Rymarz Zdort Maruta has advised GIA Investments on the sale of five entities, including Polska Grupa Brokerska, International Brokers Group, BD Advisory and Assistance, GSU Centrum Uslug Wspolnych, and GSU Polisa, to MJM Holdings. DLA Piper and Slaughter and May advised MHM Holdings.
The transaction remains contingent on regulatory approval.
GIA Investments is the holding company behind a brokerage and agency group in Poland, with a focus on life insurance and assistance services.
According to Rymarz Zdort Maruta, the acquisition will significantly bolster MJM Holdings’ position in the group life insurance and employee benefits market. With the transaction, MJM will gain access to an established distribution network, extensive industry know-how, and premium volumes exceeding PLN 410 million annually.
The Rymarz Zdort Maruta team included Partners Jakub Zagrajek and Piotr Zawacki, Counsel Maciej Kostrzewski, and Associates Szymon Rutecki and Patrycja Gliwka.
The DLA Piper team included Partner Piotr Miller, Counsels Dominika Wolf, Beata Mrozowska-Bartkiewicz, Piotr Falarz, and Izabela Gebal, Senior Associates Jakub Szczygiel and Emilia Kalecka, Associates Jakub Niemiec, Natalia Cichocka-Stepien, and Karol Kuterek, and Junior Associates Jakub Retyk, Franciszek Ignacy Fortuna, Natalia Potrubacz, and Aleksander Stanek.
