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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