Divestment of Huldt & Lillevik (NO) to Visma (SE) by Aditro Group (SE) — Amount not disclosed

Carnegie acted as financial adviser to Aditro Group in the divestment of Huldt & Lillevik to Visma. Huldt & Lillevik is a leading provider of solutions and services within the payroll and HRM segment to small and medium sized companies in Norway. March 2015.