Divestment of Holiday Club Finland Ltd (FI) by Procurator Ltd and funds managed by CapMan (FI) to London & Regional Properties (UK) — Approx. EUR 120 million

Carnegie acted as financial adviser to the sellers in the divestment of Holiday Club Finland Ltd to London & Regional Properties. Holiday Club Finland is the leading Finnish supplier of leisure travel services. Operations include six spa hotels in Finland, a new spa hotel in Åre, Sweden, and nine other holiday resorts.August, 2005.