KKR Said to Drop Out of Group Seeking Gerresheimer Takeover (1)

KKR & Co. has walked away from a private equity consortium discussing a takeover of Gerresheimer AG, the German maker of packaging for drugs and cosmetics, people familiar with the matter said.

The buyout firm had teamed up with Warburg Pincus to pursue a deal for Gerresheimer, Bloomberg News reported in March. Warburg Pincus is still working to see if it can reach a deal, according to the people, who asked not to be identified discussing confidential information.

Shares in Gerresheimer slumped as much as 11% on Friday and touched the lowest level since November 2022. The stock ...