Information on the target
HOFI (Holding Funeraria Italiana) spa is a leading Italian funeral services group controlled by Antin Infrastructure Partners, with participation from Augens Capital, Columbia Threadneedle, and other co-investors. Recently, HOFI announced a package of four acquisitions across Lombardy, Veneto, and Marche, collectively contributing over €4.5 million in revenue. This brings the group's reported consolidated revenue to approximately €140 million. The acquisitions include Onoranze Funebri Marni in Lodigiano, L’Antoniana and Metello in Padua, Corvatta in Macerata, and Onoranze Funebri Fabrizio Pizzo in Polesine. The specific deal values have not been disclosed.
The announcement consolidates transactions completed at different times, with two of the four acquisitions—Corvatta and Marni—previously communicated on July 23 and July 29, 2026, respectively. In both cases, HOFI acquired 100% of the capital of the companies involved. HOFI was assisted by LCA Studio Legale for legal aspects and Studio Sampietro for tax and labor law matters. PwC managed the financial aspects of the acquisitions of Marni and Corvatta.
Industry overview in the target’s specific country
The Religious Organizations industry in Italy is characterized by a diverse range of entities that provide spiritual guidance, community support, and various social services. This sector includes traditional religious institutions, non-profit organizations, and community-based groups that cater to the spiritual needs of the population. The industry plays a vital role in Italian society, where a significant portion of the population identifies with various religious beliefs, primarily Roman Catholicism.
In recent years, the Italian Religious Organizations sector has faced challenges, including a decline in traditional church attendance and a shift towards more secular lifestyles. However, many organizations have adapted by expanding their services to include social outreach programs, educational initiatives, and community support services. This evolution has allowed them to maintain relevance and continue serving their communities effectively.
Moreover, the Italian government provides certain tax exemptions and financial support to religious organizations, recognizing their contribution to social welfare. This support has enabled many organizations to sustain their operations and expand their outreach efforts. The sector is also witnessing an increase in collaboration between various religious and non-religious organizations to address pressing social issues, such as poverty, education, and healthcare.
As the industry evolves, there is a growing emphasis on transparency and accountability within religious organizations. Stakeholders are increasingly demanding that these entities demonstrate their impact on societ…