Carnegie acted as adviser to the Board of Directors in the offer from Axcel for the IDEmøbler chain (including membership stores). Axcel acquired 60% and the original owners kept a stake of 40% in the integrated chain. IDEmøbler is a chain of furniture stores with 39 stores in Denmark, three associated stores on Iceland, Greenland and the Faroe Islands and 15 franchise stores, primarily in the Middle East. December, 2007.
Consumer & Retail
Acquisition of 60% of IDEmøbler (DK) by Axcel (DK) — Amount not disclosed.
December 2007