Divestment of Puzzel AS (NO) to Marlin Equity Partners (US) by Herkules Private Equity Fund III (NO) — Amount not disclosed

Carnegie acted as a sole financial adviser to Herkules Capital in the divestment of Puzzel to Marlin Equity Partners. Puzzel is a leading Nordic B2B provider of public cloud-based contact centre as a service (CCaaS) solutions with a native multi-tenant platform based on own IP. May 2019.