31, 2007.
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12. Type of Reporting Person:
OO, IA
SCHEDULE 13G
CUSIP No.:398905109 Page 4 of 12 Pages
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
ANCHORAGE ADVISORS MANAGEMENT, L.L.C.
20-0042478
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2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
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3. SEC Use Only
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4. Citizenship or Place of Organization
Delaware
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5. Sole Voting Power 1,969,100
Number of -----------------------------------------------------------
Shares 6. Shared Voting Power 0
Beneficially -----------------------------------------------------------
Owned by Each 7. Sole Dispositive Power 1,969,100
Reporting -----------------------------------------------------------
Person With 8. Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,969,100
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
8.6% based on 22,777,750 shares outstanding as of October 31, 2007.
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12. Type of Reporting Person:
OO, HC
SCHEDULE 13G
CUSIP No.: 398905109 Page 5 of 12 Pages
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
ANTHONY L. DAVIS
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2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
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3. SEC Use Only
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4. Citizenship or Place of Organization
United States of America
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5. Sole Voting Power 1,969,100
Number of -----------------------------------------------------------
Shares 6. Shared Voting Power 0
Beneficially -----------------------------------------------------------
Owned by Each 7. Sole Dispositive Power 1,969,100
Reporting -----------------------------------------------------------
Person With 8. Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,969,100
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
8.6% based on 22,777,750 shares outstanding as of October 31, 2007.
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12. Type of Reporting Person:
IN, HC
SCHEDULE 13G
CUSIP No.: 398905109 Page 6 of 12 Pages
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
KEVIN M. ULRICH
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2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
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3. SEC Use Only
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4. Citizenship or Place of Organization
Canada
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5. Sole Voting Power 1,969,100
Number of -----------------------------------------------------------
Shares 6. Shared Voting Power 0
Beneficially -----------------------------------------------------------
Owned by Each 7. Sole Dispositive Power 1,969,100
Reporting -----------------------------------------------------------
Person With 8. Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,969,100
------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
8.6% based on 22,777,750 shares outstanding as of October 31, 2007.
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12. Type of Reporting Person:
IN, HC
Page 7 of 12 Pages
Item 1(a). Name of Issuer:
Group 1 Automotive, Inc. (the "Issuer").
Item 1(b). Address of Issuer's Principal Executive Offices:
950 Echo Lane, Suite 100, Houston, TX 77024.
Item 2(a). Name of Person Filing:
This Statement is filed on behalf of each of the following persons
(collectively, the "Reporting Persons"):
i) Anchorage Capital Master Offshore, Ltd. ("Anchorage Offshore");
ii)Anchorage Advisors, L.L.C. ("Advisors");
iii)Anchorage Advisors Management, L.L.C. ("Management");
iv)Anthony L. Davis ("Mr. Davis"); and
v) Kevin M. Ulrich ("Mr. Ulrich").
This statement relates to Shares (as defined herein) held for the
account of Anchorage Offshore. Advisors is the investment advisor to Anchorage
Offshore. Management is the sole managing member of Advisors. Mr. Davis is the
President of Advisors and a managing member of Management, and Mr. Ulrich is the
Chief Executive Officer of Advisors and the other managing member of Management.
Item 2(b). Address of Principal Business Office or, if None, Residence:
The address of the principal business office of each of the
Reporting Persons is 610 Broadway, 6th Floor, New York, NY 10012.
Item 2(c). Citizenship:
1) Anchorage Offshore is a Cayman Islands exempted company
incorporated with limited liability;
2) Advisors is a Delaware limited liability company;
3) Management is a Delaware limited liability company;
4) Mr. Davis is a citizen of the United States of America; and
5) Mr. Ulrich is a citizen of Canada.
Page 8 of 12 Pages
Item 2(d). Title of Class of Securities:
Common Stock, $.01 par value per share (the "Shares")
Item 2(e). CUSIP Number:
398905109
Item 3. If This Statement is Filed Pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), Check Whether the Person Filing is a:
This Item 3 is not applicable.
Item 4. Ownership:
Item 4(a) Amount Beneficially Owned:
As of the date hereof, each of the Reporting Persons may be deemed
beneficial owner of 1,969,100 Shares.
Item 4(b) Percent of Class:
The number of Shares of which the Reporting Persons may be deemed
to be the beneficial owner constitutes approximately 8.6% of the total number
of Shares outstanding (based upon information provided by the Issuer in its most
recently-filed quarterly report on Form 10-Q, there were 22,777,750 shares
outstanding as of October 31, 2007).
Item 4(c) Number of Shares of which such person has:
Anchorage Offshore:
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(i) Sole power to vote or direct the vote: 1,969,100
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition of: 1,969,100
(iv) Shared power to dispose or direct the disposition of: 0
Advisors:
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(i) Sole power to vote or direct the vote: 1,969,100
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition of: 1,969,100
(iv) Shared power to dispose or direct the disposition of: 0
Management:
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(i) Sole power to vote or direct the vote: 1,969,100
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition of: 1,969,100
Page 9 of 12 Pages
(iv) Shared power to dispose or direct the disposition of: 0
Mr. Davis:
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(i) Sole power to vote or direct the vote: 1,969,100
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition of: 1,969,100
(iv) Shared power to dispose or direct the disposition of: 0
Mr. Ulrich:
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(i) Sole power to vote or direct the vote: 1,969,100
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition of: 1,969,100
(iv) Shared power to dispose or direct the disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class:
This Item 5 is not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
This Item 6 is not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company:
This Item 7 is not applicable
Item 8. Identification and Classification of Members of the Group:
See disclosure in Item 2 hereof.
Item 9. Notice of Dissolution of Group:
This Item 9 is not applicable.
Item 10. Certification:
By signing below each of the Reporting Persons certifies that, to
the best of their 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.
Page 10 of 12 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.
ANCHORAGE CAPITAL MASTER OFFSHORE LTD.
Date: January 14, 2008
By: /s/ Kevin M. Ulrich
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Name: Kevin M. Ulrich
Title: Director
Date: January 14, 2008 ANCHORAGE ADVISORS, L.L.C.
By: Anchorage Advisors Management, L.L.C.,
its Managing Member
By: /s/ Anthony L. Davis
-------------------------------
Name: Anthony L. Davis
Title: Managing Member
Date: January 14, 2008 ANCHORAGE ADVISORS MANAGEMENT, L.L.C.
By: /s/ Anthony L. Davis
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Name: Anthony L. Davis
Title: Managing Member
Date: January 14, 2008 ANTHONY L. DAVIS
/s/ Anthony L Davis
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Date: January 14, 2008 KEVIN M. ULRICH
/s/ Kevin M. Ulrich
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Page 11 of 12 Pages
EXHIBIT INDEX
Ex. Page No.
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A Joint Filing Agreement, dated January 14, 2008 by and
among Reporting Persons........................... 12
Page 12 of 12 Pages
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G
with respect to the Common Stock of Group 1 Automotive, Inc. dated as of January
14, 2008 is, and any amendments thereto (including amendments on Schedule 13D)
signed by each of the undersigned shall be, filed on behalf of each of us
pursuant to and in accordance with the provisions of Rule 13d-1(k) under the
Securities Exchange Act of 1934, as amended.
ANCHORAGE CAPITAL MASTER OFFSHORE LTD.
Date: January 14, 2008
By: /s/ Kevin M. Ulrich
---------------------------------------
Name: Kevin M. Ulrich
Title: Director
Date: January 14, 2008 ANCHORAGE ADVISORS, L.L.C.
By: Anchorage Advisors Management, L.L.C.,
its Managing Member
By: /s/ Anthony L. Davis
-------------------------------
Name: Anthony L. Davis
Title: Managing Member
Date: January 14, 2008 ANCHORAGE ADVISORS MANAGEMENT, L.L.C.
By: /s/ Anthony L. Davis
---------------------------------------
Name: Anthony L. Davis
Title: Managing Member
Date: January 14, 2008 ANTHONY L. DAVIS
/s/ Anthony L Davis
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Date: January 14, 2008 KEVIN M. ULRICH
/s/ Kevin M. Ulrich
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