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 significant transaction in specialty insurance broking.
- Chief Executive Officer Steve McGill and Chairman John Lloyd founded the firm in 2019 with backing from Warburg Pincus, which is now selling its equity stake in full after seven years of partnership.
- 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.
- Steve McGill and John Lloyd will remain as significant shareholders, while EQT invests in accelerated organic growth and global expansion across specialty broking markets.
- EQT Global Co-Head Matthias Wittkowski said the firm has established a "strong position" in specialty insurance broking as McGill pursues becoming a "category of one" in the market.
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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-
US investor Warburg Pincus – who is also behind some German brokers – has sold its stake in British broker McGill. Swedish investor EQT has secured the stakes for $2 billion (EUR 1.72 billion) and the broker's employees are also expected to benefit from this. broker McGill and Partners now owns the investor EQT© iStock/Tippapatt British broker McGill and [...]
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