NewsHK
Specialty insurance and reinsurance brokerage has become a sustained focus for private equity capital, with the segment's cross-border client relationships and fee-driven revenues drawing acquisition interest across successive ownership cycles.
Against that backdrop, Swedish investment firm EQT has agreed to acquire a majority stake in McGill and Partners from Warburg Pincus in a transaction valued at $2 billion, equivalent to Skr19.2 billion.
Warburg Pincus will exit its position in full. McGill's founders, management team and colleagues will reinvest alongside EQT and retain a meaningful ownership stake.
The firm's existing all-employee ownership structure means all colleagues will financially benefit from the deal, the company said.
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