JB Hi-Fi has withdrawn its interest in buying electronics retailer Jaycar.
Super Retail Group, and Wesfarmers are reportedly still in the running, along with private equity firms CPE Capital and BGH Capital.
Harvey Norman had also looked at Jaycar’s books but are not believed to have made a bid. Private equity form Quadrant have also pulled out of the race.
A price of around $500 million is expected.
The winning buyer would take over more than 140 Jaycar and Road Tech Marine stores.
The sale will follow last year’s death of Gary Johnston who founded the company in 1981. The company reported $315 million sales and a $172.9 million gross profit during the 2021 financial year.