DLA Piper advises MJM Holdings on acquisition of five GIA Investments companies

DLA Piper has advised MJM Holdings, a leading business in Poland’s insurance distribution sector, on the acquisition of 100% of shares of five companies owned by GIA Investments. GIA Investments is the holding company of one of the largest brokerage and agency groups in Poland, servicing approximately PLN410 million in premiums annually, with a focus on life insurance and assistance services.

The acquisition of 100% of shares of five companies owned by GIA Investments. GIA Investments is the holding company of one of the largest brokerage and agency groups in Poland, servicing approximately PLN410 million in premiums annually, with a focus on life insurance and assistance services.

The acquisition will strengthen the MJM Group’s position in the brokerage market. After consolidating results, the annual premium placed by the Group is expected to exceed PLN1.5 billion (projected value post-transaction). The transaction aligns with MJM Group’s growth strategy, supported by Corsair Capital. The acquisitions from GIA Investments will allow MJM Group to consolidate its position in the group life insurance and employee benefits sectors, bolster its in-house distribution network, and elevate its long-standing know-how in the brokerage and agency sectors.

This is the third transaction contributing to the development of the MJM Group and the fourth for Corsair Capital in the past 18 months all supported by DLA Piper. Previously, in November 2024, the firm advised MJM Holdings, among others, on establishing a strategic partnership with Leadenhall Insurance.

A team from DLA Piper's Warsaw office worked on the transaction led by Corporate partner Piotr Miller and senior associate Jakub Szczygieł, and associate Jakub Niemiec. The team also comprised of counsels Dominika Wolf, Beata Mrozowska-Bartkiewicz, Piotr Falarz, senior associate Emilia Kalecka, associates Natalia Cichocka-Stępień, Karol Kuterek, and  junior associates Jakub Retyk, Franciszek Ignacy Fortuna, Natalia Potrubacz, and Aleksander Stanek. Transaction insurance (W&I) advice was provided by counsel Izabela Gębal.

Piotr Miller, partner, commented: “It is a clear sign of our multidisciplinary capabilities that MJM Holdings and Corsair Capital have once again entrusted us with advising on this significant transaction. We look forward to supporting MJM Group in executing its ambitious strategy for growth and consolidation of the brokerage market. Each successive transaction brings us closer to the goal of building a strong, integrated player with international reach”.

The acquisition of the companies from GIA Investments will be finalized upon receiving clearance from the Office of Competition and Consumer Protection.