Lazard to sell French car parts dis

Goldman Sachs has mandated Lazard to sell Autodistribution. A confidential source has revealed that Bahrain-based Investcorp, PAI partners, Cinven, Bridgepoint and Charterhouse are all interested. The bank is allegedly looking for offers in the region of EUR 600-800m. AutodistributionÂ’s present shareholders acquired UK car component distributor, Finelist, in 2000. The acquisition would have apparently doubled the companyÂ’s turnover to nearly EUR 1.7bn, had Finelist not been forced into receivership seven months after it was bought. Autodistribution was orignally acquired in May 1999 by Butler Capital Partners, CDC participations (now CDC Entreprises Equity Capital, which exited its shareholding at the end of 2004) and AXA Investment Managers (now AXA Private Equity) for FFr 3.3bn. The deal marked the first investment to have been carried out by Butler Capital PartnersÂ’ FFr 1.1bn France Private Equity II (April 2000, page 19).

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