Form 13G Filed by Glenhill Advisors, LLC, Issuer Freedom Acquisition Holdings, Inc. 2007-01-03
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.__)*



Freedom Acquisition Holdings, Inc.
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(Name of Issuer)



Units, which include one share of Common Stock
-------------------------------------------------------------------------------
(Title of Class of Securities)



35645F202
--------------------------------------------
(CUSIP Number)



December 22, 2006
-------------------------------------------------------------------------------
(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).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

SEC 1745 (3-06)

Page 1 of  7 pages
 


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CUSIP No. 35645F202
-----------------------------------
 
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1.               Names of Reporting Persons
      I.R.S. Identification Nos. of above persons (entities only)
 
        Glenhill Advisors, LLC
        13-4153005
 
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2.     Check the Appropriate Box if a Member of a Group (See Instructions)
 
(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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Number of     5.    Sole Voting Power        3,000,000
 
Shares      -------------------------------------------------------------------------
 
Beneficially   6.    Shared Voting Power        0
 
Owned by    -------------------------------------------------------------------------
 
Each       7.    Sole Dispositive Power    3,000,000
 
Reporting             -------------------------------------------------------------------------
 
Person With:         8.   Shared Dispositive Power        0
 
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9.               Aggregate Amount Beneficially Owned by Each Reporting Person
 
        3,000,000
 
----------------------------------------------------------------------------------------------------
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)
 
        5.0%
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12.     Type of Reporting Person (See Instructions)
 
        IA, HC
 
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Page 2 of  7 pages
 


-----------------------------------
CUSIP No. 35645F202
-----------------------------------
 
----------------------------------------------------------------------------------------------------
1.     Names of Reporting Persons
                 I.R.S. Identification Nos. of above persons (entities only)
 
        Glenn J. Krevlin
 
-----------------------------------------------------------------------------------------------------
2.      Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a) [ ]
 
(b) [X]
 
-----------------------------------------------------------------------------------------------------
3.     SEC Use Only
 
 
-----------------------------------------------------------------------------------------------------
4.     Citizenship or Place of Organization
 
        United States
 
-----------------------------------------------------------------------------------------------------
 
Number of     5.    Sole Voting Power        3,000,000
 
Shares      -------------------------------------------------------------------------
 
Beneficially   6.    Shared Voting Power        0
 
owned by    -------------------------------------------------------------------------
 
Each       7.    Sole Dispositive Power        3,000,000
 
Reporting    -------------------------------------------------------------------------
 
Person With:        8.    Shared Dispositive Power         0
 
----------------------------------------------------------------------------------------------------
9.      Aggregate Amount Beneficially Owned by Each Reporting Person
 
        3,000,000
 
----------------------------------------------------------------------------------------------------
10.    Check if the Aggregate Amount in Row (9) Excludes Certain Shares
        (See Instructions)    [ ]
 
----------------------------------------------------------------------------------------------------
11.    Percent of Class Represented by Amount in Row (9)
 
        5.0%
----------------------------------------------------------------------------------------------------
12.    Type of Reporting Person (See Instructions)
 
        HC
 
----------------------------------------------------------------------------------------------------

Page 3 of  7 pages
 


-----------------------------------
CUSIP No. 35645F202
-----------------------------------
 
----------------------------------------------------------------------------------------------------
 
1.      Names of Reporting Persons
         I.R.S. Identification Nos. of above persons (entities only)
 
        Glenhill Capital Overseas GP, Ltd.
        98-0426124
 
-----------------------------------------------------------------------------------------------------
2.      Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a) [ ]
 
(b) [X]
 
-----------------------------------------------------------------------------------------------------
3.      SEC Use Only
 
 
-----------------------------------------------------------------------------------------------------
4.      Citizenship or Place of Organization
 
        Cayman Islands
 
-----------------------------------------------------------------------------------------------------
 
Number of     5.   Sole Voting Power        3,000,000
 
Shares      -------------------------------------------------------------------------
 
Beneficially   6.   Shared Voting Power          0
 
Owned by   -------------------------------------------------------------------------
 
Each       7.   Sole Dispositive Power       3,000,000
 
Reporting    -------------------------------------------------------------------------
 
Person With:        8.   Shared Dispositive Power          0
 
----------------------------------------------------------------------------------------------------
9.      Aggregate Amount Beneficially Owned by Each Reporting Person
 
        3,000,000
 
----------------------------------------------------------------------------------------------------
10.    Check if the Aggregate Amount in Row (9) Excludes Certain Shares
        (See Instructions)    [ ]
 
----------------------------------------------------------------------------------------------------
11.    Percent of Class Represented by Amount in Row (9)
 
        5.0%
----------------------------------------------------------------------------------------------------
12.    Type of Reporting Person (See Instructions)
 
        IA, HC
 
----------------------------------------------------------------------------------------------------


Page 4 of  7 pages
 


Item 1(a).       Name of Issuer:
                   Freedom Acquisition Holdings, Inc.
 
Item 1(b).                   Address of Issuer's Principal Executive Offices:
1114 Avenue of the Americas, 41st Floor
New York, New York 10036
 
Item 2(a).            Name of Persons Filing:
Glenhill Advisors, LLC, Glenn J. Krevlin, and Glenhill Capital Overseas GP, Ltd.
 
Glenn J. Krevlin is the managing member and control person of Glenhill Advisors, LLC. Glenhill Advisors, LLC is the managing member of Glenhill Capital Management, LLC. Glenhill Capital Management, LLC is the general partner and investment advisor of Glenhill Capital LP, a security holder of the issuer, and sole shareholder of Glenhill Capital Overseas GP, Ltd. Glenhill Capital Overseas GP, Ltd. is general partner of Glenhill Capital Overseas Master Fund, LP, a security holder of the issuer.
 
Item 2(b).  Address of Principal Business Office or, if none, Residence:
                            598 Madison Avenue, 12th Floor
        New York, NY 10022
 
Item 2(c).                    Citizenship:
See the response(s) to Item 4 on the attached cover page(s).
 
Item 2(d).  Title of Class of Securities:
            Units, which include one share of Common Stock
 
Item 2(e).                   CUSIP Number:
            35645F202
 
Item 3.        If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
 
            Not Applicable


Page 5 of  7 pages
 


Item 4.          Ownership.
 
(a).    Amount beneficially owned:
              See the response(s) to Item 9 on the attached cover page(s).
 
(b).    Percent of Class:
  See the response(s) to Item 11 on the attached cover page(s), which was determined by dividing the number of shares beneficially held by the Reporting Person
  by 60,000,003, the number of shares of common stock issued and outstanding after the offering, as reported in the Issuers's Prospectus filed with the Securities
  and Exchange Commission on December 26, 2006.
 
(c).    Number of shares as to which the person has:
 
              (i).      Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
 
                  (ii).         Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
 
                  (iii).        Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
                  
                  (iv).        Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
 
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.
                    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.                     Certification.
                  By signing below I certify that, to the best of my 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 6 of  7 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:    January 3, 2007

                GLENHILL ADVISORS, LLC

                By: /s/ GLENN J. KREVLIN
                --------------------------------------------------
                Name: Glenn J. Krevlin
                Title: Managing Member
 
                GLENHILL CAPITAL OVERSEAS GP, LTD.

                By: /s/ GLENN J. KREVLIN
                --------------------------------------------------
                Name: Glenn J. Krevlin
                Title: Director
 
                /s/ GLENN J. KREVLIN
                -------------------------------------------------
                Name: Glenn J. Krevlin
 
Page 7 of  7 pages