Divestment of Drexel und Weiss (AT) to Gebr. Gasser Holding (CH) and Management by VKR Holding (DK) — Amount not disclosed.

Carnegie acted as sole financial adviser to VKR Holding in the divestment of Drexel und Weiss, an Austrian specialist in low-energy ventilation solutions for passive houses with primary focus on German-speaking markets, to Swiss company Gebrüder Gasser Holding AG and Management.April 2013.