Investcorp, the Bahrain-based holding company, has bought Autodistribution, one of France's largest automobile and truck spares groups, from a consortium led by Goldman Sachs. The deal is estimated at over €500m ($604.7m).

Investcorp will buy 100% of Autodistribution by itself, abandoning an earlier plan to include French private equity group PAI and the UK buy-out groups Cinven and Bridgepoint in the deal.