Let the bidding begin

Two private equity firms have thrown their hats in the arena to buy Cabela’s.



The firms, New York-based Apax Partners and San Francisco-based TPG Capital, are each meeting Cabela’s management as part of an auction for the 82-store chain, the New York Post reported.



Bass Pro Shops is also interested in Cabela’s, and has partnered with Goldman Sachs Group’s private equity arm to make an offer for its rival, according to Reuters.



Final bids are due in about a month.



Cabela's said in December it was working with investment bank Guggenheim Securities LLC to explore strategic alternatives, including a sale.