M&A Deal Summary

TriNet Group Acquires Zenefits

On December 23, 2021, TriNet Group acquired staffing company Zenefits from Francisco Partners

Acquisition Highlights
  • This is TriNet Group’s 8th transaction in the Staffing sector.
  • This is TriNet Group’s 11th transaction in the United States.
  • This is TriNet Group’s 5th transaction in California.

M&A Deal Summary

Date 2021-12-23
Target Zenefits
Sector Staffing
Buyer(s) TriNet Group
Sellers(s) Francisco Partners
Deal Type Add-on Acquisition

Target

Zenefits

San Francisco, California, United States
Zenefits office in Tempe, Arizona.
Zenefits office in Tempe, Arizona.
Zenefits provides technology to help small to large businesses manage their HR processes. Zenefits' software solutions help companies with payroll, benefits, and health insurance. Zenefits was founded in 2013 and is based in San Francisco, California.

Search 215,029 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

TriNet Group

Dublin, California, United States

Category Company
Founded 1988
Sector Staffing
Employees343,025
Revenue 5.1B USD (2024)
DESCRIPTION

TriNet Group is a provider of a comprehensive human resources solution for small to midsize businesses. TriNet Group was founded in 1988 and is based in Dublin, California.


DEAL STATS #
Overall 11 of 12
Sector: Staffing M&A 8 of 8
Type: Add-on Acquisition M&A Deals 11 of 12
State: California M&A 5 of 5
Country: United States M&A 11 of 12
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-07 Teleborder

San Francisco, California, United States

Teleborder, Inc. is a provider of immigration HR services for employers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 Clarus R+D Solutions

Columbus, Ohio, United States

Clarus R+D Solutions is a fintech solutions company that provides cloud-based software platform whcih simplifies the R&D tax credit process for SMBs. Clarus R+D Solutions was founded in 2016 and is based in Columbus, Ohio.

Buy -

Seller(S) 1

SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 78 of 88
Sector: Staffing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 49 of 55
State: California M&A 19 of 20
Country: United States M&A 64 of 73
Year: 2021 M&A 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Office Ally

Vancouver, Washington, United States

Office Ally provides software to healthcare providers, independent physician associations (IPAs) and health plans. Its software suite includes electronic claims clearinghouse, practice management, electronic health records and payments. Office Ally’s platform supports both the management of care and facilitates payments between providers, health plans and patients. Office Ally was founded in 2000 and is based in Vancouver, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-21 Merative

Ann Arbor, Michigan, United States

Merative is a data, analytics and technology partner for the global health industry – including providers, payers, life sciences companies and governments. With trusted technology and human expertise, the Company works with clients to drive real progress. Merative helps clients orient information and insights around the people they serve to improve healthcare delivery, decision making and performance. Merative is based in Ann Arbor, Michigan.

Buy -