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Noria Gestion

Noria Gestion

Lille, France·Founded 2005··noria.eu

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.

AUM
€110M
Funds
2
vintages 2005–2008
Portfolio
20
Exits
2

Key facts

HQLille, France
Founded2005
Websitenoria.eu

Recent exits

WAGA ENERGY
Waga Energy
ClimateTech2025 · 6yr hold
KYOTHERM
Kyotherm
ClimateTech2024 · 12yr hold

Coverage notes

2 funds tracked, 22 portfolio companies (20 active · 2 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

22 companies
ClimateTech
15 · 68%
TMT
4 · 18%
Business Services
1 · 5%
Consumer
1 · 5%
Real Estate
1 · 5%

Funds & portfolio

Every fund Noria Gestion has raised, with its portfolio companies. Hand-checked from public filings.

2 funds
Noria Media & HumanityEvergreen
2008 · 18yr€30M6 active

Unrealized

6 held
Aleteia
AleteiaActive
TMTFrance· Entry 2015
CAMPUS PRO
Campus PROActive
Business ServicesFrance· Entry 2008
L'1nvisibleActive
TMTFrance· Entry 2010
LA ProcureActive
ConsumerFrance· Entry 2008
TMTFrance· Entry 2012
SECOM
SecomActive
TMTFrance· Entry 2010
Noria Energy & ClimateEvergreen
2005 · 21yr€80M14 active · 2 realized

Unrealized

14 held
BW IDEOL
BW IdeolActive
ClimateTechFrance· Entry 2021
CIEL & TERRE
Ciel & TerreActive
ClimateTechFrance· Entry 2020
CixtenActive
ClimateTechFrance· Entry 2023
DualsunActive
ClimateTechFrance· Entry 2014
Eclipse
EclipseActive
ClimateTechFrance· Entry 2026
EKIHO
EkihoActive
Real EstateFrance· Entry 2016
ELEMENTS
ElementsActive
ClimateTechFrance· Entry 2016
GeosophyActive
ClimateTechFrance· Entry 2023
JimmyActive
ClimateTechFrance· Entry 2021
LHYFE
LhyfeActive
ClimateTechFrance· Entry 2019
LMK EnergyActive
ClimateTechFrance· Entry 2019
NEWHEAT
NewheatActive
ClimateTechFrance· Entry 2017
OTONOHM
OtonohmActive
ClimateTechFrance· Entry 2019
ClimateTechFrance· Entry 2022

Realized

2 exits
KYOTHERM
KyothermExited 2024
ClimateTechFrance· Entry 2012
Secondaryto
WAGA ENERGY
Waga EnergyExited 2025
ClimateTechFrance· Entry 2019
Trade Saleto
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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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Last updated July 2026 · Sourced from public filings · Report an issue