Noshaq

Overview

Noshaq is an investment fund based in Liège that finances the creation and growth of companies headquartered in the province of Liège. It was founded in 1985 as Meusinvest in response to the crisis in the Liège steel industry and took the name Noshaq in 2019. The fund has a portfolio of 478 companies and a team of 60 staff. Over the past five years it decided an average of €120 million of investments per year. In 2021 the group raised €133 million and adopted its 2021-2026 strategic plan. Noshaq invests through minority equity stakes, loans including convertible and non-convertible bonds, and leasing of equipment and real estate. Companies must accept a Noshaq representative on their board. The group concentrates on seven priority sectors: life sciences, digital, industry 4.0, real estate and reconversion, agrifood, cultural and creative industries, and energy. Noshaq also backs LégiaPark, GIGA, WSL and Pôle Image. Gaetan Servais is CEO. Michaël Vanloubbeeck presides over the board. The executive committee includes Yvan Absil (CFO), Fabian Marcq (COO), Laurent Burton (CBDO), Hugues Danze (CCO), Stéphanie Crahay (CLO) and Katrien De Poorter (CHRO). Joanna Tyrekidis is Head of Energy.

Funding history

• 2021 fundraising: €133M raised alongside the 2021-2026 strategic plan

Stated facts & numbers

• Founded: 1985 (as Meusinvest)
• Renamed Noshaq: 2019
• Headquarters: Liège
• Employees: 60
• Portfolio: 478 companies
• Means of action: €700M (Noshaq s.a.)
• Annual investments: €120M average over five years
• CEO: Gaëtan Servais
• Board president: Michaël Vanloubbeeck
• Priority sectors: Life sciences, digital, industry 4.0, real estate, agrifood, cultural and creative industries, energy
• Company number: BE 0426.624.509