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General Atlantic to Sell Stake in TriNet to Atairos
- Client News
- December 22, 2016
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 and John Kennedy and counsel Julie Martinelli; and tax partner Patrick Karsnitz.
