William Fry is acting as Irish legal counsel to McGill and Partners and its management team on the acquisition by EQT of a majority stake in the business from Warburg Pincus, in a transaction valuing McGill and Partners at US$2 billion.

McGill and Partners is a leading specialty (re)insurance broker. Its founders and management team will reinvest alongside EQT and retain a meaningful ownership stake, while Warburg Pincus sells its equity stake in full.

Founded in 2019, McGill and Partners has grown from a challenger brand into a scaled global specialty broking business with revenues of more than US$250 million. William Fry have advised McGill and Partners since 2020, helping it to establish its European platform.

The William Fry team is led by partners Ian Murray and Ivor Banim, with support from partners Gavin White, Louise Harrison and Cormac Little, consultants Niall Campbell and Ciara McLaughlin, and associates Martha Ní Dhochartaigh, Caitlin Lenihan, Cliodhna Hand, Con Callan and Ciara Kelliher.