Acquisition of APL (CY) by BW Offshore (BM) — NOK 3.6 billion

Carnegie acted as adviser to BW Offshore in the acquisition of APL. BW Offshore is a leading provider of oil and gas FPSOs (Floating Production, Storage and Offloading units). APL is market leader in the development, production and sale of advanced oil and gas offshore production systems that focus on ship-based storage and transportation of hydrocarbons. August, 2007.