Card Factory PLC (LSE:CARD) is in the early stages of considering a bid for Paperchase Limited. Paperchase has been put up for sale by its private equity owners with a price tag of around £150 million. Primary Capital Limited has owned Paperchase since 2010.

In 2014, advisors at PwC and Financo were hired to find new backers. Other private equity firms are likely to be interested in Paperchase. A Card Factory spokesman declined to comment, reported Telegraph.