Apollo Global in Advanced Talks to Buy West Corp.

4/30/17

Private equity firm Apollo Global Management LLC is in advanced negotiations to acquire U.S. telephone conferencing services provider West Corp, people familiar with the matter said on Thursday.

The deal would mark the second time West Corp has become a private company in a little more than a decade. It went public in 2013 and its shares are down by a quarter from their highs in March 2015, amid concerns over the company’s competitiveness.

Apollo has prevailed in an auction for West Corp, although negotiations will continue for days and they could still end without a deal having been agreed, the sources said.

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