Divestment of Fresks Group (SE) to Kesko (FI) by Litorina IV LP (SE) — SEK 2.1 billion

Carnegie acted as sole financial adviser to Litorina in the divestment of Fresks Group to Kesko. Fresks Group was founded in 1862 in Östersund and is today a leading Swedish builders’ merchant, where customers are small and medium-size companies. The Company has 33 stores with leading market positions around Sweden and offers customers a broad and deep range of quality products in building material, hardware and paint with a high degree of service. May 2019.