Noria Gestion
Noria is a Franco-Belgian family investment structure founded by Christophe Guillaume in 2005 (joined by Celine Guillaume in 2008) and headquartered in Lille (Eurometropole Lille-Kortrijk-Tournai). The family deploys long-term evergreen capital under an integral ecology thesis across two divisions: Energy & Climate (renewable heat, hydrogen, biomethane, geothermal, floating wind, decarbonised industrial heat) and Media & Humanity (publishing, broadcasting, professional training, bookstore retail with strong editorial content). AMF-approved management company Noria Gestion was created in April 2021 to formalise the structure.
Key facts
Recent exits
Coverage notes
2 funds tracked, 21 portfolio companies (19 active · 2 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Noria Gestion has raised, with its portfolio companies. Hand-checked from public filings.
Noria Media & HumanityEvergreen2008 · 18yr€30M6 active
Unrealized
6 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Aleteia | TMT | France | 2015 |
| CAMPUS PRO | Business Services | France | 2008 |
| L'1NVISIBLE | TMT | France | 2010 |
| LA PROCURE | Consumer | France | 2008 |
| Media Participations | TMT | France | 2012 |
| SECOM | TMT | France | 2010 |
Noria Energy & ClimateEvergreen2005 · 21yr€80M13 active · 2 realized
Unrealized
13 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| BW IDEOL | Energy | France | 2021 |
| CIEL & TERRE | Energy | France | 2020 |
| CIXTEN | Energy | France | 2023 |
| DUALSUN | Energy | France | 2014 |
| EKIHO | Real Estate | France | 2016 |
| ELEMENTS | Energy | France | 2016 |
| GEOSOPHY | Energy | France | 2023 |
| JIMMY | Energy | France | 2021 |
| LHYFE | Energy | France | 2019 |
| LMK ENERGY | Energy | France | 2019 |
| NEWHEAT | Energy | France | 2017 |
| OTONOHM | Energy | France | 2019 |
| TLS GEOTHERMICS | Energy | France | 2022 |
Realized
2 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| KYOTHERM | Energy | France | 2012 | 2024 | Secondary | – | |
| WAGA ENERGY | Energy | France | 2019 | 2025 | Trade Sale | – |
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About Noria Gestion
Noria is a Franco-Belgian family investment structure with €110 million of assets under management, founded by Christophe Guillaume in 2005 (joined by Céline Guillaume in 2008) and headquartered in Lille within the Eurometropole Lille-Kortrijk-Tournai. The family deploys long-term evergreen capital under a multi-decade entrepreneurial heritage across French and Belgian SME ecosystems.
Investment thesis
Noria targets Franco-Belgian SMEs and lower mid-cap companies across multiple sectors, deploying evergreen family capital across majority and significant minority equity positions held without traditional fund duration constraints. Sector focus spans Industrials, Consumer, Healthcare, Energy and selectively other cross-border French-Belgian verticals, with the family structure enabling long-duration patient capital deployment.
Recent activity
Recent realised exits include WAGA ENERGY (energy, 2025), reflecting selective distribution across the family-office portfolio. The platform tracks 2 funds, 18 active portfolio companies and 1 realised exit across the multi-vintage Franco-Belgian programme. Detailed buyer names and multiple data available on Pro at €29/month.
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France·€196.0BFrance·€52.8BFrance·€33.0BFrance·€27.0BFrance·€13.2BFrance·€11.6BFrance·€9.0BFrance·€7.0BFrance·€6.7BFrance·€4.3BFrance·€4.0BFrance·€4.0B