Groupe Lfpi takes majority stake in I-Run

LFPI has acquired a majority stake in I-Run as part of a transaction that marks the next stage in the company's growth trajectory, which has been underway for several years. The deal involves a reshaping of the shareholder base, with historical investors such as Geneo Capital Entrepreneur and Bpifrance selling a portion of their shares while maintaining a minority presence alongside management, which has increased its stake in the new entity. Other financial investors have exited the capital as part of this new development phase. The financing structure combines multiple sources of funding. LFPI has mobilized its mid-cap investment vehicles, supplemented by a mezzanine component, while a bank financing package of approximately €60 million has been arranged by a pool of leading financial institutions. This structure enables the support of a majority buyout while maintaining a debt level that is tailored to the company's growth profile. The new shareholders aim to support an accelerated international expansion strategy, particularly in Northern and Southern Europe, by leveraging digital channel development and the gradual extension of the store network. External growth initiatives may also be explored to consolidate the company's position in the European running and specialty sports market.

In the past, I-Run was acquired by Geneo in 2022 as part of its expansion strategy.