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Logistics for a sustainable world: shared, efficient and reliable

Paris, 14 December 2023 - GP Bullhound acted as the exclusive financial advisor to Geopost and its subsidiary Stuart on the sale of Stuart, an urban last-mile delivery platform, to Mutares, a listed international private equity investor.

Founded in 2014 and fully acquired by Geopost in 2017 Stuart is Europe’s leading last-mile logistics platform, connecting businesses to a fleet of independent couriers. The company is operating in 100+ cities and generating over €400 million in revenues in 2022.

Cédric Favre-Lorraine, CEO France & Benelux at Geopost, commented: “A special thanks to GP Bullhound, who has been an outstanding advisory partner. Their experience, strong deal team, relationships, and deep sector knowledge were instrumental in delivering a successful transaction.”

Joy Sioufi, Partner at GP Bullhound, commented: “It has been a pleasure to advise Stuart and its shareholder Geopost on this transaction. Mutares is a perfect fit and will help the company further strengthen its competitive positioning.”

This transaction is further testament to GP Bullhound’s expertise in software and tech-enabled services with private equity counterparts, with 60+ deals completed from Paris. The team has advised Ecovadis on its minority buyout from Astorg, General Atlantic, Blackrock and GIC, Expensya on its acquisition by Marlin- and Advent-backed Medius, Doctrine on its majority buyout from Summit Partners and Equativ on its majority buyout from Bridgepoint, among many others.

For enquiries, please contact:
Joy Sioufi, Partner, at
Guillaume Bonneton, Partner, at
Joffrey Ezerzer, Vice President, at

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 14 offices spanning Europe, the US and Asia. For more information, please visit 

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