EQT to acquire specialty insurance broker McGill and Partners for USD 2 billion

Private equity firm EQT has agreed to acquire a majority stake in specialty insurance and reinsurance broker McGill and Partners from Warburg Pincus for approximately USD 2 billion. The deal was announced Tuesday and is expected to close in the third quarter of this year.

Warburg Pincus has held a majority stake in McGill and Partners since 2021. The firm's founders, management team, and colleagues will reinvest alongside EQT, retaining a meaningful ownership stake in the business.

McGill and Partners specializes in providing wholesale insurance and reinsurance services globally. The company has experienced rapid growth since its inception and serves a range of large international clients.

The acquisition is expected to strengthen EQT's position in the financial services sector and support the company's continued expansion. EQT intends to support McGill and Partners' growth strategy, including further market development and service offerings.