McGill & Partners sells majority stake to EQT for £1.5bn
Private equity house EQT has entered into a definitive agreement to acquire a majority stake in McGill and Partners from Warburg Pincus for $2.0bn (£1.48bn).
On conclusion of the deal the broker stressed founder and CEO Steve McGill CBE, pictured, will continue to lead the firm, while chairman John Lloyd will remain actively involved.
Both will also remain as significant shareholders alongside the firm’s wider employee base, while Warburg Pincus will sell its equity stake in full.
Fulfil ambitionsMcGill & Partners said EQT’s investment would allow it to fulfil its “ambition to drive accelerated organic growth and global expansion by continuing to
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