Announced
Completed
Financials
Tags
Friendly
employee benefits solutions
tax administration
Completed
United States
Acquisition
Minority
Public
payroll management
Outsourced HR and Staffing
Private Equity
Single Bidder
Synopsis
Atairos Group, an independent private company focused on supporting growth-oriented businesses completes acquisition of 26% stake in TriNet Group, a leading provider of comprehensive human resources solutions from General Atlantic, a leading global growth investor. Atairos will acquire an approximate $440m ownership stake in TriNet by purchasing approximately 17.7m shares of TriNet common stock for $25.00 per share. The investment represents an approximately 26% ownership position in TriNet, bringing Atairos' total ownership position to approximately 28%. "We are pleased to welcome Atairos as a long-term investor and a strategic partner. We look forward to working together as we execute our vertical product strategy to drive revenue growth, profitability, and margin expansion." Burton M. Goldfield, TriNet President, and CEO.
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