Sale of BK Scandinavia AS (NO) to Ring International Holding AG (NO) — Amount not disclosed

Carnegie acted as financial adviser to Umoe Restaurants in the sale of Burger King Scandinavia to Ring International Holding. Burger King Scandinavia is the largest franchisor and operator of Burger King restaurants in Scandinavia with its 124 owned and 155 sub-franchised restaurants across Sweden, Denmark and Norway. Umoe Restaurants obtained master franchise development rights for the Burger King brand in Scandinavia in 2013. October 2020.