EQT has agreed to acquire a majority stake in McGill and Partners, a London-based insurance broker, for approximately $2 billion. This acquisition follows earlier reports from January 2026 that Warburg Pincus, McGill's current owner, was considering a sale that could value the company at over $1 billion. The new $2 billion valuation represents a substantial increase and indicates strong market interest in specialist insurance brokers. This move further expands EQT's presence in the financial services sector and highlights the ongoing consolidation within the insurance brokerage industry.
McGill and Partners has shown significant growth and strategic activity recently. In March 2026, they announced a strategic collaboration with American International Group, Inc. (AIG) focusing on the subscription market and leveraging AI capabilities. Earlier in February 2026, the company renewed its Ukraine War Risks Reinsurance Facility, increasing the maximum line per risk from $50 million to $100 million. In September 2025, McGill and Partners reported strong half-year results for the period ending June 30, 2025, and secured new credit facilities of $300 million from lenders Morgan Stanley, Permira, and Bridgepoint to support its growth phase. They also appointed Mike Reynolds as Group CFO and were selected for Warburg Pincus's first multi-asset continuation fund.
This acquisition by EQT demonstrates their aggressive expansion strategy in private markets. EQT recently closed a significant combination with Coller Capital in August 2026, creating Coller EQT, one of the largest secondaries platforms globally. This transaction boosted EQT's total assets under management to €341 billion ($389 billion) as of June 30, 2026. Prior to this, in September 2026, EQT also acquired 70% of Americold North America Division for $1.3 billion, further diversifying its portfolio into temperature-controlled logistics. These recent activities underscore EQT's commitment to building a diverse and high-performing portfolio across various sectors.
