New Deal Advisors has facilitated Funecap Funeral Service's acquisition of a majority stake in Centro Funerario Bergamasco, enhancing Funecap's strategic footprint in Italy's funeral services market.

Information on the Target

Centro Funerario Bergamasco (CFB) operates as a leading funeral service provider in the Province of Bergamo, delivering over 1,400 organized services annually. The company owns several state-of-the-art funeral homes located within the city of Bergamo and its surrounding municipalities, establishing its prominence in the local market.

As part of Funecap Funeral Service, a subsidiary dedicated to funeral services under the Altair Funecap Group, CFB integrates into a larger network that collectively manages 80,000 funerals each year across Europe, bolstered by an extensive infrastructure of 750 agencies, 200,000 pre-need funeral contracts, and more than 300 funeral homes.

Industry Overview in Italy

Italy's funeral services sector has been witnessing a significant transformation, driven by both demographic changes and evolving consumer preferences. With an increasing population