April 3 (Reuters) - KKR has abandoned a private
equity consortium discussing a takeover of Gerresheimer AG
, Bloomberg News reported on Thursday, citing people
familiar with the matter.
Warburg Pincus, which was also a part of the consortium, is
still working to see if it can reach a deal, the report said.
Earlier this month, Reuters reported that a consortium
including KKR and Warburg Pincus had submitted a non-binding bid
for Gerresheimer.
Gerresheimer, which makes pens used to inject weight-loss
drugs such as Novo Nordisk's Wegovy, has a market
capitalization of about 2.22 billion euros, according to LSEG
data.
The consortium had submitted a bid at about 90 euros a
share, which would value the company at nearly 3.1 billion euros
($3.42 billion).
Gerresheimer and Warburg Pincus declined to comment while
KKR did not immediately respond to Reuters' requests for
comment.
In February, the German company said it was in early-stage
discussions with private equity investors over a potential sale
of the company.
Gerresheimer said at that time that the interest was
informal and on a non-binding basis.
($1 = 0.9065 euros)