The Firm is representing Atairos Group, Inc. in connection with its agreement to acquire General Atlantic’s approximately 26% ownership stake in TriNet Group, Inc. (NYSE: TNET) for approximately $440 million in cash. The transaction is expected to close in the first quarter of 2017, subject to the satisfaction of customary closing conditions.
TriNet is a leading provider of comprehensive human resources solutions for small to midsize businesses. Atairos was launched in 2016 with more than $4 billion in committed capital and is an independent, private company focused on supporting growth-oriented businesses across a wide range of industries.
The Simpson Thacher team includes Alan Klein, Anthony Vernace, Erika Tang and Sam Egendorf (M&A); Ken Wallach (Capital Markets); David Rubinsky, Eric Wolf and Nadine Mompremier (Executive Compensation and Employee Benefits); Jasmine Hay (Tax); Lori Lesser, Genevieve Dorment and Cecillia Xie (Intellectual Property); Michael Naughton, Ellen Frye and Bill Kearney (Antitrust); and Steve DeLott (Insurance).