TSG Said to Explore Sale of Outdoor, Ski Gear Seller Backcountry

TSG Consumer Partnersis weighing options for Backcountry including a sale of the online retailer of outdoor gear and ski apparel, according to people with knowledge of the matter.

Backcountry generates about $1 billion a year in revenue and could be valued in a sale at hundreds of millions of dollars, said the people, who asked not to be identified discussing confidential information. The private equity firm has enlisted an investment bank to facilitate a transaction, they said.

TSG could still decide against pursuing a sale and instead keep the company, the people said.

A representative for TSG declined to ...