Segulah, a Stockholm-based buyout firm, has agreed to sell a chain of pharmacies it bought in a privatisation programme three years ago, becoming the first Nordic private equity firm to exit such assets after lock-up provisions imposed by the Swedish Government expired.

The Stockholm-based firm has agreed to sell Medstop to Oriola-KD Holding Sverige, the Swedish arm of the Nordic region's largest fully integrated pharmaceutical distribution company, in a deal that values the chain at Skr1.5bn (€174.5m), according to a statement.