Acquisition of Ahlsell (SE) by Cinven (UK) and Goldman Sachs Capital Partners (UK) — Amount not disclosed.

Carnegie acted as adviser to Cinven in the acquisition of Ahlsell. Ahlsell is one of the Nordic region’s leading trading companies in installation products, tools and machinery, offering products and peripheral services to professional users in the following product segments: Heating & Plumbing, Electrical, Tools, Refrigeration and Do-It-Yourself. The Group has an annual turnover of approximately SEK 17 billion and approximately 4,000 employees.January, 2006.