Maplin Electronics could be put up for sale with a price tag of around £400m.

Maplin’s private equity owner Montagu has been interviewing investment banks with a view to appoint one for a strategic review, reports the Telegraph.

Sources said KPMG has bow been appointed to look at “strategic options” for the business which may or may not lead to the sale of the electronics retailer.

Montagu bought Maplin for £256m in 2004 from Graphite Capital. The retailer has since doubled its portfolio to 176 stores.  

In 2009 EBITDA rose 10.8% to £40.5m on sales flat at £203.7m.