EQT to Acquire McGill and Partners, a Leading Specialty (Re)insurance Broker for USD 2.0 Billion, From Warburg Pincus
Warburg Pincus will sell its stake as McGill and Partners keeps its founder-led team and plans to expand technology and global hiring.
- EQT X entered a definitive agreement to acquire a majority stake in McGill and Partners from Warburg Pincus for $2 billion, marking a transition in the specialty insurance broker's ownership.
- Chief Executive Officer Steve McGill and Chairman John Lloyd founded the firm in 2019 with backing from Warburg Pincus, which is now concluding its seven-year partnership by selling its equity stake in full.
- The broker has grown to include more than 600 colleagues across seven countries, generating revenues exceeding $250mn while serving over 1,000 sophisticated insurance and reinsurance clients.
- Both Steve McGill and John Lloyd will remain as significant shareholders while EQT invests in the firm's ambition to drive accelerated organic growth and global expansion across key markets.
- Matthias Wittkowski, Global Co-Head of Services at EQT Private Equity, said the firm has established a "strong position" in specialty insurance broking as McGill pursues becoming a "category of one.
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McGill and Partners staff to benefit from EQT’s $2bn insurance broker deal
Speciality London-based reinsurance broker McGill and Partners has agreed to a $2bn (£1.48bn) investment by private equity giant EQT. Founded in May 2019 by industry titans Steve McGill and John Lloyd, the firm handles high risks for corporate and institutional clients. In seven years, the broker has grown revenues to more than $250m and expanded [...]
EQT to Pay $2 Billion for Majority Stake in McGill and Partners
EQT AB has agreed to acquire a majority stake in UK insurance broker McGill and Partners from Warburg Pincus LLC for $2 billion, as the Swedish buyout firm looks to accelerate the company’s global expansion.
EQT agrees to acquire majority stake in McGill and Partners for $2bn from Warburg Pincus
EQT and McGill and Partners have revealed that EQT X (EQT) has entered into a definitive agreement to acquire a majority stake in McGill and Partners from Warburg Pincus for $2 billion. McGill and Partners was founded in May 2019 by Steve McGill alongside a core senior team that included John Lloyd, Stephen Cross and […]
Hastings Tribune
EQT to acquire McGill and Partners, a leading specialty (re)insurance broker for USD 2.0 billion, from Warburg Pincus
LONDON--(BUSINESS WIRE)--Sep 4, 2026-
EQT to acquire McGill and Partners, a leading specialty (re)insurance broker for USD 2.0 billion, from Warburg Pincus – Novumpr
Warburg Pincus and McGill and Partners have reached an agreement with EQT that will see Warburg Pincus sell its majority stake to EQT McGill and Partners founders, management team and colleagues will re-invest alongside EQT, retaining a meaningful ownership stake in the firm going forward as they continue to serve clients globally Maintains commitment to […]
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