Swiss investment company Capvis has stepped back from a potential takeover of German printing press maker Manroland AG after differences over how to manage the company emerged during negotiations, Daniel Flaig, partner at Capvis Equity Partners AG said in a statement Sunday.

Manroland AG has filed for bankruptcy at a district court in Germany, the court said Friday. Manroland owners Allianz SE (ALV.XE) and MAN SE (MAN.XE) had said they were exploring options for Manroland.

"The different perceptions of those involved, under what pre-conditions the company may be managed, prompted us, after a careful review, to give up our plan to enter [the company], what leaves as disappointed," Flaig said.

The Swiss company wanted to obtain a stake in Manroland and to carry on with both company units, with a restructuring made possible via a capital increase, Capvis's press release said.

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.