THL to merge MHS, Fortna at $4B valuation

Thomas H. Lee Partners has opted to combine portfolio companies MHS Global and Fortna, with The Wall Street Journal valuing the merger at around $4 billion. THL will remain the majority owner of the combined business, while a subsidiary of the Abu Dhabi Investment Authority will acquire a minority stake. MHS provides material handling automation tech and systems integration solutions, while Fortna offers warehouse and distribution software.

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