Accent Equity Partners has exited Akademibokhandeln to listed industrial holding company Volati.
The deal values Akademibokhandeln at SEK760m (€77.8m). Co-investors J.P. Killberg, Stiftelsen Bokförlaget Natur & Kultur, Krasse & Co have also sold their stakes.
Akademibokhandeln has a 35 per cent share of the Swedish book retailer market. It operates 108 stores and sells to a customer club of 1.3 million members.
Last year the company reported turnover of SEK1.8bn and Ebitda of SEK125m.
Accent acquired the business in June 2015 from the Swedish Cooperative Union.
Volati is an industrial conglomerate which has been operating since 2003. It owns 40 operating businesses with total sales of around SEK3bn, and holds companies indefinitely.