Acquisition of a majority stake in Eleda Infra Services Group (SE) by Altor Fund V (SE) — Amount not disclosed

Carnegie acted as sole financial adviser to Altor Fund V acquisition of a majority stake in Eleda. As part of the transaction, Eleda also acquires ONE Nordic from Altor Fund III and Järfälla VA- & Byggentreprenad AB. Eleda Infra Services Group is an expansive group focusing small to medium sized civil engineering and transmission infrastructure projects and services across a wide range of sectors including water works, road works, energy works and data centers. May 2020.