UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.     )*

Despegar.com Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

G27358103

(CUSIP Number)

December 29, 2023

(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. G27358103

 

  1      

 

  NAME OF REPORTING PERSON

 

  Mitsubishi UFJ Financial Group, Inc.

  2    

 

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)

  (b)

 

  3    

 

  SEC USE ONLY

 

  4    

 

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Tokyo, Japan

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  3,329,328

  6     

  SHARED VOTING POWER

 

  -0-

  7     

  SOLE DISPOSITIVE POWER

 

  3,329,328

  8     

  SHARED DISPOSITIVE POWER

 

  -0-

  9      

 

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  3,329,328

10    

 

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

 

11    

 

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  5.0%

12    

 

  TYPE OF REPORTING PERSON

 

  FI

 

2


CUSIP NO. G27358103

 

  1      

 

  NAME OF REPORTING PERSON

 

  Mitsubishi UFJ Trust and Banking Corporation

  2    

 

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)

  (b)

 

  3    

 

  SEC USE ONLY

 

  4    

 

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Tokyo, Japan

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  3,329,328

  6     

  SHARED VOTING POWER

 

  -0-

  7     

  SOLE DISPOSITIVE POWER

 

  3,329,328

  8     

  SHARED DISPOSITIVE POWER

 

  -0-

  9      

 

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  3,329,328

10    

 

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

 

11    

 

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  5.0%

12    

 

  TYPE OF REPORTING PERSON

 

  FI

 

3


CUSIP NO. G27358103

 

  1      

 

  NAME OF REPORTING PERSON

 

  First Sentier Investors Holdings Pty Ltd

  2    

 

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)

  (b)

 

  3    

 

  SEC USE ONLY

 

  4    

 

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  New South Wales, Commonwealth of Australia

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  3,329,328

  6     

  SHARED VOTING POWER

 

  -0-

  7     

  SOLE DISPOSITIVE POWER

 

  3,329,328

  8     

  SHARED DISPOSITIVE POWER

 

  -0-

  9      

 

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  3,329,328

10    

 

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

 

11    

 

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  5.0%

12    

 

  TYPE OF REPORTING PERSON

 

  FI

 

4


CUSIP NO. G27358103

 

ITEM 1

       
  (a)             Name of Issuer   
     Despegar.com Corp   
  (b)    Address of Issuer’s Principal Executive Offices   
     Juana Manso 999 Ciudad Autonoma de Buenos Aires, C1107CBR Argentina   

ITEM 2

       
  (a)    Names of Persons Filing   
     Mitsubishi UFJ Financial Group, Inc. (“MUFG”)   
     Mitsubishi UFJ Trust and Banking Corporation (“MUTB”)   
     First Sentier Investors Holdings Pty Ltd (“FSIHD”)   
  (b)    Address of Principal Business Office or, if none, Residence   
     MUFG :   
     7-1 Marunouchi 2-chome, Chiyoda-ku   
     Tokyo 100-8330, Japan   
     MUTB :   
     4-5 Marunouchi 1-chome, Chiyoda-ku   
     Tokyo 100-8212, Japan   
     FSIHD :   
     Level 5, Tower Three International Towers Sydney,   
     300 Barangaroo Avenue, Barangaroo NSW 2000, Australia   
  (c)    Citizenship   
     MUFG and MUTB: Japan   
     FSIHD: Commonwealth of Australia   
  (d)    Title of Class of Securities   
     Common Stock   
  (e)             CUSIP Number   
     G27358103   

 

5


CUSIP NO. G27358103

 

ITEM 3

    

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

MUFG:    

  

(a)[  ]

  

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

    

(b)[  ]

  

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

    

(c)[  ]

  

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

    

(d)[  ]

  

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

    

(e)[  ]

  

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

    

(f)[  ]

  

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

    

(g)[  ]

  

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

    

(h)[  ]

  

A savings association 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 (15 U.S.C. 80a-3);

    

(j)[√]

  

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);

    

(k)[  ]

  

Group, in accordance with § 240.13d-1(b)(1)(ii)(K).

    

If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:    Parent holding company

 

MUTB:    

  

(a)[  ]

  

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

    

(b)[  ]

  

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

    

(c)[  ]

  

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

    

(d)[  ]

  

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

    

(e)[  ]

  

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

    

(f)[  ]

  

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

    

(g)[  ]

  

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

    

(h)[  ]

  

A savings association 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 (15 U.S.C. 80a-3);

    

(j)[√]

  

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);

    

(k)[  ]

  

Group, in accordance with § 240.13d-1(b)(1)(ii)(K).

    

If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:    Bank

 

6


CUSIP NO. G27358103

 

 

FSIHD:    

  

(a)[  ]

  

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

    

(b)[  ]

  

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

    

(c)[  ]

  

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

    

(d)[  ]

  

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

    

(e)[  ]

  

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

    

(f)[  ]

  

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

    

(g)[  ]

  

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

    

(h)[  ]

  

A savings association 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 (15 U.S.C. 80a-3);

    

(j)[√]

  

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);

    

(k)[  ]

  

Group, in accordance with § 240.13d-1(b)(1)(ii)(K).

    

If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:    Parent holding company

 

ITEM 4

    

Ownership

  
    

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

 

    

For MUFG

  
    

(a)

  

Amount beneficially owned:

     3,329,328  
    

(b)

  

Percent of class:

     5.04%  
    

(c)

  

Number of shares as to which the person has:

  
       

(i) Sole power to vote or to direct the vote:

     3,329,328  
       

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

     -0-  
       

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

     3,329,328  
       

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

     -0-  

 

7


CUSIP NO. G27358103

 

    

For MUTB

  
    

(a)

  

Amount beneficially owned:

     3,329,328  
    

(b)

  

Percent of class:

     5.04%  
    

(c)

  

Number of shares as to which the person has:

  
       

(i) Sole power to vote or to direct the vote:

     3,329,328  
       

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

     -0-  
       

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

     3,329,328  
       

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

     -0-  
    

For FSIHD

  
    

(a)

  

Amount beneficially owned:

     3,329,328  
    

(b)

  

Percent of class:

     5.04%  
    

(c)

  

Number of shares as to which the person has:

  
       

(i) Sole power to vote or to direct the vote:

     3,329,328  
       

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

     -0-  
       

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

     3,329,328  
       

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

     -0-  
ITEM 5     

Ownership of Five Percent or Less of a Class

 

    

Not applicable.

 

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

 

    

As of December 29, 2023, MUFG beneficially owns 3,329,328 shares of the issuer indirectly through its subsidiaries as follows: MUTB holds 3,329,328 shares; and (indirectly through a subsidiary, FSIHD). Furthermore, FSIHD holds 3,329,328 shares (indirectly through a subsidiary, First Sentier Investors (Singapore)).

 

ITEM 8

    

Identification and Classification of Members of the Group

 

    

Not applicable.

 

ITEM 9

    

Notice of Dissolution of Group

 

    

Not applicable.

 

ITEM 10

    

Certifications

 

    

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.

 

 

8


CUSIP NO. G27358103

 

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.

 

January 29th, 2024

Mitsubishi UFJ Financial Group, Inc.

By:

 

/s/ Ryuichiro Sakuma

Name:

 

Ryuichiro Sakuma

Title:

 

Managing Director,

Deputy Head of Credit Policy & Planning Division

 

9


CUSIP NO. G27358103

 

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.

 

January 29th, 2024

Mitsubishi UFJ Trust and Banking Corporation

By:

 

/s/ Satoru Hanami

Name:

 

Satoru Hanami

Title:

 

Joint General Manager,

Asset Management and Investor Services Planning Division

 

10


CUSIP NO. G27358103

 

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.

 

January 29th, 2024

First Sentier Investors Holdings Pty Ltd

By:

 

/s/ Yoshiki Ueno

Name:

 

Yoshiki Ueno

Title:

 

Deputy CEO

 

11


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