EQT agrees $2bn deal for majority stake in McGill and Partners
European private equity major EQT has agreed to acquire a majority stake in specialist insurance broker McGill and Partners in a transaction valuing the business at approximately $2bn, according to a report by the Wall Street Journal.
EQT, a European private equity major, has reached an agreement to acquire a majority stake in specialist insurance broker McGill and Partners, according to the Wall Street Journal. The Stockholm-listed firm will pay approximately $2 billion for the stake, which was previously held by Warburg Pincus. The deal is currently pending regulatory approvals and is anticipated to conclude in the first half of 2027.
McGill's founder and CEO, Steve McGill, who previously served as group president at Aon, will continue to lead the company and maintain a substantial ownership stake post-acquisition.
EQT's investment in McGill aims to fuel the brokerage's ongoing growth, including further hiring and preserving McGill's independent operating model. The London-based firm specializes in complex and specialized insurance risks, with a broad expertise spanning property and aviation. McGill and Partners has broadened its operations internationally since its inception, currently serving clients across seven countries.
Written by urgent.news from Private Equity Wire's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
