Private equity firm Warburg Pincus is weighing a potential sale of London-based insurance broker McGill and Partners, which could fetch a valuation exceeding $1bn, according to a report by Bloomberg citing sources familiar with the matter.
Founded in 2019 by former Aon group president Steve McGill, McGill brokers insurance across sectors including aviation, aerospace, property, construction, energy, and marine. The company delivered strong growth in H1 2025, with revenue up more than 20% and adjusted EBITDA rising 79% compared with the same period in 2024.
Warburg, which first invested in McGill in 2019, later transitioned the firm into a multi-asset continuation vehicle alongside HarbourVest Partners, Ardian, and the Canada Pension Plan Investment Board. In September, McGill secured new credit facilities worth $300m from Morgan Stanley, Permira, and Bridgepoint Group.
While early discussions with advisers have taken place to explore a sale, Warburg could still decide to retain the business. Any formal sale process would likely begin later this year.
