Bain and AXA are expected to make offers valuing the French business at up to €700m including debt according to Reuters, which cited sources familiar with the deal.
Those offers are said to be due in June.
LBO France and Apax bought Maisons du Monde from Barclays Private Equity and iXEN Partners for €435m in 2008.
The pair each own 35 per cent of the business according to Reuters, with the rest controlled by founder and CEO Xavier Marie and other managers.
Parisian mid-market buyout houses LBO and Apax have mandated Lazard and Messier Maris to handle the sale process.
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