The private equity firm has held early talks with potential advisers to explore options for London-based McGill, the people said, asking not to be identified as the information isn’t public. McGill could be valued at more than $1 billion in a deal, the people said.
A process could start later this year, though Warburg could still opt to keep the business, the people added. A representative for Warburg declined to comment. A representative for McGill also declined to ...