| Item 1. | |
| (a) | Name of issuer:
Sabre Corporation |
| (b) | Address of issuer's principal executive offices:
3150 SABRE DRIVE
SOUTHLAKE, Texas 76092 |
| Item 2. | |
| (a) | Name of person filing:
Discerene Group LP*
Discerene Holdings Inc.*
Soo Chuen Tan* |
| (b) | Address or principal business office or, if none, residence:
2777 SUMMER STREET
SUITE 301
STAMFORD, CONNECTICUT 06905 |
| (c) | Citizenship:
Discerene Group LP - Delaware
Discerene Holdings Inc. - Delaware
Soo Chuen Tan - Malaysia |
| (d) | Title of class of securities:
Common Stock, $0.01 par value |
| (e) | CUSIP No.:
78573M104 |
| 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:
Discerene Group LP - 28,565,608*
Discerene Holdings Inc. - 28,565,608*
Soo Chuen Tan - 28,565,608*
*The Common Stock (the "Shares") of Sabre Corporation (the "Issuer") reported herein are directly held by private investment funds (the "Discerene Entities") for which Discerene Group LP serves as the investment manager (the "Adviser"). Discerene Holdings Inc. serves as the general partner of the Adviser (the "General Partner"). Soo Chuen Tan serves as the President of the General Partner of the Adviser (the "President," collectively with the Discerene Entities, Adviser, and General Partner, the "Reporting Persons"). By virtue of these relationships, the Reporting Persons may be deemed to have shared voting and dispositive power with respect to the Shares owned directly by the Discerene Entities.
The percentage of class reported herein is based on a statement in the Issuer's Form 10-Q filed on August 7, 2025 that there were 394,514,384 Shares outstanding as of August 1, 2025.
This report shall not be deemed an admission that the Reporting Persons are beneficial owners of the Shares for the purposes of Section 13 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Each of the Reporting Persons disclaims beneficial ownership of the Shares reported herein except to the extent of such Reporting Person's pecuniary interest, if any, therein. |
| (b) | Percent of class:
Discerene Group LP - 7.2%
Discerene Holdings Inc. - 7.2%
Soo Chuen Tan - 7.2% |
| (c) | Number of shares as to which the person has:
|
| | (i) Sole power to vote or to direct the vote:
Discerene Group LP - 0
Discerene Holdings Inc. - 0
Soo Chuen Tan - 0
|
| | (ii) Shared power to vote or to direct the vote:
Discerene Group LP - 28,565,608*
Discerene Holdings Inc. - 28,565,608*
Soo Chuen Tan - 28,565,608*
|
| | (iii) Sole power to dispose or to direct the disposition of:
Discerene Group LP - 0
Discerene Holdings Inc. - 0
Soo Chuen Tan - 0
|
| | (iv) Shared power to dispose or to direct the disposition of:
Discerene Group LP - 28,565,608*
Discerene Holdings Inc. - 28,565,608*
Soo Chuen Tan - 28,565,608*
|
| Item 5. | Ownership of 5 Percent or Less of a Class. |
| | |
| 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
|
Rule 13d-1(c)