Skip to content
Single Family OfficePuts its own capital into companiesLAST VERIFIED Oct 2026 · 3 SOURCES

Milan single family office of the De Nora family; founded 1981 as holding of the De Nora group, now invests in listed equities, bonds, PE funds and real estate.

USEFUL FOR Fund managers raising capital · Co-investors

Not to be confused with Norfin, the Portuguese real-estate fund manager.

Family & background

FAMILY
De Nora
WEALTH ORIGIN
Oronzio De Nora industrial group (electrodes and electrochemical plants)
HEADQUARTERS
Milan, Italy
FOUNDED
1981

Investment approach

ROUTES
Companies (own capital) · Funds (as LP)
STRATEGIES
Public equitiesReal estateFunds (as LP)Direct investments

Overview

Norfin S.p.A. describes itself as the single family office of the De Nora family. It was set up in 1981 as the holding of the Oronzio De Nora industrial group (electrodes and electrochemical plants) and became an independent financial company in 2003 after the industrial businesses were separated. It invests mainly in listed equities, directly and through investment banks, as well as in bonds and private equity funds, and develops real-estate investments, also with specialised partners. Michele De Nora chairs the board and Tommaso De Nora is CEO.

Investment thesis

Long-term securities and real-estate investments that protect the family wealth with a prudent approach: few, carefully selected projects followed through the whole investment cycle.

People

  • Michele De Nora
    Chairman · source
  • Tommaso De Nora
    Chief Executive Officer · source
  • Pietro Villa
    Director · source
  • Maurizio Paternò di Montecupo
    Chairman of the Board of Statutory Auditors · source

Frequently asked questions

Norfin S.p.A. is a single family office based in Milan, Italy, founded in 1981.

Norfin S.p.A. invests on behalf of the De Nora family (Oronzio De Nora industrial group (electrodes and electrochemical plants)).

Norfin S.p.A. invests its own capital into companies and in third-party funds as an LP. Its stated asset mix includes public equities, real estate, funds (as lp) and direct investments.

Norfin S.p.A. invests in Real Estate & PropTech.

Key people at Norfin S.p.A. include Michele De Nora (Chairman), Tommaso De Nora (Chief Executive Officer), Pietro Villa (Director) and Maurizio Paternò di Montecupo (Chairman of the Board of Statutory Auditors).