Sale of iteam (NO) to a newly formed fund vehicle managed by Equip Capital (NO) — Amount not disclosed

Carnegie acted as financial adviser to Equip Capital in its divestment of iteam into a newly established continuation fund. iteam is a leading one-stop-shop IT and cloud services provider for SMEs with 39 offices across Norway. The business is a proven acquisition platform with 19 accretive acquisitions completed to date, resulting in a highly recurring and growing revenue base across more than 9,300 active customers with limited churn. iteam has grown significantly under Equip’s ownership and the sale marks the first exit from Equip I.