KKR backs out of Zooplus buyout contest in wake of Hellman & Friedman boosting bid to €3.29bn

KKR is out of the running for a potential takeover of German online pet supplies retailer Zooplus, easing pressure on fellow private equity suitor Hellman & Friedman. Zooplus said KKR had terminated talks over a potential buyout “in light of the recent developments”, two days after Hellman boosted its offer to €3.29bn to fight off interest …