Cotswold Outdoors in running for Evans Cycles
The owner of Cotswold Outdoors, private equity firm PAI Partners, is said to be one of the final bidders looking to purchase Evans Cycles.
Active Capital are reportedly looking to sell the business for £100m, just under three times as much as they bought it for in 2008.
Other potentials buyers are believed to be ECI, Graphite and Equistone, according to the Sunday Telegraph.
The sale is being conducted out by Canaccord Genuity.
Potential bidders that have now walked away are said to include Halfords and Sports Direct.