Warburg Considers $1 Billion Sale of London-Based Insurance Broker McGill
Warburg Pincus is considering a possible sale of UK insurance broker McGill and Partners, according to people familiar with the matter.
The private equity firm has initiated preliminary discussions with potential advisers to explore options for London-based McGill. Sources, who requested anonymity as the information is not public, suggest that McGill could be valued at over $1 billion in a potential deal.
A formal process may commence later this year; however, Warburg may also choose to retain the business, according to insiders. Representatives from Warburg and McGill have both declined to comment, with McGill’s management team emphasizing their focus on running the company and executing a strategy aimed at long-term growth.
Founded in 2019 by Steve McGill, a former group president of Aon Plc, McGill and Partners specializes in brokering insurance across various sectors, including aviation and aerospace, property and construction, energy, marine, and cargo. The firm has demonstrated impressive financial performance, with a reported revenue growth of over 20% in the first half of 2025, alongside a remarkable 79% increase in adjusted earnings before interest, taxes, depreciation, and amortization compared to the same period in 2024, as highlighted on its website.
Warburg Pincus first invested in McGill in 2019. Five years later, the firm transitioned the company into a multi-asset continuation vehicle supported by HarbourVest Partners, Ardian, and the Canada Pension Plan Investment Board. In September, McGill secured new credit facilities totaling $300 million from Morgan Stanley, Permira, and Bridgepoint Group Plc, which are intended to bolster its next growth phase.
Photograph: A commuter crosses Tower Bridge in view of skyscrapers on the skyline of the City of London, UK, on Monday, Dec. 15, 2025. Photo credit: Jason Alden/Bloomberg
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Warburg Pincus is considering a possible sale of UK insurance broker McGill and Partners, according to people familiar with the matter.
The private equity firm has initiated preliminary discussions with potential advisers to explore options for London-based McGill. Sources, who requested anonymity as the information is not public, suggest that McGill could be valued at over $1 billion in a potential deal.
A formal process may commence later this year; however, Warburg may also choose to retain the business, according to insiders. Representatives from Warburg and McGill have both declined to comment, with McGill’s management team emphasizing their focus on running the company and executing a strategy aimed at long-term growth.
Founded in 2019 by Steve McGill, a former group president of Aon Plc, McGill and Partners specializes in brokering insurance across various sectors, including aviation and aerospace, property and construction, energy, marine, and cargo. The firm has demonstrated impressive financial performance, with a reported revenue growth of over 20% in the first half of 2025, alongside a remarkable 79% increase in adjusted earnings before interest, taxes, depreciation, and amortization compared to the same period in 2024, as highlighted on its website.
Warburg Pincus first invested in McGill in 2019. Five years later, the firm transitioned the company into a multi-asset continuation vehicle supported by HarbourVest Partners, Ardian, and the Canada Pension Plan Investment Board. In September, McGill secured new credit facilities totaling $300 million from Morgan Stanley, Permira, and Bridgepoint Group Plc, which are intended to bolster its next growth phase.
Photograph: A commuter crosses Tower Bridge in view of skyscrapers on the skyline of the City of London, UK, on Monday, Dec. 15, 2025. Photo credit: Jason Alden/Bloomberg
Related:
Copyright 2026 Bloomberg.
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