Adelis Takes Minority Stake in Group Formed by Crowe Osborne, Frejs Revisorer, RSM Göteborg and Qrev

January 20, 2025

Four Swedish audit firms — Crowe Osborne, Frejs Revisorer, RSM Göteborg and Qrev — have formed a joint group to invest in digitalization, quality assurance and employee development. Adelis Equity Partners will become a minority owner to support strategic investments and growth (including add-on acquisitions); the combined group reports roughly SEK 400m in revenues and more than 200 employees, and the transaction is expected to close in February 2025.

Buyers
Adelis Equity Partners
Targets
Crowe Osborne AB, Frejs Revisorer AB, RSM Göteborg, Qrev AB
Industry
Accounting & Tax
Location
Sweden
Transaction Type
Growth capital

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