Apollo Global Management Inc.-backed West Technology is engaged in exclusive talks to sell its remaining operating business to a counter-party, according to people familiar with the matter.
The exploration of a sale process comes as the technology firm has been in negotiations with debt holders amid a liquidity pressure, said the people, who asked not to be identified discussing private information.
West’s lenders are being advised by Gibson Dunn & Crutcher, the people said. An agreement on a sale hasn’t been reached and talks could still end without one, they added.
A representative for Apollo declined to comment. ...
