Founders, Galiena Capital and GEI have sold I-4S to Weinberg Capital Partners

I-4S

Founded in 2012 and led by its two co-founders, Régis Gherardini and Olivier Meyer, I-4S has established itself as the leading provider of rapid-deployment tactical shelter solutions in France. Specializing in the design, manufacturing and maintenance of these solutions and related equipment, the group operates in highly specialized markets such as defense, healthcare and civil protection. The group is a strategic supplier to the French Armed Forces, as well as to several other armed forces across Europe and worldwide mostly through NSPA. I-4S’s growth has been driven by its unique expertise in technical textile design, systems integration, engineering and maintenance, combined with its responsiveness, agility and end-to-end control of the value chain. In 2025, the group further strengthened its capabilities through the acquisition of Becher STP, expanding its metal structure assembly and maintenance capabilities while diversifying its customer base.

The Deal

Lincoln International acted as the exclusive sell-side advisor to I-4S and its shareholders, providing comprehensive support throughout the transaction process, from initial preparation and buyer outreach through to due diligence, negotiations and closing. Lincoln leveraged its deep sector expertise, extensive investor network and transaction execution capabilities, as well as its long-standing relationship with I-4S and its management team, having previously advised on the group’s leveraged buyout (LBO) in 2021, to successfully complete the transaction with Weinberg Capital Partners Eiréné. This new partnership will support the executives’ ambitions by consolidating I-4S’s presence in its historical markets, accelerating its development abroad and in new segments, while continuing a selective external growth strategy.

Our Perspective

Charles de Fels, Managing Director at Lincoln International, commented, “I-4S is a remarkable success story, driven by two highly experienced and visionary leaders with deep industry expertise. It has been a real pleasure for our team to once again work closely alongside management, Galiena Capital and GEI to deliver another successful transaction, building on the strong relationship established during the group’s first LBO, which we advised on in 2021.”

Weinberg Capital Partners

WCP Eiréné is a private equity investment strategy of Weinberg Capital Partners, an independent French investment firm, dedicated to supporting companies operating in the defense, security and safety sectors. The strategy focuses on partnering with established businesses benefiting from strong market positions and long-term growth prospects, driven by increasing strategic and technological needs. WCP Eiréné aims to support the development of French and European industry leaders through organic growth, strategic acquisitions and international expansion, working closely with their management teams.

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