BC has hired JPMorgan Chase and Bank of America to review options including a possible sale, said Bloomberg.
The business has drawn interest from other private equity firms as well as retail industry players, said the sources.
Among the options under review is to sell shares on the market, but that is unlikely due to the political unrest in Turkey, the people added.
Last year the Finanical Times reported that Wal-Mart could be interested in buying a controlling interest in Migros in a deal that could have valued it at $4bn compared with the current market cap of $2bn.
BC Partners first invested in Migros back in 2008, taking a 50.8 per cent stake for $3.15bn. At the time it was the largest leveraged buy-out in Turkey’s history.
In April 2011, BC Partners sold a 17.4 per cent stake in the company for $515m. In June of that year it also sold the supermarket’s discount subsidiary, Sok, for $380m.
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