On May 19, 2025, MJM Holdings signed a preliminary agreement to acquire shares in five companies owned by GIA Investments. The finalization of the acquisition is pending approval from Poland’s Office of Competition and Consumer Protection (UOKiK).
This transaction is expected to increase MJM Group’s annual premium volume by over PLN 410 million and strengthen its capabilities in group life insurance, employee benefits, and distribution models. It marks another key acquisition for MJM Holdings, following its purchase of Leadenhall Insurance in November 2024.
The founders of GIA will join MJM Holdings as shareholders and will remain involved in the company’s operations after the transaction is completed.
Details of the Transaction
MJM Holdings intends to acquire 100% of shares in the following companies owned by GIA Investments:
- Polska Grupa Brokerska sp. z o.o.
- International Brokers Group sp. z o.o.
- BD Advisory and Assistance sp. z o.o.
- GSU Centrum Usług Wspólnych sp. z o.o.
- GSU Polisa sp. z o.o.
The closing of the transaction is contingent upon obtaining approval from the President of UOKiK.
This acquisition will reinforce MJM Group’s position in the brokerage market. Once consolidated, the Group’s total placed premium value is projected to exceed PLN 1.5 billion annually.
Strategic Fit and Market Impact
The planned acquisition aligns with MJM Group’s growth strategy, supported by Corsair Capital. The integration of GIA will bring a strong market position in group life insurance and employee benefits, an in-house distribution network, extensive brokerage and agency expertise, and an annual premium volume exceeding PLN 410 million.
“MJM Group is growing deliberately and consistently, following a clearly defined strategy. From the outset, our goal has been to build an organization that meets today’s market demands while being prepared for future challenges. The integration of GIA companies will significantly accelerate this process – the transaction will expand our competencies in the group life insurance segment, allowing us to place nearly half a billion złoty in premiums annually. It will also enhance our distribution network and allow us to offer more comprehensive insurance protection to our clients. This is another major step after the acquisition of Leadenhall Insurance, which strengthened our position in the specialty insurance sector and created new growth opportunities. Both moves are part of our long-term ‘buy-and-build’ strategy supported by Corsair Capital,” said Marcin Ślotała, CEO of MJM Holdings.
Statements from GIA and Supervisory Board
“Joining MJM Group is a natural step forward for us. Together, we gain new scale, access to capital, and competencies that will allow us to better meet client needs. We bring to MJM unique expertise in the distribution of group life insurance—a field in which we’ve built specialization and relationships with key partners over many years. The transaction will also strengthen our insurance product distribution channels,” said Mariusz Goetze, CEO of GIA Investments.
Vincent Vandendael, Chairman of the Supervisory Board of MJM Holdings, added: “The merger with GIA—one of the largest players in Poland’s group life insurance and employee benefits segment—will strengthen our role as an industry leader among independent brokers. We look forward to future cooperation and believe our Management Team will greatly benefit from the expertise of GIA’s founders and executives.”
Ongoing M&A Strategy
“The acquisition of GIA companies is a continuation of our strategy to grow through market consolidation. We are currently conducting several other transaction processes and actively analyzing the market to identify brokers who align with our organization—strategically, operationally, and culturally,” said Grzegorz Kruk, Head of M&A at MJM Holdings.
Source: Manager Plus – MJM Holdings’ Next Acquisition After Leadenhall: Time for GIA Investments
