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TriNet files for proposed IPO

TriNet, a provider of a comprehensive human resources solution for small to medium-sized businesses, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock. General Atlantic is a backer of the company.

PRESS RELEASE

TriNet, a leading provider of a
comprehensive human resources solution for small to medium-sized businesses, today
announced it has filed a registration statement on Form S-1 with the U.S. Securities and
Exchange Commission relating to a proposed initial public offering of shares of its
common stock. The number of shares to be offered and the price range for the
proposed offering have not yet been determined.
J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are acting as joint bookrunning
managers of the offering and as representatives of the underwriters. Deutsche
Bank Securities Inc. is acting as a joint book-running manager of the offering. Jefferies
LLC, Stifel, Nicolaus & Company, Incorporated and William Blair & Company, L.L.C. are
acting as co-managers of the offering.
A registration statement relating to these securities has been filed with the Securities
and Exchange Commission but has not yet become effective. These securities may not
be sold, nor may offers to buy be accepted, prior to the time the registration statement
becomes effective. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these securities in any state
or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or jurisdiction.
The offering will be made only by means of a prospectus. Copies of the preliminary
prospectus related to the offering may be obtained, when available, from J.P. Morgan
Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, or by telephone at 866-803-9204 or from Morgan Stanley & Co.
LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY
10014.
Media Contacts:
Jock Breitwieser Michelle Sieling
TriNet Bond PR
Jock.Breitwieser@TriNet.com Michelle@bondprus.com
(510) 875-7250 (415) 349-7434
TriNet, Ambitions Realized and the TriNet logo are registered trademarks of TriNet.