Eoden
Also known as Eoden Ressources, Groupe Eoden, EODEN
Family entrepreneurship and investment group near Montpellier (created 2019): hotels, property development, agroecology and an evergreen PE branch, Eoden Ressources (tickets €2–30M).
USEFUL FOR Business owners seeking a long-term partner · Co-investors
Family & background
- FAMILY
- Gay (Erick Gay)
- WEALTH ORIGIN
- Valeco (renewable energy group), sold to EnBW in 2019
- HEADQUARTERS
- Baillargues, France
- FOUNDED
- 2019
Investment approach
- GEOGRAPHY
- Europe
- STAGES
- GrowthBuyout
- ROUTES
- Companies (own capital)
- STRATEGIES
- Private equityDirect investments
- TICKET
- €2M–€30M
Overview
Eoden describes itself as a family entrepreneurial company created in 2019, organised in four branches: experiential hotels (Eoden Experience), property development (Eoden Immobilier), agroecology (Eoden Nature) and Eoden Ressources, its private equity branch. Eoden Ressources invests evergreen, without a fixed exit horizon, in European companies in energy, water, insulation, wood, waste recovery and new mobility, plus a diversification strategy co-investing in mature SMEs and mid-caps, with tickets of €2–30M. The group reported more than 50 companies, 476 staff and €116M of consolidated revenue in 2024.
Investment thesis
Two theses at Eoden Ressources: a long-term climate thesis as an active shareholder (energy, water management, insulation, wood, waste recovery and recycling, new mobility) and a diversification thesis co-investing in mature multi-sector SMEs and mid-caps.
Holdings & investments (7)
INVESTMENT ARMS & VEHICLES
- Private equity branch of the group, investing evergreen in European companies on resource preservation and climate adaptation
HOLDINGS & INVESTMENTS · MOST RECENT FIRST
- Reno EnergyNOTABLEClimate & Energy · since 2025
- Thermie France LowcalbaltClimate & Energy · since 2023
- Smart & Connectivesince 2022
- Energie Maintenancesince 2022
- Quali Confortsince 2022
- A+ Energiessince 2021
- Mintsince 2019
People
- Nicolas ElahmiGroup Chief Investment Officer (Directeur des Investissements groupe); Directeur Général of Eoden Ressources SAS per register · source
- David DelleryInvestment Director · source
- Fabien GuidaliInvestment Director · source
- Kenza Ben MansourChargée d'affaires investissement · source
- Frédérique DoineauDeputy Chief Executive (Directrice Générale Adjointe) · source
- Alexandre MartyAnalyste Financier · source
- Angel MartinezDirecteur Technique Eoden Immobilier · source
Frequently asked questions
Eoden is a family holding based in Baillargues, France, founded in 2019.
Eoden invests on behalf of the Gay (Erick Gay) family (Valeco (renewable energy group), sold to EnBW in 2019).
Eoden invests its own capital into companies. Its stated asset mix includes private equity and direct investments.
Eoden invests at Growth and Buyout stages in Climate & Energy, Real Estate & PropTech and Food & Agriculture.
Eoden's stated ticket size is €2M–€30M.
Key people at Eoden include Frédérique Doineau (Deputy Chief Executive (Directrice Générale Adjointe)), Nicolas Elahmi (Group Chief Investment Officer (Directeur des Investissements groupe); Directeur Général of Eoden Ressources SAS per register), David Dellery (Investment Director) and Fabien Guidali (Investment Director).
Eoden's holdings and investments include Reno Energy, Thermie France Lowcalbalt, Smart & Connective, Energie Maintenance, Quali Confort, A+ Energies and Mint.
The most recent publicly reported investment by Eoden is Reno Energy (Capital increase of €10M, of which €6M from Eoden Ressources), announced in Sep 2025.