UNITED STATES
SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
-------------------------------------------------------------------------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
QUANTA CAPITAL HOLDINGS LIMITED
-------------------------------
(Name of Issuer)
Common Stock, $0.01 par value per share
---------------------------------------
(Title of Class of Securities)
G7313F106
--------------------------
(CUSIP Number)
Brad Huntington
Brevan Howard P&C Partners Limited
12 Bermudiana Road
3rd Floor
Hamilton, HMAX
Bermuda
+14412929774
--------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 2, 2007
--------------------------
(Date of Event which Requires Filing of this Statement)
If the filing Persons has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
statement because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties to whom copies are to be sent.
* 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).
SCHEDULE 13G
CUSIP No.: G7313F106 Page 2 of 12 Pages
.................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
BREVAN HOWARD P&C PARTNERS LIMITED
.................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
.................................................................................
3. SEC Use Only
.................................................................................
4. Source of Funds (See Instructions)
WC
.................................................................................
5. Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
[ ]
.................................................................................
6. Citizenship or Place of Organization
BERMUDA
.................................................................................
Number of 7. Sole Voting Power None
Shares
Beneficially ................................................................
Owned by Each
Reporting 8. Shared Voting Power 4,493,045
Person With ................................................................
9. Sole Dispositive Power None
................................................................
10. Shared Dispositive Power 4,493,045
.................................................................................
11. Aggregate Amount Beneficially Owned by Each Reporting Person
4,493,045
.................................................................................
12. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
|_|
.................................................................................
13. Percent of Class Represented by Amount in Row (9)
6.41% based on 70,107,240 shares outstanding as of August 1, 2007.
.................................................................................
14. Type of Reporting Person:
PN
SCHEDULE 13G
CUSIP No.: G7313F106 Page 3 of 12 Pages
.................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
ARMOUR GROUP HOLDINGS LIMITED
.................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
.................................................................................
3. SEC Use Only
.................................................................................
4. Source of Funds (See Instructions)
WC
.................................................................................
5. Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
[ ]
.................................................................................
6. Citizenship or Place of Organization
CAYMAN ISLANDS
.................................................................................
Number of 7. Sole Voting Power None
Shares
Beneficially ................................................................
Owned by Each
Reporting 8. Shared Voting Power 4,493,045
Person With ................................................................
9. Sole Dispositive Power None
................................................................
10. Shared Dispositive Power 4,493,045
.................................................................................
11. Aggregate Amount Beneficially Owned by Each Reporting Person
4,493,045
.................................................................................
12. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
|_|
.................................................................................
13. Percent of Class Represented by Amount in Row (9)
6.41% based on 70,107,240 shares outstanding as of August 1, 2007.
.................................................................................
14. Type of Reporting Person:
OO
SCHEDULE 13G
CUSIP No.: G7313F106 Page 4 of 12 Pages
.................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
BREVAN HOWARD P&C MASTER FUND LIMITED
.................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
.................................................................................
3. SEC Use Only
.................................................................................
4. Source of Funds (See Instructions)
WC
.................................................................................
5. Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
[ ]
.................................................................................
6. Citizenship or Place of Organization
CAYMAN ISLANDS
.................................................................................
Number of 7. Sole Voting Power None
Shares
Beneficially ................................................................
Owned by Each
Reporting 8. Shared Voting Power 4,493,045
Person With ................................................................
9. Sole Dispositive Power None
................................................................
10. Shared Dispositive Power 4,493,045
.................................................................................
11. Aggregate Amount Beneficially Owned by Each Reporting Person
4,493,045
.................................................................................
12. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
|_|
.................................................................................
13. Percent of Class Represented by Amount in Row (9)
6.41% based on 70,107,240 shares outstanding as of August 1, 2007.
.................................................................................
14. Type of Reporting Person:
OO
SCHEDULE 13G
CUSIP No.: G7313F106 Page 5 of 12 Pages
.................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
BRAD HUNTINGTON
.................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
.................................................................................
3. SEC Use Only
.................................................................................
4. Source of Funds (See Instructions)
WC
.................................................................................
5. Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
[ ]
.................................................................................
6. Citizenship or Place of Organization
CANADA
.................................................................................
Number of 7. Sole Voting Power None
Shares
Beneficially ................................................................
Owned by Each
Reporting 8. Shared Voting Power 4,493,045
Person With ................................................................
9. Sole Dispositive Power None
................................................................
10. Shared Dispositive Power 4,493,045
.................................................................................
11. Aggregate Amount Beneficially Owned by Each Reporting Person
4,493,045
.................................................................................
12. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
|_|
.................................................................................
13. Percent of Class Represented by Amount in Row (9)
6.41% based on 70,107,240 shares outstanding as of August 1, 2007.
.................................................................................
14. Type of Reporting Person:
IN
Page 6 of 12 Pages
This Statement on Schedule 13D relates to shares of Common Stock,
par value $0.01 per share (the "Shares"), of Quanta Capital Holdings Limited, a
Bermuda corporation (the "Company"):
Item 1. Security and Issuer
This Statement relates to the Shares. The address of the principal
executive office of the Issuer is Cumberland House, 1 Victoria Street, Hamilton,
Bermuda, HM 11.
Item 2. Identity and Background
This Statement is filed on behalf of each of the following persons
(collectively, the "Reporting Persons"):
i) Brevan Howard P&C Partners Limited ("BH P&C Partners");
ii) Armour Group Holdings Limited ("Armour");
iii) Brevan Howard P&C Master Fund Limited ("P&C Master Fund");
iv) Brad Huntington ("Mr. Huntington").
This Statement relates to Shares (as defined herein) held for the
account of Armour, a Cayman Islands exempted company.
The Reporting Persons
BH P&C Partners is a Bermudan limited liability company and its
principal office is located at 12 Bermudiana Road, 3rd Floor, Hamiliton, HMAX,
Bermuda. The principal business of BH P&C Partners is management of the
investment activities of each of Armour, P&C Master Fund, Brevan Howard P&C Fund
Limited and Brevan Howard P&C Fund, L.P. BH P&C Partners serves as investment
manager to Armour, and in such capacity, BH P&C Partners may be deemed to have
voting and dispositive power over, the Shares held for such accounts. Mr.
Huntington is the Director of BH P&C Partners.
The principal occupation of Mr. Huntington, a Canadian citizen, is
the direction of the activities of BH P&C Partners Limited, which is carried out
in his capacity as Director of BH P&C Partners Limited at BH P&C Partners'
principal office address.
During the past five years, none of the Reporting Persons and, to
the best of the Reporting Persons' knowledge, no other person identified in
response to this Item 2 has been (a) convicted in a criminal proceeding or (b) a
party to any civil proceeding as a result of which it has been subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws, or finding
any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
The Shares covered by this Schedule 13D were purchased by the
Reporting Persons between August 31, 2007 and November 8, 2007 for approximately
$12,250,360. The source of funds for the purchases was cash available for
investment held by the Reporting Persons.
Item 4. Purpose of Transaction
Page 7 of 12 Pages
All of the Shares reported herein were acquired for investment
purposes. The Reporting Persons review on a continuing basis the investment in
the Issuer. Based on such review and depending on the price and availability of
the Issuer's securities, the Reporting Persons may acquire, or cause to be
acquired, additional securities of the Issuer or derivatives or other
instruments related thereto, in the open market or otherwise, dispose of, or
cause to be disposed, such securities, derivatives or instruments, in the open
market or otherwise, at any time, or formulate other purposes, plans or
proposals regarding the Issuer or any of its securities, to the extent deemed
advisable in light of general investment and trading policies of the Fund, the
Issuer's business, financial condition and operating results, general market and
industry conditions or other factors.
As part of the ongoing evaluation of this investment and investment
alternatives, the Reporting Persons may consider transactions of the type
described in subparagraphs (a) through (j) of Item 4 of the Instructions to
Schedule 13D and, subject to applicable law, may formulate a plan with respect
to such matters. In addition, from time to time, the reporting persons may hold
discussions with or make formal proposals to management or the board of
directors of the Issuer, other stockholders of the Issuer or other third parties
regarding such matters.
Item 5. Interest in Securities of the Issuer
According to information filed by the Issuer with the Securities and
Exchange Commission, the number of Shares outstanding was 70,107,240 as of
August 1, 2007.
(a) Each of BH P&C Partners, Armour, P&C Master Fund and Mr.
Huntington may be deemed the beneficial owner of 4,493,045 Shares (approximately
6.41% of the total number of Shares outstanding).
(b) (i) BH P&C Partners may be deemed to have shared power to direct
the voting and disposition of the 4,493,045 Shares that they may be deemed to
beneficially own as set forth above.
(ii) Mr. Huntington, Armour and P&C Master Fund may be deemed
to have shared power to direct the voting and disposition of the 4,493,045
Shares that BH P&C Partners may be deemed to beneficially own as set forth
above.
(c) Except for the transactions listed on Annex A hereto, all of
which were effected in the open market in routine brokerage transactions, there
have been no transactions with respect to the Shares since August 31, 2007 by
any of the Reporting Persons.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to the Securities of the Issuer.
Pursuant to Rule 13d-1(k) promulgated under the Exchange Act, the
Reporting Persons have entered into a Joint Filing Agreement attached hereto as
Exhibit A, with respect to the joint filing of the Schedule 13D and any
amendment or amendments thereto.
The Reporting Persons may from time to time enter into and unwind
cash settled equity swaps, exchange traded or "over-the-counter" puts and calls,
warrants, forward purchase or sale transactions, future transactions, cap
Page 8 of 12 Pages
transactions, floor transactions, collar transactions, or other options or
derivative or risk management transactions with respect to the Shares. The
return on such contracts may be wholly or partially dependent on the market
value of the Shares, the relative value of the Shares in comparison to one or
more other financial instruments, indexes, securities, baskets or groups of
securities in which Shares may be included, currencies, commodities, bonds,
equity securities, loans, interest rates, catastrophe events, weather-related
events, credit-related events or conditions or any index or other similar
transaction (including any option with respect to any of these transactions) or
any combination of these transactions with one or more counterparties.
From time to time, to the extent permitted by applicable law, each
of the Reporting Persons may borrow securities, including Shares, for the
purpose of effecting, and may effect, short sale transactions, and may purchase
securities for the purpose of closing out short sale positions in such
securities.
From time to time, each of the Reporting Persons may lend portfolio
securities to brokers, banks and other financial institutions. These loans
typically obligate the borrower to return the securities, or an equal amount of
securities of the same class, to the lender and typically provide that the
borrower is entitled to exercise voting rights and to retain dividends during
the term of the loan.
Item 7. Material to be filed as Exhibits.
The Exhibit Index is incorporated herein by reference.
Page 9 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.
Date: November 13, 2007 BREVAN HOWARD P&C PARTNERS LIMITED
By:
/s/ Brad Huntington
--------------------------
Name: Brad Huntington
Title: Director
Date: November 13, 2007 ARMOUR GROUP HOLDINGS LIMITED
By:
/s/ Brad Huntington
--------------------------
Name: Brad Huntington
Title: Director
Date: November 13, 2007 BREVAN HOWARD P&C MASTER FUND LIMITED
By:
/s/ Brad Huntington
--------------------------
Name: Brad Huntington
Title: Director
Date: November 13, 2007 BRAD HUNTINGTON
By:
/s/ Brad Huntington
--------------------------
Name: Brad Huntington
Page 10 of 12 Pages
ANNEX A
RECENT TRANSACTIONS IN THE SECURITIES OF
QUANTA CAPITAL HOLDINGS LIMITED
A. Transactions for the account of Brevan Howard P&C Partners Limited, Armour
Group Holdings Limited, Brevan Howard P&C Master Fund Limited and Brad
Huntington in the past 60 days:
----------------------------------------------------------------------------------------------------------
Date of Transaction Nature of Transaction Number of Shares Price per Share
----------------------------------------------------------------------------------------------------------
08/31/2007 PURCHASE 2,794,745 $2.74
----------------------------------------------------------------------------------------------------------
09/17/2007 PURCHASE 41,200 $2.68
----------------------------------------------------------------------------------------------------------
09/19/2007 PURCHASE 53,500 $2.73
----------------------------------------------------------------------------------------------------------
09/25/2007 PURCHASE 31,000 $2.73
----------------------------------------------------------------------------------------------------------
09/27/2007 PURCHASE 200,000 $2.83
----------------------------------------------------------------------------------------------------------
09/28/2007 PURCHASE 62,000 $2.73
----------------------------------------------------------------------------------------------------------
10/01/2007 PURCHASE 4,000 $2.73
----------------------------------------------------------------------------------------------------------
10/02/2007 PURCHASE 113,100 $2.72
----------------------------------------------------------------------------------------------------------
10/03/2007 PURCHASE 10,000 $2.72
----------------------------------------------------------------------------------------------------------
10/04/2007 PURCHASE 50,000 $2.70
----------------------------------------------------------------------------------------------------------
10/05/2007 PURCHASE 36,000 $2.69
----------------------------------------------------------------------------------------------------------
10/16/2007 PURCHASE 17,500 $2.68
----------------------------------------------------------------------------------------------------------
10/18/2007 PURCHASE 10,000 $2.68
----------------------------------------------------------------------------------------------------------
10/25/2007 PURCHASE 20,000 $2.68
----------------------------------------------------------------------------------------------------------
10/30/2007 PURCHASE 15,000 $2.68
----------------------------------------------------------------------------------------------------------
10/31/2007 PURCHASE 15,000 $2.68
----------------------------------------------------------------------------------------------------------
11/01/2007 PURCHASE 25,000 $2.68
----------------------------------------------------------------------------------------------------------
11/02/2007 PURCHASE 735,000 $2.67
----------------------------------------------------------------------------------------------------------
11/05/2007 PURCHASE 10,000 $2.68
----------------------------------------------------------------------------------------------------------
11/07/2007 PURCHASE 30,000 $2.68
----------------------------------------------------------------------------------------------------------
11/08/2007 PURCHASE 220,000 $2.72
----------------------------------------------------------------------------------------------------------
Page 11 of 12 Pages
EXHIBIT INDEX
Ex. Page No.
--- --------
A Joint Filing Agreement, dated November 13, 2007 by and among
Brevan Howard P&C Partners Limited, Armour Group Holdings
Limited, Brevan Howard P&C Master Fund Limited and Brad
Huntington................................................... 12
Page 12 of 12 Pages
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13D with
respect to the Common Stock of Quanta Capital Holdings Limited dated as of
November 13, 2007 is, and any amendments thereto (including amendments on
Schedule 13G) 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.
Date: November 13, 2007 BREVAN HOWARD P&C PARTNERS LIMITED
By:
/s/ Brad Huntington
-------------------------------
Name: Brad Huntington
Title: Director
Date: November 13, 2007 ARMOUR GROUP HOLDINGS LIMITED
By:
/s/ Brad Huntington
-------------------------------
Name: Brad Huntington
Title: Director
Date: November 13, 2007 BREVAN HOWARD P&C MASTER FUND LIMITED
By:
/s/ Brad Huntington
-------------------------------
Name: Brad Huntington
Title: Director
Date: November 13, 2007 BRAD HUNTINGTON
By:
/s/ Brad Huntington
-------------------------------
Name: Brad Huntington