Acquisition of GIA Group by MJM Holdings

Date: July 2025
Country: Poland
Industry: Insurance intermediaries
Target: GIA Investments (100% of shares in 5 subsidiaries – PGB, GSU Polisa, BDAA, IBG, GSU CUW)
Buyer (Client): Corsair & MJM Holdings
Seller: Private Owners

VCP’s role: Buy side exclusive M&A advisor

• VCP acted as an exclusive investment banking advisor to Corsair & MJM Holdings, on the acquisition of GIA Investment’s 5 subsidiaries
• MJM Holdings is a commercial insurance broker company previously acquired and supported by Corsair – a New York and London based PE company
• GIA Investments, consisting of five subsidiaries included in the transaction, is one of the largest brokerage firms in the Polish market, with a strong focus on group life insurance and employee benefits. A significant part of its operations is built around the GSU Association, which comprises approximately 250,000 active members
• After the acquisition, MJM Group, strengthened by the former GIA subsidiaries owners joining as new shareholders, will enhance its capabilities in group life insurance and employee benefits, expand its distribution network through the GSU Association, and place over PLN 410 million in annual personal insurance premiums, increasing MJM Group’s total annual premium placement to over PLN 1.5 billion
• VCP delivered comprehensive investment banking services to the buyer, overseeing and coordinating all advisory work streams, including finance, tax, legal, IT, and commercial due diligence. The services also encompassed valuation support, strategic guidance on deal tactics, negotiation assistance for transaction documentation, along with handling additional tasks as needed throughout the transaction process