HOFI SpA, backed by Augens Capital and BMO Global Asset Management, has successfully acquired a 100% stake in the Italian funeral services provider, San Siro.

Information on the Target

Impresa San Siro American Funeral S.r.l. (San Siro) is a prominent player in the funeral services sector, renowned for its commitment to providing dignified and compassionate care to families during their time of need. Under the guidance of the Cerato family, the company has built a strong reputation in the Italian market, establishing a network of facilities that prioritize service excellence and community support.

With a focus on meeting diverse familial needs, San Siro offers a wide range of services including traditional funerals, cremation, and pre-arrangement options. Its customer-centric approach and dedication to quality have positioned the company as a trusted resource and a leader in the sector.

Industry Overview in Italy

Italy's funeral services industry is evolving, driven by demographic changes and a greater emphasis on personalized and environmentally-conscious services. With an aging po