Specialty broker closes £222m refinancing deal

McGill and Partners has secured new credit facilities worth £222m ($300m) as part of a refinancing deal that it said would support its next phase of growth.

The London-based specialty broker confirmed today (10 September 2025) that it had agreed fresh facilities with lenders Morgan Stanley, Permira and Bridgepoint.

The package included a senior facility, an acquisition facility to back investment in talent and technology – including artificial intelligence – and a revolving credit facility.

A McGill and Partners statement said the refinancing reflected the maturity of the six-year-old business and provided “long-term lender support at conservative levels of leverage”.

It added: “We have reached a level of maturity that means we have more flexible and attractive financing options available to us to support our future ambitions.”

The arrangement also allowed the broker to return capital to eligible shareholders through a dividend recapitalisation.

Results highlight growth trajectory

The refinancing announcement coincided with McGill and Partners reporting their half-year results for the six months ending 30 June 2025.

The broker recorded organic revenue growth of more than 20% year-on-year, while adjusted ebitda increased 79% compared with the same period in 2024.

The results showed solid performance and continued momentum from the firm’s foundation in 2019.

This is off the back of Warburg Pincus, a private equity firm, launching a $2.2bn continuation fund aimed at enabling selected companies to enhance their value creation. McGill and Partners was among the firms chosen to join this fund back in December 2024 .

Warburg Pincus managing director James O’Gara said the deal provided McGill and Partners with “renewed firepower” to continue its growth strategy.

O’Gara explained: “[Chief executive Steve McGill] and the wider team have done it the hard way – purpose-building the business from scratch. The reward is a truly differentiated firm, with a singular culture, unique technology-led approach and an integrated platform poised to continue its impressive organic growth track record.

“This refinancing is another positive milestone in that journey – both reflecting the great progress to date, as well as giving the business renewed firepower to pursue its unique talent acquisition strategy.”