Atairos completes acquisition of 26% stake of General Atlantic in TriNet Group.

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.