Acquisition of 60% of IDEmøbler (DK) by Axcel (DK) — Amount not disclosed.

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.