Atairos Group, Inc. acquires General Atlantic’s remaining ownership stake in TriNet for $440 million


Paul, Weiss is representing General Atlantic in the sale of its remaining ownership stake in TriNet, a provider of human resources solutions, to Atairos Group, Inc.

Under the terms of the transaction, Atairos will acquire an approximately $440 million ownership stake from funds affiliated with General Atlantic through the purchase of roughly 17.7 million shares of TriNet common stock for $25.00 per share.

The transaction is expected to close in the first quarter of 2017.

The Paul, Weiss team included corporate partners Matthew Abbott (Picture) and John Kennedy and counsel Julie Martinelli; and tax partner Patrick Karsnitz.

Involved fees earner: Matthew Abbott – Paul Weiss Rifkind Wharton & Garrison; John Kennedy – Paul Weiss Rifkind Wharton & Garrison; Julie Martinelli – Paul Weiss Rifkind Wharton & Garrison; Patrick Karsnitz – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: General Atlantic;

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Author: Ambrogio Visconti