Keyhaven Capital Partners is backing Augens Capital’s investment in SRG Associati, a Milan-based firm providing administrative, tax, accounting, and labour consulting services. The deal, expected to close in early 2026, marks the launch of a consolidation platform targeting Italy’s fragmented professional services market for small and medium-sized enterprises.

This move signals growing private equity interest in European professional services, where scale is often elusive. By combining SRG with other local firms, the platform aims to create a larger, more efficient group capable of competing with larger international networks and capturing a larger share of the Italian SME advisory market.

Investors will watch the platform’s acquisition pipeline and integration success. For Italy’s professional services sector, this deal could trigger similar consolidation plays as firms seek to meet rising demand for bundled advisory services from a recovering economy and evolving regulatory landscape.