Warburg Pincus weighs potential sale of McGill and Partners

US private equity firm Warburg Pincus is exploring a possible sale of London-based insurance broker McGill and Partners, Bloomberg reported, citing sources. The firm has held preliminary talks with potential advisers to assess strategic options for McGill and Partners, the sources said, requesting anonymity as the discussions are not public. The transaction could value the business at more than $1bn, they added. A formal sales process may be launched later this year, although Warburg Pincus could also ...