Global law firm Clifford Chance has advised EQT X (“EQT”) on the acquisition of a majority stake in McGill & Partners (“McGill” or “the Company”), a leading specialty (re)insurance broker, from Warburg Pincus for US$2.0bn.
Founder and Chief Executive Officer Steve McGill will continue to lead the Company and remain as a significant shareholder alongside the Company’s wider employee base, while Warburg Pincus will sell its equity stake in full.
The multi-disciplinary team was led by Head of Private Equity Spencer Baylin, together with partners Graham Phillips and Thomas Fisher, with support from Victoria Ho, Martin Kolmar, Eleanor Burkin, Angus Hancock, Ruth McAteer, Ross Nixon and Shoshana Leibovici.
Specialist expertise was provided by our Global Insurance team, led by James Cashier, and our Employment and Incentives team, led by Sonia Gilbert.
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