"KPMG Norge Sells Business Segment to New Audit Firm Cedra Norge"

"KPMG Norge has sold part of its business, including ten offices and approximately 220 employees, to the newly established audit firm Cedra Norge, which is backed by Adelis Equity. This strategic move allows KPMG to concentrate on larger clients while Cedra enters the market with a solid foundation for success. The advisory team for this transaction included Lars Horgen Hinze, Martina Jonryd, Asgeir Lehmann, Øyvind Greaker Bjørndal, and Eyvind Sandvik."

**Law Firms Involved in the Transaction:** The law firms that participated in the transaction include [Law Firm Name], which advised KPMG Norge, and [Law Firm Name], which assisted Cedra Norge. **Transaction Overview:** KPMG Norge has successfully sold part of its business to the newly established audit firm Cedra Norge, which is backed by Adelis Equity. The agreement involves the transfer of ten offices that primarily provide audit and advisory services to small and medium-sized clients, with approximately 220 employees moving to Cedra. This transaction represents a strategic shift for KPMG as it focuses on larger clients, while Cedra enters the market with a strong foundation for success. **Legal Team:** The core legal team from [Law Firm Name] included Lars Horgen Hinze, Martina Jonryd, Asgeir Lehmann, Øyvind Greaker Bjørndal, and Eyvind Sandvik. Their specific seniority and practice areas were not detailed in the press release.

"KPMG Norge Sells Business Segment to New Audit Firm Cedra Norge"

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