(Reuters) - IT solutions firm Synnex Corp said on Monday that it will merge with peer Tech Data, owned by funds affiliated to Apollo Global Management, in a deal worth about $7.2 billion, including debt. Shares of Synnex jumped over 11% in premarket trade. Apollo Funds will receive 44 million shares of Synnex common stock and the refinancing of existing Tech Data net debt and redeemable preferred shares of about $2.7 billion. Upon closing of the deal, expected in the second half of 2021, Synnex shareholders will own about 55% of the combined company, while Apollo Funds will own about 45%. Tech Data was taken private by Apollo Global Management in 2020 in a deal valued at about $6 billion. Synnex earlier separated into two publicly listed companies, Synnex Technology Solutions and Concentrix.