Warburg Mulls $1 Billion Sale of London Insurance Broker McGill

Core Viewpoint - Warburg Pincus is exploring a potential sale of UK insurance broker McGill and Partners, with a possible valuation exceeding $1 billion [1][2]. Group 1: Company Overview - McGill and Partners was founded in 2019 by Steve McGill, a former group president of Aon Plc, and specializes in brokering insurance for sectors such as aviation, property, energy, and marine [3]. - The company reported over 20% revenue growth in the first half of 2025 and a 79% increase in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) compared to the same period in 2024 [3]. Group 2: Investment and Financial Developments - Warburg Pincus initially invested in McGill in 2019 and later transitioned the company into a multi-asset continuation vehicle supported by HarbourVest Partners, Ardian, and the Canada Pension Plan Investment Board [4]. - In September, McGill secured new credit facilities amounting to $300 million from Morgan Stanley, Permira, and Bridgepoint Group Plc to support its growth strategy [4].