TriNet Group Acquires Zenefits from Francisco Partners
December 23, 2021
TriNet Group, Inc. entered a definitive agreement to acquire Zenefits from Francisco Partners, expanding TriNet’s SMB product offering with Zenefits’ cloud HR, payroll and benefits platform. The deal will add an ASO/HRIS capability to TriNet’s suite and integrate Zenefits’ team and customers into TriNet upon closing; terms were not disclosed.
- Buyers
- TriNet Group, Inc.
- Targets
- Zenefits
- Sellers
- Francisco Partners
- Industry
- Cloud & SaaS
- Location
- California, United States
- Transaction Type
- Buyout
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