TELL
Status
Current
Country
Norway
Strategy
Small Cap
Sector
Entry
Dec-25
Fund
IK SC IV
Website
News
Leading independent provider of audit, consulting, tax and legal services in Norway
Founded in 2025 in Norway, TELL (“the Company”) is a leading independent audit and advisory firm. The Company’s core offering combines audit and advisory expertise, providing financial audits, independent reviews and technical compilation for financial and tax reporting, along with consulting in strategy, business transformation, operations and tax and legal matters.
TELL employs over 280 people across 20 offices in seven different geographical locations, serving a client base of more than 2,700 local Norwegian customers. Its standalone model and regional presence enable leaner governance and streamlined systems tailored to the needs of its customers, avoiding potential conflicts with larger networks.
IK Partners invested in TELL in December 2025, alongside members of the management team, who reinvested as part of the transaction.
What Attracted Us to the Business
- Competitive position as the second largest independent firm in the mid-sized audit and advisory market
- Loyal and diversified client base
- Several avenues for future growth
- Resilient and growing audit market
Our Value Creation Strategy
We are working alongside management to:
- Accelerate organic growth through an accelerated cross-selling strategy aimed at audit clients;
- Implement artificial intelligence and technology tools to drive operational efficiency;
- Drive consolidation in the highly fragmented audit market in the Nordics; and
- Explore opportunities for expansion into adjacent services through a targeted buy-and-build strategy.
Quote from TELL
“We are very excited about the prospect of working closely with the team at IK, leveraging IK’s platform and experience in the sector to increase our market share in the audit and advisory space in Norway and beyond. With a core base of both experienced employees and loyal clients across Norway, we are well-positioned to explore attractive M&A prospects, source new business opportunities and improve our operational efficiency to take our quality offering to an even broader range of clients.”
Erik Sønsterud, CEO
