EQT agrees $2 billion McGill majority stake deal
Private equity firm EQT X has agreed to acquire a majority stake in McGill and Partners from Warburg Pincus for about $2 billion, with Warburg Pincus selling entirely and management reinvesting while Steve McGill remains CEO and John Lloyd stays involved. The London-based broker, employing 600+ staff across seven countries and generating over $250 million in revenue, will use the deal to accelerate global expansion, invest in technology and data, and offer an equity participation plan to staff as part of its growth strategy.
Business · 15 sources · Sep 4, 2026Read itThe journal
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About Warburg Pincus
Warburg Pincus LLC is an American multinational private equity firm based in New York City, with offices in the United States, Europe, Brazil, China, Japan, the Middle East, Southeast Asia and India. One of the oldest in the world, it has been a private equity investor since 1966.
Everything about Warburg Pincus →- Country
- United States
- Headquarters
- New York City
- Inception
- 1939
- Website
- http://www.warburgpincus.com