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Norfin
Norfin S.p.A. traces its roots to the De Nora industrial group. Michele De Nora serves as beneficial owner. The firm functions as the dedicated vehicle for...
Norfin
Norfin S.p.A. traces its roots to the De Nora industrial group. Michele De Nora serves as beneficial owner. The firm functions as the dedicated vehicle for family capital after the 2018 sale by Italmobiliare. Investment activity centers on private equity, real estate, private credit and distressed situations. Confirmed positions include a stake in Industrie De Nora S.p.A. alongside a €1 million annual consultancy agreement. Real estate holdings feature the Campo Novo mixed-use project in Lisbon developed with Arrow Global and King Street, plus the Aroeira Collections by Missoni branded residences in Portugal. All activity remains within Europe. The team includes Francisco Sottomayor as CEO of the Portugal operations and Pietro Michele Villa as board member since March 2024. Luigi Gilli represented the firm at the MondoInstitutional Family Office Forum in October 2025. Norfin maintains interlocking directorates with multiple Italian companies through Flavio Raimondo.
General information
Firm type
Single Family Office
Year founded
1999
AUM
Undisclosed
Location
Region
Europe
Country
Italy
City
Milan
Corporate office
Milan, Italy
Principals
Michele De Nora
Beneficial Owner
Francisco Sottomayor
Chief Executive Officer of Norfin Group (Portugal)
Pietro Michele Villa
Board Member
Luigi Gilli
Key Principal
Flavio Raimondo
Chairman of the Board of Statutory Auditors
Sector focus
Frequently asked questions
Who runs investment decisions at Norfin?
Michele De Nora is the beneficial owner. Francisco Sottomayor serves as CEO of the Portugal group. Pietro Michele Villa and Flavio Raimondo hold board and statutory auditor roles.
How is Norfin related to Arrow Global?
Arrow Global acquired Norfin in 2018 and remains the parent. The two entities co-invest in projects such as Campo Novo in Lisbon.
Does Norfin participate in fund commitments or only direct deals?
The firm makes direct equity investments and real estate developments. It also holds positions through primary banks and private equity funds.
What geographies does Norfin target?
All disclosed activity occurs in Europe, with specific projects in Italy and Portugal.
Which sectors does Norfin explicitly avoid?
No explicit avoidance list appears in public materials. Activity concentrates on the eight tagged sectors including PropTech, Energy Transition & Renewables and Distressed & Turnaround.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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