Schedule 13G/A: KKR Discloses 21.53M-Share Position in BrightView

Rhea-AI Filing Summary

KKR and related entities report beneficial ownership of 21,533,123 shares of BrightView Holdings, Inc. (BV), representing 22.6% of the company's common stock based on 95,300,000 shares outstanding as reported by the issuer. The filing shows sole voting power and sole dispositive power over those 21,533,123 shares and lists multiple KKR entities and the founding partners as reporting persons.

The statement is an amendment to prior Schedule 13G filings and notes that various KKR entities and Messrs. Henry R. Kravis and George R. Roberts may be deemed beneficial owners of the shares held by KKR BrightView Aggregator L.P., although several entities disclaim beneficial ownership. This is a disclosure of concentrated ownership but contains no operational, financial performance, or transaction details beyond the ownership figures.

Positive

• Material disclosed stake: KKR BrightView Aggregator L.P. directly holds 21,533,123 shares, representing 22.6% of BV common stock.
• Sole voting and dispositive power: The filing reports sole voting power and sole dispositive power over the 21,533,123 shares.

Negative

• None.

Insights

Financial Analyst

TL;DR: KKR discloses a large, disclosed stake in BrightView: 21.53M shares (22.6%), with sole voting and dispositive power reported.

This Schedule 13G/A confirms that KKR BrightView Aggregator L.P. directly holds 21,533,123 shares, equal to 22.6% of outstanding common stock based on 95,300,000 shares. The filing details sole voting and dispositive authority for those shares and identifies a chain of KKR affiliates that may be deemed beneficial owners, with some entities disclaiming ownership. For investors, the key implication is a material ownership concentration disclosed in a regulatory filing; the document itself does not report any change in corporate operations, financing, or plans that would alter financial forecasts.

Corporate Governance Expert

TL;DR: Material ownership concentration disclosed; reporting structure shows multiple related entities and express disclaimers of ownership.

The filing is a governance-level disclosure showing that a single sponsor complex and its principals are associated with a 22.6% stake and hold stated sole voting and dispositive power over 21,533,123 shares. The document lists the reporting persons and explicitly records disclaimers of beneficial ownership by several entities while noting Messrs. Kravis and Roberts may be deemed owners but disclaim ownership as well. This is significant from a control and shareholder composition perspective; the filing contains no additional governance actions or proposals.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

BrightView Holdings, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

10948C107

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 10948C107

1

Names of Reporting Persons

KKR BrightView Aggregator L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(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 21,533,123.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 21,533,123.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

21,533,123.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

22.6 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 10948C107

1

Names of Reporting Persons

KKR BrightView Aggregator GP LLC

2

Check the appropriate box if a member of a Group (see instructions)

(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 21,533,123.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 21,533,123.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

21,533,123.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

22.6 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 10948C107

1

Names of Reporting Persons

KKR North America Fund XI L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 21,533,123.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 21,533,123.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

21,533,123.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

22.6 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 10948C107

1

Names of Reporting Persons

KKR Associates North America XI L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 21,533,123.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 21,533,123.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

21,533,123.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

22.6 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 10948C107

1

Names of Reporting Persons

KKR North America XI Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 21,533,123.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 21,533,123.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

21,533,123.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

22.6 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 10948C107

1

Names of Reporting Persons

KKR Group Partnership L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 21,533,123.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 21,533,123.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

21,533,123.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

22.6 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 10948C107

1

Names of Reporting Persons

KKR Group Holdings Corp.

2

Check the appropriate box if a member of a Group (see instructions)

(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 21,533,123.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 21,533,123.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

21,533,123.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

22.6 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. 10948C107

1

Names of Reporting Persons

KKR Group Co. Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(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 21,533,123.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 21,533,123.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

21,533,123.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

22.6 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. 10948C107

1

Names of Reporting Persons

KKR & Co. Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(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 21,533,123.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 21,533,123.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

21,533,123.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

22.6 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. 10948C107

1

Names of Reporting Persons

KKR Management LLP

2

Check the appropriate box if a member of a Group (see instructions)

(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 21,533,123.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 21,533,123.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

21,533,123.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

22.6 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 10948C107

1

Names of Reporting Persons

Henry R. Kravis

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 21,533,123.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 21,533,123.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

21,533,123.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

22.6 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP No. 10948C107

1

Names of Reporting Persons

George R. Roberts

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 21,533,123.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 21,533,123.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

21,533,123.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

22.6 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BrightView Holdings, Inc.
(b)	Address of issuer's principal executive offices: 980 Jolly Road, Blue Bell, Pennsylvania, 19422
Item 2.
(a)	Name of person filing: This is Amendment No. 6 to the Schedule 13G filed with the Securities and Exchange Commission on February 13, 2019, as amended on February 14, 2020, February 12, 2021, February 10, 2022, February 13, 2023 and November 13, 2024. Pursuant to Rule 13d-1(d) under the Securities Exchange Act of 1934, as amended (the "Act"), each of the persons listed below under Item 2 (each, a "Reporting Person" and, collectively, the "Reporting Persons"), have agreed to file one statement with respect to their beneficial ownership of Common Stock, par value $0.01 per share ("Common Stock"), of BrightView Holdings, Inc. (the "Issuer"). (i) KKR BrightView Aggregator L.P. (ii) KKR BrightView Aggregator GP LLC ("KKR BrightView GP") (iii) KKR North America Fund XI L.P. ("KKR North America Fund XI") (iv) KKR Associates North America XI L.P. ("KKR Associates North America") (v) KKR North America XI Limited ("KKR North America Limited") (vi) KKR Group Partnership L.P. ("KKR Group Partnership") (vii) KKR Group Holdings Corp. ("KKR Group Holdings") (viii) KKR Group Co. Inc. ("KKR Group Co.") (ix) KKR & Co. Inc. ("KKR & Co.") (x) KKR Management LLP ("KKR Management") (xi) Henry R. Kravis (xii) George R. Roberts
(b)	Address or principal business office or, if none, residence: The principal business office for all persons filing (other than Mr. Roberts) is: c/o Kohlberg Kravis Roberts & Co. L.P. 30 Hudson Yards New York, New York 10001 The principal business office for George R. Roberts is: c/o Kohlberg Kravis Roberts & Co. L.P. 2800 Sand Hill Road, Suite 200 Menlo Park, CA 94025
(c)	Citizenship: See Item 4 of each cover page.
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP No.: 10948C107
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:
(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 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 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: As of June 30, 2025, KKR BrightView Aggregator L.P. directly held 21,533,123 shares of Common Stock, or 22.6% of the outstanding shares of Common Stock based on 95,300,000 shares of Common Stock outstanding as of April 30, 2025, as reported in the Quarterly Report on Form 10-Q, filed by the Issuer with the Securities and Exchange Commission on May 7, 2025. Each of KKR BrightView GP (as the general partner of KKR BrightView Aggregator L.P.); KKR North America Fund XI (as the sole member of KKR BrightView GP); KKR Associates North America (as the general partner of KKR North America Fund XI); KKR North America Limited (as the general partner of KKR Associates North America); KKR Group Partnership (as the sole shareholder of KKR North America Limited); KKR Group Holdings (as the general partner of KKR Group Partnership); KKR Group Co. (as the sole shareholder of KKR Group Holdings); KKR & Co. (as the sole shareholder of KKR Group Co.), and KKR Management (as the Series I preferred stockholder of KKR & Co.) may also be deemed to be the beneficial owner of the securities held by KKR BrightView Aggregator L.P. KKR BrightView GP, KKR North America Fund XI, KKR Associates North America, KKR North America Limited, KKR Group Partnership, KKR Group Holdings, KKR Group Co., KKR & Co., and KKR Management disclaim beneficial ownership of such securities. As the founding partners of KKR Management, Messrs. Henry R. Kravis and George R. Roberts may be deemed to be the beneficial owner of the securities held by KKR BrightView Aggregator L.P. but disclaim beneficial ownership of such securities.
(b)	Percent of class: See Item 4(a) above.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Item 5 of each cover page.
	(ii) Shared power to vote or to direct the vote: See Item 6 of each cover page.
	(iii) Sole power to dispose or to direct the disposition of: See Item 7 of each cover page.
	(iv) Shared power to dispose or to direct the disposition of: See Item 8 of each cover page.
Item 6.	Ownership of more than 5 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.	Certifications:
	Not Applicable

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.

KKR BrightView Aggregator L.P.

Signature:	By: KKR BrightView Aggregator GP LLC, its general partner /s/ Christopher Lee
Name/Title:	Christopher Lee, Assistant Secretary
Date:	08/08/2025

KKR BrightView Aggregator GP LLC

Signature:	/s/ Christopher Lee
Name/Title:	Christopher Lee, Assistant Secretary
Date:	08/08/2025

KKR North America Fund XI L.P.

Signature:	By: KKR Associates North America XI L.P., its GP, By: KKR North America XI Limited, its GP /s/ Christopher Lee
Name/Title:	Christopher Lee, Assistant Secretary
Date:	08/08/2025

KKR Associates North America XI L.P.

Signature:	By: KKR North America XI Limited, its general partner /s/ Christopher Lee
Name/Title:	Christopher Lee, Assistant Secretary
Date:	08/08/2025

KKR North America XI Limited

Signature:	/s/ Christopher Lee
Name/Title:	Christopher Lee, Assistant Secretary
Date:	08/08/2025

KKR Group Partnership L.P.

Signature:	By: KKR Group Holdings Corp., its general partner /s/ Christopher Lee
Name/Title:	Christopher Lee, Secretary
Date:	08/08/2025

KKR Group Holdings Corp.

Signature:	/s/ Christopher Lee
Name/Title:	Christopher Lee, Secretary
Date:	08/08/2025

KKR Group Co. Inc.

Signature:	/s/ Christopher Lee
Name/Title:	Christopher Lee, Secretary
Date:	08/08/2025

KKR & Co. Inc.

Signature:	/s/ Christopher Lee
Name/Title:	Christopher Lee, Secretary
Date:	08/08/2025

KKR Management LLP

Signature:	/s/ Christopher Lee
Name/Title:	Christopher Lee, Assistant Secretary
Date:	08/08/2025

Henry R. Kravis

Signature:	/s/ Christopher Lee
Name/Title:	Christopher Lee, Attorney-in-fact
Date:	08/08/2025

George R. Roberts

Signature:	/s/ Christopher Lee
Name/Title:	Christopher Lee, Attorney-in-fact
Date:	08/08/2025

Exhibit Information

Exhibit Number Title 99.1 Powers of Attorney

FAQ

What stake does KKR report in BrightView Holdings (BV)?

KKR reports beneficial ownership of 21,533,123 shares, equal to 22.6% of BV common stock based on 95,300,000 shares outstanding.

Which KKR entities and individuals are listed as reporting persons on the Schedule 13G/A for BV?

Reporting persons include KKR BrightView Aggregator L.P., multiple KKR affiliates (e.g., KKR BrightView GP, KKR North America Fund XI), and individuals Henry R. Kravis and George R. Roberts.

What voting and dispositive powers are reported for the 21,533,123 BV shares?

The filing reports sole voting power: 21,533,123, shared voting power: 0, sole dispositive power: 21,533,123, and shared dispositive power: 0.

Does the filing state whether KKR entities disclaim beneficial ownership of the BV shares?

Yes. Several KKR entities in the filing explicitly disclaim beneficial ownership of the securities held by KKR BrightView Aggregator L.P., and Messrs. Kravis and Roberts also disclaim beneficial ownership.

On what share count is the 22.6% ownership percentage based?

The 22.6% figure is based on 95,300,000 shares outstanding as reported by the issuer in its quarterly report referenced in the filing.

Does this Schedule 13G/A disclose any transactions, operational changes, or plans by KKR regarding BV?

No. The document is a disclosure of beneficial ownership and does not report transactions, operational actions, or strategic plans.